1.
Economics
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Economics is a social science concerned chiefly with description and analysis of the production, distribution, and consumption of goods and services according to the Merriam-Webster Dictionary. Economics focuses on the behaviour and interactions of economic agents and how economies work, consistent with this focus, textbooks often distinguish between microeconomics and macroeconomics. Microeconomics examines the behaviour of elements in the economy, including individual agents and markets, their interactions. Individual agents may include, for example, households, firms, buyers, macroeconomics analyzes the entire economy and issues affecting it, including unemployment of resources, inflation, economic growth, and the public policies that address these issues. Economic analysis can be applied throughout society, as in business, finance, health care, Economic analyses may also be applied to such diverse subjects as crime, education, the family, law, politics, religion, social institutions, war, science, and the environment. At the turn of the 21st century, the domain of economics in the social sciences has been described as economic imperialism. The ultimate goal of economics is to improve the conditions of people in their everyday life. There are a variety of definitions of economics. Some of the differences may reflect evolving views of the subject or different views among economists, to supply the state or commonwealth with a revenue for the publick services. Say, distinguishing the subject from its uses, defines it as the science of production, distribution. On the satirical side, Thomas Carlyle coined the dismal science as an epithet for classical economics, in this context and it enquires how he gets his income and how he uses it. Thus, it is on the one side, the study of wealth and on the other and more important side, a part of the study of man. He affirmed that previous economists have usually centred their studies on the analysis of wealth, how wealth is created, distributed, and consumed, but he said that economics can be used to study other things, such as war, that are outside its usual focus. This is because war has as the goal winning it, generates both cost and benefits, and, resources are used to attain the goal. If the war is not winnable or if the costs outweigh the benefits. Some subsequent comments criticized the definition as overly broad in failing to limit its subject matter to analysis of markets, there are other criticisms as well, such as in scarcity not accounting for the macroeconomics of high unemployment. The same source reviews a range of included in principles of economics textbooks. Among economists more generally, it argues that a particular definition presented may reflect the direction toward which the author believes economics is evolving, microeconomics examines how entities, forming a market structure, interact within a market to create a market system
2.
Unemployment
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During periods of recession, an economy usually experiences a relatively high unemployment rate. According to International Labour Organization report, more than 200 million people globally or 6% of the workforce were without a job in 2012. There remains considerable debate regarding the causes, consequences and solutions for unemployment. Classical economics, new classical economics, and the Austrian School of economics argue that market mechanisms are reliable means of resolving unemployment, Keynesian economics emphasizes the cyclical nature of unemployment and recommends government interventions in the economy that it claims will reduce unemployment during recessions. This theory focuses on recurrent shocks that suddenly reduce aggregate demand for goods and services, Keynesian models recommend government interventions designed to increase demand for workers, these can include financial stimuli, publicly funded job creation, and expansionist monetary policies. Structural arguments emphasize causes and solutions related to disruptive technologies and globalization, Causes and solutions for frictional unemployment often address job entry threshold and wage rates. Behavioral economists highlight individual biases in decision making, and often involve problems and solutions concerning sticky wages, for centuries, experts have predicted that machines would make workers obsolete and increase unemployment. The state of being without any work both for an educated & uneducated person, for earning ones livelihood is meant by unemployment, some additional types of unemployment that are occasionally mentioned are seasonal unemployment, hardcore unemployment, and hidden unemployment. Though there have been several definitions of voluntary and involuntary unemployment in the economics literature, voluntary unemployment is attributed to the individuals decisions, whereas involuntary unemployment exists because of the socio-economic environment in which individuals operate. In these terms, much or most of frictional unemployment is voluntary, on the other hand, cyclical unemployment, structural unemployment, and classical unemployment are largely involuntary in nature. So, in practice, the distinction between voluntary and involuntary unemployment is hard to draw and this happens with cyclical unemployment, as macroeconomic forces cause microeconomic unemployment which can boomerang back and exacerbate these macroeconomic forces. Classical, or real-wage unemployment, occurs when real wages for a job are set above the market-clearing level causing the number of job-seekers to exceed the number of vacancies. On the other hand, some argue that as wages fall below a livable wage many choose to drop out of the labor market. This is especially true in countries where low-income families are supported through public welfare systems, in such cases, wages would have to be high enough to motivate people to choose employment over what they receive through public welfare. Wages below a livable wage are likely to result in lower labor market participation in above stated scenario, in addition it must be noted that consumption of goods and services is the primary driver of increased need for labor. Higher wages leads to workers having more available to consume goods. Therefore, higher wages increase general consumption and as a result need for labor increases, many economists have argued that unemployment increases with increased governmental regulation. For example, minimum wage laws raise the cost of some low-skill laborers above market equilibrium, laws restricting layoffs may make businesses less likely to hire in the first place, as hiring becomes more risky
3.
Discrimination
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This includes treatment of an individual or group, based on their actual or perceived membership in a certain group or social category, in a way that is worse than the way people are usually treated. Discriminatory traditions, policies, ideas, practices, and laws exist in countries and institutions in every part of the world. In some places, controversial attempts such as quotas have been used to benefit those believed to be current or past victims of discrimination—but have sometimes been called reverse discrimination, the term discriminate appeared in the early 17th century in the English language. It is from the Latin discriminat- distinguished between, from the verb discriminare, from discrimen distinction, from the verb discernere, Discrimination derives from Latin, where the verb discrimire means to separate, to distinguish, to make a distinction. Moral philosophers have defined discrimination as disadvantageous treatment or consideration, an individual need not be actually harmed in order to be discriminated against. They just need to be treated worse than others for some arbitrary reason, in addition to this discrimination develops into a source of oppression. It is similar to the action of recognizing someone as different so much that they are treated inhumanly, social competition is driven by the need for self-esteem and is aimed at achieving a positive social status for the in-group relative to comparable out-groups. Consensual discrimination is driven by the need for accuracy and reflects stable, the United Nations stance on discrimination includes the statement, Discriminatory behaviors take many forms, but they all involve some form of exclusion or rejection. International bodies United Nations Human Rights Council work towards helping ending discrimination around the world, important UN documents addressing discrimination include, The Universal Declaration of Human Rights is a declaration adopted by the United Nations General Assembly on 10 December 1948. The International Convention on the Elimination of All Forms of Racial Discrimination is a United Nations convention, the Convention commits its members to the elimination of racial discrimination. The convention was adopted and opened for signature by the United Nations General Assembly on 21 December 1965, the Convention on the Elimination of All Forms of Discrimination against Women is an international treaty adopted in 1979 by the United Nations General Assembly. Described as a bill of rights for women, it came into force on 3 September 1981. The Convention on the Rights of Persons with Disabilities is a human rights instrument treaty of the United Nations. Parties to the Convention are required to promote, protect, and ensure the full enjoyment of human rights by persons with disabilities, the text was adopted by the United Nations General Assembly on 13 December 2006, and opened for signature on 30 March 2007. Following ratification by the 20th party, it came into force on 3 May 2008, ageism or age discrimination is discrimination and stereotyping based on the grounds of someones age. It is a set of beliefs, norms, and values used to justify discrimination or subordination based on a persons age. Ageism is most often directed towards old people, or adolescents, Age discrimination in hiring has been shown to exist in the United States. In Europe, Stijn Baert, Jennifer Norga, Yannick Thuy and Marieke Van Hecke, researchers at Ghent University, interestingly, they found that age discrimination is heterogeneous by the activity older candidates undertook during their additional post-educational years
4.
Ageism
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Ageism is stereotyping and discriminating against individuals or groups on the basis of their age. This may be casual or systematic, the term was coined in 1969 by Robert Neil Butler to describe discrimination against seniors, and patterned on sexism and racism. Butler defined ageism as a combination of three connected elements, moreover, it has been pointed out that stigmatization does not only occur outside of the cohesively imagined group of the elderly but likewise takes place within the stigmatized group itself. It can also be passive and covert to drive the notion that the place is young, Ageism in common parlance and age studies usually refers to negative discriminatory practices against old people, people in their middle years, teenagers and children. There are several forms of age-related bias, adultism is a predisposition towards adults, which is seen as biased against children, youth, and all young people who are not addressed or viewed as adults. Jeunism is the discrimination against older people in favor of younger ones, adultcentricism is the exaggerated egocentrism of adults. Adultocracy is the convention which defines maturity and immaturity, placing adults in a dominant position over young people. Gerontocracy is a form of rule in which an entity is ruled by leaders who are significantly older than most of the adult population. Chronocentrism is primarily the belief that a state of humanity is superior to all previous and/or future times. Based on an analysis of ageism, a new definition of ageism was introduced by Iversen, Larsen. Ageism can be implicit or explicit and can be expressed on a micro-, meso- or macro-level, implicit ageism is the term used to refer to the implicit or subconscious thoughts, feelings, and behaviors one has about older or younger people. These may be a mixture of positive and negative thoughts and feelings, ageist stereotyping is a tool of cognition which involves categorizing into groups and attributing characteristics to these groups. Stereotypes are necessary for processing huge volumes of information which would otherwise overload a person, for example, age-based stereotypes prime one to draw very different conclusions when one sees an older and a younger adult with, say, back pain or a limp. One might well assume that the persons condition is temporary and treatable, following an accident, while the older persons condition is chronic. On average, this might be true, but plenty of people have accidents and recover quickly. Another example is when people are rude to children because of their high pitched voice, even if they are kind, a review of the research literature related to age stereotypes in the workplace was recently published in the Journal of Management. Contrary to common and more obvious forms of stereotyping, such as racism and sexism, ageism is more resistant to change. For instance, if a child believes in an ageist idea against the elderly, fewer people correct them, in other words, ageism can become a self-fulfilling prophecy
5.
Racism
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Racism is discrimination and prejudice towards people based on their race or ethnicity. Today, the use of the term racism does not easily fall under a single definition, the Holocaust is the classic example of institutionalized racism which led to the death of millions of people based on their race. Ethnicity is often used in a close to one traditionally attributed to race. Therefore, racism and racial discrimination are often used to describe discrimination on an ethnic or cultural basis, according to a United Nations convention on racial discrimination, there is no distinction between the terms racial and ethnic discrimination. Racist ideology can become manifest in many aspects of social life, Racism can be present in social actions, practices, or political systems that support the expression of prejudice or aversion in discriminatory practices. Associated social actions may include nativism, xenophobia, otherness, segregation, hierarchical ranking, supremacism, in the 19th century, many scientists subscribed to the belief that the human population can be divided into races. The term racism is a noun describing the state of being racist, the origin of the root word race is not clear. Linguists generally agree that it came to the English language from Middle French, a recent proposal is that it derives from the Arabic ras, which means head, beginning, origin or the Hebrew rosh, which has a similar meaning. Early race theorists generally held that some races were inferior to others and these early theories guided pseudo-scientific research assumptions, the collective endeavors to adequately define and form hypotheses about racial differences are generally termed scientific racism. To date, there is evidence in human genome research indicating that race can be defined in such a way as to be useful in a genetic classification of humans. An entry in the Oxford English Dictionary defines racialism simply as An earlier term than racism, but now superseded by it. The revised Oxford English Dictionary cites the shortened term racism in a quote from the year,1903. It was first defined by the Oxford English Dictionary as he theory that human characteristics and abilities are determined by race. Additionally, the Oxford English Dictionary records racism as a synonym of racialism, as its history indicates, popular use of the word racism is relatively recent. The word came into usage in the Western world in the 1930s, when it was used to describe the social and political ideology of Nazism. It is commonly agreed that racism existed before the coinage of the word, garner summarizes different existing definitions of racism and identifies three common elements contained in those definitions of racism. First, a historical, hierarchical power relationship between groups, second, a set of ideas about racial differences, and, third, the UDHR was adopted by the United Nations General Assembly in 1948. They are born equal in dignity and rights and all form a part of humanity
6.
Disability
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Disability is an impairment that may be cognitive, developmental, intellectual, mental, physical, sensory, or some combination of these. It substantially affects a persons activities and may be present from birth or occur during a persons lifetime. Disabilities is a term, covering impairments, activity limitations. Disability is thus not just a health problem and it is a complex phenomenon, reflecting the interaction between features of a person’s body and features of the society in which he or she lives. Disability is a concept, with different meanings for different communities. It may be used to refer to physical or mental attributes that some institutions, particularly medicine and it may refer to limitations imposed on people by the constraints of an ableist society. Or the term may serve to refer to the identity of people with disabilities, debates about proper terminology and their implied politics continue in disability communities and the academic field of disability studies. In some countries, the law requires that disabilities are documented by a provider in order to assess qualifications for disability benefits. During the Middle Ages, madness and other conditions were thought to be caused by demons and they were also thought to be part of the natural order, especially during and in the fallout of the Plague, which wrought impairments throughout the general population. Contemporary concepts of disability are rooted in eighteenth- and nineteenth-century developments, foremost among these was the development of clinical medical discourse, which made the human body visible as a thing to be manipulated, studied, and transformed. These worked in tandem with scientific discourses that sought to classify and categorize and, in so doing, became methods of normalization. The concept of the norm developed in time period, and is signaled in the work of the French statistician Alphonse Quetelet. Quetelet postulated that one could take the sum of all attributes in a given population and find their average. Disability, as well as other concepts including, abnormal, non-normal, the circulation of these concepts is evident in the popularity of the freak show, where showmen profited from exhibiting people who deviated from those norms. With the rise of eugenics in the part of the nineteenth century. With disability viewed as part of a persons biological make-up and thus their genetic inheritance, various metrics for assessing a persons genetic fitness, which were then used to deport, sterilize, or institutionalize those deemed unfit. In the early 1970s, disability activists began to challenge how society treated people with disabilities, due to this work, physical barriers to access were identified. These conditions functionally disabled them, and what is now known as the model of disability emerged
7.
Employment-to-population ratio
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The Organization for Economic Co-operation and Development defines the employment rate as the employment-to-population ratio. This is a ratio that measures the proportion of the countrys working age population that is employed. This includes people that have stopped looking for work, the International Labour Organization states that a person is considered employed if they have worked at least 1 hour in gainful employment in the most recent week. The National Bureau Of Economic Research states that the Great Recession ended in June 2009, during 2009 and 2010, however, many areas were still struggling economically, which is the reason the employment-population ratio is still used by both Americans and people around the world. Key terms that explain the use of the follow, Employed persons. Participant rate This represents the proportion of the population that is in the labor force, included in this group are all persons in the civilian noninstitutional population who are neither employed nor unemployed. The ratio is used to evaluate the ability of the economy to create jobs, having a high ratio means that an important proportion of the population in working age is employed, which in general will have positive effects on the GDP per capita. Nevertheless, the ratio does not give an indication of working conditions, number of hours worked per person, therefore, the analysis of the labour market must be done in conjunction with other statistics. This measure comes from dividing the civilian noninstitutionalized population who are employed by the total noninstitutionalized population, in general, a high ratio is considered to be above 70 percent of the working-age population whereas a ratio below 50 percent is considered to be low. The economies with low ratios are generally situated in the Middle East, employment-to-population ratios are typically higher for men than for women. Nevertheless, in the past decades, the ratios tended to fall for men and increase in the case of women, source, OECD. StatExtracts, except as noted Dependency ratio Female labor force in the Muslim world Labor-force participation rate List of countries by employment rate
8.
United States
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Forty-eight of the fifty states and the federal district are contiguous and located in North America between Canada and Mexico. The state of Alaska is in the northwest corner of North America, bordered by Canada to the east, the state of Hawaii is an archipelago in the mid-Pacific Ocean. The U. S. territories are scattered about the Pacific Ocean, the geography, climate and wildlife of the country are extremely diverse. At 3.8 million square miles and with over 324 million people, the United States is the worlds third- or fourth-largest country by area, third-largest by land area. It is one of the worlds most ethnically diverse and multicultural nations, paleo-Indians migrated from Asia to the North American mainland at least 15,000 years ago. European colonization began in the 16th century, the United States emerged from 13 British colonies along the East Coast. Numerous disputes between Great Britain and the following the Seven Years War led to the American Revolution. On July 4,1776, during the course of the American Revolutionary War, the war ended in 1783 with recognition of the independence of the United States by Great Britain, representing the first successful war of independence against a European power. The current constitution was adopted in 1788, after the Articles of Confederation, the first ten amendments, collectively named the Bill of Rights, were ratified in 1791 and designed to guarantee many fundamental civil liberties. During the second half of the 19th century, the American Civil War led to the end of slavery in the country. By the end of century, the United States extended into the Pacific Ocean. The Spanish–American War and World War I confirmed the status as a global military power. The end of the Cold War and the dissolution of the Soviet Union in 1991 left the United States as the sole superpower. The U. S. is a member of the United Nations, World Bank, International Monetary Fund, Organization of American States. The United States is a developed country, with the worlds largest economy by nominal GDP. It ranks highly in several measures of performance, including average wage, human development, per capita GDP. While the U. S. economy is considered post-industrial, characterized by the dominance of services and knowledge economy, the United States is a prominent political and cultural force internationally, and a leader in scientific research and technological innovations. In 1507, the German cartographer Martin Waldseemüller produced a map on which he named the lands of the Western Hemisphere America after the Italian explorer and cartographer Amerigo Vespucci
9.
Bureau of Labor Statistics
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The Bureau of Labor Statistics is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U. S. government in the field of labor economics and statistics. The BLS also serves as a resource to the Department of Labor. To avoid the appearance of partiality, the dates of major releases are scheduled more than a year in advance, in coordination with the Office of Management. The Bureau of Labor was established in the Department of the Interior by the Bureau of Labor Act, June 27,1884, to information about employment. Carroll D. Wright was the first U. S and it became an independent department by the Department of Labor Act, June 13,1888. It was incorporated, as the Bureau of Labor, into the Department of Commerce and Labor by the Department of Commerce Act, finally, it was transferred to the Department of Labor in 1913 where it resides today. BLS is now headquartered in the Postal Square Building near the United States Capitol, BLS is headed by a commissioner who serves a four-year term from the date he or she takes office. William Wiatrowski, Deputy Commissioner of the BLS, is serving as Acting Commissioner until the commissioner is sworn in. Surveys, Indices, and Statistics produced by the BLS fall into 4 main categories, consumer Price Index Producer Price Index U. S. S. Middle Atlantic Division, New Jersey, New York, and Pennsylvania, South Region South Atlantic Division, Delaware, District of Columbia, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and West Virginia. East South Central Division, Alabama, Kentucky, Mississippi, West South Central Division, Arkansas, Louisiana, Oklahoma, and Texas. Midwest Region East North Central Division, Illinois, Indiana, Michigan, Ohio, West North Central Division, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. West Region Mountain Division, Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Utah, pacific Division, Alaska, California, Hawaii, Oregon, and Washington. S. Census Bureau Joseph P. Goldberg and William T. Moye, Washington, DC, U. S. Government Printing Office,1985. William J. Wiatrowski, BLS at 125, Using historic principles to track the 21st-century economy, monthly Labor Review, June 2009, pp. 3-25
10.
Current Population Survey
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The Current Population Survey is a monthly survey of about 60,000 U. S. households conducted monthly by the United States Census Bureau for the Bureau of Labor Statistics. The BLS uses the data to publish reports early each month called the Employment Situation and this report provides estimates of the unemployment rate and the numbers of employed and unemployed people in the United States based on the CPS. A readable Employment Situation Summary is provided monthly, annual estimates include employment and unemployment in large metropolitan areas. Researchers can use some CPS microdata to investigate these or other topics, the survey asks about the employment status of each member of the household 15 years of age or older as of the calendar week containing the 12th day of the month. Based on responses to questions on work and job search activities, each person 16 years and over in a household is classified as employed, unemployed. The CPS began in 1940, and responsibility for conducting the CPS was given to the Census Bureau in 1942, in 1994 the CPS was redesigned. CPS is a survey that is, employment-focused, enumerator-conducted, continuous, the BLS increased the sample size by 10,000 as of July 2001. The sample represents the civilian noninstitutional population, approximately 60,000 households are eligible for the CPS. Sample households are selected by a multistage stratified statistical sampling scheme, a household is interviewed for 4 successive months, then not interviewed for 8 months, then returned to the sample for 4 months after that. An adult member of each household provides information for all members of the household, as part of the demographic sample survey redesign, the CPS is redesigned once a decade, after the decennial census. The most recent CPS sample redesign began in April 2014, people are also counted as employed if they were temporarily absent from their jobs because of illness, bad weather, vacation, labor-management disputes, or personal reasons. The unemployment data derived from the survey in no way depend upon the eligibility for or receipt of unemployment insurance benefits. Those who are not classified as employed or unemployed are not counted as part of the labor force and these people —those who have no job and are not looking for one— are counted as not in the labor force. Many who are not in the force are going to school or are retired. Family responsibilities keep others out of the labor force, “Discouraged workers are a subset of those who are not in the labor force. As a result of research started in 1986, a complete overhaul of how the CPS was administered. In addition, marginally attached workers have sought work in the past 12 months but have not actively sought work in the past 4 weeks. Discouraged workers, a subset of the attached, have given a job-market related reason for not currently looking for a job
11.
United States Department of Labor
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The department is headed by the U. S. Secretary of Labor. In carrying out this mission, the Department of Labor administers and enforces more than 180 federal laws and these mandates and the regulations that implement them cover many workplace activities for about 10 million employers and 125 million workers. The U. S. Congress first established a Bureau of Labor Statistics in 1884 with the Bureau of Labor Act, to information about labor. This bureau was under the Department of the Interior, the Bureau started collecting economic data in 1884, and published their first report in 1886. Later, the Bureau of Labor became an independent Department of Labor and it became a bureau again within the Department of Commerce and Labor, which was established February 15,1903. President William Howard Taft signed the March 4,1913, bill establishing the Department of Labor as a Cabinet-level Department, William B. Wilson was appointed as the first Secretary of Labor on March 5,1913 by President Wilson. Secretary Wilson chaired the first meeting of the International Labour Organization in October 1919, the Federal Employees Compensation Act, signed Sept.7,1916, provided benefits to workers who are injured or contract illnesses in the workplace. Frances Perkins, the first female member, was appointed to be Secretary of Labor by President Roosevelt on March 4,1933. Perkins served for 12 years, making her the longest serving Secretary of Labor, during the John F. Kennedy Administration, planning was undertaken to consolidate most of the departments offices, then scattered around more than 20 locations. Construction on the New Labor Building began in the mid‑1960s and finished in 1975 and it was named in honor of Perkins in 1980. President Lyndon Johnson asked Congress to consider the idea of reuniting Commerce and he argued that the two departments had similar goals and that they would have more efficient channels of communication in a single department. However, Congress never acted on it, in the 1970s, following the civil rights movement, the Labor Department under Secretary George P. Shultz made a concerted effort to promote racial diversity in unions. In 1978, the Department of Labor created the Philip Arnow Award, Department officials said the program was modern and fair and that it was part of ongoing contract negotiations with the local. In August 2010, the Partnership for Public Service ranked the Department of Labor 23rd out of 31 large agencies in its annual Best Places to Work in the Federal Government list. In December 2010, then-Department of Labor Secretary Hilda Solis was named the Chair of the U. S. Interagency Council on Homelessness, in July 2011, the Department was rocked by the resignation of Ray Jefferson, Assistant Secretary for VETS, in a contracting scandal. On March 4,2013, the Department began commemorating its centennial, tom Perez was appointed as Secretary of Labor on July 23,2013. According to remarks by Perez at his swearing-in ceremony, Boiled down to its essence, did not earn a satisfactory overall grade. Title 20 of the Code of Federal Regulations Equal Employment Opportunity Commission National Labor Relations Board Occupational Information Network Ticket to Work Lombardi, labors Voice in the Cabinet, A History of the Department of Labor from Its Origins to 1921
12.
Canada
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Canada is a country in the northern half of North America. Canadas border with the United States is the worlds longest binational land border, the majority of the country has a cold or severely cold winter climate, but southerly areas are warm in summer. Canada is sparsely populated, the majority of its territory being dominated by forest and tundra. It is highly urbanized with 82 per cent of the 35.15 million people concentrated in large and medium-sized cities, One third of the population lives in the three largest cities, Toronto, Montreal and Vancouver. Its capital is Ottawa, and other urban areas include Calgary, Edmonton, Quebec City, Winnipeg. Various aboriginal peoples had inhabited what is now Canada for thousands of years prior to European colonization. Pursuant to the British North America Act, on July 1,1867, the colonies of Canada, New Brunswick and this began an accretion of provinces and territories to the mostly self-governing Dominion to the present ten provinces and three territories forming modern Canada. With the Constitution Act 1982, Canada took over authority, removing the last remaining ties of legal dependence on the Parliament of the United Kingdom. Canada is a parliamentary democracy and a constitutional monarchy, with Queen Elizabeth II being the head of state. The country is officially bilingual at the federal level and it is one of the worlds most ethnically diverse and multicultural nations, the product of large-scale immigration from many other countries. Its advanced economy is the eleventh largest in the world, relying chiefly upon its abundant natural resources, Canadas long and complex relationship with the United States has had a significant impact on its economy and culture. Canada is a country and has the tenth highest nominal per capita income globally as well as the ninth highest ranking in the Human Development Index. It ranks among the highest in international measurements of government transparency, civil liberties, quality of life, economic freedom, Canada is an influential nation in the world, primarily due to its inclusive values, years of prosperity and stability, stable economy, and efficient military. While a variety of theories have been postulated for the origins of Canada. In 1535, indigenous inhabitants of the present-day Quebec City region used the word to direct French explorer Jacques Cartier to the village of Stadacona, from the 16th to the early 18th century Canada referred to the part of New France that lay along the St. Lawrence River. In 1791, the area became two British colonies called Upper Canada and Lower Canada collectively named The Canadas, until their union as the British Province of Canada in 1841. Upon Confederation in 1867, Canada was adopted as the name for the new country at the London Conference. The transition away from the use of Dominion was formally reflected in 1982 with the passage of the Canada Act, later that year, the name of national holiday was changed from Dominion Day to Canada Day
13.
Business cycle
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The business cycle or economic cycle is the downward and upward movement of gross domestic product around its long-term growth trend. The length of a cycle is the period of time containing a single boom. These fluctuations typically involve shifts over time periods of relatively rapid economic growth, and periods of relative stagnation or decline. Business cycles are usually measured by considering the rate of real gross domestic product. Despite the often-applied term cycles, these fluctuations in economic activity do not exhibit uniform or predictable periodicity, the common or popular usage boom-and-bust cycle refers to fluctuations in which the expansion is rapid and the contraction severe. Prior to that point classical economics had either denied the existence of cycles, blamed them on external factors, notably war. Sismondi found vindication in the Panic of 1825, which was the first unarguably international economic crisis and they advocated government intervention and socialism, respectively, as the solution. He devoted hundreds of pages of Das Kapital to crises, in Progress and Poverty, Henry George focused on lands role in crises – particularly land speculation – and proposed a single tax on land as a solution. In 1860 French economist Clement Juglar first identified economic cycles 7 to 11 years long, interest in the different typologies of cycles has waned since the development of modern macroeconomics, which gives little support to the idea of regular periodic cycles. There were great increases in productivity, industrial production and real per capita product throughout the period from 1870 to 1890 that included the Long Depression, there were also significant increases in productivity in the years leading up to the Great Depression. Both the Long and Great Depressions were characterized by overcapacity and market saturation, the effect of technological progress can be seen by the purchasing power of an average hours work, which has grown from $3 in 1900 to $22 in 1990, measured in 2010 dollars. There were similar increases in wages during the 19th century. See Financial crisis, 19th century for listing and details, the first of these crises not associated with a war was the Panic of 1825. Business cycles in OECD countries after World War II were generally more restrained than the business cycles. This was particularly true during the Golden Age of Capitalism, in this period, the economic cycle – at least the problem of depressions – was twice declared dead. The first declaration was in the late 1960s, when the Phillips curve was seen as being able to steer the economy, however, this was followed by stagflation in the 1970s, which discredited the theory. The second declaration was in the early 2000s, following the stability, notably, in 2003, Robert Lucas, in his presidential address to the American Economic Association, declared that the central problem of depression-prevention been solved, for all practical purposes. Unfortunately, this was followed by the 2008–2012 global recession, various regions have experienced prolonged depressions, most dramatically the economic crisis in former Eastern Bloc countries following the end of the Soviet Union in 1991
14.
Economist
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An economist is a practitioner in the social science discipline of economics. The individual may also study, develop, and apply theories and concepts from economics and write about economic policy. A generally accepted interpretation in academia is that an economist is one who has attained a Ph. D. in economics, teaches economic science, the professionalization of economics, reflected in academia, has been described as the main change in economics since around 1900. Economists debate the path they believe their profession should take, surveys among economists indicate a preference for a shift toward the latter. Most major universities have a faculty, school or department. However, many prominent economists come from a background in mathematics, business, political science, law, sociology, getting a PhD in economics takes six years, on average, with a median of 5.3 years. The Nobel Memorial Prize in Economics, established by Sveriges Riksbank in 1968, is a prize awarded to each year for outstanding intellectual contributions in the field of economics. The prize winners are announced in October every year and they receive their awards on December 10, the anniversary of Alfred Nobels death. In contrast to regulated professions such as engineering, law or medicine, in academia, to be called an economist requires a Ph. D. degree in Economics. A professional working inside of one of many fields of economics or having a degree in this subject is often considered to be an economist. In addition to government and academia, economists are employed in banking, finance, accountancy, commerce, marketing, business administration, lobbying. Politicians often consult economists before enacting economic policy, many statesmen have academic degrees in economics. Economics graduates are employable in varying degrees depending on the regional economic scenario, small numbers go on to undertake postgraduate studies, either in economics, research, teacher training or further qualifications in specialist areas. Nearly 135 colleges and universities grant around 900 new Ph. D. s every year, incomes are highest for those in the private sector, followed by the federal government, with academia paying the lowest incomes. As of January 2013, PayScale. com showed Ph. D. economists salary ranges as follows, all Ph. D. economists, $61,000 to $160,000, Ph. D. The largest single grouping of economists in the UK are the more than 1000 members of the Government Economic Service. This figure compares very favourably with the picture, with 64 percent of economics graduates in employment. Some current well-known economists include, Ben Bernanke, Chairman of the Federal Reserve from 2006 to 2014, milton Friedman, Nobel Memorial Prize in Economic Sciences laureate in Economics
15.
Belgium
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Belgium, officially the Kingdom of Belgium, is a sovereign state in Western Europe bordered by France, the Netherlands, Germany, Luxembourg, and the North Sea. It is a small, densely populated country which covers an area of 30,528 square kilometres and has a population of about 11 million people. Additionally, there is a group of German-speakers who live in the East Cantons located around the High Fens area. Historically, Belgium, the Netherlands and Luxembourg were known as the Low Countries, the region was called Belgica in Latin, after the Roman province of Gallia Belgica. From the end of the Middle Ages until the 17th century, today, Belgium is a federal constitutional monarchy with a parliamentary system of governance. It is divided into three regions and three communities, that exist next to each other and its two largest regions are the Dutch-speaking region of Flanders in the north and the French-speaking southern region of Wallonia. The Brussels-Capital Region is a bilingual enclave within the Flemish Region. A German-speaking Community exists in eastern Wallonia, Belgiums linguistic diversity and related political conflicts are reflected in its political history and complex system of governance, made up of six different governments. Upon its independence, declared in 1830, Belgium participated in the Industrial Revolution and, during the course of the 20th century, possessed a number of colonies in Africa. This continuing antagonism has led to several far-reaching reforms, resulting in a transition from a unitary to a federal arrangement during the period from 1970 to 1993. Belgium is also a member of the Eurozone, NATO, OECD and WTO. Its capital, Brussels, hosts several of the EUs official seats as well as the headquarters of major international organizations such as NATO. Belgium is also a part of the Schengen Area, Belgium is a developed country, with an advanced high-income economy and is categorized as very high in the Human Development Index. A gradual immigration by Germanic Frankish tribes during the 5th century brought the area under the rule of the Merovingian kings, a gradual shift of power during the 8th century led the kingdom of the Franks to evolve into the Carolingian Empire. Many of these fiefdoms were united in the Burgundian Netherlands of the 14th and 15th centuries, the Eighty Years War divided the Low Countries into the northern United Provinces and the Southern Netherlands. The latter were ruled successively by the Spanish and the Austrian Habsburgs and this was the theatre of most Franco-Spanish and Franco-Austrian wars during the 17th and 18th centuries. The reunification of the Low Countries as the United Kingdom of the Netherlands occurred at the dissolution of the First French Empire in 1815, although the franchise was initially restricted, universal suffrage for men was introduced after the general strike of 1893 and for women in 1949. The main political parties of the 19th century were the Catholic Party, French was originally the single official language adopted by the nobility and the bourgeoisie
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Bulgaria
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Bulgaria, officially the Republic of Bulgaria, is a country in southeastern Europe. It is bordered by Romania to the north, Serbia and Macedonia to the west, Greece and Turkey to the south, with a territory of 110,994 square kilometres, Bulgaria is Europes 16th-largest country. Organised prehistoric cultures began developing on current Bulgarian lands during the Neolithic period and its ancient history saw the presence of the Thracians, Greeks, Persians, Celts, Romans, Goths, Alans and Huns. With the downfall of the Second Bulgarian Empire in 1396, its territories came under Ottoman rule for five centuries. The Russo-Turkish War of 1877–78 led to the formation of the Third Bulgarian State, the following years saw several conflicts with its neighbours, which prompted Bulgaria to align with Germany in both world wars. In 1946 it became a one-party socialist state as part of the Soviet-led Eastern Bloc, in December 1989 the ruling Communist Party allowed multi-party elections, which subsequently led to Bulgarias transition into a democracy and a market-based economy. Bulgarias population of 7.2 million people is predominantly urbanised, most commercial and cultural activities are centred on the capital and largest city, Sofia. The strongest sectors of the economy are industry, power engineering. The countrys current political structure dates to the adoption of a constitution in 1991. Bulgaria is a parliamentary republic with a high degree of political, administrative. Human activity in the lands of modern Bulgaria can be traced back to the Paleolithic, animal bones incised with man-made markings from Kozarnika cave are assumed to be the earliest examples of symbolic behaviour in humans. Organised prehistoric societies in Bulgarian lands include the Neolithic Hamangia culture, Vinča culture, the latter is credited with inventing gold working and exploitation. Some of these first gold smelters produced the coins, weapons and jewellery of the Varna Necropolis treasure and this site also offers insights for understanding the social hierarchy of the earliest European societies. Thracians, one of the three primary groups of modern Bulgarians, began appearing in the region during the Iron Age. In the late 6th century BC, the Persians conquered most of present-day Bulgaria, and kept it until 479 BC. After the division of the Roman Empire in the 5th century the area fell under Byzantine control, by this time, Christianity had already spread in the region. A small Gothic community in Nicopolis ad Istrum produced the first Germanic language book in the 4th century, the first Christian monastery in Europe was established around the same time by Saint Athanasius in central Bulgaria. From the 6th century the easternmost South Slavs gradually settled in the region, in 680 Bulgar tribes under the leadership of Asparukh moved south across the Danube and settled in the area between the lower Danube and the Balkan, establishing their capital at Pliska
17.
Czech Republic
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The Czech Republic, also known as Czechia, is a nation state in Central Europe bordered by Germany to the west, Austria to the south, Slovakia to the east and Poland to the northeast. The Czech Republic covers an area of 78,866 square kilometres with mostly temperate continental climate and it is a unitary parliamentary republic, has 10.5 million inhabitants and the capital and largest city is Prague, with over 1.2 million residents. The Czech Republic includes the territories of Bohemia, Moravia. The Czech state was formed in the late 9th century as the Duchy of Bohemia under the Great Moravian Empire, after the fall of the Empire in 907, the centre of power transferred from Moravia to Bohemia under the Přemyslid dynasty. In 1002, the duchy was formally recognized as part of the Holy Roman Empire, becoming the Kingdom of Bohemia in 1198 and reaching its greatest territorial extent in the 14th century. Following the Battle of Mohács in 1526, the whole Crown of Bohemia was gradually integrated into the Habsburg Monarchy alongside the Archduchy of Austria, the Protestant Bohemian Revolt against the Catholic Habsburgs led to the Thirty Years War. After the Battle of the White Mountain, the Habsburgs consolidated their rule, reimposed Roman Catholicism, the Czech part of Czechoslovakia was occupied by Germany in World War II, and was liberated in 1945 by the armies of the Soviet Union and the United States. The Czech country lost the majority of its German-speaking inhabitants after they were expelled following the war, the Communist Party of Czechoslovakia won the 1946 elections. Following the 1948 coup détat, Czechoslovakia became a one-party communist state under Soviet influence, in 1968, increasing dissatisfaction with the regime culminated in a reform movement known as the Prague Spring, which ended in a Soviet-led invasion. Czechoslovakia remained occupied until the 1989 Velvet Revolution, when the communist regime collapsed, on 6 March 1990, the Czech Socialistic Republic was renamed to the Czech Republic. On 1 January 1993, Czechoslovakia peacefully dissolved, with its constituent states becoming the independent states of the Czech Republic and the Slovak Republic. The Czech Republic joined NATO in 1999 and the European Union in 2004, it is a member of the United Nations, the OECD, the OSCE, and it is a developed country with an advanced, high income economy and high living standards. The UNDP ranks the country 14th in inequality-adjusted human development, the Czech Republic also ranks as the 6th most peaceful country, while achieving strong performance in democratic governance. It has the lowest unemployment rate in the European Union, the traditional English name Bohemia derives from Latin Boiohaemum, which means home of the Boii. The current name comes from the endonym Čech, spelled Cžech until the reform in 1842. The name comes from the Slavic tribe and, according to legend, their leader Čech, the etymology of the word Čech can be traced back to the Proto-Slavic root *čel-, meaning member of the people, kinsman, thus making it cognate to the Czech word člověk. The country has traditionally divided into three lands, namely Bohemia in the west, Moravia in the southeast, and Czech Silesia in the northeast. Following the dissolution of Czechoslovakia at the end of 1992, the Czech part of the former nation found itself without a common single-word geographical name in English, the name Czechia /ˈtʃɛkiə/ was recommended by the Czech Ministry of Foreign Affairs
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Denmark
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The term Danish Realm refers to the relationship between Denmark proper, the Faroe Islands and Greenland—three countries constituting the Kingdom of Denmark. The legal nature of the Kingdom of Denmark is fundamentally one of a sovereign state. The Faroe Islands and Greenland have been part of the Crown of Denmark since 1397 when the Kalmar Union was ratified, legal matters in The Danish Realm are subject to the Danish Constitution. Beginning in 1953, state law issues within The Danish Realm has been governed by The Unity of the Realm, a less formal name for The Unity of the Realm is the Commonwealth of the Realm. In 1978, The Unity of The Realm was for the first time referred to as rigsfællesskabet. The name caught on and since the 1990s, both The Unity of The Realm and The Danish Realm itself has increasingly been referred to as simply rigsfællesskabet in daily parlance. The Danish Constitution stipulates that the foreign and security interests for all parts of the Danish Realm are the responsibility of the Danish government, the Faroes received home rule in 1948 and Greenland did so in 1979. In 2005, the Faroes received a self-government arrangement, and in 2009 Greenland received self rule, the Danish Realms unique state of internal affairs is acted out in the principle of The Unity of the Realm. This principle is derived from Article 1 of the Danish Constitution which specifies that constitutional law applies equally to all areas of the Danish Realm, the Constitutional Act specifies that sovereignty is to continue to be exclusively with the authorities of the Realm. The language of Denmark is Danish, and the Danish state authorities are based in Denmark, the Kingdom of Denmarks parliament, with its 179 members, is located in the capital, Copenhagen. Two of the members are elected in each of Greenland and the Faroe Islands. The Government ministries are located in Copenhagen, as is the highest court, in principle, the Danish Realm constitutes a unified sovereign state, with equal status between its constituent parts. Devolution differs from federalism in that the powers of the subnational authority ultimately reside in central government. The Self-Government Arrangements devolves political competence and responsibility from the Danish political authorities to the Faroese, the Faroese and Greenlandic authorities administer the tasks taken over from the state, enact legislation in these specific fields and have the economic responsibility for solving these tasks. The Danish government provides a grant to the Faroese and the Greenlandic authorities to cover the costs of these devolved areas. The 1948 Home Rule Act of the Faroe Islands sets out the terms of Faroese home rule, the Act states. the Faroe Islands shall constitute a self-governing community within the State of Denmark. It establishes the government of the Faroe Islands and the Faroese parliament. The Faroe Islands were previously administered as a Danish county, the Home Rule Act abolished the post of Amtmand and these powers were expanded in a 2005 Act, which named the Faroese home government as an equal partner with the Danish government
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Germany
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Germany, officially the Federal Republic of Germany, is a federal parliamentary republic in central-western Europe. It includes 16 constituent states, covers an area of 357,021 square kilometres, with about 82 million inhabitants, Germany is the most populous member state of the European Union. After the United States, it is the second most popular destination in the world. Germanys capital and largest metropolis is Berlin, while its largest conurbation is the Ruhr, other major cities include Hamburg, Munich, Cologne, Frankfurt, Stuttgart, Düsseldorf and Leipzig. Various Germanic tribes have inhabited the northern parts of modern Germany since classical antiquity, a region named Germania was documented before 100 AD. During the Migration Period the Germanic tribes expanded southward, beginning in the 10th century, German territories formed a central part of the Holy Roman Empire. During the 16th century, northern German regions became the centre of the Protestant Reformation, in 1871, Germany became a nation state when most of the German states unified into the Prussian-dominated German Empire. After World War I and the German Revolution of 1918–1919, the Empire was replaced by the parliamentary Weimar Republic, the establishment of the national socialist dictatorship in 1933 led to World War II and the Holocaust. After a period of Allied occupation, two German states were founded, the Federal Republic of Germany and the German Democratic Republic, in 1990, the country was reunified. In the 21st century, Germany is a power and has the worlds fourth-largest economy by nominal GDP. As a global leader in industrial and technological sectors, it is both the worlds third-largest exporter and importer of goods. Germany is a country with a very high standard of living sustained by a skilled. It upholds a social security and universal health system, environmental protection. Germany was a member of the European Economic Community in 1957. It is part of the Schengen Area, and became a co-founder of the Eurozone in 1999, Germany is a member of the United Nations, NATO, the G8, the G20, and the OECD. The national military expenditure is the 9th highest in the world, the English word Germany derives from the Latin Germania, which came into use after Julius Caesar adopted it for the peoples east of the Rhine. This in turn descends from Proto-Germanic *þiudiskaz popular, derived from *þeudō, descended from Proto-Indo-European *tewtéh₂- people, the discovery of the Mauer 1 mandible shows that ancient humans were present in Germany at least 600,000 years ago. The oldest complete hunting weapons found anywhere in the world were discovered in a mine in Schöningen where three 380, 000-year-old wooden javelins were unearthed
20.
Estonia
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Estonia, officially the Republic of Estonia, is a country in the Baltic region of Northern Europe. It is bordered to the north by the Gulf of Finland, to the west by the Baltic Sea, to the south by Latvia, across the Baltic Sea lies Sweden in the west and Finland in the north. The territory of Estonia consists of a mainland and 2,222 islands and islets in the Baltic Sea, covering 45,339 km2 of land and water, and is influenced by a humid continental climate. The territory of Estonia has been inhabited since at least 6500 BC, in 1988, during the Singing Revolution, the Estonian Supreme Soviet issued the Estonian Sovereignty Declaration in defiance of Soviet rule, and independence was restored on 20 August 1991. Estonia is a parliamentary republic divided into fifteen counties. Its capital and largest city is Tallinn, with a population of 1.3 million, it is one of the least-populous member states of the European Union, Eurozone, North Atlantic Treaty Organization, OECD and Schengen Area. Estonia is a country with an advanced, high-income economy that is among the fastest growing in the EU. Its Human Development Index ranks very highly, and it performs favourably in measurements of economic freedom, civil liberties, the 2015 PISA test places Estonian high school students 3rd in the world, behind Singapore and Japan. Citizens of Estonia are provided with health care, free education. Since independence the country has developed its IT sector, becoming one of the worlds most digitally advanced societies. In 2005 Estonia became the first nation to hold elections over the Internet, in the Estonian language, the oldest known endonym of the Estonians was maarahvas, meaning country people or people of the land. The land inhabited by Estonians was called Maavald meaning Country Parish or Land Parish, one hypothesis regarding the modern name of Estonia is that it originated from the Aesti, a people described by the Roman historian Tacitus in his Germania. The historic Aesti were allegedly Baltic people, whereas the modern Estonians are Finno-Ugric, the geographical areas between Aesti and Estonia do not match, with Aesti being further down south. Ancient Scandinavian sagas refer to a land called Eistland, as the country is called in Icelandic. Early Latin and other ancient versions of the name are Estia and Hestia, esthonia was a common alternative English spelling prior to 1921. Human settlement in Estonia became possible 13,000 to 11,000 years ago, the oldest known settlement in Estonia is the Pulli settlement, which was on the banks of the river Pärnu, near the town of Sindi, in south-western Estonia. According to radiocarbon dating it was settled around 11,000 years ago, the earliest human inhabitation during the Mesolithic period is connected to Kunda culture, which is named after the town of Kunda in northern Estonia. At that time the country was covered with forests, and people lived in communities near bodies of water
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Republic of Ireland
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Ireland, also known as the Republic of Ireland, is a sovereign state in north-western Europe occupying about five-sixths of the island of Ireland. The capital and largest city is Dublin, which is located on the part of the island. The state shares its land border with Northern Ireland, a part of the United Kingdom. It is otherwise surrounded by the Atlantic Ocean, with the Celtic Sea to the south, Saint Georges Channel to the south-east, and it is a unitary, parliamentary republic. The head of government is the Taoiseach, who is elected by the Dáil and appointed by the President, the state was created as the Irish Free State in 1922 as a result of the Anglo-Irish Treaty. It was officially declared a republic in 1949, following the Republic of Ireland Act 1948, Ireland became a member of the United Nations in December 1955. It joined the European Economic Community, the predecessor of the European Union, after joining the EEC, Ireland enacted a series of liberal economic policies that resulted in rapid economic growth. The country achieved considerable prosperity between the years of 1995 and 2007, which known as the Celtic Tiger period. This was halted by a financial crisis that began in 2008. However, as the Irish economy was the fastest growing in the EU in 2015, Ireland is again quickly ascending league tables comparing wealth and prosperity internationally. For example, in 2015, Ireland was ranked as the joint sixth most developed country in the world by the United Nations Human Development Index and it also performs well in several national performance metrics, including freedom of the press, economic freedom and civil liberties. Ireland is a member of the European Union and is a member of the Council of Europe. The 1922 state, comprising 26 of the 32 counties of Ireland, was styled, the Constitution of Ireland, adopted in 1937, provides that the name of the State is Éire, or, in the English language, Ireland. Section 2 of the Republic of Ireland Act 1948 states, It is hereby declared that the description of the State shall be the Republic of Ireland. The 1948 Act does not name the state as Republic of Ireland, because to have done so would have put it in conflict with the Constitution. The government of the United Kingdom used the name Eire, and, from 1949, Republic of Ireland, for the state, as well as Ireland, Éire or the Republic of Ireland, the state is also referred to as the Republic, Southern Ireland or the South. In an Irish republican context it is referred to as the Free State or the 26 Counties. From the Act of Union on 1 January 1801, until 6 December 1922, during the Great Famine, from 1845 to 1849, the islands population of over 8 million fell by 30%
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Greece
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Greece, officially the Hellenic Republic, historically also known as Hellas, is a country in southeastern Europe, with a population of approximately 11 million as of 2015. Athens is the capital and largest city, followed by Thessaloniki. Greece is strategically located at the crossroads of Europe, Asia, situated on the southern tip of the Balkan peninsula, it shares land borders with Albania to the northwest, the Republic of Macedonia and Bulgaria to the north, and Turkey to the northeast. Greece consists of nine regions, Macedonia, Central Greece, the Peloponnese, Thessaly, Epirus, the Aegean Islands, Thrace, Crete. The Aegean Sea lies to the east of the mainland, the Ionian Sea to the west, the Cretan Sea and the Mediterranean Sea to the south. Greece has the longest coastline on the Mediterranean Basin and the 11th longest coastline in the world at 13,676 km in length, featuring a vast number of islands, eighty percent of Greece is mountainous, with Mount Olympus being the highest peak at 2,918 metres. From the eighth century BC, the Greeks were organised into various independent city-states, known as polis, which spanned the entire Mediterranean region and the Black Sea. Greece was annexed by Rome in the second century BC, becoming a part of the Roman Empire and its successor. The Greek Orthodox Church also shaped modern Greek identity and transmitted Greek traditions to the wider Orthodox World, falling under Ottoman dominion in the mid-15th century, the modern nation state of Greece emerged in 1830 following a war of independence. Greeces rich historical legacy is reflected by its 18 UNESCO World Heritage Sites, among the most in Europe, Greece is a democratic and developed country with an advanced high-income economy, a high quality of life, and a very high standard of living. A founding member of the United Nations, Greece was the member to join the European Communities and has been part of the Eurozone since 2001. Greeces unique cultural heritage, large industry, prominent shipping sector. It is the largest economy in the Balkans, where it is an important regional investor, the names for the nation of Greece and the Greek people differ from the names used in other languages, locations and cultures. The earliest evidence of the presence of human ancestors in the southern Balkans, dated to 270,000 BC, is to be found in the Petralona cave, all three stages of the stone age are represented in Greece, for example in the Franchthi Cave. Neolithic settlements in Greece, dating from the 7th millennium BC, are the oldest in Europe by several centuries and these civilizations possessed writing, the Minoans writing in an undeciphered script known as Linear A, and the Mycenaeans in Linear B, an early form of Greek. The Mycenaeans gradually absorbed the Minoans, but collapsed violently around 1200 BC and this ushered in a period known as the Greek Dark Ages, from which written records are absent. The end of the Dark Ages is traditionally dated to 776 BC, the Iliad and the Odyssey, the foundational texts of Western literature, are believed to have been composed by Homer in the 7th or 8th centuries BC. With the end of the Dark Ages, there emerged various kingdoms and city-states across the Greek peninsula, in 508 BC, Cleisthenes instituted the worlds first democratic system of government in Athens
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Spain
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By population, Spain is the sixth largest in Europe and the fifth in the European Union. Spains capital and largest city is Madrid, other urban areas include Barcelona, Valencia, Seville, Bilbao. Modern humans first arrived in the Iberian Peninsula around 35,000 years ago, in the Middle Ages, the area was conquered by Germanic tribes and later by the Moors. Spain is a democracy organised in the form of a government under a constitutional monarchy. It is a power and a major developed country with the worlds fourteenth largest economy by nominal GDP. Jesús Luis Cunchillos argues that the root of the span is the Phoenician word spy. Therefore, i-spn-ya would mean the land where metals are forged, two 15th-century Spanish Jewish scholars, Don Isaac Abravanel and Solomon ibn Verga, gave an explanation now considered folkloric. Both men wrote in two different published works that the first Jews to reach Spain were brought by ship by Phiros who was confederate with the king of Babylon when he laid siege to Jerusalem. This man was a Grecian by birth, but who had given a kingdom in Spain. He became related by marriage to Espan, the nephew of king Heracles, Heracles later renounced his throne in preference for his native Greece, leaving his kingdom to his nephew, Espan, from whom the country of España took its name. Based upon their testimonies, this eponym would have already been in use in Spain by c.350 BCE, Iberia enters written records as a land populated largely by the Iberians, Basques and Celts. Early on its coastal areas were settled by Phoenicians who founded Western Europe´s most ancient cities Cadiz, Phoenician influence expanded as much of the Peninsula was eventually incorporated into the Carthaginian Empire, becoming a major theater of the Punic Wars against the expanding Roman Empire. After an arduous conquest, the peninsula came fully under Roman Rule, during the early Middle Ages it came under Germanic rule but later, much of it was conquered by Moorish invaders from North Africa. In a process took centuries, the small Christian kingdoms in the north gradually regained control of the peninsula. The last Moorish kingdom fell in the same year Columbus reached the Americas, a global empire began which saw Spain become the strongest kingdom in Europe, the leading world power for a century and a half, and the largest overseas empire for three centuries. Continued wars and other problems led to a diminished status. The Napoleonic invasions of Spain led to chaos, triggering independence movements that tore apart most of the empire, eventually democracy was peacefully restored in the form of a parliamentary constitutional monarchy. Spain joined the European Union, experiencing a renaissance and steady economic growth
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France
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France, officially the French Republic, is a country with territory in western Europe and several overseas regions and territories. The European, or metropolitan, area of France extends from the Mediterranean Sea to the English Channel and the North Sea, Overseas France include French Guiana on the South American continent and several island territories in the Atlantic, Pacific and Indian oceans. France spans 643,801 square kilometres and had a population of almost 67 million people as of January 2017. It is a unitary republic with the capital in Paris. Other major urban centres include Marseille, Lyon, Lille, Nice, Toulouse, during the Iron Age, what is now metropolitan France was inhabited by the Gauls, a Celtic people. The area was annexed in 51 BC by Rome, which held Gaul until 486, France emerged as a major European power in the Late Middle Ages, with its victory in the Hundred Years War strengthening state-building and political centralisation. During the Renaissance, French culture flourished and a colonial empire was established. The 16th century was dominated by civil wars between Catholics and Protestants. France became Europes dominant cultural, political, and military power under Louis XIV, in the 19th century Napoleon took power and established the First French Empire, whose subsequent Napoleonic Wars shaped the course of continental Europe. Following the collapse of the Empire, France endured a succession of governments culminating with the establishment of the French Third Republic in 1870. Following liberation in 1944, a Fourth Republic was established and later dissolved in the course of the Algerian War, the Fifth Republic, led by Charles de Gaulle, was formed in 1958 and remains to this day. Algeria and nearly all the colonies became independent in the 1960s with minimal controversy and typically retained close economic. France has long been a centre of art, science. It hosts Europes fourth-largest number of cultural UNESCO World Heritage Sites and receives around 83 million foreign tourists annually, France is a developed country with the worlds sixth-largest economy by nominal GDP and ninth-largest by purchasing power parity. In terms of household wealth, it ranks fourth in the world. France performs well in international rankings of education, health care, life expectancy, France remains a great power in the world, being one of the five permanent members of the United Nations Security Council with the power to veto and an official nuclear-weapon state. It is a member state of the European Union and the Eurozone. It is also a member of the Group of 7, North Atlantic Treaty Organization, Organisation for Economic Co-operation and Development, the World Trade Organization, originally applied to the whole Frankish Empire, the name France comes from the Latin Francia, or country of the Franks
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Italy
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Italy, officially the Italian Republic, is a unitary parliamentary republic in Europe. Located in the heart of the Mediterranean Sea, Italy shares open land borders with France, Switzerland, Austria, Slovenia, San Marino, Italy covers an area of 301,338 km2 and has a largely temperate seasonal climate and Mediterranean climate. Due to its shape, it is referred to in Italy as lo Stivale. With 61 million inhabitants, it is the fourth most populous EU member state, the Italic tribe known as the Latins formed the Roman Kingdom, which eventually became a republic that conquered and assimilated other nearby civilisations. The legacy of the Roman Empire is widespread and can be observed in the distribution of civilian law, republican governments, Christianity. The Renaissance began in Italy and spread to the rest of Europe, bringing a renewed interest in humanism, science, exploration, Italian culture flourished at this time, producing famous scholars, artists and polymaths such as Leonardo da Vinci, Galileo, Michelangelo and Machiavelli. The weakened sovereigns soon fell victim to conquest by European powers such as France, Spain and Austria. Despite being one of the victors in World War I, Italy entered a period of economic crisis and social turmoil. The subsequent participation in World War II on the Axis side ended in defeat, economic destruction. Today, Italy has the third largest economy in the Eurozone and it has a very high level of human development and is ranked sixth in the world for life expectancy. The country plays a prominent role in regional and global economic, military, cultural and diplomatic affairs, as a reflection of its cultural wealth, Italy is home to 51 World Heritage Sites, the most in the world, and is the fifth most visited country. The assumptions on the etymology of the name Italia are very numerous, according to one of the more common explanations, the term Italia, from Latin, Italia, was borrowed through Greek from the Oscan Víteliú, meaning land of young cattle. The bull was a symbol of the southern Italic tribes and was often depicted goring the Roman wolf as a defiant symbol of free Italy during the Social War. Greek historian Dionysius of Halicarnassus states this account together with the legend that Italy was named after Italus, mentioned also by Aristotle and Thucydides. The name Italia originally applied only to a part of what is now Southern Italy – according to Antiochus of Syracuse, but by his time Oenotria and Italy had become synonymous, and the name also applied to most of Lucania as well. The Greeks gradually came to apply the name Italia to a larger region, excavations throughout Italy revealed a Neanderthal presence dating back to the Palaeolithic period, some 200,000 years ago, modern Humans arrived about 40,000 years ago. Other ancient Italian peoples of undetermined language families but of possible origins include the Rhaetian people and Cammuni. Also the Phoenicians established colonies on the coasts of Sardinia and Sicily, the Roman legacy has deeply influenced the Western civilisation, shaping most of the modern world
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Cyprus
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Cyprus, officially the Republic of Cyprus, is an island country in the Eastern Mediterranean and the third largest and third most populous island in the Mediterranean. It is located south of Turkey, west of Syria and Lebanon, northwest of Israel and Palestine, north of Egypt, the earliest known human activity on the island dates to around the 10th millennium BC. Archaeological remains from this include the well-preserved Neolithic village of Khirokitia. Cyprus was settled by Mycenaean Greeks in two waves in the 2nd millennium BC, Cyprus was placed under British administration based on Cyprus Convention in 1878 and formally annexed by Britain in 1914. While Turkish Cypriots made up 18% of the population, the partition of Cyprus and creation of a Turkish state in the north became a policy of Turkish Cypriot leaders, following nationalist violence in the 1950s, Cyprus was granted independence in 1960. On 15 July 1974, a coup détat was staged by Greek Cypriot nationalists and elements of the Greek military junta in an attempt at enosis and these events and the resulting political situation are matters of a continuing dispute. The Cyprus Republic has de jure sovereignty over the island of Cyprus, as well as its territorial sea and exclusive economic area, another nearly 4% of the islands area is covered by the UN buffer zone. The international community considers the part of the island as territory of the Republic of Cyprus occupied by Turkish forces. The occupation is viewed as illegal under law, amounting to illegal occupation of EU territory since Cyprus became a member of the European Union. Cyprus is a major tourist destination in the Mediterranean, on 1 January 2008, the Republic of Cyprus joined the eurozone. The earliest attested reference to Cyprus is the 15th century BC Mycenaean Greek
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Latvia
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Latvia, officially the Republic of Latvia, is a country in the Baltic region of Northern Europe, one of the three Baltic states. It is bordered by Estonia to the north, Lithuania to the south, Russia to the east, Latvia has 1,957,200 inhabitants and a territory of 64,589 km2. The country has a seasonal climate. Latvia is a parliamentary republic established in 1918. The capital city is Riga, the European Capital of Culture 2014, Latvia is a unitary state, divided into 119 administrative divisions, of which 110 are municipalities and 9 are cities. Latvians and Livs are the people of Latvia. Latvian and Lithuanian are the two surviving Baltic languages. Despite foreign rule from the 13th to 20th centuries, the Latvian nation maintained its identity throughout the generations via the language, Latvia and Estonia share a long common history. Until World War II, Latvia also had significant minorities of ethnic Germans, Latvia is historically predominantly Protestant Lutheran, except for the Latgale region in the southeast, which has historically been predominantly Roman Catholic. The Russian population has brought a significant portion of Eastern Orthodox Christians. The Republic of Latvia was founded on 18 November 1918, however, its de facto independence was interrupted at the outset of World War II. The peaceful Singing Revolution, starting in 1987, called for Baltic emancipation of Soviet rule and it ended with the Declaration on the Restoration of Independence of the Republic of Latvia on 4 May 1990, and restoring de facto independence on 21 August 1991. Latvia is a democratic and developed country and member of the European Union, NATO, the Council of Europe, the United Nations, CBSS, the IMF, NB8, NIB, OECD, OSCE, and WTO. For 2014, Latvia was listed 46th on the Human Development Index and it used the Latvian lats as its currency until it was replaced by the euro on 1 January 2014. The name Latvija is derived from the name of the ancient Latgalians, one of four Indo-European Baltic tribes, henry of Latvia coined the Latinisations of the countrys name, Lettigallia and Lethia, both derived from the Latgalians. The terms inspired the variations on the name in Romance languages from Letonia. Around 3000 BC, the ancestors of the Latvian people settled on the eastern coast of the Baltic Sea. The Balts established trade routes to Rome and Byzantium, trading local amber for precious metals, by 900 AD, four distinct Baltic tribes inhabited Latvia, Curonians, Latgalians, Selonians, Semigallians, as well as the Livonians speaking a Finnic language
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Lithuania
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Lithuania, officially the Republic of Lithuania, is a country in Northern Europe. One of the three Baltic states, it is situated along the shore of the Baltic Sea, to the east of Sweden. It is bordered by Latvia to the north, Belarus to the east and south, Poland to the south, Lithuania has an estimated population of 2.9 million people as of 2015, and its capital and largest city is Vilnius. The official language, Lithuanian, along with Latvian, is one of two living languages in the Baltic branch of the Indo-European language family. For centuries, the shores of the Baltic Sea were inhabited by various Baltic tribes. In the 1230s, the Lithuanian lands were united by Mindaugas, the King of Lithuania, and the first unified Lithuanian state, with the Lublin Union of 1569, Lithuania and Poland formed a voluntary two-state union, the Polish–Lithuanian Commonwealth. The Commonwealth lasted more than two centuries, until neighboring countries systematically dismantled it from 1772–95, with the Russian Empire annexing most of Lithuanias territory. As World War I neared its end, Lithuanias Act of Independence was signed on 16 February 1918, in the midst of the Second World War, Lithuania was first occupied by the Soviet Union and then by Nazi Germany. As World War II neared its end and the Germans retreated, Lithuania is a member of the European Union, the Council of Europe, a full member of the Eurozone, Schengen Agreement and NATO. It is also a member of the Nordic Investment Bank, the United Nations Human Development Index lists Lithuania as a very high human development country. Lithuania has been among the fastest growing economies in the European Union and is ranked 21st in the world in the Ease of Doing Business Index, the first people settled in the territory of Lithuania after the last glacial period in the 10th millennium BC. Over a millennium, the Indo-Europeans, who arrived in the 3rd – 2nd millennium BC, mixed with the local population, the first written mention of Lithuania is found in a medieval German manuscript, the Annals of Quedlinburg, in an entry dated 9 March 1009. Initially inhabited by fragmented Baltic tribes, in the 1230s the Lithuanian lands were united by Mindaugas, after his assassination in 1263, pagan Lithuania was a target of the Christian crusades of the Teutonic Knights and the Livonian Order. Despite the devastating century-long struggle with the Orders, the Grand Duchy of Lithuania expanded rapidly, by the end of the 14th century, Lithuania was one of the largest countries in Europe and included present-day Belarus, Ukraine, and parts of Poland and Russia. The geopolitical situation between the west and the east determined the multicultural and multi-confessional character of the Grand Duchy of Lithuania, the ruling elite practised religious tolerance and Chancery Slavonic language was used as an auxiliary language to the Latin for official documents. In 1385, the Grand Duke Jogaila accepted Polands offer to become its king, Jogaila embarked on gradual Christianization of Lithuania and established a personal union between Poland and Lithuania. It implied that Lithuania, the fiercely independent land, was one of the last pagan areas of Europe to adopt Christianity, after two civil wars, Vytautas the Great became the Grand Duke of Lithuania in 1392. During his reign, Lithuania reached the peak of its expansion, centralization of the state began
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Luxembourg
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Luxembourg /ˈlʌksəmbɜːrɡ/, officially the Grand Duchy of Luxembourg, is a landlocked country in western Europe. It is bordered by Belgium to the west and north, Germany to the east and its culture, people and languages are highly intertwined with its neighbours, making it essentially a mixture of French and Germanic cultures. It comprises two regions, the Oesling in the north as part of the Ardennes massif. With an area of 2,586 square kilometres, it is one of the smallest sovereign states in Europe, Luxembourg had a population of 524,853 in October 2012, ranking it the 8th least-populous country in Europe. As a representative democracy with a monarch, it is headed by a Grand Duke, Henri, Grand Duke of Luxembourg. Luxembourg is a country, with an advanced economy and the worlds highest GDP per capita. Luxembourg is a member of the European Union, OECD, United Nations, NATO, and Benelux, reflecting its political consensus in favour of economic, political. The city of Luxembourg, which is the capital and largest city, is the seat of several institutions. Luxembourg served on the United Nations Security Council for the years 2013 and 2014, around this fort, a town gradually developed, which became the centre of a state of great strategic value. In the 14th and early 15th centuries, three members of the House of Luxembourg reigned as Holy Roman Emperors, in the following centuries, Luxembourgs fortress was steadily enlarged and strengthened by its successive occupants, the Bourbons, Habsburgs, Hohenzollerns and the French. After the defeat of Napoleon in 1815, Luxembourg was disputed between Prussia and the Netherlands and this arrangement was revised by the 1839 First Treaty of London, from which date Luxembourgs full independence is reckoned. In 1842 Luxembourg joined the German Customs Union, the King of the Netherlands remained Head of State as Grand Duke of Luxembourg, maintaining a personal union between the two countries until 1890. At the death of William III, the throne of the Netherlands passed to his daughter Wilhelmina and this allowed Germany the military advantage of controlling and expanding the railways there. In August 1914, Imperial Germany violated Luxembourgs neutrality in the war by invading it in the war against France and this allowed Germany to use the railway lines, while at the same time denying them to France. Nevertheless, despite the German occupation, Luxembourg was allowed to maintain much of its independence, in 1940, after the outbreak of World War II, Luxembourgs neutrality was again violated when the Wehrmacht of Nazi Germany entered the country, entirely without justification. A government in exile based in London supported the Allies, sending a group of volunteers who participated in the Normandy invasion. Luxembourg was liberated in September 1944, and became a member of the United Nations in 1945. Luxembourgs neutral status under the constitution formally ended in 1948, in 2005, a referendum on the EU treaty establishing a constitution for Europe was held
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Hungary
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Hungary is a unitary parliamentary republic in Central Europe. With about 10 million inhabitants, Hungary is a member state of the European Union. The official language is Hungarian, which is the most widely spoken language in Europe. Hungarys capital and largest metropolis is Budapest, a significant economic hub, major urban areas include Debrecen, Szeged, Miskolc, Pécs and Győr. His great-grandson Stephen I ascended to the throne in 1000, converting the country to a Christian kingdom, by the 12th century, Hungary became a middle power within the Western world, reaching a golden age by the 15th century. Hungarys current borders were established in 1920 by the Treaty of Trianon after World War I, when the country lost 71% of its territory, 58% of its population, following the interwar period, Hungary joined the Axis Powers in World War II, suffering significant damage and casualties. Hungary became a state of the Soviet Union, which contributed to the establishment of a four-decade-long communist dictatorship. On 23 October 1989, Hungary became again a democratic parliamentary republic, in the 21st century, Hungary is a middle power and has the worlds 57th largest economy by nominal GDP, as well as the 58th largest by PPP, out of 188 countries measured by the IMF. As a substantial actor in several industrial and technological sectors, it is both the worlds 36th largest exporter and importer of goods, Hungary is a high-income economy with a very high standard of living. It keeps up a security and universal health care system. Hungary joined the European Union in 2004 and part of the Schengen Area since 2007, Hungary is a member of the United Nations, NATO, WTO, World Bank, the AIIB, the Council of Europe and Visegrád Group. Well known for its cultural history, Hungary has been contributed significantly to arts, music, literature, sports and science. Hungary is the 11th most popular country as a tourist destination in Europe and it is home to the largest thermal water cave system, the second largest thermal lake in the world, the largest lake in Central Europe, and the largest natural grasslands in Europe. The H in the name of Hungary is most likely due to historical associations with the Huns. The rest of the word comes from the Latinized form of Medieval Greek Oungroi, according to an explanation the Greek name was borrowed from Proto-Slavic Ǫgǔri, in turn borrowed from Oghur-Turkic Onogur. Onogur was the name for the tribes who later joined the Bulgar tribal confederacy that ruled the eastern parts of Hungary after the Avars. The Hungarians likely belonged to the Onogur tribal alliance and it is possible they became its ethnic majority. The Hungarian endonym is Magyarország, composed of magyar and ország, the word magyar is taken from the name of one of the seven major semi-nomadic Hungarian tribes, magyeri
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Malta
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Malta, officially known as the Republic of Malta, is a Southern European island country consisting of an archipelago in the Mediterranean Sea. It lies 80 km south of Italy,284 km east of Tunisia, the country covers just over 316 km2, with a population of just under 450,000, making it one of the worlds smallest and most densely populated countries. The capital of Malta is Valletta, which at 0.8 km2, is the smallest national capital in the European Union, Malta has one national language, which is Maltese, and English as an official language. John, French and British, have ruled the islands, King George VI of the United Kingdom awarded the George Cross to Malta in 1942 for the countrys bravery in the Second World War. The George Cross continues to appear on Maltas national flag, the country became a republic in 1974, and although no longer a Commonwealth realm, remains a member state of the Commonwealth of Nations. Malta was admitted to the United Nations in 1964 and to the European Union in 2004, in 2008, Catholicism is the official religion in Malta. The origin of the term Malta is uncertain, and the modern-day variation derives from the Maltese language, the most common etymology is that the word Malta derives from the Greek word μέλι, meli, honey. The ancient Greeks called the island Μελίτη meaning honey-sweet, possibly due to Maltas unique production of honey, an endemic species of bee lives on the island. The Romans went on to call the island Melita, which can be considered either as a latinisation of the Greek Μελίτη or the adaptation of the Doric Greek pronunciation of the same word Μελίτα. Another conjecture suggests that the word Malta comes from the Phoenician word Maleth a haven or port in reference to Maltas many bays, few other etymological mentions appear in classical literature, with the term Malta appearing in its present form in the Antonine Itinerary. The extinction of the hippos and dwarf elephants has been linked to the earliest arrival of humans on Malta. Prehistoric farming settlements dating to the Early Neolithic period were discovered in areas and also in caves. The Sicani were the tribe known to have inhabited the island at this time and are generally regarded as being closely related to the Iberians. Pottery from the Għar Dalam phase is similar to found in Agrigento. A culture of megalithis temple builders then either supplanted or arose from this early period, the temples have distinctive architecture, typically a complex trefoil design, and were used from 4000 to 2500 BCE. Animal bones and a knife found behind an altar stone suggest that temple rituals included animal sacrifice. Tentative information suggests that the sacrifices were made to the goddess of fertility, the culture apparently disappeared from the Maltese Islands around 2500 BC. Archaeologists speculate that the builders fell victim to famine or disease
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Netherlands
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The Netherlands, also informally known as Holland is the main constituent country of the Kingdom of the Netherlands. It is a densely populated country located in Western Europe with three territories in the Caribbean. The European part of the Netherlands borders Germany to the east, Belgium to the south, and the North Sea to the northwest, sharing borders with Belgium, the United Kingdom. The three largest cities in the Netherlands are Amsterdam, Rotterdam and The Hague, Amsterdam is the countrys capital, while The Hague holds the Dutch seat of parliament and government. The port of Rotterdam is the worlds largest port outside East-Asia, the name Holland is used informally to refer to the whole of the country of the Netherlands. Netherlands literally means lower countries, influenced by its low land and flat geography, most of the areas below sea level are artificial. Since the late 16th century, large areas have been reclaimed from the sea and lakes, with a population density of 412 people per km2 –507 if water is excluded – the Netherlands is classified as a very densely populated country. Only Bangladesh, South Korea, and Taiwan have both a population and higher population density. Nevertheless, the Netherlands is the worlds second-largest exporter of food and agricultural products and this is partly due to the fertility of the soil and the mild climate. In 2001, it became the worlds first country to legalise same-sex marriage, the Netherlands is a founding member of the EU, Eurozone, G-10, NATO, OECD and WTO, as well as being a part of the Schengen Area and the trilateral Benelux Union. The first four are situated in The Hague, as is the EUs criminal intelligence agency Europol and this has led to the city being dubbed the worlds legal capital. The country also ranks second highest in the worlds 2016 Press Freedom Index, the Netherlands has a market-based mixed economy, ranking 17th of 177 countries according to the Index of Economic Freedom. It had the thirteenth-highest per capita income in the world in 2013 according to the International Monetary Fund, in 2013, the United Nations World Happiness Report ranked the Netherlands as the seventh-happiest country in the world, reflecting its high quality of life. The Netherlands also ranks joint second highest in the Inequality-adjusted Human Development Index, the region called Low Countries and the country of the Netherlands have the same toponymy. Place names with Neder, Nieder, Nether and Nedre and Bas or Inferior are in use in all over Europe. They are sometimes used in a relation to a higher ground that consecutively is indicated as Upper, Boven, Oben. In the case of the Low Countries / the Netherlands the geographical location of the region has been more or less downstream. The geographical location of the region, however, changed over time tremendously
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Austria
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Austria, officially the Republic of Austria, is a federal republic and a landlocked country of over 8.7 million people in Central Europe. It is bordered by the Czech Republic and Germany to the north, Hungary and Slovakia to the east, Slovenia and Italy to the south, the territory of Austria covers 83,879 km2. The terrain is mountainous, lying within the Alps, only 32% of the country is below 500 m. The majority of the population speaks local Bavarian dialects of German as their native language, other local official languages are Hungarian, Burgenland Croatian, and Slovene. The origins of modern-day Austria date back to the time of the Habsburg dynasty, from the time of the Reformation, many northern German princes, resenting the authority of the Emperor, used Protestantism as a flag of rebellion. Following Napoleons defeat, Prussia emerged as Austrias chief competitor for rule of a greater Germany, Austrias defeat by Prussia at the Battle of Königgrätz, during the Austro-Prussian War of 1866, cleared the way for Prussia to assert control over the rest of Germany. In 1867, the empire was reformed into Austria-Hungary, Austria was thus the first to go to war in the July Crisis, which would ultimately escalate into World War I. The First Austrian Republic was established in 1919, in 1938 Nazi Germany annexed Austria in the Anschluss. This lasted until the end of World War II in 1945, after which Germany was occupied by the Allies, in 1955, the Austrian State Treaty re-established Austria as a sovereign state, ending the occupation. In the same year, the Austrian Parliament created the Declaration of Neutrality which declared that the Second Austrian Republic would become permanently neutral, today, Austria is a parliamentary representative democracy comprising nine federal states. The capital and largest city, with a population exceeding 1.7 million, is Vienna, other major urban areas of Austria include Graz, Linz, Salzburg and Innsbruck. Austria is one of the richest countries in the world, with a nominal per capita GDP of $43,724, the country has developed a high standard of living and in 2014 was ranked 21st in the world for its Human Development Index. Austria has been a member of the United Nations since 1955, joined the European Union in 1995, Austria also signed the Schengen Agreement in 1995, and adopted the euro currency in 1999. The German name for Austria, Österreich, meant eastern realm in Old High German, and is cognate with the word Ostarrîchi and this word is probably a translation of Medieval Latin Marchia orientalis into a local dialect. Austria was a prefecture of Bavaria created in 976, the word Austria is a Latinisation of the German name and was first recorded in the 12th century. Accordingly, Norig would essentially mean the same as Ostarrîchi and Österreich, the Celtic name was eventually Latinised to Noricum after the Romans conquered the area that encloses most of modern-day Austria, around 15 BC. Noricum later became a Roman province in the mid-first century AD, heers hypothesis is not accepted by linguists. Settled in ancient times, the Central European land that is now Austria was occupied in pre-Roman times by various Celtic tribes, the Celtic kingdom of Noricum was later claimed by the Roman Empire and made a province
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Poland
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Poland, officially the Republic of Poland, is a country in Central Europe, situated between the Baltic Sea in the north and two mountain ranges in the south. Bordered by Germany to the west, the Czech Republic and Slovakia to the south, Ukraine and Belarus to the east, the total area of Poland is 312,679 square kilometres, making it the 69th largest country in the world and the 9th largest in Europe. With a population of over 38.5 million people, Poland is the 34th most populous country in the world, the 8th most populous country in Europe, Poland is a unitary state divided into 16 administrative subdivisions, and its capital and largest city is Warsaw. Other metropolises include Kraków, Wrocław, Poznań, Gdańsk and Szczecin, the establishment of a Polish state can be traced back to 966, when Mieszko I, ruler of a territory roughly coextensive with that of present-day Poland, converted to Christianity. The Kingdom of Poland was founded in 1025, and in 1569 it cemented a political association with the Grand Duchy of Lithuania by signing the Union of Lublin. This union formed the Polish–Lithuanian Commonwealth, one of the largest and most populous countries of 16th and 17th century Europe, Poland regained its independence in 1918 at the end of World War I, reconstituting much of its historical territory as the Second Polish Republic. In September 1939, World War II started with the invasion of Poland by Nazi Germany, followed thereafter by invasion by the Soviet Union. More than six million Polish citizens died in the war, after the war, Polands borders were shifted westwards under the terms of the Potsdam Conference. With the backing of the Soviet Union, a communist puppet government was formed, and after a referendum in 1946. During the Revolutions of 1989 Polands Communist government was overthrown and Poland adopted a new constitution establishing itself as a democracy, informally called the Third Polish Republic. Since the early 1990s, when the transition to a primarily market-based economy began, Poland has achieved a high ranking on the Human Development Index. Poland is a country, which was categorised by the World Bank as having a high-income economy. Furthermore, it is visited by approximately 16 million tourists every year, Poland is the eighth largest economy in the European Union and was the 6th fastest growing economy on the continent between 2010 and 2015. According to the Global Peace Index for 2014, Poland is ranked 19th in the list of the safest countries in the world to live in. The origin of the name Poland derives from a West Slavic tribe of Polans that inhabited the Warta River basin of the historic Greater Poland region in the 8th century, the origin of the name Polanie itself derives from the western Slavic word pole. In some foreign languages such as Hungarian, Lithuanian, Persian and Turkish the exonym for Poland is Lechites, historians have postulated that throughout Late Antiquity, many distinct ethnic groups populated the regions of what is now Poland. The most famous archaeological find from the prehistory and protohistory of Poland is the Biskupin fortified settlement, dating from the Lusatian culture of the early Iron Age, the Slavic groups who would form Poland migrated to these areas in the second half of the 5th century AD. With the Baptism of Poland the Polish rulers accepted Christianity and the authority of the Roman Church
35.
Portugal
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Portugal, officially the Portuguese Republic, is a country on the Iberian Peninsula in Southwestern Europe. It is the westernmost country of mainland Europe, to the west and south it is bordered by the Atlantic Ocean and to the east and north by Spain. The Portugal–Spain border is 1,214 kilometres long and considered the longest uninterrupted border within the European Union, the republic also includes the Atlantic archipelagos of the Azores and Madeira, both autonomous regions with their own regional governments. The territory of modern Portugal has been settled, invaded. The Pre-Celts, Celts, Carthaginians and the Romans were followed by the invasions of the Visigothic, in 711 the Iberian Peninsula was invaded by the Moors, making Portugal part of Muslim Al Andalus. Portugal was born as result of the Christian Reconquista, and in 1139, Afonso Henriques was proclaimed King of Portugal, in the 15th and 16th centuries, Portugal established the first global empire, becoming one of the worlds major economic, political and military powers. Portugal monopolized the trade during this time, and the Portuguese Empire expanded with military campaigns led in Asia. After the 1910 revolution deposed the monarchy, the democratic but unstable Portuguese First Republic was established, democracy was restored after the Portuguese Colonial War and the Carnation Revolution in 1974. Shortly after, independence was granted to almost all its overseas territories, Portugal has left a profound cultural and architectural influence across the globe and a legacy of over 250 million Portuguese speakers today. Portugal is a country with a high-income advanced economy and a high living standard. It is the 5th most peaceful country in the world, maintaining a unitary semi-presidential republican form of government and it has the 18th highest Social Progress in the world, putting it ahead of other Western European countries like France, Spain and Italy. Portugal is a pioneer when it comes to drug decriminalization, as the nation decriminalized the possession of all drugs for use in 2001. The early history of Portugal is shared with the rest of the Iberian Peninsula located in South Western Europe, the name of Portugal derives from the joined Romano-Celtic name Portus Cale. Other influences include some 5th-century vestiges of Alan settlements, which were found in Alenquer, Coimbra, the region of present-day Portugal was inhabited by Neanderthals and then by Homo sapiens, who roamed the border-less region of the northern Iberian peninsula. These were subsistence societies that, although they did not establish prosperous settlements, neolithic Portugal experimented with domestication of herding animals, the raising of some cereal crops and fluvial or marine fishing. Chief among these tribes were the Calaicians or Gallaeci of Northern Portugal, the Lusitanians of central Portugal, the Celtici of Alentejo, a few small, semi-permanent, commercial coastal settlements were also founded in the Algarve region by Phoenicians-Carthaginians. Romans first invaded the Iberian Peninsula in 219 BC, during the last days of Julius Caesar, almost the entire peninsula had been annexed to the Roman Republic. The Carthaginians, Romes adversary in the Punic Wars, were expelled from their coastal colonies and it suffered a severe setback in 150 BC, when a rebellion began in the north
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Romania
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Romania is a sovereign state located in Southeastern Europe. It borders the Black Sea, Bulgaria, Ukraine, Hungary, Serbia and it has an area of 238,391 square kilometres and a temperate-continental climate. With over 19 million inhabitants, the country is the member state of the European Union. Its capital and largest city, Bucharest, is the sixth-largest city in the EU, the River Danube, Europes second-longest river, rises in Germany and flows in a general southeast direction for 2,857 km, coursing through ten countries before emptying into Romanias Danube Delta. The Carpathian Mountains, which cross Romania from the north to the southwest are marked by one of their tallest peaks, Moldoveanu, modern Romania was formed in 1859 through a personal union of the Danubian Principalities of Moldavia and Wallachia. The new state, officially named Romania since 1866, gained independence from the Ottoman Empire in 1877, at the end of World War I, Transylvania, Bukovina and Bessarabia united with the sovereign Kingdom of Romania. Romania lost several territories, of which Northern Transylvania was regained after the war, following the war, Romania became a socialist republic and member of the Warsaw Pact. After the 1989 Revolution, Romania began a transition back towards democracy and it has been a member of NATO since 2004, and part of the European Union since 2007. A strong majority of the population identify themselves as Eastern Orthodox Christians and are speakers of Romanian. The cultural history of Romania is often referred to when dealing with artists, musicians, inventors. For similar reasons, Romania has been the subject of notable tourist attractions, Romania derives from the Latin romanus, meaning citizen of Rome. The first known use of the appellation was attested in the 16th century by Italian humanists travelling in Transylvania, Moldavia, after the abolition of serfdom in 1746, the word rumân gradually fell out of use and the spelling stabilised to the form român. Tudor Vladimirescu, a leader of the early 19th century. The use of the name Romania to refer to the homeland of all Romanians—its modern-day meaning—was first documented in the early 19th century. The name has been officially in use since 11 December 1861, in English, the name of the country was formerly spelt Rumania or Roumania. Romania became the predominant spelling around 1975, Romania is also the official English-language spelling used by the Romanian government. The Neolithic-Age Cucuteni area in northeastern Romania was the region of the earliest European civilization. Evidence from this and other sites indicates that the Cucuteni-Trypillian culture extracted salt from salt-laden spring water through the process of briquetage
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Slovenia
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Slovenia, officially the Republic of Slovenia, is a nation state in southern Central Europe, located at the crossroads of main European cultural and trade routes. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the south and southeast, and it covers 20,273 square kilometers and has a population of 2.06 million. It is a republic and a member of the United Nations, European Union. The capital and largest city is Ljubljana, additionally, the Dinaric Alps and the Pannonian Plain meet on the territory of Slovenia. The country, marked by a significant biological diversity, is one of the most water-rich in Europe, with a river network, a rich aquifer system. Over half of the territory is covered by forest, the human settlement of Slovenia is dispersed and uneven. Slovenia has historically been the crossroads of South Slavic, Germanic, Romance, although the population is not homogeneous, the majority is Slovene. South Slavic language Slovene is the language throughout the country. Slovenia is a largely secularized country, but its culture and identity have been influenced by Catholicism as well as Lutheranism. The economy of Slovenia is small, open, and export-oriented and has strongly influenced by international conditions. It has been hurt by the Eurozone crisis, started in the late 2000s. The main economic field is services, followed by industry and construction, Historically, the current territory of Slovenia was part of many different state formations, including the Roman Empire and the Holy Roman Empire, followed by the Habsburg Monarchy. In October 1918, the Slovenes exercised self-determination for the first time by co-founding the State of Slovenes, Croats, in December 1918, they merged with the Kingdom of Serbia into the Kingdom of Serbs, Croats and Slovenes. During World War II, Slovenia was occupied and annexed by Germany, Italy, and Hungary, with a tiny area transferred to the Independent State of Croatia, in June 1991, after the introduction of multi-party representative democracy, Slovenia split from Yugoslavia and became an independent country. Present-day Slovenia has been inhabited since prehistoric times, and there is evidence of habitation from around 250,000 years ago. A pierced cave bear bone, dating from 43100 ±700 BP, in the 1920s and 1930s, artifacts belonging to the Cro-Magnon such as pierced bones, bone points, and needle were found by archaeologist Srečko Brodar in Potok Cave. It shows that wooden wheels appeared almost simultaneously in Mesopotamia and Europe, in the transition period between the Bronze age to the Iron age, the Urnfield culture flourished. Archaeological remains dating from the Hallstatt period have been found, particularly in southeastern Slovenia, among them a number of situlas in Novo Mesto, in the Iron Age, present-day Slovenia was inhabited by Illyrian and Celtic tribes until the 1st century BC
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Slovakia
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Slovakia, officially the Slovak Republic, is a landlocked country in Central Europe. It is bordered by the Czech Republic and Austria to the west, Poland to the north, Ukraine to the east, Slovakias territory spans about 49,000 square kilometres and is mostly mountainous. The population is over 5 million and comprises mostly ethnic Slovaks, the capital and largest city is Bratislava. The Slavs arrived in the territory of present-day Slovakia in the 5th and 6th centuries, in the 7th century, they played a significant role in the creation of Samos Empire and in the 9th century established the Principality of Nitra. In the 10th century, the territory was integrated into the Kingdom of Hungary, which became part of the Habsburg Empire. After World War I and the dissolution of the Austro-Hungarian Empire, a separate Slovak Republic existed in World War II as a client state of Nazi Germany. In 1945, Czechoslovakia was reëstablished under Communist rule as a Soviet satellite, in 1989 the Velvet Revolution ended authoritarian Communist rule in Czechoslovakia. Slovakia became an independent state on 1 January 1993 after the dissolution of Czechoslovakia. The country maintains a combination of economy with universal health care. The country joined the European Union in 2004 and the Eurozone on 1 January 2009, Slovakia is also a member of the Schengen Area, NATO, the United Nations, the OECD, the WTO, CERN, the OSCE, the Council of Europe and the Visegrád Group. The Slovak economy is one of the fastest growing economies in Europe and its legal tender, the Euro, is the worlds 2nd most traded currency. Although regional income inequality is high, 90% of citizens own their homes, in 2016, Slovak citizens had visa-free or visa-on-arrival access to 165 countries and territories, ranking the Slovak passport 11th in the world. Slovakia is the world’s biggest per-capita car producer with a total of 1,040,000 cars manufactured in the country in 2016 alone, the car industry represents 43 percent of Slovakia’s industrial output, and a quarter of its exports. Radiocarbon datingputs the oldest surviving archaeological artefacts from Slovakia – found near Nové Mesto nad Váhom – at 270,000 BC and these ancient tools, made by the Clactonian technique, bear witness to the ancient habitation of Slovakia. Other stone tools from the Middle Paleolithic era come from the Prévôt cave near Bojnice, the most important discovery from that era is a Neanderthal cranium, discovered near Gánovce, a village in northern Slovakia. The most well-known finds include the oldest female statue made of mammoth-bone, the statue was found in the 1940s in Moravany nad Váhom near Piešťany. Numerous necklaces made of shells from Cypraca thermophile gastropods of the Tertiary period have come from the sites of Zákovská, Podkovice, Hubina and these findings provide the most ancient evidence of commercial exchanges carried out between the Mediterranean and Central Europe. The Bronze Age in the territory of modern-day Slovakia went through three stages of development, stretching from 2000 to 800 BC
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Finland
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Finland, officially the Republic of Finland, is a sovereign state in Northern Europe. A peninsula with the Gulf of Finland to the south and the Gulf of Bothnia to the west, the country has borders with Sweden to the northwest, Norway to the north. Estonia is south of the country across the Gulf of Finland, Finland is a Nordic country situated in the geographical region of Fennoscandia, which also includes Scandinavia. Finlands population is 5.5 million, and the majority of the population is concentrated in the southern region,88. 7% of the population is Finnish people who speak Finnish, a Uralic language unrelated to the Scandinavian languages, the second major group are the Finland-Swedes. In terms of area, it is the eighth largest country in Europe, Finland is a parliamentary republic with a central government based in the capital Helsinki, local governments in 311 municipalities, and an autonomous region, the Åland Islands. Over 1.4 million people live in the Greater Helsinki metropolitan area, from the late 12th century, Finland was an integral part of Sweden, a legacy reflected in the prevalence of the Swedish language and its official status. In the spirit of the notion of Adolf Ivar Arwidsson, we are not Swedes, we do not want to become Russians, let us therefore be Finns, nevertheless, in 1809, Finland was incorporated into the Russian Empire as the autonomous Grand Duchy of Finland. In 1906, Finland became the nation in the world to give the right to vote to all adult citizens. Following the 1917 Russian Revolution, Finland declared itself independent, in 1918, the fledgling state was divided by civil war, with the Bolshevik-leaning Reds supported by the equally new Soviet Russia, fighting the Whites, supported by the German Empire. After a brief attempt to establish a kingdom, the became a republic. During World War II, the Soviet Union sought repeatedly to occupy Finland, with Finland losing parts of Karelia, Salla and Kuusamo, Petsamo and some islands, Finland joined the United Nations in 1955 and established an official policy of neutrality. The Finno-Soviet Treaty of 1948 gave the Soviet Union some leverage in Finnish domestic politics during the Cold War era, Finland was a relative latecomer to industrialization, remaining a largely agrarian country until the 1950s. It rapidly developed an advanced economy while building an extensive Nordic-style welfare state, resulting in widespread prosperity, however, Finnish GDP growth has been negative in 2012–2014, with a preceding nadir of −8% in 2009. Finland is a top performer in numerous metrics of national performance, including education, economic competitiveness, civil liberties, quality of life, a large majority of Finns are members of the Evangelical Lutheran Church, though freedom of religion is guaranteed under the Finnish Constitution. The first known appearance of the name Finland is thought to be on three rune-stones. Two were found in the Swedish province of Uppland and have the inscription finlonti, the third was found in Gotland, in the Baltic Sea. It has the inscription finlandi and dates from the 13th century, the name can be assumed to be related to the tribe name Finns, which is mentioned first known time AD98. The name Suomi has uncertain origins, but a candidate for a source is the Proto-Baltic word *źemē, in addition to the close relatives of Finnish, this name is also used in the Baltic languages Latvian and Lithuanian
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Sweden
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Sweden, officially the Kingdom of Sweden, is a Scandinavian country in Northern Europe. It borders Norway to the west and Finland to the east, at 450,295 square kilometres, Sweden is the third-largest country in the European Union by area, with a total population of 10.0 million. Sweden consequently has a low density of 22 inhabitants per square kilometre. Approximately 85% of the lives in urban areas. Germanic peoples have inhabited Sweden since prehistoric times, emerging into history as the Geats/Götar and Swedes/Svear, Southern Sweden is predominantly agricultural, while the north is heavily forested. Sweden is part of the area of Fennoscandia. The climate is in very mild for its northerly latitude due to significant maritime influence. Today, Sweden is a monarchy and parliamentary democracy, with a monarch as head of state. The capital city is Stockholm, which is also the most populous city in the country, legislative power is vested in the 349-member unicameral Riksdag. Executive power is exercised by the government chaired by the prime minister, Sweden is a unitary state, currently divided into 21 counties and 290 municipalities. Sweden emerged as an independent and unified country during the Middle Ages, in the 17th century, it expanded its territories to form the Swedish Empire, which became one of the great powers of Europe until the early 18th century. Swedish territories outside the Scandinavian Peninsula were gradually lost during the 18th and 19th centuries, the last war in which Sweden was directly involved was in 1814, when Norway was militarily forced into personal union. Since then, Sweden has been at peace, maintaining a policy of neutrality in foreign affairs. The union with Norway was peacefully dissolved in 1905, leading to Swedens current borders, though Sweden was formally neutral through both world wars, Sweden engaged in humanitarian efforts, such as taking in refugees from German-occupied Europe. After the end of the Cold War, Sweden joined the European Union on 1 January 1995 and it is also a member of the United Nations, the Nordic Council, Council of Europe, the World Trade Organization and the Organisation for Economic Co-operation and Development. Sweden maintains a Nordic social welfare system that provides health care. The modern name Sweden is derived through back-formation from Old English Swēoþēod and this word is derived from Sweon/Sweonas. The Swedish name Sverige literally means Realm of the Swedes, excluding the Geats in Götaland, the etymology of Swedes, and thus Sweden, is generally not agreed upon but may derive from Proto-Germanic Swihoniz meaning ones own, referring to ones own Germanic tribe
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United Kingdom
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The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom or Britain, is a sovereign country in western Europe. Lying off the north-western coast of the European mainland, the United Kingdom includes the island of Great Britain, Northern Ireland is the only part of the United Kingdom that shares a land border with another sovereign state—the Republic of Ireland. The Irish Sea lies between Great Britain and Ireland, with an area of 242,500 square kilometres, the United Kingdom is the 78th-largest sovereign state in the world and the 11th-largest in Europe. It is also the 21st-most populous country, with an estimated 65.1 million inhabitants, together, this makes it the fourth-most densely populated country in the European Union. The United Kingdom is a monarchy with a parliamentary system of governance. The monarch is Queen Elizabeth II, who has reigned since 6 February 1952, other major urban areas in the United Kingdom include the regions of Birmingham, Leeds, Glasgow, Liverpool and Manchester. The United Kingdom consists of four countries—England, Scotland, Wales, the last three have devolved administrations, each with varying powers, based in their capitals, Edinburgh, Cardiff and Belfast, respectively. The relationships among the countries of the UK have changed over time, Wales was annexed by the Kingdom of England under the Laws in Wales Acts 1535 and 1542. A treaty between England and Scotland resulted in 1707 in a unified Kingdom of Great Britain, which merged in 1801 with the Kingdom of Ireland to form the United Kingdom of Great Britain and Ireland. Five-sixths of Ireland seceded from the UK in 1922, leaving the present formulation of the United Kingdom of Great Britain, there are fourteen British Overseas Territories. These are the remnants of the British Empire which, at its height in the 1920s, British influence can be observed in the language, culture and legal systems of many of its former colonies. The United Kingdom is a country and has the worlds fifth-largest economy by nominal GDP. The UK is considered to have an economy and is categorised as very high in the Human Development Index. It was the worlds first industrialised country and the worlds foremost power during the 19th, the UK remains a great power with considerable economic, cultural, military, scientific and political influence internationally. It is a nuclear weapons state and its military expenditure ranks fourth or fifth in the world. The UK has been a permanent member of the United Nations Security Council since its first session in 1946 and it has been a leading member state of the EU and its predecessor, the European Economic Community, since 1973. However, on 23 June 2016, a referendum on the UKs membership of the EU resulted in a decision to leave. The Acts of Union 1800 united the Kingdom of Great Britain, Scotland, Wales and Northern Ireland have devolved self-government
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Norway
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The Antarctic Peter I Island and the sub-Antarctic Bouvet Island are dependent territories and thus not considered part of the Kingdom. Norway also lays claim to a section of Antarctica known as Queen Maud Land, until 1814, the kingdom included the Faroe Islands, Greenland, and Iceland. It also included Isle of Man until 1266, Shetland and Orkney until 1468, Norway has a total area of 385,252 square kilometres and a population of 5,258,317. The country shares a long border with Sweden. Norway is bordered by Finland and Russia to the north-east, Norway has an extensive coastline, facing the North Atlantic Ocean and the Barents Sea. King Harald V of the Dano-German House of Glücksburg is the current King of Norway, erna Solberg became Prime Minister in 2013, replacing Jens Stoltenberg. A constitutional monarchy, Norway divides state power between the Parliament, the Cabinet and the Supreme Court, as determined by the 1814 Constitution, the kingdom is established as a merger of several petty kingdoms. By the traditional count from the year 872, the kingdom has existed continuously for 1,144 years, Norway has both administrative and political subdivisions on two levels, counties and municipalities. The Sámi people have an amount of self-determination and influence over traditional territories through the Sámi Parliament. Norway maintains close ties with the European Union and the United States, the country maintains a combination of market economy and a Nordic welfare model with universal health care and a comprehensive social security system. Norway has extensive reserves of petroleum, natural gas, minerals, lumber, seafood, the petroleum industry accounts for around a quarter of the countrys gross domestic product. On a per-capita basis, Norway is the worlds largest producer of oil, the country has the fourth-highest per capita income in the world on the World Bank and IMF lists. On the CIAs GDP per capita list which includes territories and some regions, from 2001 to 2006, and then again from 2009 to 2017, Norway had the highest Human Development Index ranking in the world. It also has the highest inequality-adjusted ranking, Norway ranks first on the World Happiness Report, the OECD Better Life Index, the Index of Public Integrity and the Democracy Index. Norway has two names, Noreg in Nynorsk and Norge in Bokmål. The name Norway comes from the Old English word Norðrveg mentioned in 880, meaning way or way leading to the north. In contrasting with suðrvegar southern way for Germany, and austrvegr eastern way for the Baltic, the Anglo-Saxon of Britain also referred to the kingdom of Norway in 880 as Norðmanna land. This was the area of Harald Fairhair, the first king of Norway, and because of him
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Involuntary unemployment
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Involuntary unemployment occurs when a person is willing to work at the prevailing wage yet is unemployed. Involuntary unemployment is distinguished from voluntary unemployment, where workers choose not to work because their reservation wage is higher than the prevailing wage, in an economy with involuntary unemployment there is a surplus of labor at the current real wage. Given the basic supply and demand model, involuntarily unemployed workers lie somewhere off of the supply curve. Economists have several theories explaining the possibility of unemployment including implicit contract theory, disequilibrium theory, staggered wage setting. Models based on contract theory, like that of Azariadis, are based on the hypothesis that labor contracts make it difficult for employers to cut wages. Employers often resort to layoffs rather than implement wage reductions, Azariadis showed that given risk-averse workers and risk-neutral employers, contracts with the possibility of layoff would be the optimal outcome. Efficiency wage models suggest that employers pay their workers above market clearing wages in order to enhance their productivity, in efficiency wage models based on shirking, employers are worried that workers may shirk knowing that they can simply move to another job if they are caught. Employers make shirking costly by paying more than the wages they would receive elsewhere. This gives workers an incentive not to shirk, when all firms behave this way, an equilibrium is reached where there are unemployed workers willing to work at prevailing wages. In Malinvauds model, classical unemployment is remedied by cutting the real wage while Keynesian unemployment requires an exogenous stimulus in demand, unlike implicit contrary theory and efficiency wages, this line of research does not rely on a higher than market-clearing wage level. This type of unemployment is consistent with Keyness definition while efficiency wages. For many economists, involuntary unemployment is a phenomenon of central importance to economics. Many economic theories have been motivated by the desire to understand, however, acceptance of the concept of involuntary unemployment isnt universal among economists. Some do not accept it as a real or coherent aspect of economic theory, mancur Olson argued that real world events like the Great Depression could not be understood without the concept of involuntary unemployment. He argued against economists who denied involuntary unemployment and put their theories ahead of common sense and that there is also involuntary unemployment and that it is by no means an isolated or rare phenomenon. Other economists do not believe that true involuntary unemployment exists or question its relevance to economic theory, lucas dismissed the need for theorists to explain involuntary unemployment since it is not a fact or a phenomenon which it is the task of theorists to explain. Involuntary unemployment is also conceptually problematic with search and matching theories of unemployment, andolfatto, David, Search models of unemployment. In Durlauf, Steven N. Blume, Lawrence E, the New Palgrave, A Dictionary of Economics, Palgrave Macmillan, doi,10. 1057/9780230226203.1497, retrieved 21 April 2013 Azariadis, C
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Labor force
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The workforce or labour force is the labour pool in employment. It is generally used to describe those working for a company or industry. Within a company, its value can be labelled as its Workforce in Place, the workforce of a country includes both the employed and the unemployed. The labour force participation rate, LFPR, is the ratio between the force and the overall size of their cohort. The term generally excludes the employers or management, and can imply those involved in manual labour and it may also mean all those who are available for work. Formal labour is any sort of employment that is structured and paid in a formal way, unlike the informal sector of the economy, formal labour within a country contributes to that countrys gross national product. Informal labour is labour that falls short of being a formal arrangement in law or in practice and it can be paid or unpaid and it is always unstructured and unregulated. Formal employment is more reliable than informal employment, generally, the former yields higher income and greater benefits and securities for both men and women. The contribution of informal labourers is immense, informal labour is expanding globally, most significantly in developing countries. According to a study done by Jacques Charmes, in the year 2000 informal labour made up 57% of non-agricultural employment, 40% of urban employment, and 83% of the new jobs in Latin America. That same year, informal labour made up 78% of non-agricultural employment, 61% of urban employment, particularly after an economic crisis, labourers tend to shift from the formal sector to the informal sector. This trend was seen after the Asian economic crisis began in 1997. Gender is frequently associated with informal labour, Women are employed more often informally than they are formally, and informal labour is an overall larger source of employment for females than it is for males. Women frequent the sector of the economy through occupations like home-based workers. The Penguin Atlas of Women in the World shows that in the 1990s, 81% of women in Benin were street vendors, 55% in Guatemala, 44% in Mexico, 33% in Kenya, overall, 60% of women workers in the developing world are employed in the informal sector. The specific percentages are 84% and 58% for women in Sub-Saharan Africa, the percentages for men in both of these areas of the world are lower, amounting to 63% and 48% respectively. In Asia, 65% of women workers and 65% of men workers are employed in the informal sector, globally, a large percentage of women that are formally employed also work in the informal sector behind the scenes. These women make up the work force
Belgium
Bulgaria
Czech Republic
Denmark
Germany
Estonia
Ireland
Greece
Spain
France
Italy
Cyprus
Latvia
Lithuania
Luxembourg
Hungary
Malta
Netherlands
Austria
Poland
Portugal
Romania
Slovenia
Slovakia
Finland
Sweden
United Kingdom
Norway
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