Economics Debt Essay Example | Topics and Well Written Essays - 1000 words

Economics Debt - Essay Example Historically, one of the main challenges to government leaders is the generation, and the application of a country’s wealth and resources towards â€Å"three main duties of great importance. These are as follows: protecting the country from violence and invasion; protecting, as far as possible, every member of the society from oppression and injustice, and thirdly, erecting and maintaining public works, public institutions, which can never be for the interest of any individual or group of individuals. Financing the state was basically through revenue raised through â€Å"taxes of one kind or another (Smith 476).1 Public debt was not unheard of, but was held suspect. In the last two decades, most countries have been experiencing periods where their outlays exceed their revenues, with no balanced budget in sight. Governments faced the formidable task of managing runaway budget deficits and growing public debts, both internal (owed to nationals), and external (owed to foreigners). To cover the shortfall or deficit, governments sell public assets, levy taxes, print and/or borrow money. Government borrowings to finance deficits create â€Å"public† debts, which need to be serviced through interest payments or through refinancing. Obligations of government resulting from issuing guarantees for a public sector enterprise added to the public debt become what are known as the â€Å"federal debt (Iqbal 2)2.† Available data showed that by 2007, 124 countries had been running on borrowings and that many of these countries had breached the acceptable level of public debt -to -GDP ratio. The US debt-to-GDP ratio had risen to 60.8 % in 2007. Other countries exhibited higher debt-to- GDP ratio; Japan’s debt-to-GDP ratio reached 170%, Germany, 64.9%, and Canada, 64.2 %( Nationmaster1)3. Public debt and budget deficits had become a global phenomenon and the principles of balanced budget and surplus became part of a

Just assignment and current event Coursework Example | Topics and Well Written Essays - 500 words

Just assignment and current event - Coursework Example The society is aware that sugary, salty, fatty foods in large quantities cause diabetes, obesity and hypertension. Consumers are highly sensitive to taste, color, and packaging of products and this is what attracts them to the products despite their unhealthy nature. Evolving marketing strategies focus on making sales, rather than nutrition and health needs of consumers. It is difficult to address the issue because of the different players, the public health community and industries that manufacture the product. Even so, it is clear that immediate action is necessary to address the issue of unhealthy foods and its relationship to obesity. â€Å"Food Systems and Public Health: Linkages to Achieve Healthier Diets and Healthier Communities† by Mary Story, Michael Hamm & David Wallinga discusses methods Americans can use to promote healthy and sustainable food consumption that are aligned with national nutritional and health precedence. It advices on governance practices and policies that can help create this change. Agricultural, health, and marketing leaders met at the Airlie Conference Center in Warrenton, Virginia to discuss the promotion of sustainable and healthy food production and consumption. The conference produced two broad principles. Firstly, the nation’s food system must align with the physical health and well-being of citizens, agricultural economic and environmental factors, and the need for public policy to support a health-based food system. Secondly, agricultural policies must relate to USDA/DHHS Dietary Guidelines for Americans and other national guidelines for healthy eating and good he alth, and sustain public health goals of averting obesity and chronic ailments. â€Å"Intestinal bacteria can be used to classify effects of different diseases† by the Asociacion RUVID discusses the effects of obesity and other ailments on the composition of gut bacteria. Current scientific advancements allow researchers to measure and categorize the effects