However, in reality it made it hard for Italy to sell abroad (due to the higher prices), so Italy lost its competitiveness on the world market. In addition, serious deflation took place and by 1936 the government was forced to devalue the Lira. To summarise, the reform was a failure as – although in the short run, Italy seemed powerful, in the long run the economy suffered. The battle for the Lira was a propaganda victory in which Mussolini successfully confirmed the image that the fascists were bringing stability and prosper to Italy, without actually doing so. Mussolini also had two other battles; that for
If the company has low skilled employees than they will not be making the most out of their assets because there will be more wastage in production, this can result in an increase in the amount being able to provide to the public. If production levels fall then the company will make less money because they will not be able to see as much to the public as they could if they did have highly skilled workers. Therefore it is important to review the workforce plan constantly to understand when more highly skilled workers will be needed. External The fact that the current market has a global shortage of mining professionals does cause a problem to the company’s long term projects. This is because the company will need highly skilled workers to maximise production without a large range to choose from.
Agriculture tended to be inefficient and backward, particularly in the South where the ‘latifondi’ dominated. The industrial development that did occur did so exclusively in the North and this reinforced an existing economic divide between North and South, as the North was developing economically and the south remained backward and deprived of industry. Poor economic conditions resulted in large-scale emigration particularly to North America. Therefore, the basis of the division within Italy was economic failure, and as the economics of a country is fundamental to its success, the north-south divide in relation to economics was a significant attribute to the weaknesses of the
Germany faced many problems such as unemployment, debt and lack of money. Construction of Autobahns and schools would have created many jobs and brought in a huge amount of money. This is exactly how Schacht planned to solve Germanys economic problems, with The New Plan. The New Plan consisted of four major parts (Limiting imports, Trade agreements, Government spending and tackling unemployment). However, Hitler was not happy with this as his spending on the military was being limited, which meant only a certain number of tanks/planes were being produced.
But they knew that they couldn’t rely on that army so the emperors raised all of the taxes because hiring the army was expensive. The military have gotten treats from northern european tribes. The military also got low funds for defense. The military got problems recruting roman citzens and recruting of non-romans. The military was declined of patriotism and loyalty among soldiers.
This is because although they were successful it created major problems for Heaths government and even those who succeeded them. The continuous miners strikes led to Heath pulling tough measures, which included the three-day week. This is because the government didn’t want to just give into the miners and in the contrast Heath wanted to defeat them by limiting ‘the use of electricity to three specified days per week’-Heath. However this restrictive measure led to a significant uproar, as it was similar to the austerities, which ordinary people had experienced from the war such as people not having heating, unable to cook and sitting by candlelight. This shows that the ordinary people didn’t gain anything from the unrest in 1973/4 as it caused major inconveniences in the home highlighting that it was an issue.
The fact that Italy had a very limited industry and lack of an efficient infrastructure also meant that hardly any money was being created to pump into the economy to keep it running or pay for these debts. This subsequently led to high inflation, increased taxes and no money being spent on education or public services. Another major economic problem under the liberal regime was the north south divide. The fact that Italy’s economy was poor was only made worse by the north south divide in the country; this divide was to do with agriculture, industrial development and general standards of living. All of which the north fared in much better than the south.
(Overall decline of market / demand) and the increasing price sensitive of customers. • Strong international player filling the needs of the booming industrial economy abroad leading to fact that Fortis is not yet ranked under the world TOP 10. Question 2) • Overall declining industrial economy in U.S lead to a decrease in demand and to high cost pressure within the industry. Given that, Fortis’s customers are becoming more and more price sensitive and less willing to pay premium prices. Additionally, the continuously increasing steel prices leading to higher production costs and impacting product’s margin.
(Robson, 1992)” However, reviewing the economical, social and political issues this was not to be. After the Unification of Italy in 1870, despite some modernisation occurring, the country still fell behind the other major powers of Europe. The state of the Italian economy was a major problem facing the new Kingdom. It was in huge debt that it had inherited from the states that had been unified to make Italy. The Liberal’s did nothing to make it look like they would attempt to transform the economy, which remained backward and unprepared for World War 1.
Another issue was that whilst the Tsar encouraged the industrial growth of Russia, and was keen for the country to become an industrial power, when peasants then left the land to work in the developing enterprises, they discovered that their living conditions did not improve. The disaster of the industrial slump that followed the initial rapid advances (coal production had trebled and iron production quadrupled) meant that there was atrocious working conditions, and as trade unions were illegal, life for the peasants that had been seeking a new way of life or hoping to earn more money was