Cyprus Economy in the Light of Debt Problem

The model created by using the independent variables of total income, total capital, total savings, government expenditures, and employment, which I think has a significant impact on the growth of the Cyprus economy, has been examined in the light of the debt problem. Annual time-series data from 1995Q to 2017Q were obtained from the Cyprus State Planning Office in Cyprus. Unrestricted VAR (Vector Autoregression) model was used to test the causal relationship of the variables considered. Empirical findings revealed that some variables such as Wald test results for 78 lags, respectively, affect the GDP growth rate together. In particular, it was observed that there are bidirectional influences between employment, government expenditures, total capital, and savings which are not estimated in former studies. In addition, total income and total savings coefficients have a unidirectional influence on employment. It has been observed that the expenditure and savings coefficients also affect the total income.

Laos faces tough choices on geostrategy and economy

Significance Phankham Viphavanh succeeds him as prime minister. The country’s reshuffled leadership is entrusted with handling complicated ties with China and Vietnam -- each of which looks to keep Laos within its orbit -- and mitigating a growing debt problem. Impacts Vietnam, which has a policy of ‘cooperation and struggle’ with China, will try to push back on Beijing’s growing influence in Laos. Once operational, the China-Laos railway should help boost regional connectivity. Laos will place high emphasis on ensuring it graduates from ‘least developed country’ status by 2026, having previously targeted 2024.

General Confiscation on Bankcrupty and Confiscation on Criminal Verdict

General confiscation of bankruptcy and criminal confiscation often occur simultaneously, this has led to debate on both sides between the prosecutor and the curator. Prerihal who is most entitled to the property of palilit and confiscated goods into a long discussion. However, if explained clearly, it will be found that public confiscation can precede criminal confiscation. In this journal, the author tries to discuss the substance and outline of the forgery by using normative writing procedures and applicable statutory regulations. In terms of the benefits of the debt and debt problem can be resolved as soon as possible and as fair as possible so that the economy is disrupted, both economies of a small scale and economies of large scale by continuing to pay attention to the Principle of Proportionality which consumes rights and obligations so that everything is in context and achieves goals that are expected to be fair to every one. In terms of legal certainty, Article 31 of the KPKPU Law that mentions all confiscations, appointed when the debtor's bankruptcy is pronounced is a new regulation and a special regulation compared to the confiscation of criminal provisions contained inArticle 39 paragraph (2) of the Criminal Procedure Code.

Market failure and government failure in European debt crisis

This paper takes the “five European pig countries” in the European debt crisis as an example to analyze the event from the perspective of market failure and government failure. The main conclusions are as follows: the European debt crisis is the common product of market failure and government failure. Both sides should make great efforts to solve this problem. There is a long-term process to solve the European debt problem. Only by developing competitive industries and regaining international competitiveness is the effective way for euro zone countries to get rid of the predicament fundamentally.

The Current Problem of the US Government Debt in the Context of Socioeconomic Inequality Regulation

Global debt has risen dangerously since the early 2000s, but most governments and central banks are more supportive of investors, because they keep printing money and buying back financial assets to provide markets and economy with liquidity. In this regard, we can see increasing concern not only about the growing debt burden of the world economy, but also about the impact of this problem on the dynamics of economic inequality. The aim of the work is to analyse and clarify the relationships between public debt and economic inequality in the USA for the period of 1910–2018. This study concludes that the level of economic inequality is not directly related to the specific level of public debt and changes under the influence of other factors, such as taxes and government spending on combating poverty, financed by the new government debt. Modern financial policies lead to increased economic inequality in wealth, which is confirmed by the data for most countries. In many developed countries, there is a progressive taxation system that curbs the rising income inequality. However, in most of them, there are complex tax relief and deduction systems for long-term investors, the problem of offshore and tax avoidance remains unresolved, which creates great obstacles to solving the problem of the growing economic inequality. In the context of the galloping inflation of financial assets, the growth rate of labor income is guaranteed to be lower than the growth rate of investment income. In the recommendations, the author justifies the modern problem of the public debt growth. The main risk in addressing this problem in the context of economic inequality regulation is the risk of increasing intergenerational economic inequality. We see how the tax burden is being transferred to future generations, while modern taxpayers have better opportunities to improve their quality of life, accumulate adequate pension capital and generally live with a higher level of financing of public goods. All this may not be the case for future generations of taxpayers due to the likely exacerbation of the debt problem in the future, since they will either have to pay more taxes on their income, pay a high inflation tax, or go to reduce public spending and finance public goods to solve the “unsolvable debt problem”. In this regard, the main recommendations today are to make every possible effort to contain the growth of public debt to a rate no higher than the growth of the economy; to develop a system of fiscal regulation of investor wealth and investment income; to optimize inheritance taxes; and, of course, to continue solving the problem of tax avoidance and offshore.