Back then, people used the barter system to fulfill their desire. Later on, money was introduced to replace the barter system because there were too many difficulties caused and people were lacking of a medium of exchange. With the existing of money, things are given with a value and trading becomes simpler.

Nevertheless, when a country is not attaining its economic equilibrium, there might be a significant decline in the currency’s value. For instance, Malaysian ringgit’s currency is having a substantial drop. According to the Southeast Asia Nation, they are now working on a strategy to strengthen Malaysia’s fiscal position by reducing subsidies, detaining infrastructure tax and imposing consumption tax to secure the country’s finance. The Malaysian government also mentioned that they will announce the further steps they are planning to take to reduce spending and addressed the structural issues that mainly affect the drop of the currency.

From my view, The rising and dropping of the currency is not plainly the government’s responsibility, the country’s citizens such as entrepreneurs are also responsible to flourish the economy by attracting more foreign investors through businesses. Or else, high rate of inflation, budget deficits and the economic growth of the country will be impacted.

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Ever since China opened up their country to foreign investment for entrepreneurs, the country soon picked up extremely quickly and turned to become one of the world largest economy. The standard of living in terms of housing, daily necessities and luxuries have then shoot up substantially.

Nonetheless, the income disparities among the people is indisputable. No doubt, human overpopulation is one of the mainspring of the matter. Also, the country is lacking the right method to deal with wealth distribution as the wages rise or fall for individuals is not determined by the government. With the GDP increasing these years, which, too, brought up the government fiscal revenue stream, and the earnings disproportion between the State and the people increase even further.

Hence, the government decided to pressure the enterprises towards a reform by focusing on advanced industrial development to not only boost up productivity, but also profitability. Eventually, workers’ income will rise up accordingly to the improvement.

In order to make things better and to allow the entire nation to savor the product out from the flourished economy, it is time for the government to set in to make a difference.

References: Liang, XiaoMin. “China has grown rich, now it’s the people’s turn.” (2011): n.pag. News China Magazine. Web. 1 Oct 2013.

Images: Klein, David G. Income Inequality, Writ Larger. 2007. Painting. The New York TimesWeb. 1 Oct 2013.

Eyes and words are the fundamental components of social interactions. Have you ever conveyed your frustration by rolling your eyes upward? Or did you ever blurt out words like ” Jesus Christ! He is such a beast! “? What comes into your mind? For me, ‘MORALITY’ immediately pops up in my head.

Loss of business ethics in the society has been quite an issue in recent. In particular, the most sizable retailer, Walmart claimed that they had halted from manufacturing its commodities at a list of factories due to labour violations and severe security problems. Even though it had already been 2 years since Walmart claimed that they had discontinue business with the problematic factories, still, it was found that a substantial amount of garments from the factories of the Bangladesh were shipped to Walmart Canada.

Not only so, it was reported that Walmart has not signed onto an agreement to upgrade the safety appliances of the Bangladesh factories. Walmart spokesman, Kevin Gardner claimed that they are formulating an alternative plan which will exceed the expectation of the other proposal offered by the International Labour Group. Profits might be one of the biggest of concern for the corporations, however, the safety of the employees should be taken into consideration as well.

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