Global Recession

Recession has been spreading throughout the world and every one is affected by it. Majority of the countries are affected by recession and some really experienced great damage except for a few countries. We can also say the USA is the number one affected by it. People got laid off, some got big bills and even some old folk’s benefits have been removed.

In the time of downfall it is the time to sit down and think what we should do in order to survive this economic crisis. This is the time to think about business. Some people engaged into a business like franchise. In franchise you don’t have to worry of creating idea or business origin because it already exists. All you should take care is how to manage the business that is already there and make it grow.

Some big company or firm engaged on this kind of strategy to earn bigger profit. They provide franchise for sale in order to have additional income and to expand their range of services. Just like fast food chain provide franchise services to expand branches around the state. Luckily there are many franchises for sale you can find online now. From online business, marketing to product the can provide it all the opportunity.

Inverting Stereotypical Apprehension on Recession

The world perilously suffers from continues economic breakdown. Part of industrialization is the cost of natural or agricultural resources. Definitely almost all of the factories that had come into existence had made their refineries and other source outbreak through the help of the natural resources we have. Coal for example had explicitly overwhelmed the industries all over the globe. The Philippines in particular could not have been affected directly by the most controversial global financial crisis. It is plainly because mostly, the source of living in the Philippines depends on agriculture. Meaning, it is not a money-based industry, but an agricultural one.

Recession as part of the economies life cycle is the alarming part which activates stimulus to commercial people. This is where the turning point of the industries is located. When supply overrides demand it results to dislocation of the business systems. This would slow down the marketing process cutting the income down and worst is to slide down into regression and never recover again, Bankruptcy. In recent business years, few business hotels and tourist spots in Europe had decreased their marketing prices including accommodations and services. In the Philippines, United States-based logistics Federal Express (FedEx) had closed their hub in the northern side of the Philippines. The company had transferred the hub to Guangzhou, China and started new operations there. This would mean another case of unemployment in the Philippines; in fact it is about 500 hundred workers whose about to lose their job. This means another recession in the economies employment field and thus, trimming down another percentage in the consumption.

Though recession may be lethal to the economic development; it somehow works on moving on the inverse proportion. The Philippines has been affected by the impact of the financial crisis and it had brought slight tension to possible economic harm. It is however great that this may lead to possible agricultural focus on development. Dr. Ines Smyth, Gender Adviser of Oxfam International said as quoted in the Philippine daily inquirer “This is an opportunity to revise investment fundamental policies like investment in agriculture”. The better we process raw materials, the bigger chances that we survive a persisting financial crisis. There are on the other hand clever initiatives for financial crisis. India for example, India's Prime Minister, Manmohan Singh commits for a financial reform. The reform agenda includes developing long-term debt markets, a corporate bond market, strong insurance and pension sectors and future markets. This makes another initiative in exterminating the fear of the society for economic breakdown.