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Essay / The economy and health in Slovenia - 1520
Diagnosis of capitalist institutions: Slovenia has been facing a constant and dangerous decline in its economy for 8 consecutive quarters. This two-year economic decline for Slovenia has caused serious damage to its economy. Recently, in the last three months of 2013, they experienced their first quarter of economic growth in two years. During this period, banks collapsed, made bad loans and prompted the government to step in and pay $4.5 billion to help the economy recover. This economic decline has not only affected the banks, it has also had a real impact on the unemployment rate in Slovenia. The unemployment rate in Slovenia has risen from an already dangerously high level of 11.5% to just over 14%. Additionally, Slovenia is ranked 133rd in terms of labor freedom. This is a paralyzing statistic because it shows how harsh the labor rules in Slovenia can be. Poor labor freedom allows companies to exhaust their workers and mistreat them with terrible guidelines and rules. This economic decline has significantly harmed Slovenia's economic growth. During this decline, tons of money were pumped into the public and private sectors to reduce their debt during difficult times. In doing so, it has slowed the growth of the economy due to rising unemployment, difficult economic conditions and barriers to exports. Slovenia's exports have been insufficient due to the production of "price sensitive" and "low and medium technology products" which account for around 40% of their exports. There has also been a lack of demand for Slovenian products, as the countries they mainly export to, such as Italy, Russia, France, Austria and Croatia, all have economies that are either too small or facing economic difficulties. Middle of paper Slovenia will recover, but not completely and not as quickly. If my treatment plan is completely ignored, Slovenia will remain a paralyzed country for a very long time, until someone helps. Finally, it is particularly important to finance research and development of companies with a lot of money. It may seem risky to invest huge amounts of money in R&D, but in the long run it will allow companies to create new and improved products that will revolutionize the planet. Once this happens, jobs will be needed to continue production of these products, leading to lower unemployment. Fully carrying out all other tasks, but without funding R&D with a lot of money, the healing process will take more than 10 years. This may seem ridiculous, but it is necessary to heal as quickly as possible, even if it may seem far-fetched...