Worldwide Economics

By: Molly Heimel

Economic Goals

3 Main Economic Goals of All Countries:
  1. Employment

  2. Stability

  3. Economic Growth



Developed Country: France

Less Developed Country: Zimbabwe

FRANCE

One economic goal effects another economic goal in multiple ways because economics is all around us. If a you achieve a goal that is beneficial, then that will soon lead to the decision and outcome of other goals, as well. However, your achievement may also hinder or interfere with the success of a different goal due to a set back or if your goal was a bad choice.

EMPLOYMENT

The employment rate of the French economy is around 65%. This means that over half of the 66 million people living there, are employed. Each year the government works hard to boost the employment rate in order to give more people jobs around the country. This would then lead to the booting of the economy, and so on. Due to the fact that France is very developed, they can afford to have their employees take 30 days off of paid vacation a year. This is the most vacation of anywhere around the world. Jobs are being created through new investments decisions. In 2013, around 30,000 jobs were created, since the government took advantage of available investments.

STABILITY

The economic stability of France is among the highest in the world. During their economic crisis, they handled themselves very well. They have low reliance on external trade, which allowed them to use their own resources and remain strong. In addition, they also have stable consumption rates, which means that consumers are purchasing items at a regular pace, which allows the economy to thrive and to stay in a constant flow.

ECONOMIC GROWTH

Every year, the country of France continues to grow at a steady economic rate. France is one of the most successful countries in the world in the selling of products such as machinery, transportation and aerospace equipment, cosmetics, and luxury items. In addition France is the most visited country in the world, which allows tourism to be a helpful addition to their economy. These people bring money that they want to spend, which soon enters the economic system, allowing it to thrive off of tourists.

ZIMBABWE

The economic goals of Zimbabwe are valued in a very different way than those of the French. This is due to the fact that this African country is struggling with poverty. However, these two countries share the same economic goals, which are employment, stability, and economic growth. In Zimbabwe, these goals are valued through hard labor, monetary stability, and agriculture.

EMPLOYMENT

“Unrealistically low unemployment rate,” is one quote used to describe the employment rate in Zimbabwe. According to a recent survey, only 11% of all its people have formal jobs, this equates to about 606,000 people. The unemployment rate is one that is very unsuccessful, at a large 85%. This unemployment rate is described as “A ticking time bomb,” by the country's leader. In result of this African country being so poor, many jobs are created through labor. This labor workers strive to build homes, schools, hospitals, and much more to make the lives of its people better.

STABILITY

Unlike France, the stability of Zimbabwe is very weak. Monetary stability, or a stable price level, is the one factor of the country that saved its unsuccessful stability. Due to the fact that Zimbabwe is one of Africa’s poorest countries, they thrived off of entrepreneurship. However, entrepreneurship was forcefully put to an end, along with the agricultural division. Except for monetary stability, the country has nothing stable to fall back on, which is causing its economy to struggle greatly.

ECONOMIC GROWTH

Zimbabwe has an economy that is makes itself known as a “lower to middle income country.” However, this country has experienced economic growth rates in the past three years by improving its GDP to 9.3%. This growth comes from its three main forms of production, which are agriculture, mining, and manufacturing. The economic growth strongly depends on the performance of the agricultural production. However, this economic growth has not helped the unemployment rate or poverty reduction. In 2011, 72.3% of Zimbabwe’s 14.2 million people were considered poor.