Macroeconomics-long run effect on budget cutting in the uk Essay

Macroeconomics-long run effect on budget cutting in the uk - Essay Example One of the primary concerns of the governments in UK, both the previous Labour Government and the present government, has been to reduce the public borrowing to sponsor the expenditure of the government (Giudice, Kuenzel and Springbett, 2012). The agenda behind the reduction in the public spending is that it is believed that the economy will grow faster in the medium-term. The simple economics behind the fact is that if business corporations believe that the economy will grow in the medium-term then the confidence in them increases which raises their present level of investment. On the other hand the consumers increase their spending with the belief that the economy will grow in the future. However, the standard component of GDP can be represented as (Mankiw, 2011): This implies that with reducing in spending by the government the total output of the economy falls. However, it is now an established economic convention that the level of output will increase up to a certain point with rise in government spending after which it tends to fall (Lilico, 2012). If the government follows a contractionary fiscal policy, which implies a reduction in spending by the government then the magnitude of impacts of the same is different in case of an open economy and closed economy. A closed economy structure is one that can be described as an economy which involves in no trading activity. A closed economy is assumed to be self-sufficient and all the needs of the consumers are met from inside which eliminates the need of the economy to have any trading relations with the outside world. An open economy on the other hand is the one which has sufficient treading relations with the other countries in the world and there are no barriers to the development of the free market forces. An ideal open economy is the one that is characterized by

Difficulty recognizing the enemy during Vietnam Essay

Difficulty recognizing the enemy during Vietnam - Essay Example n recognizing the enemy came about because most while in previous conflicts, the Americans had faced enemies in conventional wars, the Vietnam conflict involved facing an enemy that adopted guerrilla tactics. The guerilla tactics adopted by the North Vietnamese and the Viet Cong allowed them to make swift attacks on the Americans and their allies in the south and disappear into the local population. This ability was of great advantage for North Vietnam and its allies because it allowed them to keep the Americans in a constant state of uncertainty over who were their enemy and who were not (Bates, Lichty, and Miles 187). The result of this uncertainty was that it led to a situation where there was extreme difficulty in drawing a line between combat troops and civilians. The development of constant fear of attack as well as the paranoia that accompanied this state of mind made the American troops to undertake some extraordinary actions such as committing atrocities against of noncombat civilians or the torture of prisoners which remained prevalent throughout the war. Violence against the civilians of Vietnam by the American military was an intentional act of war as a result of its inabilit y to recognize the difference between civilians and combatants (Herring 82). During the conflict, the American military acted with indifference to the destruction of noncombatants and to that of their property because a significant number of these troops had already died as a result of the guerilla tactics adopted by the Viet Cong. It should be noted that most of the American commanders in Vietnam were aware of the laws governing ground warfare that had been established by various international agreements but atrocities were still committed by some American soldiers and officers. This has been largely blamed on the difficulty of these individuals to identify their enemy, especially considering that most often melted into the civilian population. A result of this situation was that