Escalation Of Protectionism Measures Could Trigger An Economic Downturn

It makes sense for the Human Resources Department to use payroll software so that staff will have more time to devote to more pressing responsibilities than computing the pay of employees. The HR department has many important tasks that include providing employees with the right training so that they can more productive and motivated in the workplace.

On the other hand, the world is threatened today by news of trade wars. The global economy is picking up but the escalation of protectionism measures could lead to another downturn. According to Bank for International Settlements (BIS), there are signs that the “racketing up of rhetoric” is severely affecting investment. There are fears that a full-blown trade war may happen as Donald Trump steps up hostility with some of America’s key trading partners.

Tariffs were imposed on steel and aluminium imported from other countries but the trading partners, China and Europe immediately responded with retaliatory measures. The US president has threatened China with tariffs on $200 billion worth of imported goods. Europe was also threatened with tariffs on imported European cars after Brussels imposed taxes on American products like Levi’s jeans, bourbon whiskey and Harley Davidson motorcycles.

The escalation of protectionism measures could trigger an economic downturn and the impact could be very significant. There are signs of increasing uncertainties that are associated with the first protectionist steps.

In the annual report on challenges to the global economy, BIS states that the ultra-low interest rates that were implemented by central banks to respond to the financial crisis has improved global economy but loose monetary policies could be a threat to stability. 10 years after the global crisis, central banks were satisfied with the state of global economy but they cannot continue to be the only game in town. Normalization of monetary policies is very important in rebuilding policy space.

Regardless of the size of a company and the number of persons they employ, maintaining an efficient system through payroll software is always an important consideration. Employees expect to be paid for the work they performed and if the company fails, it results into unhappy employees and legal complications.

The Fate Of The People Living In Slum Areas Of Bangkok

As a tourist, their eyes are set on the glitz and glamour of the city with 5 star boutique hotel Bangkok, humungous shopping centres and internationally acclaimed restaurants. Behind this is Klong Toey which is the largest slum area in Bangkok, and the oldest, located near the big malls and Buddhists temples. This is where around 100,000 individuals are living in squat houses and shacks located in the narrowest alleys with open gutters next to their homes. The people living there are originally from the northern part of Thailand but they ventured into the big city in hopes of finding an employment.

There is a big contrast between the luxurious homes in Bangkok and these people who are living without the presence of electricity and even clean running water.

Prateep Ungsongtham, one of the people living there, said that the situation hasn’t changed since he was a child. She is now 66 years old and the only improvement is that their population in the slum area has doubled. The residents there are the same ones that are working in the biggest wet market in Bangkok while some are employed at the port. They are always in fear that they might be evicted soon because the city is aiming for gentrification.

Ms. Prateep is an advocate when it comes to the rights of the people living in the slum area. She said that there are almost no facilities in the homes, the houses do not have land titles and everyone is always worrying that they might get evicted.

Prateep, along with her sisters, decided to setup the One Baht School which educates young children since they do not own a birth certificate which is a requirement before they can be enrolled in a regular school in Bangkok.

The Port Authority has already released an eviction notice to her family because they are currently catering around 80 students in their school. The officials, however, cannot take much action because of the great support given by the people to the school.

In the end, she was able to succeed because the Port Authority awarded her with a location where the school was eventually relocated. The area might be far from a 5 star boutique hotel Bangkok but it is hope for the children who do not have birth certificates to get the education they deserve.

Top Ten Must Do Activities In A Trip To South America

Vacation to South America is a dream trip to kick off the bucket list. The amazing continent offers spectacular scenery in vivid colours. You can hike to the peaks of the majestic snow covered mountains or relax by the beaches in Rio and party like there’s no tomorrow. Experience the unique ecology of the Amazon forest or enjoy the food and hospitality of the warm Latin American countries.

With so much of variety to offer, South America Tour is gaining popularity among the footloose travellers. Here is a list of must do activities in South America.

  1. Trek to Machu Picchu is the top most activity while in South American. The archaeological site offers a glimpse into the Incan architecture and culture. You can trek the mountain or enjoy a comfortable train ride to the top while soaking in the refreshing scenery.
  2. Party hard at Rio and have fun exploring the Amazing Samba shows in the city. Enjoy the carnival parade and admire the amazing performers.
  3. Explore the untouched rain forests of Amazon and have close encounters with the wildlife. Breathe in the fresh air and feel alive again.
  4. Visit the various national parks all around South America like Tortuguero national park, Manuel Antonio National park and Tierra del Fuego National Park.
  5. Experience the authentic cuisine of Latin American countries. They have a wide spread of delicious recipes handed down from generations. A South America Tour is incomplete if you do not taste the yummy food in the South American countries.
  6. Book a cruise to Antarctica and experience living on the cold continent.
  7. Visit the magnificent Iguassu Falls located on the border of Brazil and Argentina. Take an adventurous boat trip and get close to the huge falls.
  8. Another must do activity in South America is wine tasting. Visit the beautiful vineyards in Chile and taste their best wines.
  9. Get awestruck by visiting the man made Panama Canal and see the historical places in the vicinity.
  10. Visit the less touristy places to experience the indigenous culture of the local tribes.

Plan your dream vacation of visiting South America Tour and have an unforgettable experience. Indulge in all your favouriteadventures with a customized South American trip and create memories for a lifetime.