THERE IS AN OLD JOKE AMONG ECONOMISTS THAT STATES:

A RECESSION IS WHEN YOUR NEIGHBOR LOSES HIS JOB.

A DEPRESSION IS WHEN YOU LOSE YOUR JOB.

RECESSION IS A STATE WHERE ECONOMY IS IN DECLINE CONSTANTLY. WIDESPREAD DECLINE IN THE GDP AND EMPLOYMENT AND TRADE LASTING FROM SIX MONTHS TO A YEAR WITH THIS RECESSION AND FINANCIAL SYSTEM UNDER STRESS. WE ARE OBSEVING AND NOTICING HIGH UNEMPLOYMENT, A DEPRESSED AND RAPID DECREASE IN CURRENCY VALUE ON DAILY BASE. IT IS THE TIME WHEN GOVERNMENTS HAVE TWO CHOICES. EITHER TO UTILIZE THIS RECESSION AS TOOL TO BOOM WITH IMMEDIATE EFFECTIVENESS OR TO GROUND BY IGNORING OR POSTPONDING SITUATION IGNORING THE CRITICAL AND ALARMING POSITION NOT UTILIZING TIME .INFACT THIS SITUATION NEEDS IMMEDIATE POSITIVE STEPS ENTIRELY IN INTREST AND BENEFITS OF PUBLIC AND FOR SOVEREIGNTY OF COUNTRY.CONSATANT RECESSION MAY CREATE INSTABILITY, INSECURITY, LAW & ORDER PROBLEM BY PUBLIC, WHICH IS NOT GOOD SIGN.GOVERNMENTS AND THINK TANKS ARE SUPPOSED TO BE TOO ACTIVE AT THIS CRUCIAL STAGE.

RECESSION CAN BE DEFINED AS SIGNIFICANT DECLINE IN GENERAL ECONOMIC ACTIVITY EXTENDING OVER A PERIOD OF TIME. RECESSION RESULTS IN JOBS BEING CUT, REVENUES DROPPED AND GOVERNMENTS TAKING BACK SUBSIDIARIES.THE INFLATION BOOMS AND COST OF LIVING TOUCHES TO SKY. CONSEQUENTLY ECONOMY GETS INTO SLUMBER.

HOW TO OVERCOME RECESSION

FIRST OF ALL , GOVERNMENT AND BEAUROCRACY MUST BE SINCERE TO OVERCOME AND RESOLVE RECESSION.IT HAS BEEN OBSERVED THAT CERTAIN POLITICAL TARGETS / ACHIEVEMENTS (FOR ENTIRE BENEFIT OF INDIVIDAULS ) REFRAINS THEM TO RESOLVE GENUINE CRITICAL ISSUES.THEY HAVE CERTAIN HIDDEN ULTERIOR MOTIVES TO BE FULL-FILLED BY CREATING RECESSION. WHEN RECESSION IS THERE , DEPRESSION IN GENERAL PUBLIC ATTACKS IN FULL FORCE. PUBLIC RUNS FOR THEIR SURVIVALS, POVERTY TRAVELLS LIKE SPACE SHUTTLE, CRIME RATE GRAPHS GO VERY HIGH,AND PUBLIC FORGETS , IGNORES THE GOVERNMENT ACTIVITIES ( MEANS POLITICIANS SUCCESSFULLY ACHIEVES THEIR TARGETS AS PEOPLE FORGETS PROTESTS OR CRITICISM ) CONSEQUENCES ? ALL SOCIAL SETUP RUINS WITH NO MORAL VALUES AND STATE IS BEING RULED UNDER “JUNGLE LAW” .CONSISTANT RECESSION MAKES RICH RICHER AND RICHEST , WHEREAS POOR TRAVELLS BELOW POVERTY LINE .MY HANDS SHIVERS OFF TO WRITE THE CONSEQUENCES , WHICH ARE WITNESSED BY HISTORY ! ! WHEN AGGRIEVED BECOMES WILD ANIMALS JUNGLE LAW IS ENFORCED BY HUNGRY PEOPLE . MAY ALLAH SAVE ALL FROM THIS SITUATION.

ECONOMISTS RECOMMENDS AS UNDER

GOVERNMENT MUST REVIEW BUSIESS POLICIES TO INFUSE NECESSARY FOREIGN CURRENCIES (FOREIGN EXCHANGE) IT IS ONLY POSSIBLE IF GOVERNMENT IMPLICATES IT UNDER LIBERAL , NEUTRAL INTENTIONS , SETTING ASIDE THE VOTE BANK , POLITICAL INCENTIVES , NEPOTISM ETC.EXPORT ENCOURAGEMENT IS BEST IMMEDIATE SOLUTION.

BY PROVISING ACCESSIBLE CREDIT FOR BUSSINESS, BY PROVIDING DIFFERENT TRAININGS TO YOUNGSTERS / UNEMPLOYEED OR DESERVING PEOPLE.BUSINESS MUST BE ENCOURAGED TO COMPENSATE FOR EMPLOYMENT.MORE BUSINESS, MEANS MORE JOBS FOR PEOPLE OR ATLEAST SOURCE OF INCOME OF ONE FAMILY.

BY INVOLVING TAX COLLECTION (REASONABLE TAX & ABSOLUTELY NOT HIDDEN OR CAMOFLAUDGED).TAXES MUST BE TRANSPARENT GENUINE AND BASED UPON JUSTIFICATION ,SINCERITY TO PUBLIC,WITH NO MALAFIDE INTENTIONS.TAXES CAN FINANCE GOVERNMENT EXPENDITURE SUCH AS PROVISION OF CREDIT TO BUSINESS OR BUDGET FOR SOCIAL WELFARE.

RESERVE AND ALOCATE HUGE AMOUNT FOR SOCIAL WELFARE.THIS WILL QUELL PANIC AND RIOTS WHILE RESTORING CONFIDENCE IN PUBLIC.POSITIVE OUTLOOK WILL BE DEVELOPED IN THESE PROCESS.THIS WILL ALSO ENABLE PEOPLE TO GET BACK ON THEIR FACTS-TEACH PEOPLE TO CATCH FISH INSTEAD OF SUPPLY.

IMMEDIATELY CONTROL UNWANTED EXPANSES.A SLASH IS A MUST ON “SHOW OFF” LAVISHNESS.

IMPROVE TOURISM , MORE TOURISTS STANDS GAURANTEE FOR MORE FOREIGN EXCHANGE , AND INJECTION TO TREAT RECESSION.

MAINTAIN LAW AND ORDER , SECURITY , AND PEACE.A COUNTRY FLOURISHES IF JUSTICE AND PEACE IS GAURANTEED.THESE COUNTRIES GETS ATTENTION OF FOREIGN INVESTORS .TOO MANY EXAMPLES ARE LYINFG IN FRONT OF US.GOVERNMENT MUST PASS A RESOLUTION THAT “NONE SHOULD MAINTAIN ACCOUNT OUT SIDE COUNTRY”.INCASE OF VIOLATION HIS CITIZENSHIP SHOULD BE CANCELLED AS IT AMOUNTS TO ACRIME OF HIGH TREASON.

REDUCE & REUSE: IF YOU CAN GET BY WITHOUT SOMETHING, OR YOU CAN REPURPOSE SOMETHING YOU’VE ALREADY GOT, THEN YOU DON’T NEED TO BUY IT.STAY WHAT YOU HAVE (IN SOURCE) CONTENMENT IS MUST FOR GOVERNMENT.GOVERNMENT MUST IMMEDIATELY REDUCE ITS EXPANSES UPON MOVEMENTS (PM / CM ) ,THEIR SECURITY,LAVISH HOUSES ,EXPANSIVE CARS AND PROTOCOLS ALONGWITH THE EXPANSES OF CABINET , GREAT CHECK UPON BEAUROCRACY/ ESTABLISHMENT.

IMMEDIATLEY RECOVER DEBITS GIVEN TO INFLUENTIAL PERSONALITIES.

PRODUCE: ANYTHING YOU CAN MAKE YOURSELF, YOU DON’T NEED TO BUY.IF YOU CAN MAKE THINGS THAT ARE USEFUL OR BEAUTIFUL, YOU CAN GIVE THEM AWAY OR USE THEM .WE MUST FOCUS TO ENHANCE LOCAL PRODUCTION. CHINA , TAIWAN , KOREA , JAPAN , MALAYSIA SETS EXAMPLES OF US.

IT’S WORTH MENTIONING THE SIMILARITY BETWEEN THESE STRATEGIES AND THOSE FOR GREENER LIVING: REDUCE, REUSE, RECYCLE. PRODUCING LOCALLY CAN BE EITHER LOW-IMPACT OR NOT, DEPENDING ON WHAT YOU DO, BUT AT LEAST IT’S UP TO YOU AND NOT UP TO SOME CORPORATION WHO’S IMPACT ON THE ENVIRONMENT IS A DARK SECRET.

SMALL SCALE INDUSTRIES CAN ALSO PLAY A POSITIVE ROLE.

SAY NO TO DEBTS – THERE ARE A FEW THINGS THAT ABSOLUTELY TRAP YOU IN THE MONEY ECONOMY; THINGS LIKE DEBT, TAXES, AND UTILITIES. THEY MAKE COMPLETELY OPTING OUT IMPOSSIBLE, BUT THEY CAN BE MANAGED.DEBTS LEADS TO HUMILIATION , LOSS OF RESPECT , AND IN SOME CASES MAKES COUNTRIES SLAVES.HOW WE PERCIEVE AND TREAT BEGGARS , SAME WAY OTHER COUNTRIES WILL TREAT.IT IS AN ABUSE TO SOVEREIGNTY.

DEBT IS THE KILLER THAT FORCES YOU INTO THE MONEY ECONOMY. YOU REALLY CAN’T OPT OUT WHILE YOU’RE IN DEBT, WHICH IS JUST ANOTHER REASON WHY DEBT SHOULD BE AVOIDED.AVOID DEBT TILL LAST END UNLESS SUFFOCATED.DEBIT IS THE GUEST IF COMES ONCE , WILL NEVER GO BACK.RESPECTED NATION MAKES THEIR OWN COURSES TO OVERCOME RECESSIONS WHILE AVOIDING DEBITS BECAUSE THE DEBITOR HAVE TO DANCE VERY MUCH IN ACCORDANCE WITH THE TUNE PLAYED BY CREDITOR.

( I AM NEITHER ECONOMIST NOR ECONOMIC EXPERT , IT IS MY GENERAL AND VERY PERSONAL PERCEPTION. ANY SENTENCE , IF FOUND CONTRARY TO FACT , BE CONDONED PLEASE)