Argumentative Essay

"Economic Crisis 2009 has impacted Singapore greatly"

Do you agree?

Imagine if more and more students are not studying because to help their family find more money rather than studying at school just because of economic crisis. The importance of this topic is that it concerns the future of the students wheather they can study or not. In my opinion, i strongly agree that Economic Crisis 2009 has impacted Singapore greatly. Firstly, I will talk about the future of the students. Secondly, I will touch on "What will happen when Singapore become very poor." Lastly, I will discuss on the government cannot sponsor some of the things anymore.

Firstly, lets touch on about the future of the students. Students may not think about their family life and living and are not thinking about their life. For them family is more important then theirself. They will not get a much education as they need to look for jobs. Their future will not be stable as a result of their education. They can have problems to help their family or their marraige life because they have not enough money to lead the family.

Secondly, I will touch on " What will happen when Singapore become very poor?"GST of all prices are getting higher and expensive when economic crisis occurs. For the past many years people stant to lose their jobs because of lack of education needs and when less education the people have ie is hard for them to find jobs so, their boss need to fired them. Many tourist and forigeners are starting to make stories about Singapore when they know what is happening in Singapore. Around 4.1 thousands to 739 000 tourist from other countries are getting lesser and lesser because of economic crisis.

Lastly, I will discuss on the government cannot sponsor some of the things anymore. Banking crisis are When a bank suffers a sudden rush of withdrawals by depositors, this is called a bank run. Since banks lend out most of the cash they receive in deposits (see fractional-reserve banking), it is difficult for them to quickly pay back all deposits if these are suddenly demanded, so a run may leave the bank in bankruptcy, causing many depositors to lose their savings unless they are covered by deposit insurance. A situation in which bank runs are widespread is called a systemic banking crisis or just a banking panic. A situation without widespread bank runs, but in which banks are reluctant to lend, because they worry that they have insufficient funds available, is often called a credit crunch. Speculative bubbles and crashes Economists say that a financial asset (stock, for example) exhibits a bubble when its price exceeds the present value of the future income (such as interest or dividends that would be received by owning it to maturity).[3] If most market participants buy the asset primarily in hopes of selling it later at a higher price, instead of buying it for the income it will generate, this could be evidence that a bubble is present. If there is a bubble, there is also a risk of a crash in asset prices: market participants will go on buying only as long as they expect others to buy, and when many decide to sell the price will fall. However, it is difficult to tell in practice whether an asset's price actually equals its fundamental value, so it is hard to detect bubbles reliably. Some economists insist that bubbles never or almost never occur. International financial crisis When a country that maintains a fixed exchange rate is suddenly forced to devalue its currency because of a speculative attack, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default. While devaluation and default could both be voluntary decisions of the government, they are often perceived to be the involuntary results of a change in investor sentiment that leads to a sudden stop in capital inflows or a sudden increase in capital flight.Several currencies that formed part of the European Exchange Rate Mechanism suffered crises in 1992-93 and were forced to devalue or withdraw from the mechanism. Another round of currency crises took place in Asia in 1997-98. Many Latin American countries defaulted on their debt in the early 1980s. The When a country that maintains a fixed exchange rate is suddenly forced to devalue its currency because of a speculative attack, this is called a currency crisis or balance of payments crisis. When a country fails to pay back its sovereign debt, this is called a sovereign default. While devaluation and default could both be voluntary decisions of the government, they are often perceived to be the involuntary results of a change in investor sentiment that leads to a sudden stop in capital inflows or a sudden increase in capital flight.Several currencies that formed part of the European Exchange Rate Mechanism suffered crises in 1992-93 and were forced to devalue or withdraw from the mechanism. Another round of currency crises took place in Asia in 1997-98. Many Latin American countries defaulted on their debt in the early 1980s. The 1998 Russian financial crisis resulted in a devaluation of the ruble and default on Russian government bonds.

In conclusion, I would like to remind you of what I have discuss on the previous paragraph which is the issues of having economic crisis, future of the students, when Singapore become very poor and government cannot sponsor some of the things anymore. Once again, I would like to stress my opinion that I strongly agree that economic crisis 2009 has impacted Singapore greatly. By supporting my view, you would be able to save your money easily and be prepared.