unemployment

The economic situation differs from country to country, caused by difference in population, geography, monetary system, political situation and a lot of other factors. But even within one country there are always a number of regions that differ from one another by their economic performance. This situation is especially true for big countries like US. If the regions are too broadly defined, the economic diversity would be lost. If the regions are too narrowly defined, …

…some period of time (1980-1990) Virginia Economy was booming: all economic indicators showed better performance of the region. This could be explained by increase in government expenditures on defense industry (the significant of economy of Virginia) in 1980’s. The decrease in economic activity of Virginia began with defense spending cutbacks in 90’s. But this situation is changing now because of new arias with developing high technology industries and business sectors like Northern Virginia. ------------------------------------------------------------------------ **Bibliography**