High unemployment, poverty and outflow of young intelligence abroad – these are the bad characteristics of Slovakia. What are people and our country missing? Why citizens of other countries have more opportunities to create a life, as they desired? The answer is simple. Slovakia with its many problems can not offer to its citizens an appropriate standard of living. The question that hangs in the air asks: "What can be done in our country to overcome these negative factors and to give people what they deserves? In order to help our country to increase living standards, Slovak economy has to step into a system of fiscal policy which has already secured a high living standard in countries where was implemented.

Slovakia is not a big country and that is why it should not be hard to debar Slovaks from the poverty and offer them standards that match with those of other countries. Unfortunately, it is not as simple and easy, as it seems. It is not so long ago when Slovakia was liberated from communist regime. All of a sudden, Slovaks were faced to many unknown changes. Transition of Slovak economy from state to market caused unemployment, prices went up and poverty spread along. Dem

The history of Slovakia showed that our country has already got through many decades and our citizens have faced too many problems. Is not already the right time to bless them with adequate standards that they really deserve? These solutions showed that Slovakia has a chance to become a competitive partner for other countries. If Slovak government secure to people an adequate standard of living, they will show the pride of being Slovaks that is hidden in us. Fiscal policy is not easy to implement but by looking into the past of other countries where it worked and resulted in wealth of the countries, why not to use it? Let’s get together and work for our better future!

The second monetary tool that can be implemented to increase the standard of living is to use the amount of money in the circle (the whole economic circle). The central bank has the priority to increase or decrease the amount of money in the state. This priority may let the bank to print extra money and put them into the circle (to people in way of increasing wages, to companies in way of subsidies). That would increase the living standards. Though, a possible objection is clear. Higher amount of money, not based on good pillars, can cause inflation and the effect of it is that the real value of the money will decrease. That is why it is important to put appropriate amount of money to the circle. For example, Argentina’s government wanted to decrease the debt of the country and they printed too much money. In final result, the whole system broke down because an extreme inflation.

The first alternative solution that might increase the level of living of Slovaks can be done through the monetary policy of central banks (The Central Bank of Slovakia). Monetary policy is based on two tools. The first is the discont rate that represents the rate which central bank provides to commercial bank the money for. The second is based on the amount of money in the total economic circle (money that are printed and used). Unfortunately, the first tool used to achieve a higher standard of living is not very strong, and here are some factors that influence it. Discont rate is the rate fo

Some topics in this essay:
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