Compare and contrast juvenile delinquency prevention and treatment. The paper should address the following:
• a description of delinquency prevention, the fundamental principles of prevention, examples of the types of prevention that have been used, and an analysis of the effectiveness of the prevention (successes and/or failures)
• a description of delinquency treatment, the fundamental principles of treatment, examples of the types of treatment that have been used, and an analysis of the effectiveness of those treatment programs (successes and/or failures)
• a discussion of which aspects of prevention and treatment are similar, and which are different
• an explanation of the overall importance of prevention and treatment—why are both critically necessary components of the juvenile justice system, and to what extent are they interrelated?
Devaluation of a currency is the fall in the value of a currency compared to other currencies within a fixed exchange rate system. For example, the pound might depreciate against the dollar this means that the pound buys less dollars. Britain has had a lot of experience of a devaluing currency. In 928 AD you could buy 15 cows for £1, during world war one the pound dropped considerably £1 was equivalent to $4.7, in 1967 the pound devalued to the equivalent of $2.4 and in 2016 when the UK voted leave the pound dropped to a 30-year low. (Parker, 2016) Countries who have a weak current account deficit and high inflation rate normally have a depreciating currency. If it depreciates slowly a depreciating currency can be good for an economy as it may improve its trade deficit over a period of time. However, a quick change may worry foreign investors, who could pull out of investments because they are unsure how much further the currency might fall, this puts a lot of pressure on a currency. (Radcliffe, 2017) There are a lot of reasons why a country might devalue their Currency. This includes to make exports cheaper, which make the country more competitive to overseas buyers, this could increase the number of jobs needed in the export sector. As well as to shrink a trade deficit (when there are more imports than the value of exports). If exports increase and imports decrease this is because exports are becoming cheaper and imports more expensive this reduces the demand for the imports. Instead of importing expensive raw materials countries may look to produce them domestically. It can also increase economics growth which will cause a higher real GDP and a higher inflation. A government may want to reduce their debt expenses, so they devalue the currency to make their payments less over time. However, this could cause a currency war, which is a race to the bottom, as lots of countries do have some debt to pay. There are also other negative results from devaluing the currency, it causes uncertainty in the global markets that can cause a recession. It also causes high risk of inflation. Devaluing the currency is considered to be the last stage after all other methods have been tried. (Economicshelp.org, 2017) There are people though who are benefitting from the devaluation of the pound. Visitors to the UK are as they have more money to spend, they get more pounds for there dollar or euro. Also British manufactures like it because their goods look cheap to foreign buyers. Foreign investo>GET ANSWER