The rise in support for populist, nationalist, anti-establishment parties has been fueled by a wide range of issues and concerns. Which of the items below can be classified as PRIMARILY economic issues.*2 pointsWorries about the EU's "democratic deficit"Effects of austerity measuresFears about a loss of European identityThe Eurozone crisisFears about immigration.Flooding of western markets with cheap labour from the east
Question
The rise in support for populist, nationalist, anti-establishment parties has been fueled by a wide range of issues and concerns. Which of the items below can be classified as PRIMARILY economic issues.*2 pointsWorries about the EU's "democratic deficit"Effects of austerity measuresFears about a loss of European identityThe Eurozone crisisFears about immigration.Flooding of western markets with cheap labour from the east
Solution
The items that can be classified as PRIMARILY economic issues are:
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Effects of austerity measures: Austerity measures refer to official actions taken by the government, during a period of adverse economic conditions, to reduce its budget deficit using a combination of spending cuts or tax rises. These measures can lead to a decrease in public services, job cuts, and increased taxes, which can fuel support for populist, nationalist, anti-establishment parties.
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The Eurozone crisis: The Eurozone crisis was a period of economic instability in the euro area that began in 2009 and lasted into the early 2010s. It was characterized by high sovereign debt, banking crises, and high unemployment rates in certain Eurozone countries. The economic hardship experienced by many people during this time could have contributed to the rise in support for populist, nationalist, anti-establishment parties.
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Flooding of western markets with cheap labour from the east: This refers to the influx of workers from Eastern Europe into Western European markets, often willing to work for lower wages. This can lead to job displacement and wage suppression for local workers, which are economic issues that can fuel support for populist, nationalist, anti-establishment parties.
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