Unemployment rates and Economic development factors in the time of 2008 global economic recession period: A comparative empirical study for Germany, England, Greece and Greece's Economic importance

21^st century period was characterized as a period of changes having many factors affected, with economical factor holding the reigns. With 2008 global Economic recession emerging, economy and Economic development suffered from many disturbances resulting in rising Unemployment rates. This Economic crisis affect countries differently, many of which were economically stable enough, such as England and Germany and many were affected tremendously from this economic plague, such as the country of Greece. The purpose of this paper is to analyze the relationship between Unemployment rates and Economic development factors, collecting relevant data for Germany, England and Greece, three countries of tremendous importance regarding the 2008 global economic recession and eventually compare the results. The reason this paper was created was to provide those factors as regarding the data selected, that affect the most the Unemployment rates factor in the 2008 global Economic recession period. Through research through the paper, empirical analysis and simulation modeling we discover proof that R&D Expend in regional density factor, have a significant negative impact on Unemployment rates in regarding those three European countries of utmost importance.