Advantages and disadvantages of free higher education College and university education has become very important in today’s life. Wherever you see an advertisement for job‚ there is some certain criteria for certain posts. For example for marketing executive employers prefer MBA Marketing person‚ for eye surgeons hospitals prefer oculist. Without a college degree a person is unqualified for such posts. Some people believe that university graduates should pay the full cost of their education. Others
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Comments on The Present Global Financial Crisis and Sri Lankan Economy by Mr Ajith Nivard Cabraal‚ Governor of the Central Bank of Sri Lanka 10 October 2008 1. The Global Economy is in Turmoil. The ongoing financial crisis originated as a result of the subprime mortgage crisis (SMC)‚ erupted in mid 2007. The SMC erupted due to the bursting of the US Housing Bubble and high default rates on “Sub Prime Mortgages”‚ beginning 2006. The major cause for this financial crisis was the reckless providing
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American Free Trade Agreement‚ one of the largest free trade areas‚ which in 1994 established a free-trade zone between the US‚ Canada‚ and Mexico. NAFTA passed with some important negotiations to protect the environment and labor standards. In 2001‚ President Bush organized the proposal of expanding NAFTA to a Free Trade Area for the Americas‚ surrounding 34 countries and 800 million people by 2005. President Obama continues to push for expansion to CAFTA known as Central America Free Trade Agreement
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there are also reasons membership may be rejected. These reasons are explored in the sections below. Reasons for participation 1) Economic rewards: In the case of the North American Free Trade Agreement (NAFTA)‚ many different countries receive economic benefits from membership in the free trade agreement. For example‚ Mexican companies are given better access to U.S. markets due to their membership. 2) Political influence: Smaller countries‚ such as Portugal and the Netherlands‚ who do
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relates only to the incentive component of remuneration‚ not the whole package. But the principles underlying gainsharing differ fundamentally from systems where employer and employee are at odds in fixing a bargain‚ where the advantage to one is almost inevitably to the disadvantage of the other. Philosophy: the philosophy behind Gainsharing is basically that of making ’work’ into a ’win-win’ situation‚ where employees and the organisation* benefit directly from success of the operation . Direct financial
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Class/Group: K Assessment Title: Essay Assessment Topic: Critically evaluate claims that free trade is the most effective way to increase economic growth and global prosperity. Tutor Name: Iwona Pringle Student ID Number: 2172402 Date of Submission: 23 March‚ 2015 Essay topic: Critically evaluate claims that free trade is the most effective way to increase economic growth and global prosperity. Free trade is refer to the unrestricted export and import of products or services in international
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Free Trade Svante Lietzke – 2001585009 Trade between nations plays an important role in economies all over the world. By trading countries can specialize on the production of specific goods and services. But to secure the domestic economy countries came up with tariffs and taxes for important goods. Free Trade has been implemented to reduce trade barriers and made the trade volumes in the world increase significantly. Free Trade is promoted by the WTO (World Trade Organization) and it is based on
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2.1 The comparison of GDP between Malaysia and Sri Lanka and its reasons The Comparison of Gross Domestic Product between Malaysia & Sri Lanka Year Country | Gross Domestic Product-Real Growth Rate | Malaysia | Sri Lanka | 2009 | -1.70% | 3.50% | 2010 | 7.20% | 9.10% | 2011 | 5.10% | 8.20% | Gross domestic product (GDP) is one the primary indicators used to gauge the health of a country’s economy. This is the statistic
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THE ADVANTAGES OF FREE MARKET ( DISADVANTAGES OF COMMAND ECONOMY ) 1.Efficiency. free market economies are very competitive. Most of their industries are assumed to be perfectly competitive and so allocative and productive efficiency will occur.As their main aim is profit motive so free market economies allocate their resources more efficiently as compared to planned economy. Decisions about what to produce are made by the people who will actually consume the goods. Planners are less likely to
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Doing Business in Mexico Vanessa Reich A01299398 Commercial Trade Agreements in Mexico Presentation There are various trade agreements in the history of Mexico with various countries starting out with the GATT in 1986 (AAP 14 Panama). The most important one is the NAFTA (TLCAN)‚ which includes USA Mexico and Canada and makes up 27‚96% of world wide GDP. For Mexico international commerce is really important‚ because import and export are the key factor. Trde transactions make up 63.1 % of the
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