ENTERPRISES AND ECONOMIC GROWTH Nigeria as a developing economy cannot achieve full development without the contribution of the small and medium scale enterprises (SMEs). In most developed economies‚ the main stay of their economy has been attributed to the effectiveness of the small and medium scale enterprises (SMEs). Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with the rapid economic growth of
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India has 2 major obstacles in the way to progress-corrupt govt officials and criminals in politics. The 2 are so much hand in glove that it is impossible for an honest man to work without facing threats to his/her life. The Q therefore is what we can do to weed the 2 out so that this country may make progress speedily. THE MAIN reason behind increasing corruption is money. The question remains what is the solution? Now a day‚ every individual wants to be rich‚ acquire as much wealth as possible
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Johann Philip Sanchez 11107052 CONADEV K34 Economic development has been influenced by four different major theories that talk about how change is best accomplished. The theories are the Linear Stages of Growth theory‚ the Structural Change theory‚ the Neoclassical Counter Revolution theory and the New Growth theory. The linear stages of growth model is something like the Marshall Plan‚ which was used to rebuild the war-torn countries of Europe after the war. This theory basically believes
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Economic changes in India Development is not a finite time length television episode but an everlasting phenomenon. It started with the birth of humans and will end with the end of humanity. If the economic history of India is studied it will be noted that India has undergone drastic Economic changes since ancient times. From the barter system to the leading nation in the world the Economy of India has changed a lot indeed. This happened due to a variety of reasons few of them being industrial
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country? Surveys are made and reports being churned out that state the economic growth of a nation. Does the rate of this economic growth a true indicator in this regard? If that is true why is it then that even in the 21st century decades after the industrialization and years after globalization the proportion of developed countries to under-developed countries is still wide enough? The answer lies in the economic development of these countries. If the gross domestic product or national income
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The Civil War was a revolutionary experience for both Northerners and Southerners. Both sides involved witnessed change but for African slaves the effect of the Civil War was the most drastic. n the north the union won the war and emancipated slaves‚ getting their way in the war. In the north the war had a great impact on the economy and society. The economy as inflation rose almost 80% and taxes were put in place (income tax) also a national banking system was created. The war needed a mass production
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Economic Growth Of India In 2011 India has one of the fastest growing economies in the world. The Indian economy is characterized by population bursts‚ poverty‚ unemployment and child labour. These rising issues have become a major concern for the Indian economy but yet have proven to bring a raise in the Indian economy for the 2011 year. This economic burst will not be sustainable for the Indian economy in the approaching years. Researchers have found that India is becoming a very populous nation
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2. Can the institution of Lokpal reduce corruption in India? Corruption is a universal phenomenon. No society is free from it. As far back as 200 b.c.‚ Kautilya had defined and identified different varieties of corruption and had lamented that‚ “Just as it is impossible not to taste the honey that finds itself at the tip of tongue‚ its impossible for the government servant not to eat up a bit of king’s revenue‚ Just as it is impossible to detect whether a fish swimming through water drinks it or
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The State of Microfinance in India: Emergence‚ Delivery Models and Issues • Tiwari‚ Rajnish. & Herstatt‚ Cornelius.‚ 2010. Excellent Target: Indian Investment in Germany‚ Contact India‚ Vol. 2‚ June‚ pp. 18-19. • Verma‚ Binita.‚ 2005. ‘Problems and Challenges of India’s International Trade during the Post-Reform Period’‚ In: Jiwitesh Kumar Singh[Ed.]: International Trade and Business-Emerging and Challenges in the 21st Century. New Delhi: Deep and Deep Publications.p.20. • World Bank
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Corruption Free India‚ Dream or Reality? Corruption in the Indian society has prevailed from time immemorial in one form or the other. It is a result of the connection between bureaucrats‚ politicians and criminals. Earlier‚ bribes were paid for getting wrong things done‚ but now bribe is paid for getting right things done at right time. The major cause of concern is that corruption is weakening the political body and damaging the supreme importance of the law governing the society. Considering
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