such a wide category‚ it can be split into social and economic factors as well as simple and composite indicators. To start with‚ many economic indicators are used to measure a country’s development. GDP (Gross Domestic Product)‚ this is the total value of goods and services produced in a country. GNP (Gross National Product) includes income from investments abroad and PPP (Purchasing Power Parity) takes into account local cost of living and is usually expressed per capita. These are the three main
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Many aspects affect the way international business is conducted. Differences in the social‚ cultural‚ economic‚ legal and political conditions of the country affect international business procedures in different levels and degree depending on the countries infrastructure and relationship. Social differences range from a country’s income per consumer‚ literacy rates‚ religious beliefs and code of ethics. Social conditions affect the way companies conduct business and the development and promotion
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YLD Security Fund Demander Borrower/Debtor/C.I. Security Supplier/Issuer Macroeconomics U1: Blanchard Chs. 1~2‚ 27 Macroeconomics [1] by C-J Huang 1 1. Overview of the Modern Macroeconomy 1.2 Key Indicators (1) • Key Indicator (1): GDP GNP Y Aggregate [Total] Output Measured in National Income and … Accounts Nationality Residence Domestic Foreign Domestic A
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The failure of the Philippine economy to achieve a full industrialized state is a confluence and a result of political and economic policies that can be traced back to as far as the post war period. The Philippine post war economic policy is said to have taken the trajectory of Import Substitution Industrialization (ISI) —which puts premium in strengthening the locally owned industries catering to a huge domestic market to contain dollar outflow and encourage domestic entrepreneurship (Kuruvilla
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The term ‘economic disparity’ would literally translate to the differences in incomes and wealth between different economic strata in society. In any economy‚ therefore‚ disparities are bound to exist‚ since levels of skills‚ contribution‚ ownership and wealth do vary. This is as true of fully developed economies as it is of developing and underdeveloped ones. In India‚ however‚ we use the term very specifically‚ to point to the yawning gap that exists between the rich and the poor. We acknowledge
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Globalization & Sustainable Development Globalization allows the creation of additional value and increase efficiencies for national economies. In essence‚ this model aims at promoting productivity‚ connectivity‚ and specialization. However‚ global trade focuses on the economic wellbeing of nations in isolation of the environments they operate in. This stems from the fact that globalization rests on the views of capitalism; a system that calls for free market trade. This view of development
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Philippine International Trading Corporation (PITC)‚ a line corporation under the Department of Trade and Industry (DTI)‚ is a self-sustaining government corporation operating under its Revised Charter‚ Presidential Decree (PD) 1071 (1077) as amended. Since its establishment in 1973 as the government’s only international trading corporation‚ Philippine International Trading Corporation (PITC)‚ has been in the forefront of the Government’s economic agenda on market expansion‚ global competitiveness
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Development can be defined in an economic‚ social‚ l and sustainable sense. Most early measures of development have been economic based and countries have been grouped together by their economic development. Using measures of development such as GDP and GNP from post WW2 countries have been described as first‚ second or third world countries‚ developed or underdeveloped‚ described in relation of the Brandt line‚ MEDC or LEDC‚ FCC‚ OPEC and now today we use the development continuum of MEDC – BRIC –
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makes less dramatic changes than exponential growth II. The rule of 70 calculates doubling time: 70/percentage growth rate=doubling time III. Economic growth is measured by an increase in: Gross national product (GNP) Gross domestic product (GDP) Gross world product (GWP) per capita GNP IV. Developed countries (U.S.‚ Canada‚ Japan‚ Australia‚ New Zealand‚ countries of Europe): include 20% of the world’s population (1.2 billion people) have about 85% of the world’s wealth and income use about
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real output‚ mainly using long-term time-series data retroactively available from the Meiji Period (1868–1912). The empirical results indicate little evidence against the long-run neutrality of money (especially defined as M2) with respect to real GNP. In addition‚ such findings are robust to a wide range of identifying assumptions. Keywords: Long-run monetary neutrality; Long-term time-series data; Structural changes; Unit root tests; Bivariate structural vector autoregression (VAR) JEL Classification:
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