India has witnessed recent episode of excessive volatility leading to sudden and sharp Depreciation of Indian Rupee against US Dollar. In 2013‚ the Indian Rupee breached the 57 per Dollar mark & reached to 65- its all-time low against Dollar. International trade and investment decisions become more difficult due to volatile exchange rate because volatility increases exchange rate risk. If the participants in international trade are aware about exchange rate risks‚ they may prefer to switch to domestic
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NIGERIA AND OIL By: Fariha Ahsan‚ period 5 This article displays a vivid picture for us about the conditions in Nigeria due to the oil reserves. Though Nigeria contained the potential to strive and become a wealthy oil nation‚ leaving the cocoon of poverty encompassing Africa- it became trapped in a lot of corrupt dealings. Today‚ the Niger Delta in Nigeria has caught the attention of world wide humanitarian and environmental activists. The article states how in the past‚ the corrupt government
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Project report On Rate of Exchange and Foreign Investment The Indian case from 2009-10 to 2011-12 Acknowledgement As a part of PGDM curriculum at Birla Institute of Management Technology‚ the preparation of this project report has been a unique and rewarding experience. Apart from our efforts‚ the success of any project depends largely on the encouragement and guidelines of many others. We take this opportunity to express our gratitude to the people
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IMPACTS OF PUBLIC DEBTS ON THE ECONOMIC GROWTH Government debt is also known as public debt. It is the debt owed by a federal government to the internal or external sources. It is required when the stocks of government securities are insufficient to cover previous budget deficits. Budget deficits occur when the level of government expenditures exceeds its revenues. Based on macroeconomic theory‚ the level of government expenditure must be positive with the economic growth. The higher the expenditure
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THE EFFECTS OF EXCHANGE RATE IN INFLATION OUTPUT AND THE CURRENT ACCOUNT ABSTRACT The empirical studies on the effects of changes in exchange rates on inflation and real activity can be broadly divided into four categories: Single-equation econometric methods‚ Vector autoregressive (VAR) models‚ Structural macro econometric models and DSGE models - Dynamic stochastic general equilibrium. Methodologies: First‚ most participants use single-equation econometric methods that estimate
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Oil and Gas PricesOil and Gas 2There are many issues that cause the cost of oil and gas to increase. The main contributing issue to the increasing cost of oil and gas is supply and demand‚ when demand is greater than supply‚ the price of oil and gas will increase. The factors that affect supply include increased demand‚ problems with refineries and pipelines‚ and disruption to supply or threat of disruption to supply.With the increased demand for oil in the United States and other countries such
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emergence of the magic bullet theory. They include: • `the fast rise and popularization of Radio and Television • Emergence of persuasion industries such as Advertising and Propaganda • The Payne fund studies of 1930s‚ which focused on the impact of motion pictures on children‚ and • Hitler’s monopolization of mass
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established that the Existence of an efficient and effective human capital is the key to economic growth and development in any nation. This stems from the fact that every other facility and resource required for economic development is driven by the availability of human capital. More so‚ in the absence of effective human capital development‚ an increasing population can have adverse negative effect on the economic growth of a nation. This is because a lot more resources is taken out to manage and cater
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Economic growth From Wikipedia‚ the free encyclopedia This article needs additional citations for verification. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (April 2011) GDP real growth rates‚ 1990–1998 and 1990–2006‚ in selected countries. Rate of change of Gross domestic product‚ world and OECD‚ since 1961 Economic growth caused the production-possibility frontier to shift outward. Economic growth
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CHAPTER ONE INTRODUCTION This project focuses on the poverty profile in Nigeria‚ the foreign aids given to the nation to help alleviate poverty and how it affects the economic development of Nigeria. According to the World Bank website‚ “poverty is hunger. It is lack of shelter. Poverty is being sick and not being able to see a doctor. It is not being able to go to school‚ not knowing how to read‚ and not being able to speak properly. Poverty is not having a job‚ and is fear for the future‚ and
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