savings mobilization and financial resource allocation institutions. Consequently‚ these roles make them an important phenomenon in economic growth and development especially in countries where capital markets lag behind and financing needs of the economy generally flows from the banking system. It is interesting to note that the role of banks in saving mobilization and allocation of financial resources to various investment opportunities in the country dating back to the period of the establishment
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Human Geography – The Globalisation of Economic Activity 1. Uneven Development in the Global Economy * Globalisation * Characteristics * Processes * Impact on the world economy * Uneven global distribution of activities - Illustrate how globalisation has affected the economies of LDCs‚ DCs and NIEs * NIDL * Causes of the emergence of a new NIDL * Impact of the emergence of NIDL on the global economic activities * Impact of new technologies on
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Nigeria is basically an open economy with international transactions constituting a significant proportion of her aggregate output. To a large extent‚ Nigeria’s economic development depends on the prospects of her export trade with other nations. Trade provides both foreign exchange earnings and market stimulus for accelerated economic growth. 1 JOS JOURNAL OF ECONOMICS‚ VOL.4‚ NO.1 Several countries have achieved growth through an export–led strategy. Small economies in particular have very
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Development is a term that can be used in many different contexts whether it is social‚ economical‚ political etc. However generally development refers to an improvement in certain areas: • Economic o An increase in the country’s economy with a shift from secondary to tertiary industry which becomes less dependent on FDI. • Demographic o An increase in population and a more ageing population as standard of living increases. Birth rates and death rates drop as life
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deductions could turn out to be a risky tactic. Political Factors Posturing as concerned patriarchs‚ many politicians guide the electorate herd to the inevitable cattle shed of ’equal opportunity.’ Comparing the general view of politics held by the poor of the west with those of the east can be like comparing chalk and cheese. It is always
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the Different Economies in our Society” Raquel Moss Mr. George L. Edwards July 20‚ 2012 The Purpose of the different economies is so that society is able to answer the three questions: what‚ how and who to produce to. Because we live in a society full of scarcity‚ we face the economic problems of limited economic resources with that being the main issue. The society design and organized our economy into three different categories: Centrally Planned‚ Market and Mixed Economy. With this type
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DIIPER Development‚ Innovation and International Political Economy Research Aalborg University Fibigerstraede 2-8a DK-9220 Aalborg East Phone: +45 9940 9813 Fax: +45 9635 0044 Mail: diiper@lists.ihis.aau.dk Promoting micro‚ small and medium Enterprises (MSMEs) for sustainable rural Livelihood Eshetu Bekele & Mammo Muchie DIIPER RESEARCH SERIES WORKING PAPER NO. 11 ISSN: 1902-8679 © 2009 Eshetu Bekele & Mammo Muchie Promoting micro‚ small and medium Enterprises (MSMEs)
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The five-sector circular flow model represents an open economy like Australia’s‚ and demonstrates the important relationships between the different sectors in the Australian market economy. It is the last circular flow model because it does not have any assumptions that need to be left out such as governments and trade. The five parts of the model: households‚ firms‚ finance‚ Government and overseas sectors work collectively to form the economy. The inter-relationships between these sectors create
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by a Country for Economic Development: An economy is flourishing and is shown to be beneficial and fruitful for the people living in it only when the growth of the economy goes up continuously. It is essential for a country to not only develop politically or socially but it also needs to demonstrate economic development in order to sustain in the international market and in order to come ahead of other countries. But it is not very easy for any economy to economically keep growing because an umpteen
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wants to satisfy‚ and how to allocate resources to do this. The different economic systems include planned economies‚ market economies and mixed economies. Australia has a mixed-market economic system in which there is a mixture of control by the government and freedom of individual enterprise and in which the basic economic
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