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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30 September 2010 The relation of consumption and investment in China The Financial Times carries a comment by the author of this blog on a column by Martin Wolf‚ its chief economics commentator‚ on the development of consumption in China. Martin Wolf has a justified reputation as probably the world’s most influential economics columnist. However‚ in this case‚ his argument confuses the issue of the low percentage of consumption in China’s GDP with the rate of growth of China’s consumption and
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is a good tool to balance economic‚ social‚ technical and environmental objectives. Productivity and poverty alleviation. There is strong macro-economic and statistical evidence that the more effective (productive and competitive) the national economy‚ the higher the personal income of workers and the lower the rate of inflation in the long-term. It also means more national income for social distribution for those who are young‚ old‚ handicapped or unemployed. Better productivity also provides
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QUE: “Ghana is a mixed but capitalist oriented economy.” Critically examine this statement. Introduction Gold Coast‚ now Ghana had his independence in 1957 after a long struggle with our colonial masters‚ the British by Kwame Nkrumah and others who helped in diverse ways such as “the Big Six” and others. Colonized by the British‚ Ghana has gone through a lot of systems of governance; Monarchical‚ autocracy and now democracy. So is with economic systems which go with any form of governance system
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Liberalism and Mercantilism International political economy is an important subdiscipline of international relation. It has three main ideologies‚ Liberalism‚ Mercantilism and Marxism. In this essay there will be three parts‚ first part is to demonstrate what the Liberalism and Mercantilism are on the perspective of international political economy and then the second part is to compare and contrast these two ideologies of political economy. At last‚ give a conclusion to the Liberalism and Mercantilism
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Globalization is the "shrinking" of the world and the increased consciousness of the world as a whole. It is a term used to describe the changes in societies and the world economy that is a result of dramatically increased cross-border trade‚ investment‚ and cultural exchange. Globalization has been dominated by the nation-state‚ national economies‚ and national cultural identities. The new form of globalization is an interconnected world and global mass culture‚ often referred to as a "global village. “(Bhagwati
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Stock market: Barometer of indian economy Many assume that the stock market represents the state of the economy. That is the primary reason for this distorted obsession about the market. There are several factually incorrect assumptions about the role of the market‚ says R. Vaidyanathan. | IT is that time of the year when many suggestions are offered to the Finance Minister to modify the Budget to boost the stock market and‚ through that‚ the economy. This year the market is already in an upswing
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Introduction Globalization is the captivating catchword all over the world. Some may praise its gainful fortunes while others denigrate its disfavoring vices. Globalization‚ as an economic phenomenon‚ denotes the integration of national economies to global economy through trade‚ investment and capital flows. Globalization helps move people and flow technology over international boundaries. It removes borders and barriers to trade between nations .In fact globalization deepens international relationships
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countries in Canberra‚ Australia‚ APEC has made great strides in facilitating and improving trade among its member countries. In the first decade after its creation‚ the economies of the member nations accounted for 70% of global growth economically. Objectives of APEC To enhance the positive gains‚ both for the region and the world economy as a whole resulting from growing economic interdependence; to develop and strengthen the open multilateral trading system; and to reduce barriers to trade in goods
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former Soviet Union has not been nearly as successful in making the transition from the communist era to a more market-based economy. According to Russia expert Bruce Parrott‚ not even the Russians are sure just what they want to be going forward. Although‚ the Russian economy faces serious challenges. Russian industry is not likely to regain an important role in a global economy that demands peak efficiency. Consequently‚ the export of primary commodities and raw materials is likely to remain the bulwark
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