What is HDI? The Human Development Index (HDI) is a composite statistic used to rank countries by level of "human development"‚ taken as a synonym of the older terms "standard of living" and/or "quality of life"‚ and distinguishing "very high human development"‚ "high human development"‚ "medium human development"‚ and "low human development" countries. HDI was devised and launched by Pakistani economist Mahbub ul Haq‚ followed by Indian economist Amartya Sen in 1990. The HDI is a comparative measure
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India is the largest producer of sugar in the world. In terms of sugarcane production‚ India and Brazil are almost equally placed. In Brazil‚ out of the total cane available for crushing‚ 45% goes for sugar production and 55% for the production of ethanol directly from sugarcane juice. This gives the sugar industry in Brazil an additional flexibility to adjust its sugar production keeping in view the sugar price in the international market as nearly 40% of the sugar output is exported. The annual
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’India has a potential to lead the world’ - Management Guru at NMIMS July 26‚ 2008 [pic] Mumbai: Leading management Guru Prof. C. K. Prahlad‚ visited the Narsee Monjee Institute of Management Studies (NMIMS) recently to lay out his vision for India@75. The event was organized by NMIMS in partnership with the Confederation of Indian Industry (CII) and Yi. Prof. Prahlad‚ while addressing faculty members and students of NMIMS and other distinguished academicians‚ corporate executives and members
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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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Philippines’ Economic Development Economic development: the qualitative process of structural change that involves the development of an economy’s economic and social infrastructure. Economic development involves the use of more resources or better quality resources to improve real increases in the quality of life of society. The construction of roads‚ railways‚ schools‚ hospitals‚ universities‚ dams‚ bridges‚ factories‚ power plants‚ ports and airport facilities are examples. Statistics: 1980
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International business China and India Population: Chinas population is 1.351 billion‚ china’s GDP 8.227 trillion USD. However Indians population is about 1.237 billion‚ Indian GDP $1.85 Trillion Economic growth: Gross domestic product (GDP) grew at an annual rate of 7.7% in the October-to-December period‚ down from 7.8% in the previous quarter. But it was still higher than the government’s target rate of 7.5%. China is trying to maintain strong growth while rebalancing its economy. China has said it wants
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Economic Power Shifts East Introduction GDP of a country and GDP growth rate are two important metric based on which economic prowess of a country can be measured. While east is behind west in terms of gross GDP numbers‚ reverse is true for GDP growth rate. The center of economic power has shifted from the West to the East. World is witnessing a change in economic structure and is going through a transition .Following data shows 12 fastest growing economies. Country GDP Growth 2012 GDP Forecast
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Globalization in China and India Globalization refers to “worldwide interconnectedness‚ evidenced in global movements of natural resources‚ human labor‚ finance capital‚ information‚ infectious diseases‚ and trade goods” (Haviland‚ Prins‚ Walrath & McBride‚ 2008‚ p.19). Along with the movements of these products and peoples comes the traveling of ideas and beliefs also. The world seems to have become smaller due to the technological innovations in communication‚ travel‚ and availability of
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INDIA’S DEVELOPMENT STRATEGY PRIOR TO 1991-AN EVALUATION Prior to 1991‚ India followed mixed economy and the control of critical industries such as coal mining; steel‚ power and roads were under the control of the govt. The private sectors were allowed to establish certain industries again under the rules and regulations of the govt. In case of the public sector‚ the Govt invested a large amount and the purpose behind this strategy was to remove poverty‚ reduce inequalities in the distribution of
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FOR BRAZIL‚ Russia‚ India and China‚ the acronym is BRIC. Out of these four counties the last two ‘IC’- India and China - are in limelight in the eyes of worldwide investors. Chinese dailies are full of the news of huge market capitalisation of top five Chinese companies‚ one of which (Petro China) has created a world record by being first company of the world to have market capitalisation of over one trillion dollars. This article compares the two hot countries of Asia. Comparison of economies
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