Question: How far does foreign aid contributes to the economic development of the poor countries? Answer: Developed or rich countries help developing or poor countries by providing aid to them. Currently lots of third world countries receive foreign aids from developed countries. This situation is lasting for many years and has both positive and negative aspects. Foreign aid from various sources can reach recipients through bilateral or multilateral delivery systems. Literally the world is becoming
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into outputs by firms in order to earn profit. Production can be divided into two types‚ that is short-run production and long-run production. Production in the short-run is the production period of time over which at least one factor is fixed as production in the long-run is the production period of time long enough for all factors to be varied. As mentioned by Sloman‚ (2004)‚ production in the short-run is subject to diminishing returns. The law of diminishing (marginal) return applies whereby there
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ADVANTAGES AND DISADVANTAGES OF INTERNATIONAL TRADE International trade allows countries to exchange good and services with the use of money as a medium of exchange. Several advantages can be identified with reference to international trade. However international trade does have its limitations as well. Discussed below are both advantages and disadvantages of international trade. Advantages • Greater variety of goods available for consumption – international trade brings in different varieties
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Indian Foreign Trade Policy (FTP 2009-14) In the last five years India’s exports witnessed robust growth to reach a level of US$ 168 billion in 2008-09 from US$ 63 billion in 2003-04. India’s share of global merchandise trade was 0.83% in 2003; it rose to 1.45% in 2008 as per WTO estimates. India’s share of global commercial services export was 1.4% in 2003; it rose to 2.8% in 2008. India’s total share in goods and services trade was 0.92% in 2003; it increased to 1.64% in 2008. On the employment
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INDIA S FOREIGN TRADE POLICY 2009-14 By Cybex Exim Solution Pvt Ltd. INDIA S FOREIGN TRADE POLICY 2009-14 What is Foreign Trade Policy? The Union Commerce Ministry‚ Government of India announces the integrated Foreign Trade Policy FTP in every five year. This is also called EXIM policy. This policy is updated every year with some modifications and new schemes. New schemes come into effect on the first day of financial year i.e. April 1‚ every year. The Foreign trade Policy which was announced
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Name: Course: Tutor: Date: Importance of foreign trade to a nation This paper explores 7 published articles that reports on the Foreign trade to a nation. The articles define foreign trade as the exchange of capital‚ products‚ and services crosswise over universal fringes or regions. In many nations‚ such exchange stand for to a huge impart of Gross Domestic Product home (GDP). While global exchange has been available all through much of history‚ its investment‚ social‚ and
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1.The History of China’s Foreign Trade ◆Chinese foreign trade began as early as the Han dynasty (206 B.C.-A.D. 9)‚ when the famous "silk route" through Central Asia was pioneered by Chinese envoys. In old days‚ China’s foreign trade was flourishing but foreign trade was never a major economic activity. ◆During the first thirty years since the founding of the People’s Republic in 1949‚ Foreign trade did not account for a large part of the Chinese economy . The early 50’s of last century‚ China’s
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ADMINISTRATION ECONOMIC ENVIRONMENT OF BUSINESS | [INDIA’S FOREIGN TRADE] | Submitted by: Angela Raja (F12070)‚ Aditi Vijayakrishnan (F12065)‚ Rini James (F12105) | Table of Contents History of India’s Foreign Trade 2 Post-Independence Foreign Trade 3 Trends in Indian Trade 5 How is it carried out by India? 7 Trade Performance: 2008-2012 7 India’s Exports & Imports 9 Balance of Payments 15 Foreign Trade Policy‚ 2009-14 25 Weaknesses & Strengths of India’s Imports
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http://web.worldbank.org/WBSITE/EXTERNAL/COUNTRIES/SOUTHASIAEXT/EXTSARREGTOPINTECOTRA/0‚‚contentMDK:20592520~menuPK:579454~pagePK:34004173~piPK:34003707~theSitePK:579448‚00.html India: Foreign Trade Policy | | | | | India: Foreign Trade PolicyAlthough India has steadily opened up its economy‚ its tariffs continue to be high when compared with other countries‚ and its investment norms are still restrictive. This leads some to see India as a ‘rapid globalizer’ while others still see it as
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DISADVANTAGES OF LEARNING FOREIGN LANGUAGE By Rebekah Richards Learning a foreign language has some obvious benefits: you can learn about other cultures‚ improve your job prospects and travel through foreign countries more easily. However‚ learning a foreign language has some disadvantages‚ too‚ such as the cost of language courses and the time it requires. Weighing the costs and benefits can help you decide whether learning a foreign language is the right choice for you. Learning foreign language
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