FDI and Economic Growth in the Export-Oriented Economy of Fiji: Some Empirical Results RUKMANI GOUNDER School of Economics and Finance‚ Massey University‚ Palmerston North Email: R.Gounder@massey.ac.nz Abstract This study examines the role of Foreign Direct Investment (FDI) in in the case of Fiji since 1970 to 2010 in the climate of four military coups in this period. In the early stage of industrialization‚ the government of Fiji turned the island economy into an Export Processing Zone. The objective
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BE 2403 ECONOMICS FOR NON ECONOMISTS Free Market and Command Market Introduction Globally‚ there are at least 4 well known economy systems that are used by countries around the world. They include the traditional market‚ free market‚ command market and mixed market. Certainly‚ the way government policies work and their influence on the economic growth of their country vary depending on which economic system is used. It is also important to note that these different systems of economy management
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the four functions of an economic system? Contrast the way in which market economies and mixed economies attempt to solve the economic problem. Use relevant statistics and specific examples to illustrate your answer. The economic problem arises because of the scarcity of resources in relation to unlimited wants. A market economy such as Greece is an economy in which decisions are decided entirely by market forces such as supply and demand. In comparison‚ a mixed economy such as Australia is a
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Economic growth brings greater happiness- how far do you agree with this statement? What is happiness? It is just one word‚ but every person has his own view on this question. Happiness is a basic of nature. Somebody think that it is God’s gift or result of luck‚ but some people claim that happiness is in your hands‚ you do it by yourself‚ you have to achieve your aims to be happy. Some people confuse happiness to pleasure‚ pleasure is a drink of water in the hot day‚ a comfortable bed after difficult
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Economic Growth Economic growth is defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living standards and rising employment. Short term growth is measured by the annual % change in real GDP. Economic growth is an increase in real national output or an expansion of the economy’s long-run productive potential. It is measured by the percentage change in real GDP or GNP. Inevitably there are fluctuations in the rate of growth
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วารสารมหาวิทยาลัยราชภัฏยะลา Journal of Yala Rajabhat University 131 Government Expenditure and Economic Growth in ASEAN-5 Economies: an Autoregressive Distributed Lag (ARDL) Approach Hussin Abdullah* Muzafar Shah Habibullah** Siong Hook Law** ABSTRACT In this paper‚ we examine the relationship between components of government expenditure and economic growth in ASEAN-5 using the autoregressive distributed lag (ARDL) approach developed by Pesaran‚ Shin‚ and Smith. Bound testing approaches
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Colombia is a free market economy with major commercial and investment ties to the United States. Transition from a highly regulated economy has been underway for more than a decade. Colombia‚ with its Andean neighbors Peru and Ecuador‚ is currently negotiating a free trade agreement with the United States. Agriculture has traditionally been the chief economic activity in Colombia. An extremely wide variety of crops is grown‚ depending on the altitude‚ but coffee is by far the major crop
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To what extent is economic growth beneficial for global economies? Economic growth is defined as the expansion of the productive capacity of an economy. An increase in resources causes an area to produce more goods or services in a given period of time – as shown on a production possibility frontier (PPF) diagram‚ where the curve shifts outwards. The PPF is a curve showing the maximum combinations of goods and services that can be produced in a given period with available resources. The improvement
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16712 The Relationship Between Unemployment and Economic Growth in Jordan and Some Arab Countries Mahmoud A. Al-Habees and Mohammed Abu Rumman Faculty of Planning and Management‚ AL-Balqa Applied University‚ Jordan Abstract: Unemployment is a negative phenomenon in any human society as it adversely affect in different dimensions and directions. In addition‚ it refers to an economic defect affecting the community structure. Thus‚ the economic and social dimensions of unemployment increase complexity
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freedom from dictatorship as the government strives to make every citizen truly free – first and foremost from hunger and poverty. Aquino discusses the importance of a country’s freedom and how the Philippines achieved its freedom through peaceful means. One of the privileges of this acquired freedom is that we are able to have an economic system which is well known for its competition and consumer independence; the market economy. The government has absolutely no authority to interfere with the business
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