Nepal is among least developed countries in the world and was listed as the poorest among the 121 countries in 1989. Various factors contributed to the economic underdevelopment including terrain‚ lack of resource endowment‚ landlocked position‚ lack of institutions for modernization‚ weak infrastructure‚ and the lack of policies conducive to development. With about one-quarter of its population living below the poverty line. Nepal is heavily dependent on remittances‚ which amount to as much as 29% of
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and Management Review (OMAN Chapter) Vol. 1‚ No.7; February 2012 Development of Small and Medium Scale Enterprises: The role of Government and other Financial Institutions By: Emmanuel O. Oni Ph.D & Daniya A. A. Department of Entrepreneurship and Business Technology‚ Federal University of Technology‚ Minna ABSTRACT Small and Medium Scale Enterprises constitute essential ingredients in the lubrication and development of any economy. In Nigeria‚ the story makes no remarkable difference as
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views about the relation between economic growth and financial development. First‚ financial development has impact on economic growth (i.e. Bagehot‚ 1873; Schumpeter‚ 1912; McKinnon‚ 1973; Shaw‚ 1973; Patrick‚ 1966; Goldsmith‚ 1969; Fry‚ 1973). Second‚ economic growth leads to financial development and that where there is economic growth financial development follows (i.e. Robinson‚ 1952). The third view‚ however‚ contends that both financial development and economic growth Granger cause one another
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Journal of Economics 11 : 1 (Summer 2006) pp. 19-34 Trade Liberalization and Economic Development: Evidence from Pakistan Bushra Yasmin‚ Zainab Jehan‚ Muhammad Ali Chaudhary* Abstract Unrestricted trade stimulates economic growth and bridges socioeconomic gaps existing in different countries of the world. Pakistan has adopted trade liberalization policies since the late 1980s with the same expectations. This study has empirically analyzed how trade liberalization has affected economic development
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2 Financial economic sector 04 1.3 Microfinance 04 1.4 Economy of Bangladesh 05 1.5 Objectives of the term paper 06 Chapter- 2 Conceptual issues 2.1 The Garment Industry of Bangladesh 06 2.2 Agriculture 07 2.3 Textile Sector 08 2.4 Manufacturing and Industry 09 2.5 Banking and Finance 10 2.6 Statistical Position of Economy in Bangladesh 10 Chapter-3 Database 3.1 Economic Transformation
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now the third-largest in Asia and the 13th largest in the world by GDP as of 2007. To trace back the economic development of South Korea‚ the former president Park Chung-Hee played a pivotal role‚ and was credited for shifting its focus to export-oriented favoring a few large conglomerates. Unlike his predecessors‚ Park showed a strong commitment to economic development‚ believing good economic performance as a primary means for enhancing his political legitimacy. Under the President Park Chung-Hee’s
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1. Why is the assumption of land as a homogenous factor of production no longer considered tenable? In classical economics‚ land along with labor and capital are considered as one of the factors of production. Land is often regarded as the original factor of production because it is found in nature and therefore not produces and cannot be derived from anything else. As a natural good‚ land was considered the source of wealth thus agriculture was the only sector that could increase it. Thus
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“Discuss the relationship between entrepreneurship‚ innovation and economic development. What role does sustainability play in this relationship? Refer to both theory and examples from the business world to support your discussion.” Introduction In today’s business world‚ the increasing focus on entrepreneurship education‚ innovation‚ economic development and sustainability are issues interrelated to business success. Although an optimal balance between these relationships is hard to attain‚
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POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different
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problems associated with economic development in Russia? Good. OK. Let’s begin. Good morning ladies and gentlemen. My name is … ‚ let me begin by giving our term of reference. It’s my privilege today to be talking to this distinguished gathering of professional experts in the field. My aim today is to discuss the main problems associated with economic development in Russia. I’ve divided my presentation into two sections. First‚ I’ll mention some words what is economic development. Secondly‚ I’ll tell
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