Challenges: energy supply (South Africa) Capacity constraint that has arisen precisely because of the country’s strong economic performance in recent years is the largest immediate menace to South Africa’s continued economic growth. This growth‚ coupled with the rapid industrialisation and mass electrification programme of the last decade‚ eventually led to demand for electricity outstripping supply in January 2008. At the end of 2007‚ South Africa began to experience an electricity crisis. State
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Why Did Economic Reforms become necessary in India? What were the results of economic reforms? India’s economy‚ which had been one of the largest in the world till about three hundred years ago‚ had steadily deteriorated during the period of British Rule which lasted till 1947.The agricultural sector suffered the most which resulted in famines and extreme poverty. The yield per acre was low and there was a persistent threat of drought and flood. There was no efficient irrigation facility. The
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------------------------------------------------- Economic Development ------------------------------------------------- Definition of Economic Development Economic development is a process of economic transition involving structural transformation of an economy through industrialization‚ raising gross national product and per capital income. According to Lewis‚ Economic development means increase in output per head. According to Micheal Todaro‚ Economic development must be conceived of as a multi-dimensional
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China experienced the most volatile growth. Growth rates for Japan and South Korea [pic] In 1960‚ Japans has a largest growth rate for highest periods and the lowest growth rate was in 2009. And South Korea has the highest growth rate in 1999‚ and the lowest growth rate in 1998. 4. Most of Asian countries grow faster than US. But Hong Kong is not. But Philippines discontinue investment since 2000‚ so that less than the U.S. And the more slowly GDP growth rate is India. 6. Average
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SMALL BUSINESS IN ECONOMIC GROWTH AND POVERTY ALLEVIATION IN WEST VIRGINIA: AN EMPIRICAL ANALYSIS By Gebremeskel H. Gebremariam1 Tesfa G. Gebremedhin‚ and Randall W. Jackson RESEARCH PAPER 2004-10 ABSTRACT: The main objective of the study is to empirically evaluate the critical roles of small businesses in economic growth and poverty alleviation in West Virginia. In OLS and 2SLS regression analysis a positive relationship exists between small business and economic growth. A strong inverse
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AND ECONOMIC GROWTH Nigeria as a developing economy cannot achieve full development without the contribution of the small and medium scale enterprises (SMEs). In most developed economies‚ the main stay of their economy has been attributed to the effectiveness of the small and medium scale enterprises (SMEs). Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been associated with the rapid economic growth of countries
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Economic and Social Impact of the Financial and Economic Crisis on Egypt A Study Prepared for the ILO By Samir Radwan April 2009 Table of Contents Executive Summary......................................................................................................................................................................... 3 I. II. Introduction ......................................................................................................................................
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Economic Concern in South America American InterContinental University Abstract I am an employee of the World Bank. I was recently asked to conduct some research of an economic concern in a country in South America. After narrowing down my choices‚ I decided to take a closer look at Brazil. As a part of my research‚ I will be looking at their Gross Domestic Product (GDP). During this time‚ I will specifically be looking for relationship between their GDP and their
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for Lecture 4‚ 5 and 6 4.1 When and in which areas MAY local officials overstate or understate the economic growth rates? Briefly explain. 4.2 Indicate FOUR economic measures which are supplementary to and more reliable than the GDP data. 4.3 Between 1952 and 1978‚ the average annual growth rates of GDP and population were 6.0% and 1.9% respectively. Then how to calculate the average annual growth rate of GDP per capita? 4.4 China’s GDP measured at current or official exchange rate is much higher
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GDP? Inflation Economic growth Depression Recession Q39. Which of the following is NOT a part of macroeconomics? How to measure productivity How to measure the level of employment in the nation How to measure inflation How to measure the Gross Domestic Product Q41.Which of the following words does NOT relate to the average change in prices? Inflation Deflation Depression All of the above Q65. Economics is… a social science
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