times. This situation occurs when the economy has been growing for some time leading to a build up of inflationary pressure as demand rises. In the late 1980s there was a cyclical boom in the economy that led to a large inflationary gap. Consumer demand increased by over 7.5% in real terms during 1988 and the economy was clearly over-heating with demand running ahead of the ability of the economy to supply goods and services. Controlling an inflationary gap The government may use monetary and or
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Current issue of offshore banking Illegal (criminal) financial transactions Most of the illegal financial transaction in offshoring is related to underground economy activity. The illegal economy includes all sorts of criminal activities‚ which are in conflict with the legal system. According to Siska (1999)‚ drugs‚ violence‚ nightmare‚ weapon‚ economy and property is the main field of organized crime. A person in a country A will move the fund abroad by contact underground banker and deposit a
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putting in his work. This information it can only be accessed with incurring the additional cost (agency cost). The challenge for the principal is to devise the contract which motivates the agent to a level of effort that would maximise the principals’ profit. Transaction cost economics ‘takes transaction as the focal unit of analysis’ (Alawattage‚ Wickramasinghe). TCE focus is on comparative understanding of the alternative arrangements within which transactions take place. It tries to explain why
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Transferred from Federal Government to the States? Point - Yes Cox makes some valid arguments in favor of restoring State powers that have been inappropriately assumed by the Federal Government and backs those arguments with examples and solutions. He believes that Congress should transfer powers to the States that are not the direct responsibility of the Federal Government through block grants being administered directly to the local State governments. Cox suggests a review of Federal programs
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NEIGHBORHOOD POLICING A PLAN OFACTIONFOR THE BOSTON POLICE DEPARTMENT SEPTEMBER 1992 Boston Hon. Francis M. Roache Police Commissioner Boston Police Department 154 Berkeley Street Boston‚ MA 02116 Dear Commissioner Roache: September 15‚ 1992 Neighborhood Policing: A Plan of Action for the Boston Police Department provides a framework‚ schedule‚ and list of tasks for converting all operations of the BPD to the practice of Neighborhood Policing‚ while meeting the basic need of
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essay: Whoever controls the media also controls opinions and attitudes of the people and there is little that can be done to rectify this. In some countries‚ the media is controlled exclusively by large companies; in others it is the government that has this control. Often‚ in a war situation‚ one of the first casualties is the media‚ which is seized by one group or another. This gives some support to the idea that the media is a source of power and control. Whoever controls the media also has ultimate
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The federal government as a system of governance tends to divide power between two parties‚ that is‚ the national government that is stronger and the local government which is smaller in size. The two states administered their authority directly through their officials and laws as well. It had a part to play in the domestic affairs of the nation. For this reason‚ therefore‚ this paper shall provide the role the federal government plays in the internal affairs. The benefits of a federal government
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Exploratory Social Media Project Phase I: Identifying benefits and concerns surrounding use of social media in government © 2009 The Research Foundation of State University of New York ii Table of Contents Introduction ................................................................................................................................................... 1 Exploratory Social Media Project ....................................................................................
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India has a federal form of government‚ and hence a federal finance system. The essence of federal form of government is that the Centre and the State Governments should be independent of each other in their respective‚ constitutionally demarcated spheres of Action. Once the fundamentals of the government are spelt out‚ it becomes equally important that each of the government should be provided with sources of raising adequate revenues to discharge the functions entrusted to it. For the successful
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SOCIAL ENTREPRENEURSHIP CAN SOLVE THE PROBLEMS IN NEW ZEALAND Social Entrepreneurship means identifying or recognizing a social problem and using entrepreneurial principles to organize‚ create‚ and manage a social venture to achieve a desired social change. It combines the passion with an image of business-like discipline‚ innovation‚ and determination. Social entrepreneurship reflects a growing sense today that many of the most promising solutions to global problems don’t necessarily
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