est. US$1‚700 (adjusted by purchasing power parity). According to the International Monetary Fund‚ Bangladesh ranked as the 44th largest economy in the world in 2011 in PPP terms and 57th largest in nominal terms‚ among the Next Eleven or N-11 of Goldman Sachs and D-8 economies‚ with a gross domestic product of US$269.3 billion in PPP terms and US$104.9 billion in nominal terms. The economy has grown at the rate of 6-7% per annum over the past few years. Exports of textiles and garments are the
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What are the sources and limits of MNC power? 1. Introduction The purpose of this essay is to give a (more or less) detailed overview over the sources and limits of the power of multinational corporations (MNCs)‚ as MNCs are getting increasingly important as actors in political bargaining. Many other important aspects‚ such as the history or the financial management of MNCs‚ would by far exceed the scope of this paper. To make the topic clearer I want to start with some definitions in the
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his work continued in the areas of computer science and artificial intelligence (AI)–a term not invented until a few years after his death. Unfortunately‚ he was not recognized for his accomplishments and inventions until after well after his death. Alan Turing studied mathematics at the University of Cambridge and graduated in 1934 and completed is Ph.D. at Princeton University in mathematical logic in 1938. He returned to the UK in 1938 to a fellowship at King’s College. In 1937‚ Dr. Turing’s paper
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Simpson‚ and her friend Ron Goldman had many irregularities. This case became known as the “Trial of the Century”; many Americans followed the case throughout the trial because O.J. Simpson‚ who was once a pro-football player as well as an actor‚ was indicted on two counts of murder following the aforementioned deaths. In this paper I will highlight many of these and further explain the circumstances surrounding them. The bodies of Nicole Brown Simpson and Ron Goldman were found in the entrance
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In-arrears swap Also known as a delayed reset swap‚ an in-arrear swap is an interest rate fixed for floating swap that has its floating leg that pays at the regular payment date a rate that has just reset (usually that has reset two business day ago for Euro JPY and USD swap and that has just reset for GBP swap). In the case of swap paying every six months‚ the reset rate at the payment date would be fixed six months and two days ago in a regular swap only two days ago in the in-arrear version
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Meritocracy & Popular Culture Alger’s book‚ Ragged Dick‚ tells the story of an ambitious‚ industrious‚ and honest boy who through hard work and some luck climbs the ladder to a better life and a higher social status. According to Alger‚ he does this not by taking advantage of other people‚ but by keeping an eye out for opportunities‚ working hard‚ and improving himself. The picture I chose was drawn by Clay Butler in 1994. It depicts a Frankenstein-like creature standing on top of a pile of dismembered
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Wednesday it had reached a deal to acquire the North American investment banking and capital markets businesses of stressed US investment giant Lehman Brothers for $1.75 billion. 22 Sept *The Federal Reserve approved applications on Sunday from Goldman Sachs and Morgan Stanley to become bank holding companies‚ putting them directly under the regulatory supervision of the US central bank‚ the latest step to restore calm to chaotic financial markets. Update of July 21‚ 2008: So why did Richard
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left. (The idea of “two Americas” was a central theme of John Edwards’s 2004 and 2008 presidential runs.) What made the argument striking in this instance was that it was being offered by none other than the former five-term Federal Reserve Chairman Alan Greenspan: iconic libertarian‚ preeminent defender of the free market‚ and (at least until
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A study published by an independent research centre(CREATE) in 2003 shows a more diverse workforce finds it easier to hire because there is a wide market to select from‚ creates access to new markets and overall improves business performance. Goldman Sachs published a report in 2007 that concluded that closing
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materials. BRIC Countries’ Path to 2050 A country’s population and demographics‚ among other factors are affect the potential size of its economy and its capacity to function as an engine of global economic growth and development. As early as 2003‚ Goldman Sachs forecasted that China and India would become the first and third largest economies by 2050‚ with Brazil and Russia capturing the fifth and sixth spots. The chart below shows a more recent forecast of the world ranking of the biggest economies
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