III. INCREASE RATE OF TOTAL AND ELDERLY POPULATION IV. IMPACT OF THE RISING ELDERLY ON ECONOMIC SOCIAL SYSTEMS V. ECONOMIC EFFECTS ON CHINA’S ECONOMY VI. CURRENT SOCIAL PROGRAMS FOR THE ELDERLY VII. FUTURE SOCIAL PROGRAMS FOR THE ELDERLY VIII. POSSIBLE ECONOMIC IMPACT ON LABOR‚ FAMILY‚ AND WORKING-AGE IX. CONCLUSION INTRODUCTION Thirty-five years ago the proportion
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GROWTH OF INSURANCE INDUSTRY – POST LIBERALIZATION INTRODUCTION : The journey of insurance liberalization process in India is now several years old. The first major milestone in this journey has been the passing of Insurance Regulatory and Development Authority Act‚ 1999. This along with amendments to the Insurance Act 1983‚ LIC and GIC Acts paves the way for the entry of private players and possibly the privatization of the hitherto public monopolies LIC and GIC. Opening up of insurance to
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Determinants of Economic Growth in Developing Countries: A Panel Cointegration Approach Zequn (Charlie) Li December 19‚ 2014 Economics 385 St. Olaf College Abstract Many factors influence the economic growth process. Especially‚ the inflow of foreign direct investment (FDI) has been found to play a crucial role in the economic growth of receiving countries. This paper examines determinants of economic growth in developing countries from 1991 to 2010. Using panel cointegration approach
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individuals and families directly affected‚ but also to local and regional economies and the economy as a whole. We can make a distinction between the economic costs arising from people out of work and the social costs that often result. Lost output of goods and services Unemployment causes a waste of scarce economic resources and reduces the long run growth potential of the economy. An economy with high unemployment is producing within its production possibility frontier. The hours that the unemployed
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Education policy is a touchy subject in America‚ especially with the decline in test scores among American public schools. Many people blame teachers for not helping students. Others use the age-old argument that the younger generations “just don’t care anymore.” However‚ the problem is more nuanced than that. One problem is that becoming a teacher is not a viable option for many. Due to the under-funding of education‚ many teachers have to settle for much lower wages than those in other countries
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Economic growth is the overall growth in an economy. Gross National Product and Gross Domestic Product are the normal measures of economic growth. Because growth can come in many ways‚ GNP and GDP are not particularly good measures. More so‚ economic growth can occur from having more people in an economy. If economic growth occurs more slowly than the population growth‚ then there can be economic growth‚ but the average person is less well-off. As economic growth is measured as the annual percent
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The Roaring Twenties was a strong time period for mass American culture‚ morale‚ and the economy. Contributing to this economic prosperity was the agricultural and food industry. However‚ this boom did not continue for long. In the height of World War I‚ farmers were producing more goods than ever before. Britain and France presented a huge demand for foreign food supplies to feed their populations on a regular basis. After the first World War ended and countries returned to relying on their own
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THE IMPACT OF EXTERNAL DEBT ON ECONOMIC GROWTH IN NIGERIA. BY ABUBAKAR SADIQ SALEH Department of Banking and Finance‚ University of Abuja abubakar008@yahoo.co.uk ABSTRACT Debt is borrowing that is either for the purpose of smoothening the consumption path in the face of transitory shocks or as a means of supplementing domestic savings in order to expand productive capacity and raise the long – run growth rate. The objective of this work
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the public becomes increasingly pragmatic regarding cross-strait issues over economy. The survey was conducted by CommonWealth ‚ one of Taiwan’s most prestigious magazines regarding economic and financial matters‚ and the results was released Jan. 1 2008 (1). Despite of the lack of confidence with Taiwan’s economic performance among local people‚ the U.S.-based Business Environment Risk Intelligence ranked Taiwan sixth in the world and third amongst Asian countries in terms of a low-risk investment
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MONETARY POLICY Intro- • MP alongside FP is a major policy instrument of the govt’s macroeconomic management to maintain a sustainable rate of eco growth‚ promote eco prosperity and welfare for the Aust economy. • Define MP • MP is implemented by RBA (which is independent of govt. influence) • Outline key objectives of MP Para 1- • MP plays a counter-cyclical role in the Aust economy (changes in stance are used to smooth out fluctuations in output over the business cycle.) o I.e. MP is
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