Economy of Singapore Singapore is a highly developed trade-oriented market economy.[10][11] Singapore’s economy has been ranked as the most open in the world‚[12] least corrupt‚[13] most pro-business‚[14] with low tax rates (14.2% of Gross Domestic Product‚ GDP)[15] and has thethird highest per-capita GDP in the world; in terms of Purchasing Power Parity (PPP). Government-linked companies play a substantial role in Singapore’s economy‚ which are owned through the sovereign wealth fund Temasek Holdings
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and earns foreign exchange. Indian economy was a backward and agricultural based economy at the time of Independence. After 61 year of Independence‚ the share of agriculture in total national income declined from 50 percent in 1950 to 18 percent in 2007- 08. But even today more than 60 percent of workforce is engaged in agriculture. In spite of this‚ it is also an important feature of agriculture that is to be noted that growth of other sectors and overall economy depends on the performance of
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whether to follow a command or market economy has significant influences on the countries potential and its people. A market economy is one that gives the people the freedom to shape the economy. Countries that have a market economy include the USA‚ Canada‚ and UAE. Command economy on the other hand‚ does the opposite where the government has full control on the economy. The USSR and North Korea both have a Command economy. Both of these types of economies have social goals and strive to benefit
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Introduction: Indian Railways is the nationalized railway company of India which owns and operates most of the country’s rail transport. It is the world’s second largest employer behind Chinese army; has one of the largest and busiest rail networks in the world‚ an extensive network‚ which is spread over 60000 Route Kilometre‚ of which approximately 30 per cent is electrified. The Indian Railways have played an integrating role in the social and economic development of the country ‚ transporting
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1. Open Economy vs. Closed Economy • Open Economy A country has an open economy if it is joining international trade‚ which exporting and importing are collectively together. Selling or buying of goods or services to a foreign country is allowed in this kind of economy. The Market-economy is mostly free from trade barriers and where exports and imports form a large percentage of the GDP. Imports give citizens of a country access to products and services provided by other nations
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A recap of how previous Philippine republics and administrations handled the country’s economy since the Spanish era‚ including their management of the economy. In the days wherein the Philippines was under the Spanish Republic the country was at a good spot in Asia. Manila and Cebu were the only European cities; we were one of the best countries in Asia when it comes to trading domestically and internationally. Before‚ we were always trading with mexico sharing our culture to them and them sharing
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1 CAPACITY UTILIZATION IN INDIAN AIRLINES Danish A. Hashim* Sir Ratan Tata Fellow Institute of Economic Growth Delhi. 110 007. INDIA. E-mail: danish_hashim@yahoo.com April 2003 Abstract The financial performance of the state -owned Indian Airlines has deteriorated since 1989- 90. The main reasons cited for the poor financial performance of Indian Airlines include: rising fuel prices‚ excess staff‚ serving uneconomic routes and increasing expenses on insurance. However‚ low capacity utilization
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Indians made a huge contribution to our modern culture and life‚ including economic‚ social‚ political‚ and environmental fields. Jack Weatherford in his book Indian Givers stated‚ that Indians who lived on the lands of Americas were very wise men‚ and they have taught the people from all over the world many useful things in many fields like industry and agriculture‚ food and culinary‚ economy and medicine. It is very important for people who live now to understand this and to be grateful for everything
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Today is most certainly a day of happiness and pride for us. We are proud of our freedom. We are proud of our democracy. We are proud of our values and ideals. But we should also remember that it has taken the sacrifices of lakhs of Indians to bring us where we are today. Our well being and progress have been built upon the foundation of the hard work and sacrifices of our freedom fighters‚ the brave jawans of our armed forces‚ our farmers‚ our workers and our scientists. Today‚ we remember
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GLOBAL ECONOMIES Global Economies: The New Paradigm of Trans-Global Industry and Commerce Submitted in Partial Fulfillment of the Degree of PhD in International Business and Program Management 1 Kelly Eugene Higgins I.D.: UD17818BIN25641 Atlantic International University‚ Honolulu‚ HI 8 June 2013 GLOBAL ECONOMIES Part 1 Reflection Despite the attempted global empires that have existed and flourished to greater or lesser extents throughout the history of human civilization‚ the
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