Human Development Index (HDI) The first Human Development Report introduced a new way of measuring development by combining indicators of life expectancy‚ educational attainment and income into a composite human development index‚ the HDI. The breakthrough for the HDI was the creation of a single statistic which was to serve as a frame of reference for both social and economic development. The HDI sets a minimum and a maximum for each dimension‚ called goalposts‚ and then shows where each country
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PPP (Purchasing Power Parity) in the long run. The parity reveals that prices in two different economies should be identical to each other when they expressed in terms of the same currency. It is a central building block in the monetary models of exchange rate determination. One of the most common practices‚ to test the validity of PPP is through unit root test of real exchange rate. In this paper unit root test has been done based on the data on Bangladesh and its major trading partner India‚ to
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The economy of India has developed rapidly in the last years to become the ninth largest economy in the world by nominal GDP with astonishing growth rates of gross national income per capita since 2002 (Google Public Data Explorer‚ 2011). India’s per capita income (in current US$) has nearly tripled from $470 in 2002 to $1340 in 2010‚ averaging 14.4% growth over these eight years (Google Public Data Explorer‚ 2011). However‚ India ranks a low 134 among 187 countries in terms of the HDI and its literacy
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Economic Indicators Paper What does it mean when someone refers to the health of an economy? Furthermore‚ how can one classify an economy? Americans love to quantify data. Because of this inherent need to compare data‚ economists have developed a way to collect nearly every type of statistics that may reveal the general health of the economy. These statistics actually tell if the economy is productive and efficient or if it is slow and inefficient. Included in these statistics are Gross Domestic
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Comparison of Basic Economic Indicators of BRIC Nations Abstract In economics‚ BRIC is a grouping acronym that refers to the countries of Brazil‚ Russia‚ India and China‚ which are all deemed to be at a similar stage of newly advanced economic development. It is typically rendered as "the BRICs" or "the BRIC countries" or "the BRIC economies" or alternatively as the "Big Four". Table of Content 1. Introduction 4 2. Statistics 5 3. Economic Indicators 6 3.1 GDP 6 3.2 Inflation 7 3.3 Deficits
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therefore are macro risks that threatens all companies. Brazil‚ officially the Federative Republic of Brazil is the largest country in both South America and the Latin American region. According to the Political Risk (Dynamic) Index of 2013‚ Brazil is one of the countries with a moderate political risk. Many companies come to Brazil because the business environment is more familiar than the other BRIC countries‚ which are Russia‚ India and China. Brazil also has a more stable public and private sector
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been allowed to float from 1991. The problem is such that the “economic cost of bringing down inflation is too high”‚ as this will harm the economic growth of Brazil. Hence drastic actions are not seemingly attractive. Using a monetary policy where the central bank is increasing interest rates‚ is making Brazil attractive to foreign investment. In turn valuing the currency and raising prices of exports in the economy. Among many ideas floating to resolve this issue‚ the central bank plans to implement
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The Impact of the Growing Economic Power of China China is the second largest economy in the world after the US. This is measured by both nominal GDP ($4.99 trillion)‚ and by purchasing power ($8.77 trillion). The Peoples Republic of China‚ as it is officially called‚ is the world’s fastest growing major economy in the world with an average growth rate of 10% for the past 30 years. China is also the second largest trading nation in the world as well as being the largest exporter and second largest
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Topic 5: Power in India Introduction For any country to achieve sustained economic growth‚ the most important is the growth of infrastructure sector and hence the development of power sector. Energy in general and electrical energy in particular is the basic need for any kind of socio-economic developmental activities. There is direct causal relationship between energy consumption and G.D.P. growth in India as shown in the figure - 1. Figure [ 1 ] Per Capita Electricity consumption vs. GDP
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The Idea of India is a modern construct‚ India is but a geographical expression‚ do you agree? Winston Churchill once said that " India is merely a geographical expression. It is no more a single country than the Equator." Churchill was hardly ever right about India‚ but it is true that India stands out among all countries of the world in the matter of heterogeneity it displays in terms of ethnic groups‚ embracing almost all geographical landforms‚ from mighty Himalayas to vast seas and enormous
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