well-developed social market economy‚ and a high standard of living. Until the 1980s‚ many of Austria ’s largest industry firms were nationalised; in recent years‚ however‚ privatisation has reduced state holdings to a level comparable to other European economies. Labour movements are particularly strong in Austria and have large influence on labour politics. Next to a highly developed industry‚ international tourism is the most important part of the national economy. Germany has historically been
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The economy of India is the ninth-largest in the world by nominal GDP and the third-largest by purchasing power parity (PPP).[1] The country is one of the G-20 major economies and a member of BRICS. On a per-capita-income basis‚ India ranked 141st by nominal GDP and 130th by GDP (PPP) in 2012‚ according to the IMF.[12] India is the 19th-largest exporter and the 10th-largest importer in the world. Economic growth rate slowed to around 5.0% for the 2012–13 fiscal year compared with 6.2% in the previous
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to over three thousand deaths of American citizens and installed fear into the rest of America and other countries as they did not want this horrifying event to strike them. These terrorists ultimate goal was to dent and cripple the United States economy by taking down its National Trade Center in order for them to lose money in stock markets‚ lose trading opportunities with countries like Canada‚ and cause Americans to spend billions of dollars towards the damage repair. This event definitely caused
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Introduction to India & Indian Economy: India is the seventh largest country by area‚ the second-most populous country with a population of over 1‚241‚491‚960 people. India is surrounded by three-water bodies namely Indian Ocean on the south‚ the Arabian Sea on the west‚ and the Bay of Bengal on the east. India shares its border with 7 countries namely Pakistan‚ China‚ Nepal‚ Bhutan Afghanistan‚ Burma and Bangladesh. India is a democratic country and is governed under a parliamentary system consisting
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Why women will impact global economy as much as China By Beth Brooke‚ Special to CNN October 25‚ 2012 Just recently‚ Booz & Company published new data outlining compelling evidence that women can be powerful drivers of economic growth. Their estimates show that if female employment rates were to match male rates‚ overall GDP would grow significantly in the U.S. by 5%‚ in Japan by 9%‚ and in developing countries like Egypt by a massive 34%. The World Economic Forum also published their annual
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The Economy is in Trouble! The economy has become a major hurdle that the United States has been trying to get control over for many years since the recession. It seems to be the most talked about topic on the news and in communities everywhere because it is affecting so many people in a negative way and people are not sure what is going to happen or when we are going to see change for the better. In my option‚ the economy is going to get a lot worse before we start seeing any kind of positive
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On what will the economy of the United Arab Emirates be based after the termination of oil resources? Among the independent states in the region of Persian Gulf‚ there are many countries which have achieved essential economics success‚ using the resource factor in their development. The Federation of the United Arab Emirates is considerably the best one. Owing to the richest oil deposits and the competent policy of using the given natural resources‚ it took them only 30 years to become one of
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CHAPTER 3: THE MICRO ENVIRONMENT MGMT 488 – STRATEGY AND POLICY OVERVIEW The micro environmental analysis is the second step in creating the Environmental Analysis. The micro environment examines the general business climate as it relates to the organization within its industry. The micro environment is also known as Porter’s Five Forces of Competition. The macro environment is primarily concerned with major issues and upcoming changes in the environment. The analysis looks at five areas of interest
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GDP while Thailand and Lao PDR increased receipts to over 7%. Since 2000‚ Cambodia has surpassed all other ASEAN countries and generated almost 15% of its GDP from tourism in 2006. Indonesia is the only member of G-20 major economies and considered as the largest economy in the region.[31] Indonesia’s estimated gross domestic product (nominal) for 2008 was US$511.7 billion with estimated nominal per capita GDP was US$2‚246‚ and per capita GDP PPP was US$3‚979 (international dollars). Stock markets
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An open economy is the opposite of a managed economy. It is one that is characteristically market-oriented‚ with free market policies rather than government-imposed price controls. In an open economy industries tend to be privately owned rather than owned by the government. In the area of international trade an open economy is one whose policies promote free trade over protectionism. On the other hand‚ a managed or closed economy is characterized by protective tariffs‚ state-run or nationalized
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