INTRODUCTION Indonesia plays major role in today’s economic as Indonesia is one of the countries with the biggest GDP with the 4th largest population in the world. Joining the member of G-20 major economies‚ Indonesia has successfully emerges as the largest economy in Southeast Asia‚ moreover‚ Indonesia also classified as a new industrialized country. Government plays substantial role through ownership of 141 state industries and enterprises‚ and administration of prices of basic goods such as rice
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Economic Policy Reforms 2012 Going for Growth © OECD 2012 PART II Chapter 5 Reducing income inequality while boosting economic growth: Can it be done? This chapter identifies inequality patterns across OECD countries and provides new analysis of their policy and non-policy drivers. One key finding is that education and anti-discrimination policies‚ well-designed labour market institutions and large and/or progressive tax and transfer systems can all reduce income inequality. On this basis
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Economic Crisis in Nigeria. NIGERIA. (google)The evolution of Nigeria was from about 1849 until it attained independence in 1960. During this period a lot of events occurred‚ and is largely the story of the great impact of the British on the Nigerian people. The colonial authorities (British) sought to define‚ protect and realize their imperial interest in the portion of West Africa because of its endowment with natural resources‚ apparently this occurred about hundred years ago. The British was
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Abstract This study examines the relationship between human capital development efforts of the Government and economic growth in Nigeria. It seeks to find out the impact of government recurrent and capital expenditures on education and health in Nigeria and their effect on economic growth. The data used for the study are from secondary sources while the augmented Solow model was also adopted. The dependent variable in the model is the level of real output while the explanatory variables are
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Economic Power Shifts East Introduction GDP of a country and GDP growth rate are two important metric based on which economic prowess of a country can be measured. While east is behind west in terms of gross GDP numbers‚ reverse is true for GDP growth rate. The center of economic power has shifted from the West to the East. World is witnessing a change in economic structure and is going through a transition .Following data shows 12 fastest growing economies. Country GDP Growth 2012 GDP Forecast
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Global Economic Condition Great Recession of 2008-09 has slowed the growth of world output‚ especially in the developed countries like EU‚ USA‚ Japan and Canada etc. In the developed countries unemployment remains high at the rate of nearly average 9 per cent again income of the employed people remain stagnant1. Although the great Recession is on the way of recovering‚ more and more worker remain out of the job for a long time‚ especially young workers‚ medium-term growth prospects also suffer
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Title: The Chinese Economic Miracle [copyright 2007] Open up virtually any major newspaper and you’d likely to find an article about chines economy. Now this might take the form of the article about America’s trade deficit with china‚ or maybe it’s an article about how chines demand for oil is driving up prices of gasoline in United States. But if you keep reading in those articles and you get a little bit further into it‚ you’d likely to read a line this says something like‚ "China has
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ECONOMICS NOTE Definition ; COMPARATIVE ECONOMICS Comparative- involving comparison; estimated by comparison. It is the economic analysis of countries. It involves the comparison of economics system with (in particular) the economic analysis of socialism in‚ its different forms. In the last 15 years‚ the main focus of interest of comparative economists has been the transition from socialism to capitalism. In recent years‚ mostly as a result of the transition experience‚ a new orientation of
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edit. Economic liberalisation in India From Wikipedia‚ the free encyclopedia The economic liberalisation in India refers to ongoing economic reforms in India that started on 24 July 1991. After Independence in 1947‚ India adhered to socialist policies. Attempts were made to liberalize economy in 1966 and 1985. The first attempt was reversed in 1967. Thereafter‚ a stronger version of socialism was adopted. Second major attempt was in 1985 by Prime Minister Rajiv Gandhi. The process came to a
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ECONOMIC REFORMS IN PAKISTAN There is a widely shared consensus about the nature of reforms that Pakistan should embark upon. This consists of two components – stabilization and long term structural reforms. Under the first component the economy has to be stabilized with the help of fiscal consolidation‚ widening of tax net and mobilization of domestic resources‚ cutting down the losses of state owned corporations‚ curtailing wasteful development expenditure and assigning priority to removing supply-side
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