IMPACTS OF PUBLIC DEBTS ON THE ECONOMIC GROWTH Government debt is also known as public debt. It is the debt owed by a federal government to the internal or external sources. It is required when the stocks of government securities are insufficient to cover previous budget deficits. Budget deficits occur when the level of government expenditures exceeds its revenues. Based on macroeconomic theory‚ the level of government expenditure must be positive with the economic growth. The higher the expenditure
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index crosses 300. The social and economic costs arising from the haze are significant. Haze will certainly disrupt the daily activities of the people as more will stay at home to avoid inhalation of pollutants. Many outdoor activities will have to be cancelled and schools will have to be closed if the PSI reaches unhealthy range. The cancellation of the various activities will cause reduced interactions among people. The loss in recreation activities will impact the wellbeing of the people physically
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Impact on China’s economy of the economic globalization Abstract: As everyone know that no country can avoid to participate the globalization. China has always been trying to follow the trend of globalization‚ to be part of it‚ and actively join in it since its opening to the world in 1978. After 23 years in 2001‚ of hard efforts have been made by lots of people and tremendous negotiations have been undergone for such a long time‚ China finally got access to the WTO‚ which marks the most important
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Wendy Lu Mr. Sheehan Economics 12 25 February 2015 Economic impacts from hosting Olympics After the astonishment and the image of professional spirit of sports brought by the 2008 Beijing Olympics brought and the 2012 London Olympics‚ people begin to look forward to the following 2014 Sochi Winter Olympics. Accompanied by the public’s anticipation‚ the country of Russia worked to their maximum capacity to make this game terrific and successful. From an economical perspective‚ the 2014 Sochi Olympics
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In order to establish the Socio-Economic impact of Child Labour in the County of Cornwall‚ a snapshot survey was taken of children and parents of children engaged in the practice. The survey was conducted across all five parishes in the county. The child sample population consisted of 50‚ both boys and girls while the sample for parents were 25. The population was distributed evenly across the parishes of St. James‚ St Elizabeth‚ Westmoreland‚ Trelawny‚ and Hanover. Refer to Figure 1 Of the
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much money at so little opportunity!” (Unknown) This was the statement made by an unnamed source referencing the sickness and addiction of the wonderful sport of Waterfowl Hunting. The economic impact of waterfowl hunting in Arkansas can best be seen in the U.S. Fish and Wildlife Service’s 2006 Economic Impact of Waterfowl Hunting report. This report states that in 2006 there was 1.3 million waterfowl hunters nationwide‚ 100‚000 of these waterfowl hunters were residents of Arkansas who spent 1
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Social and Economic Impacts of Hurricanes on the Caribbean Hurricanes are powerful weather systems‚ which start as disturbances in the atmosphere over tropical oceans. There are many of these disturbances each year‚ but only a few become hurricanes. Most Atlantic and Caribbean hurricanes occur between June and November and have been known to have serious economic and social consequences. Some economic consequences include unemployment‚ loss of revenue‚ loss of foreign exchange etc. Social consequences
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strategies use to promote growth and development. Globalisation is the breakdown of trade barriers between nations to allow for the free flow of goods and services‚ ideas‚ communication and information. In the 1980s‚ China had implemented a series of economic reforms which allowed the country to better integrate with other nations in the region. This was endorsed by the government for the Chinese nation to develop itself and become an emerging country to meet advanced international standards. It has since
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help to create employment. Immigration is also one of the solutions to Canada’s problem of a rapidly aging population. According to the most recent research‚ immigration has a low impact on employment and unemployment among Canadians. In fact‚ this is a statistically insignificant impact. Moreover‚ immigration has no impact on the employment of low-skilled Canadian workers. On the other hand‚ immigrantion fill in “holes” in the organizational structure such as jobs with little prestige or worse working
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The impact of the global economic slump on the U.S.‚ with particular emphasis on Jacksonville MBA Students Jacksonville University October 4‚ 2011 Macroeconomic recessionary forces mire global‚ national‚ regional‚ and local economies Financial markets wait on the edge of their collective seats for the U.S. Federal Reserve Bank’s Chairman to offer strategic insights into battling the recessionary global economy. All hopes placed on a short statement after each Federal Open Market Committee
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