environment for investments and wealth creation. 1.1 PRIVATISATION AND COMMERCIALISATION Privatisation as a tool for economic management came to the front burner when Chile became the first country to turn public assets/businesses to private operators in the early 1970s. Since then‚ over 140 countries (both developed and developing) have embraced privatisation as a route to economic growth and prosperity. While the details and strategies of the privatisation exercise may vary in each of these countries
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is one of the most essential conditions for food security and economic security. Conversely‚ food security is an essential requirement for raising the productivity of India’s workforce to international levels . India’s labour force has reached 485 million approximately in 2009‚ and it will continue to expand over the next two decades. The actual rate of that expansion will depend on several factors including population growth‚ growth of the working age population‚ labour force participation rates
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In economics‚ inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises‚ each unit of currency buys fewer goods and services. Consequently‚ inflation also reflects erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy. A chief measure of price inflation is the inflation rate‚ the annualized percentage change
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POPULATION GROWTH AND ECONOMIC DEVELOPMENT The consequences of population growth on economic development have attracted the attention of economists ever since Adam smith wrote his Wealth of nations. It was only Malthus and Ricardo who created an alarm about the effect of population growth on the economy. Population and Economic Development However‚ the consequences of population growth on the development of LDCs are not the same because the conditions prevailing in these countries are quite different
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INFLATION The government control measures‚ all over the world‚ keep business cycles under control. What has gone nearly uncontrolled over the time is the problem of almost continuous increase in the general price level (this is the problem of inflation). The problem of inflation got accentuated since the early 1970s. It emerged as the most intractable economic problem for both theoreticians and policy-makeovers all over the world. Inflation has been a common problem of the developed and the developing
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engaged in economic development both at the national and regional level (OECD‚ 1996). The study of economic growth must start with the study of the people who produce it. They work with their own hands‚ design‚ build and operate the machines of production‚ and structure and run the institutions and markets that make growth possible. Julian Simon concluded that the size of the human population together with the technologies these people produce is the root cause of economic growth (Simon‚
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Unemployment Introduction It stands for jobless or unemployed. Unemployment consists of the labor force (working age) who have no work. Do not confuse the workforce with the inactive population. There are three types of unemployment in peripheral economies are usually four (seasonal unemployment). These types of unemployment are cyclical‚ structural‚ frictional and seasonal. Unemployment‚ unemployed or layoff of employees who can and want to work but cannot find a job. In societies in which most
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can take away someones house‚ it can be a positive action if it makes a neglected property livable again. It improves not only the area‚ but also the community. Economic growth can be both positive and negative. It can create jobs for people‚ improve living conditions and improve peoples moral. While the negative effects of economic growth can hurt the poor‚ especially affordable housing‚ it can hurt the environment‚ and more money has to be put out for public works. American cities have to rely on
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Inflation goes Down to Three Years Low to 6.62 percent in January 2013 Published on: 15-FEB-2013 Data released by the Commerce and Industry Ministry reported that Inflation went down to its three year low of 6.62 percent in January 2013. SEBI ordered freezing of accounts and attachment of properties of two companies of Sahara Published on: 14-FEB-2013 Seizure of Bank Accounts of two companies of Sahara and attachment of its properties ordered by SEBI‚ the market regulator on 13 February 2013
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(b) Assess how monetary policy can be used to maintain a target of low inflation and currency stability in emerging markets? According to Jahan (2012)‚ monetary policy is the manner where the monetary authority uses to control the supply of the currency. The monetary policy objective of controlling the interest rate also takes an important role when government and monetary authority are dealing with the inflation (Shen‚ 2013‚ pp.199). The monetary authority usually is central bank with a certain
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