An enormous amount of researches and studies have been made on the specific relationship between trade openness and economic growth. The world environment of trade of products‚ goods and services is considered as one of the main reason of economic growth of economies today. The research of a significant and positive or negative relationship between trade openness and economic growth in the actual context seems to be a prerequisite to better understand globalization. To better understand the nexus
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I. 6. Hypothesis - a supposition or proposed explanation made on the basis of limited evidence as a starting point for further investigation. 7. Empirical data - Empirical evidence (also empirical data‚ sense experience‚ empirical knowledge‚ or the a posteriori) is a source of knowledge acquired by means of observation or experimentation. The term comes from the Greek word for experience‚ Εμπειρία (empeiría). 8. Review of related literature - A review of related literature is the process of collecting
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industrial revolution‚ society has become more and more dependent on technology. So much so that we sometimes lack the willingness to think before we act. We become impatient if it takes more than a few seconds to download a copy of the morning news paper. We expect immediate responses to our email‚ and we expect someone to answer their cell phone whenever and wherever we call. “Industrialization resulted in rapid and sustained economic growth and a massive increase in consumer goods. But at the same time
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The effect of Exports on GDP Growth in Pakistan Abstract: This paper is examines the causal relationships between gross domestic product (GDP) and exports in Pakistan by using time series data for the period between 1980 and 2000. Time series evidence shows that increase in exports has a significant effect on the economic growth of Pakistan in the previous two decades. This paper uses cointegration to check the causal relationship between export growth and economic growth in Pakistan. Granger
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The Technology of Industrialization (U.S. Economic History) We already knew the men who guide the process of industrialization in U.S. economic history‚ but we need to explore and examine the truth of technology of industrialization in American history such as the entire iron and steel industry. The industrialization applied to the social and economic changes that mark the transition from a stable agricultural and commercial society to a modern industrial society because of using complex machinery
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The First World War created massive growth opportunities on the economic front in America when she joined the war in 1916. The need for industrial production on a massive scale to provide arms for the war effort‚ gave rise equally to employment. With most able bodied men away at the war in Europe‚ it fell to women and African Americans to fill those jobs and meet the rising demands. (As a direct result of this‚ Wilson‚ president of USA during this period‚ recommended and supported that woman be
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Statement of the Problem Has cyber terrorism become a bigger concern to the government since the 9/11 attacks and the war on terrorism? When it comes to terrorism‚ people often think I is only restricted to physical harm. It is because of this oblivion that cyber terrorism is on the rise. According to the U.S. Federal Bureau of Investigation‚ cyber terrorism is any "premeditated‚ politically motivated attack against information‚ computer systems‚ computer programs‚ and data which results in violence
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The Economic Growth Vs. the Environmental Sustainable Development Contents I. Introduction3 II. Distinguish between Economic Growth and Environment Sustainable Development5 III. Natural Environment and the Economy 5 1. Natural Environment and the Economy5 2. Relationship between economic growth and the environment6 2.1 Environmental Kuznets Curve 6 2.2 Alternative views on the economy-environment relationship7 2.3 Case study in Cambodia 8 3. Current Cambodia’s Economy and Development10
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Introduction and Objectives This is a report about the macro-economic environment of Germany in which Bayer AG (Bayer) was founded and listed in the European Stock Exchange vis-a-vis the macro-economic environment of China in which Bayer has a significant market and operations. This report examines and provide an insight on market structures in which Bayer operates‚ the impact of the macro-economic of Germany and China on Bayer’s economic activities and the monetary‚ fiscal and foreign trade policy
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From the year 1865 to 1900 the United States government was attributed to following the standards of laissez-faire‚ an economic axiom in opposition of governmental moderation of or meddling in commerce beyond the merest essential for a free-enterprise organization to function according to its own economic regulations. The United States government took this stance of noninterference‚ however‚ apparent within the guiding principles concerning railroad land grants‚ management of interstate commerce
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