Australia is a lucky country Introduction “Australia is a lucky country‚ run by second-rate people who share its luck”. Donald Horne wrote this quote in 1964. To understand this quote‚ we first have to understand‚ who is Donald Horne? Donald Horne’s full name is ‘Donald Richmond Horne’‚ or for that matter‚ Professor Donald Richmond Horne. He was born on the 26th of December 1921‚ and deceased on the 8th of September 2008. He was an Australian journalist‚ to say the least. He was also a writer‚ social
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Macroeconomics ECON224-1201A-16 AIU Online Factors behind Economic Growth in Hong Kong and Singapore There are many similarities between Hong Kong and Singapore. Both countries enjoy high economic growth rates for the past three decades‚ they are known as “East Asian Tigers” because they made a transition from poverty to Newly Industrialized Economies (NIE’s) in a very short period of time. Both Hong Kong and Singapore were British colonies with both legal and administrative systems of their
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has achieved great economic growth within the last half century despite having been devastated by the korean war and having a GDP per capita in 1960 comparable to the current Republic of Congo[1]. Todays South Korea has a total GDP similar to that of Italy and Canada[1] but how did it get there? The following essay will examine how South Korea achieved this growth and will focus on how foreign aid‚ education‚ import substitution‚ exports and the chaebol helped South Korea’s economic development. Foreign
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United States Is A Great Country Overall‚ The United States of America is great‚ not only in comparison to other countries‚ but on its own as well. The United States of America’s various amounts of privileges‚ rights‚ and opportunities that are given to the citizens of this country‚ proves that The United States is a great nation. The first‚ second‚ and fifth amendments‚ just to name a few‚ are prime examples that show what America has assured to the citizens of this country. In America you have the
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------------------------------------------------- Country Report International Economics and Financial Markets 18-03-2013 Table of Contents Country Overview4 The Balance of Payments7 Trade7 Trade Policy7 Trade Agreements9 Major Trade Partners11 Trade Balance13 Main Trading Goods13 Foreign Direct Investment (FDI)13 Sources of FDI14 Main Sectors Attracting FDI17 FDI Outflows18 Factor Mobility: Migration19 Exchange Rate Policy20 Exchange Rate Patterns20 Evolution of Exchange Rate Regimes21 Economic Challenges: The
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South Korea is a country that proves to be unstoppable‚ during the development of the nation for many years‚ South Korea still became targets of corruption and war. Historic wars such as the Korean war and the Japanese war proved that South Korea is still strong during the times when they were overrun. However‚ South Korea has gained their independence and has proven to be a powerful country alone‚ with a strong economy‚ good trading partners with other countries and most importantly hold a lot of
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Actually in our country‚ past is very important because this country
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By Tan Kabra April 29th‚ 2009 Why Countries Go To War There are many reasons why countries go to war. One country may want to go to war to take revenge on something that another country or countries did to them. Germany‚ for example‚ wanted to take revenge on the rest of the European nations after they all unanimously agreed that the responsibility for the First World War should be laid upon Germany. Countries also go to war for another reason‚ territorial expansion. The
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1. Introduction Capital markets are the promoter of economic expansion of a country engaged in exchange of capital instruments‚ like securities‚ bonds‚ treasury bills‚ notes etc to achieve economic goals. In Bangladesh‚ there are 2 stock exchanges. Dhaka Stock Exchange (Generally known as DSE) is the main stock exchange of Bangladesh. East Pakistan Stock Exchange Ltd was finally named as Dhaka Stock Exchange (DSE) on 14 May 1964. Although incorporated in 1954‚ formal trading started in 1956. Prior
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The Labour government’s response to the economic crisis of 2008 was reckless and irresponsible. Discuss. The 1998 Comprehensive Spending Review boosted NHS spending by £21 billion 1999-2002 and Education by £19 billion despite a 1% cut in income tax announced in November 1997. Hague and Portillo described this as ‘‘reckless and irresponsible’‘ words that haunted them in the 2001 election. However in the aftermath of the most severe recession that many can remember‚ these same criticisms re-emerge
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