These data shows to what extent U.S economy is dependent on Chinese economy. United States is heavily dependent on Chinese economy for many its important requirements and as a result Chinese are holding huge amount of dollars as reserves. This is likely to put upward pressure on the value of Chinese currency and therefore Chinese currency would appreciate. The appreciation of Chinese currency might result in China losing its competitive advantage on global stage and therefore can negatively affect
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Global Crisis‚ Recession and Uneven Recovery by Y.V. Reddy Book Review by Nidhi Choudhari There is enough on this earth to meet the needs of all‚ but not the greed of all. Mahatma Gandhi Why I picked up Y.V. Reddy’s Book??? There have been a large number of books published on current global financial crisis therefore; selection of this particular book on the subject requires some reasoning. First‚ there are not many books written by central bankers on the topic. Central banks have been central
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The Economic Impact of the President’s 2013 Budget April 2012 CONGRESS OF THE UNITED STATES Contents Overview How the Government’s Fiscal Policies Can Affect the Economy Fiscal Policies and Output in the Short Run Fiscal Policies and Output in the Long Run How the President’s Budgetary Proposals Would Affect the Economy Effects on the Economy Through 2017 Effects on the Economy After 2017 Economic Models and Results Estimated Economic Effects and Their Budgetary Implications Through 2017
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Deregulation has more negative effects on global economy than positive. Deregulation‚ this word is heard on the news‚ economists use this word quite often‚ and government officials are somewhat terrified of this word. What does deregulation mean? Deregulation is the process in which a government may remove or reduce certain restrictions in matters of business to have a more efficient operation of markets. By observing the effects that deregulation can cause on an economy‚ can help later generations not commit
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The global economy: Most economists now talk about the global economy‚ where the economies of individual countries are linked to each other and changes in a single economy can have ripple effects on other. The aggregate value of all goods and services produced worldwide each year in the global economy is known as gross world product. Economies are now more closely integrated‚ stronger and far reaching than ever before. Notes: Globalisation has become a dominant economic‚ political and social
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SWOT Analysis of various sectors of Indian Economy. The India economy‚ which is the 9th largest in the world in terms of nominal GDP‚ can be broadly classified into three sectors: 1) Primary Sector or Agriculture Sector‚ which contributes about 15% to the GDP and employs around 57% of the total workforce. 2) Secondary Sector or Industry sector‚ which contributes about 28% to the DP and employs around 14% of the workforce. 3) Tertiary Sector or Service Sector‚ which contributes the maximum
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The recent global financial crisis has caused considerable economic slowdown in developed countries such as the UK‚ Germany‚ France and the USA. The United States and Britain face the greatest financial crisis since the 1930s. While there are reasons for optimism‚ many developing countries are likely to face challenges in the near future. While governments around the world are trying to contain the crisis‚ many suggest the worst is not yet over. I‚ Sushan Shrestha‚ am a Nepali‚ citizen of Nepal.
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income economy to an upper-middle income economy in 2011. Despite facing a number of political challenges‚ Thailand has made great progress in social and economic issues. As such‚ Thailand has been one of the great development success stories‚ with sustained strong growth and impressive poverty reduction. Altogether Thailand has lived with two financial crises in ten years‚ the Asian turmoil of 1997-98 and financial crisis of 2007-09‚ which represent indeed quite different experiences. The crisis was
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THE ROLE OF AUDITORS IN FINANCIAL CRISIS Submitted by Syed Ijtaba Ali Bukhari In the Fulfillment for the Degree of B.Com Honors LAHORE SCHOOL OF ACCOUNTANCY & FINANCE THE UNIVERSITY OF LAHORE (2013) The University of Lahore ------------------------------------------------- Lahore School of Accountancy & Finance Supervisory Committee We the Supervisory Committee‚ certify that the contents and the form of thesis submitted by Syed Ijtaba Ali Bukhari have been found satisfactory and recommend
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International strategic management | South Korea‚ financial crisis | Melissa MactavieJodie MackayTeboho LentoSifiso MashishiKarushka naidoo | South Korea’s current account balance started to deteriorate in 1990‚ due to the rising inflation‚ appreciation of the Korean won and the recession of the world economy. In 1991 the current account recorded a deficit of $8.7 billion‚ which was more than four times the level of the preceding year. The Korean government encouraged capital inflows in order
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