India’s Fiscal Deficit and related issues: * India’s fiscal deficit is 5.2 % of India’s GDP. * Reduction in government expenditure allowed central banks to loosen monetary policy and effectively stimulate private investment and consumption. * Challenges in fiscal deficit- the existing fiscal deficit leaves no space for extra govt. spending on areas of social priority. It reduces the growth of human and physical capital. * It reduce the private sector’s ability to obtain bank financing
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purchasing power as foreign imports have flooded the Australian market. Through increased purchasing power consumers can choose from a larger variety of goods offered
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(a)Direct Barriers are barriers that specifically limit import of goods or services. Eg: Embargoes and quotas EMBARGOES: Embargoes are the most restrictive of the direct non tariff barriers. They are either a complete ban on trade with a foreign nation or a ban on sales or transfer of specific products. Eg: The U.S. has imposed embargoes on Afghanistan‚ Cuba‚ Iraq and Iran. QUOTAS: Quotas are a quantitative restriction on imports. They are based on either value of goods or on quantity. They
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THE ECONOMIC REPORT OF UZBEKISTAN The International High School at Lafayette Fall 2013 Mr. Joel Sherzod Musaev Uzbekistan is located in heart of the Central Asia. When we talk about Uzbekistan we have to look through history of it and suddenly everything will connect to the Soviet Union. Uzbekistan played one of the most important roles of USSR. Uzbekistan was controlled by Soviet Union over 67 years. Uzbekistan’s role was specifically to grow cotton and government
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1. Explain how exchange rate targeting by the central bank can affect the balance of payment position of a country (Hint: Consider the current and the capital accounts) Exchange rate targeting is whereby the exchange rate becomes the nominal anchor. The subject of the most favorable monetary regime for small open developing economies is still widely discussed. The advantages and disadvantages of different exchange rate regimes are far too many to be readily captured and used to come up with a specific
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International Trade and its Impact on the U.S. Economy Abstract The international trade sector of the U.S. economy continues to draw attention in economic and political circles. It is true that‚ the international market has become increasingly important as a source of demand for U.S. production and a source of supply for U.S. consumption. Indeed‚ it is substantially more important than is implied by the usual measures that relate the size of the international sector to the
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to exports procedures; Customs formalities; Export Factoring & Forfaiting; Export Credit Risk Insurance. Eximius Centre‚ Export-Import Bank of India 1 Seminar on “Export Procedure and Documentation” GIST OF MAJOR TOPICS 1. Foreign Trade Policy India’s Foreign Trade Policy (FTP) originally introduced to regulate and control trade‚ particularly imports‚ in order to preserve the country’s foreign exchange‚ is now designed to serve as a trade promotion mechanism. The objective of FTP
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patterns of imports and exports. These theories are useful in describing trade for commodities. This is because they are standardized and undifferentiated type of goods and services that focus mainly on price. Mercantilism This theory was developed in the sixteenth century and states that a country’s wealth is determined by the amount of gold and silver that it has. It states that a country’s goal should be to maximize these holdings by promoting exports and discouraging imports. Export-orientated
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international scale such as: A country may import things which it cannot produce International trade enables a country to consume things which either cannot be produced within its borders or production may cost very high. Therefore it becomes cost cheaper to import from other countries through foreign trade. Maximum utilization of resources International trade helps a country to utilize its resources to the maximum limit. If a country does not takes up imports and exports then its resources remain
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environmental Protection and Public Health at the WTo: The Brazil-retreaded Tyres Case ICTSD Project on WTo Jurisprudence and Sustainable Development Introduction In late 2007 the Appellate Body report on the landmark case Brazil – Measures Affecting Imports of Retreaded Tyres (DS332) 1 between the EC as Complainant and Brazil as Respondent was circulated. In response to the EC’s challenges‚ Brazil had argued that its measures were justified under GATT Article XX (b) which allows measures “necessary to
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