well-developed social market economy‚ and a high standard of living. Until the 1980s‚ many of Austria ’s largest industry firms were nationalised; in recent years‚ however‚ privatisation has reduced state holdings to a level comparable to other European economies. Labour movements are particularly strong in Austria and have large influence on labour politics. Next to a highly developed industry‚ international tourism is the most important part of the national economy. Germany has historically been
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Economies of scale are the cost advantages that a business can exploit by expanding their scale of production. The effect of economies of scale is to reduce the average (unit) costs of production. Economies of scale‚ in microeconomics‚ refers to the cost advantages that an enterprise obtains due to expansion. There are factors that cause a producer’s average cost per unit to fall as the scale of output is increased. "Economies of scale" is a long run concept and refers to reductions in unit cost
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Economy of Ireland I. Introduction The economy of Ireland has transformed in recent years from an agricultural focus to a modern knowledge economy‚ focusing on services and high-tech industries and dependent on trade‚ industry and investment. Since the mid 1990’s‚ Ireland has experienced consistent growth rates of up to 10% per annum. This has been attributed to years of strong government planning through the implementation of five-year National Development Plans. These plans provided for large-scale
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A Complete Economic Analysis of the Philippines Kathy Wallace February 19‚ 2012 Regis University MSM661 Jim Zelenski Abstract The Philippines is one of eight countries that comprise Southeast Asia. A mass of thousands of islands‚ the country has been struggling to obtain true democracy and freedom for its citizens. After a review of the political history and demographics of the country‚ an in-depth analysis of the economic condition of the Philippines will be explored. Appendix A contains
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HISTORY OF GATT & THE WTO SYSTEM A BRIEF HISTORY OF THE GATT Beggar-thy-neighbour tariff policies of 1930s => WWII Bretton Woods Conference at the end of the WWII‚ finance ministers from the Allied nations gathered to discuss creation of a new monetary system that would support postwar reconstruction‚ economic stability‚ and peace. => IBRD & IMF => need for a third institution‚ ITO. 1940s: Representatives met to design a postwar trading system that would parallel the international
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ECONOMY Since the end of World War II‚ the Philippine economy has been on an unfortunate trajectory‚ going from one of the richest countries in Asia (following Japan) to one of the poorest. Growth immediately after the war was rapid‚ but slowed over time. Years of economic mismanagement and political volatility during the Marcos regime contributed to economic stagnation and resulted in macroeconomic instability. A severe recession from 1984 through 1985 saw the economy shrink by more than 10%‚ and
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Economy of Vietnam By Adam McCarty Introduction Vietnam has been a country ruled by colonists‚ divided or at war for most of the twentieth century. Unification of the country in 1976 was followed by invasion of Cambodia in 1978‚ and a subsequent brief but violent war with China. This troubled history had profound consequences for economic development in general‚ and attempts to impose central planning in particular. Central planning was imposed upon Northern Vietnam in the 1950s‚ and upon
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Philippines in global map From WEF “Global Competitiveness report 2012-13”‚ key performance indices of Philippines in a global scale is analyzed below: [pic] 0.5% of world-wide GDP share implies Philippines is really an insignificant player in world economy in terms of economic output‚ and 95 millions population‚ about 1.5% of ~7 billion world population‚ means current productivity level is only one third of world average. This is a typical characteristic of developing Asian countries‚ i.e.‚ high population
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Mixed Economy There are many businesses that provide goods and services to the different levels of government; city‚ state or federal. These businesses can range from small‚ medium or large companies or corporations. Depending on the business’s mission whether providing goods‚ services or a combination‚ these companies will compete for short or long term contracts. Many businesses compete in winning bids in their specific area of service or product or a combination. Some of these businesses
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POLITICAL ECONOMY THEORY: DOES THE STRUCTURE OF THE MEDIA INDUSTRY INFLUENCE ITS CONTENT? The political economy in mass media theory argues that "the structure of the industry influences content." _(Andrejevic M‚ 2007)._ This theory will be demonstrated by analysing an article entitled _ ’"Sky ’s the limit" for MySpace ’_‚ published on _News.com.au_ on August 10th 2007. The presumption of the theory is that media content is influenced by a combination of the media owners (individuals or corporations)
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