CRITIQUING AN EMERGING ECONOMY An Emerging market has no one definition. An Emerging market is a nation with social or business activity in the process of rapid growth and industrialization with the economy of China and India is considered to be the largest (Tom Stoukas 2013). According to the International Monetary Fund estimates an emerging economy is expected to grow two to three times faster than developed nations like the US (Forbes‚ 2014). Rather than defining emerging markets by a particular
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How should governments handle large and complex financial institutions that are “too big to fail” and “too connected to fail”? The current crisis has brought that question to the forefront. Regulators need to address the too big to fail problem‚ as implicit guarantees raise the likelihood of crisis. Some have suggested progressive capital requirements‚ and many endorse macro-prudential regulatory approaches. Many‚ most prominently Fed Chairman Ben Bernanke (2009)‚ now say that adequate financial
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Firstly‚ the core of Google’s self-driving car is the rotating roof top camera‚ Lidar‚ which is a laser range finder. It can produce an array of 64 laser beams to create 3D images of objects (see Figure 8 above). This enables the car in identifying obstacles that is along the way. It is also able to calculate how far an object is from the car according to the time the laser beam takes to hit the object and return back. These lasers are of high intensity that can calculate distance and create images
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BCDIC 3mks 8. (a) Application areas of spreadsheets. - Accounting - Forecasting - Statistical analysis - In mathematical and scientific fields. 2mks (b) Formulae of the following with reference to cell G20‚ = F10 + G20 = F10 + &G&20 1mk 9. Modular programming and its advantages. Modular programming is breaking of a program into componets. Advantages -
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Germany and Australia hold a close relationship that dates back to the 18th century. Many generations of Germans have contributed significantly to Australia. This helps the two countries work better as they share many values in common; including strategies on deciding foreign policy and security issues. They both also have responsibility’s regarding Afghanistan and environmental change. With Australia and Germany working together it has helped many organizations in joint projects. Thought out 10
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Arguments against Australia reducing its foreign aid（反对方） 1. Reducing foreign aid is a denial of Australia’s humanitarian tradition It has been argued that Australia’s democratic‚ humanitarian society depends on a respect for the rights of others. It has further been argue that this respect for human rights cannot be displayed in isolation. If we seek to advance the rights and wellbeing of our own citizens‚ we should seek to do this on an international level. Foreign aid enables us to do this
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How should governments respond to the rise of cryptocurrencies? The 2007/2008 economic crisis resulted in a global loss of faith in the current financial system. The rise of cryptocurencies was the direct result of the economic crisis‚ but at the same time was inevitable given the ever more globalized world. In 2009 Satoshi Nakamoto published a paper introducing Bitcoin a peer-to-peer electronic cash system independent from any bank or government. That was 33 years after Hayek’s short pamphlet
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South Korea was the one of the poorest country in the world in 1953 and GNP per person was $67. However‚ South Korea started to develop rapidly since 1960 and reached 10 million dollars of national income in twenty years. Now Korea is one of the G20 members with GDP of $ 1.116 trillion ( 2010 ) . Country studies Korea’s economy was based on agriculture in early days. However‚ contribution of agriculture decreased as Korea industrialize . Agriculture and domestication of Korea is made of small
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The 21st century has been called the ‘Asian Century’. If so‚ what are the implications for Australia? The successful and continuous economic development over past four to five decades in Asian region have lead to a defining feature of the 21st century – Rise of Asia in Asian century. The weight of global economy is shifting towards Asia‚ It has been estimated that by the middle of this century‚ Asia could account for half of the global output‚ trade and investment. With the continuous hunger for
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‘NIC’s have been and continue to be the driving force of globalization. To what extent do you agree with this statement?’ A newly industrialized country (NIC) is a socioeconomic classification applied to several countries including Thailand‚ China‚ India‚ Malaysia‚ Philippines‚ South Africa and Mexico. NICs have not yet reached a developed status but have‚ in an economic sense‚ overtaken their developing counterparts. Another characterization of NICs is that of nations undergoing rapid economic
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