CAUSES OF UNEMPLOYMENT IN EUROPEAN COUNTRIES Blanchard‚2006; Adnett ch.7.4 Unemployment rates‚ 1970-2002 12 10 8 USA Japan 6 Korea EU 4 2 0 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 Source: OECD data Two models to explain EU unemployment • Eurosclerosis: due to labour market rigidites the natural (equilibrium) unemployment rate rises • Histeresis: unemployment increases due to demand/supply shocks (i.e.technological shocks which shift labour demand from the low
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BOI BOARD OF INVESTMENT GOVERNMENT OF PAKISTAN PAKISTAN POWER SECTOR CONTENTS SECTOR STRUCTURE POWER POLICY FEATURES OF POWER POLICY 2002 INCENTIVES IN POWER POLICY 2002. CURRENT & FUTURE POWER POSITION THERMAL POWER STATIONS (WAPDA) THERMAL POWER STATIONS (KESC) THERMAL POWER STATIONS (IPP’S) HYDEL STATIONS IN OPERATION FUTURE PRIORITY HYDEL PROJECTS (SHORT TERM) FUTURE PRIORITY HYDEL PROJECTS (MEDIUM TERM) FUTURE PRIORITY HYDEL PROJECTS (LONG TERM) COAL POWER STATIONS (WAPDA) FUTURE PROPOSED
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Case #1 – The Mexican Peso Crisis of December 1994 There are three different types of foreign exchange regimes that can be used by developing countries once their currency has stabilized. The first one is called the managed float. Also called the dirty float‚ the managed float is a system when exchange rates are able to change due to the nature of the market‚ but leaves the option for the government to intervene if the fluctuation is not desired. It is the regime that has been used by the monetary
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financial instability and a highly leveraged private sector created a financial boom which finally led to the bubble and subsequently to the bust. 1. Financial instability In EU crisis and US financial crisis cases the banking sector was hit hardest and accelerated the crisis through a credit crunch and credit crisis. Whereas in the US this process was driven by a real estate boom and the issuance of complex securities (as bad assets)‚ in the EU the treasury bonds of the periphery states were playing
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The Malaysian Government supports the concept by promoting the idea of how CSR helps and contributes to the growth of the country. Prime Minister’s CSR Award and ACCA Malaysia Sustainability Reporting Awards are just a few examples of awards given for good CSR practices. According to CSR WeltWeit‚ the CSR activities in Malaysia focus on education‚ health and environment. Most of Malaysian companies as well as foreign companies offer scholarships and low-interest-rate loans for students to pursue
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percent of trade in Western Europe and North America. In fact such a hold in these markets by Asia in spite of Quota Restrictions highlights the opportunities for Asian Region in the Post MFA regime. In general‚ it is seen that the developing countries have a comparative advantage in textiles and clothing trade. This advantage helps them to look beyond exports of traditional
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The Deepwater Horizon disaster attributed to BP‚ a multinational oil and gas company‚ occurred in 2010 dumping massive amounts of oil in the waters on the gulf coast. The BP is headquartered in London with operations in 80 countries with the largest being in the United States. Team B participated in a simulation that presented a similar scenario as the oil spill mentioned. The company in the simulation is an American based organization that produced aluminum. Alumina was accused
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costs through resources savings. Renewable energy is sustainable energy that comes from natural environment such as solar and wind. They are reduced the costs of energy production and resources saving‚ and that increase the revenue. However‚ more countries‚ which face the lack of energy resources‚ commonly are dependent on foreign energy resources. This results in increasing of local economic pressure. Therefore‚ development of renewable energy has a positive effect on reducing the costs and increasing
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Period 2 2/4/10 Francophone Countries Underdeveloped countries are those at the very bottom of the global economy‚ with widespread extreme poverty and dire living conditions. They usually have little or no infrastructure or reliable health care and other social services. Many have experienced long-term political unrest in the form of civil war or armed conflict with other nations‚ or have been subject to unstable governments‚ dictatorships‚ and corruption. In addition‚ they may frequently suffer
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only a developed country but a world super power. India has the potential of becoming a super power & it can become so if the following fifty steps are taken by the Indian government. India is a rapidly developing country but at the same time it is facing lot of problems both internally & externally & India can become a developed country & a world Super Power only if these problems are eradicated. Following are some of the ways which can make India a developed country & a super power
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