since then‚ relations between the two sides went into the framework‚ developed rapidly in both width and depth. EU to become one of the most important partner of Vietnam in many fields‚ especially economic‚ trade‚ investment‚ contribute positively to the process of economic development - social and economic integration Vietnam ’s international. Since the establishment of diplomatic relations‚ the Vietnam - EU has grown rapidly in terms of both breadth and depth. The dynamic development poses requirements
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Global Warning‚ Pollution‚ Climate Change‚ Greenhouse effect are the terms familiar to us in relation to our environment and society; however what are the measures taken by our government to protect the environment. Environmental issues increasingly become important and closely tighten within our daily life therefore this paper attempts to look at the way from the Australian government protect the environment by using different method includes legislation; signing international agreement and financial
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Economic Crash Creates an Amazing Upbringing Recently our country has experienced some extremely rough economic recessions which has caused countless Americans to change their everyday lives and their spending habits. This recession has affected mass amounts of people in a gigantic way‚ with my family being one of several. However‚ being in my first year of college and my family reorganizing our expenditures‚ it puts into perspective exactly what “pinching your penny” means. Especially with
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In economics‚ a recession is a business cycle contraction‚ a general slowdown in economic activity. Macroeconomic indicators such as GDP‚ employment‚ investment spending‚ capacity utilization‚ household income‚ business profits‚ and inflation fall‚ while bankruptcies and the unemployment rate rise. Recessions generally occur when there is a widespread drop in spending (an adverse demand shock). This may be triggered by various events‚ such as a financial crisis‚ an external trade shock‚ an adverse supply
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Many U.S. companies are reporting better-than-expected earnings for the most recent fiscal quarter‚ but once again the profits generally stem from anything but an economic turnaround. Cost-cutting‚ restructuring‚ improved technology‚ focused product lines‚ low interest rates‚ cheap raw materials - steps taken to combat the slow economy of the past two years are paying off for many companies. "They are adjusting to a period of lower growth‚" said Wayne Stevens‚ president of Duff & Phelps Investment
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enter Singapore as MDWs have to be at least 23 years of age and have completed a minimum 8 years of formal education. They must also sit for an entry test in English to validate the worker’s linguistic‚ numerical and practical abilities. These measures are aimed at improving the overall quality of workers who will be working in Singapore households in an effort to promote harmonious working relationships with their employers. These workers will also be in a stronger position to understand their
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Gross Domestic Product (GDP) is defined as the total value of all final goods and services produced in an economy within a given period (Economics Course Notes‚ 2006). As is common in most economies worldwide‚ it is used to gauge the performance of the economy. GDP is calculated with an assumption that all goods and services produced in the period specified have been sold‚ and all the income derived from the sale is spent within the same period. The expenditure method calculates GDP as follows:
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oil production peaked in 1979 at over 240‚000 barrels per day (38‚000m3/d). Japan has been the main customer for Brunei Darussalam’s oil exports; other major customers include South Korea‚ Taiwan‚ United States and the countries of ASEAN. Whereas Malaysia has established a diverse and quickly-growing manufacturing sector that plays an increasing role in the Malaysian economy. From the late 1970s‚ United State was the single largest foreign investor and the major investment projects were in the chemical
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S.‚ VOL.2(2) 2011: 71-80 ISSN 2229 -600X IMPACT OF RECESSION ON TOURISM INDUSTRY Sherwood College of Professional Management‚Lucknow ABSTRACT Tourism industry has contributed enormously in the flourishing graph of India ’s economy by attracting a huge number of both foreign and domestic tourists travelling for professional as well as holiday purpose. Terror threat‚ swine flu scare and hike in air fares and above all the great economic depression hit the tourism sector hard in 2009 with number
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FISCAL POLICY AS AN ECONOMIC STABILIZATION MEASURE Fiscal Policy refers to the various decisions undertaken by the government regarding public expenditures and revenue. There are a large number of sub-policies that are encompassed by the fiscal system. But all the policies can be broadly categorized as being either ‘Public Expenditure’ or ‘Public Revenue’. It can be said that the fiscal policy is a direct government intervention in the economic processes of an economy. The fiscal policy
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