component of the structural reform process and globalization strategy in many economies. Several developing and transition economies have embarked on extensive privatization programmes in the last one and a half decades or so‚ as a means of fostering economic growth‚ attaining macroeconomic stability‚ and reducing public sector borrowing requirements arising from corruption‚ subsidies and subventions to unprofitable SOEs. By the end of 1996‚ all but five countries in Africa had divested some public enterprises
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political‚ economic‚ social and technological environment in Hong Kong. The research and analysis is then used to evaluate the market for potential in pet grooming service. “Hong Kong is such a cramped place that it is surprising to learn that we have hundreds of thousands of dogs sharing our city with us”‚ according to South China Morning Post (2006‚ p.14). Nonetheless‚ due to the desire for more sophisticated pet products including pet grooming services‚ the pet industry in Hong Kong has been flourishing
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What do you feel are the legal and economic issues facing law firms currently? The current‚ prolonged economic downturn has caused considerable issues for law firms‚ and has seen 11‚000 facing collapse. This is due to a “perfect storm” of legal aid cuts and the unwillingness of banks to provide loans. Putting into perspective the detrimental effects of a fragile economy‚ the SRA‚ (Solicitors Regulatory Authority) has placed 160 firms under intensive supervision‚ owing to concern surrounding their
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Investment and Economic Growth Prithu Sharma Binadi According to Solow swan model‚ economic growth can be attributed to three variables. Population growth‚ savings (capital) and technology. Therefore according to theory we know that higher saving rates leads to growth but only temporarily. So the actual growth and persistence rise in living standard is achieved only by technological process. Thus‚ the technological improvement is vital for economic growth. One of the major methods of increasing
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Hong Kong is no longer a good place to live Do you enjoy living in Hong Kong? In these few years‚ it is not difficult to hear strong voice of opposition from the citizens and protest is often seen in Hong Kong. Also‚ it has been a hot debating issue that whether Hong Kong is a good place to live or not. This essay explains why Hong Kong is no longer a good place to live in the aspect of the environment‚ social harmony and housing in Hong Kong. Some people think that Hong Kong’s governance is
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The 3 objects that represent Hong Kong Culture? Hong Kong is said to be a “Cultural Desert”. However‚ Red-White-Blue bags‚ Cha Chaan Teng and Cantonese Opera are three objects that can represent Hong Kong culture and the spirit of Hong Kong people. Red-White-Blue bag represents the hardworking Hong Kong people. Red-White-Blue bag is a common travel bag used by Hong Kong people‚ especially in low-class family. Most of the bags contained all red‚ blue and white color stripes. However‚ these bags
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1. Can gross domestic product be used as a measure of welfare‚ well being? Discuss. Gross domestic product (GDP) is a vital concept in national income accounting. It may be defined as “the total market value of all final goods and services produced within a given period by the factors of production located within a country” (Case‚ Fair & Oster‚ 2008‚ p.105.). Essentially‚ GDP is a measure of production of an economy; that is‚ it measures its economic performance. Despite this‚ economists often use
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Compare and contrast the lifestyle in Macau and Hong Kong According to the Business Dictionary.com‚ the word “Lifestyle” refers to the way of living of individuals‚ families (households)‚ and societies‚ which they manifest in coping with their physical‚ psychological‚ social‚ and economic environments on a day-to-day basis. This means that citizens of a particular society will change their everyday life or behavior in order to adapt to the ever-changing environment. In this report‚ I would like
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Why all Hong Kong people hates CY Leung Actually‚ not all Hong Kong people hate CY Leung‚ just 95% of them hate him. The remaining 5% include the underground communist party members in Hong Kong‚ the new immigrants which is from Mainland China‚ the people which the Communist party of China paid for and CY Leung himself.(sadly‚ the communist party of China is too rich to send so many immigrants to Hong Kong‚ which is increasing that 5%). Who is CY Leung? Well‚ if you live in Hong Kong‚ you must
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The Theory of Economic Growth: a ‘Classical’ Perspective The Theory of Economic Growth: a ‘Classical’ Perspective Edited by Neri Salvadori University of Pisa‚ Italy Edward Elgar Cheltenham‚ UK • Northampton‚ MA‚ USA Contents Introduction by Neri Salvadori 1. Theories of economic growth: old and new Heinz D. Kurz and Neri Salvadori The structure of growth models: a comparative survey Antonio D’Agata and Giuseppe Freni Endogenous growth theory as a lakatosian case study Mario
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