Economic growth Paul. A (2001‚ pp.568) states that economic growth is a positive change in the level of production of goods and services by a country over a period of time.” This means that economic growth occurs when there is an increase in the levels of output for production and services. It is brought by technological innovation and positive external forces and can also be seen as a term to indicate the GDP growth. The economic growth is measured by percentage change in GDP (Gross domestic
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20 ISSN: 1857 – 7881 (Print) e - ISSN 1857- 7431 EXPLORING SUSTAINABLE TOURISM IN NIGERIA FOR DEVELOPMENTAL GROWTH Ayeni‚ Dorcas. A‚ PhD Department of Architecture‚ Federal University of Technology‚ Akure‚ Ondo State‚ Nigeria Ebohon‚ O. J‚ PhD School of Architecture‚ Developing World Built and Natural Research Unit‚ De Montfort University‚ Leicester‚ England Abstract Tourism has become a major source of economic diversification for many countries‚ underpinning the service sector and forging effective
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REPORT A Rebuttal on “Exchange Rate Policy at the Monetary Authority of Singapore” Submitted to: Submitted date: Academic year : 2013-2014 Semester : Winter Group Member: I hereby certify that this paper is the result of my own work and that all sources I used have been reported -------------------------------- Signature A Rebuttal on “Exchange Rate Policy at the Monetary Authority of Singapore” Introduction
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Introduction Since independence‚ Nigerian foreign policy has been characterized by a focus on Africa and by attachment to several fundamental principles: African unity and independence; peaceful settlement of disputes; nonalignment and non intentional interference in the internal affairs of other nations; and regional economic cooperation and development. In pursuing the goal of regional economic cooperation and development‚ Nigeria helped create the Economic Community of West African States (ECOWAS)‚ which
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Notes Factors affecting demand: * Price of Substitutes- An increase in the price of a good’s substitute will increase demand for the good. * Price of Complements- An increase in the price of a good’s complement will decrease demand for the good. * Consumers’ Income- A rise in income increases the demand for normal goods and decreases the demand for inferior goods. * Consumers’ Expectations- If consumers expect a product’s quality to increase in the near future‚ they will have a lower
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RESPONDSIBLE FOR THE RISE AND GROWTH OF NATIONALISM IN NIGERIA INTRODUCTION No one‚ not even the most far-sighted‚ ever thought that British rule would last for only sixty years. In the early years of colonial rule‚ the idea of an independent Nigeria within so short a time would have sounded ridiculous. “The Whiteman has come to stay as long as men lived‚” boasted an official in 1919. Nevertheless‚ nationalism started early‚ instigated by the need to respond to conquest and new policies. The radical phase
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thinking about building up a bridge from Malta to Gozo so people will travel by car not with the Gozo Channel Co Ltd. Gozo Channel Co Ltd have to do something so as to be competitive and not to loose customers maybe they will reduce the travel prices and even food prices. They obviously are going to loose customers as people may prefer going to Gozo by car as they will win more time or else you’ll find people that don’t drive and have to go with the Gozo channel. Legal factor: The government has restricted
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PBOC’s Concretionary Monetary Policy 03 – 20 - 2011 As part of the China’s Monetary Policy team‚ most contributions were made on a shared basis with Ms. Fion Lau focusing on current policy implemented and tools used by the People’s Bank of China (PBOC) Benefited by Fion’s financial industry experience and access to various source including Bloomberg terminal‚ the data obtained is well collected and analyzed. Similar to that of the Federal Reserve‚ China’s monetary policy are designed and implemented
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Journal of Economics and International Finance Vol. 2(11)‚ pp.251-260 November 2010 Available online at http://www.academicjournals.org/JEIF ISSN 2006-9812 ©2010 Academic Journals Full Length Research Paper Exchange rate volatility‚ stock price fluctuations and the lending behaviour of banks in Nigeria Mbutor O. Mbutor Research Department‚ Central Bank of Nigeria. E-mail: mbukor@yahoo.co.uk. Accepted September 9‚ 2010 Following the recent global economic crisis‚ so many macroeconomic
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U.S. Monetary Policy and What the Federal Reserve does. According to the Congressional Budget Office monetary policy is‚ "The strategy of influencing movements of the money supply and interest rates to affect output and inflation. An "easy" monetary policy suggests faster growth of the money supply and initially lower short-term interest rates in an attempt to increase aggregate demand‚ but it may lead to a higher rate of inflation. A "tight" monetary policy suggests slower growth of the money
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