capital and economic growth. Economic growths important determinant are physical capital‚ labor and human capital. But from the recent trend of world economic growth‚ we found that human capital is playing a key role by taking the place of material capital and labor. Human capital is intimately related to growth as it increases the nation’s capacity to produce goods and services. It also creates more job opportunities and lifts the living standards of a country through increase in income levels. Human
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Competitiveness and Local Economic Development Paper for Publication in Shamim Bodhanya (ed.)‚ Large Scale Systemic Change: Theories‚ Modelling and Practices Jörg Meyer-Stamer jms@mesopartner.com Duisburg January 2008 mesopartner local economic delivery www.mesopartner.com Content 1 2 3 3.1 3.2 3.3 3.4 4 5 6 6.1 6.2 7 Introduction The concept of Systemic Competitiveness Systemic Competitiveness at the local level From the supranational to the local level What do we mean by “competitiveness”
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Faculty of Economics Marketing Management Project Activities in the Local Economic Development Sector Graduation paper for the course Marketing Management Mentor: Student: PhD. Anita Ciunova-Shuleska Bogeva Sofija 50300 03 February 2011 Contents INTRODUCTION 3 LOCAL ECONOMIC DEVELOPMENT 4 What is Local Economic Development? 4 What is the purpose
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To what extent can free trade be viewed as beneficial to economic development? Trade is one of the oldest types of economic activities known to mankind. Through decades of refining and developing‚ the traditional method of trading goods has evolved into exchanges of products and services. In the 18th century a British economist‚ Adam Smith‚ defined the first principle of unrestricted trade or ‘free trade’. Free trade states the possibility of exchanging goods or services without government interference
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long-dated funding‚ neglect of the core private sector in terms of credit extension‚ weak capacity of the banks to fund the real sector‚ low-level activities of banks‚ and illiquidity still lingers. This study therefore‚ examines empirically the impact of financial intermediation on the development of the Nigerian economy with the aim of determining the importance of financial intermediaries and its influence. This study found out that the financial intermediaries (banks) in Nigeria exhibit inefficiency
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Name of the Book- “Breakout Nations‚ In Pursuit of the Next Economic Miracles” About the Author: Ruchir Sharma‚ writer and head of emerging markets at Morgan Stanley‚ is a portfolio manager‚ and has written widely on global economics and politics. A long-time columnist for newspapers and magazines around the world‚ Sharma is the author of bestsellers‚ one of which is reviewed as below. He writes regularly in national and international dailies of repute on macro-economics of developing countries‚ yet
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As part of his belief that our nation should practice honesty‚ Washington urged that our Government always be honorable in money matters. He urged our country to borrow as little money as necessary and to avoid piling up a big debt. He realized that emergencies‚ such as unavoidable wars‚ would require us to borrow from time to time; but he urged that these debts be paid off as rapidly as possible. Washington said that failure to do this means we will be making our children pay the debts we ourselves
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surrounding places like Brahmapuram‚ Thiruvalluvar and Katpadi. Its nutritional quality was analysed by pH determination‚ Methylene Blue Dye Reduction Test Assay‚ and the cost of extracting casein was analysed using the principles of bioprocess economics‚
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1.The Role of entrepreneurship in economic development of a country An entrepreneur can be regarded as a person‚ who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They look for opportunities‚ identify them and seize them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake
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What Is Regional Economic Integration? Regional economic integration has enabled countries to focus on issues that are relevant to their stage of development as well as encourage trade between neighbors. There are four main types of regional economic integration. 1. Free trade area. This is the most basic form of economic cooperation. Member countries remove all barriers to trade between themselves but are free to independently determine trade policies with nonmember nations. An example is the North
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