area with a population of over 8 million; examples include Sao Paulo‚ Mumbai‚ Los Angeles and Beijing. However these megacities face problems‚ for example Mumbai is a megacity which is facing problems as a consequence of rapid growth. Within Mumbai there is a slum area‚ Dharavi which houses 600‚000 people in only one square mile land. This has come as a consequence of rural to urban migration; the rural people are attracted to the city by the “bright light syndrome” and the prospect of jobs and a
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human capital development becomes a central issue for policy makers and practitioners engaged in economic development both at the national and regional level (OECD‚ 1996). The study of economic growth must start with the study of the people who produce it. They work with their own hands‚ design‚ build and operate the machines of production‚ and structure and run the institutions and markets that make growth possible. Julian Simon concluded that the size of the human population together with
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“Volatility of Exchange Rate and Export Growth in Pakistan: The Structure and Interdependence in Regional Markets” Khalid Mustafa Assistant Professor Department of Economics‚ University of Karachi and Mohammed Nishat‚ PhD Professor and Chairman‚ Finance and Economics Institute of Business Administration‚ Karachi Abstract The study empirically investigates the effect of exchange rate volatility on exports growth between Pakistan and leading trade partners. The countries are selected to determine
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A Case Study Growth of tourism rate in Hongkong made by Disneyland I. INTRODUCTION As one of the world’s leading international financial centres‚ Hong Kong’s service-oriented economy is characterised by low taxation‚ near-free port trade and well-established international financial market. The currency‚ the Hong Kong dollar‚ is legally issued by three major international commercial banks‚ and pegged to the US Dollar. Interest rates are determined by the individual banks in Hong Kong
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Should Government Attempt to Control Human Population Growth? Human population grows‚ and it has been calculated that by the year 2050 there will be over 9 billion people in the world. As a result of that the amount of land per person will have dropped to less than one square inch. It is clear that population growth must stop in some close future due to various factors (Issitt‚ 1). Shortage in food and water‚ limited energy‚ pollution‚ death of plants and animals‚ and many more other shortages
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Macroeconomics of Minimum Wage Draft: Do not quote MACROECONOMIC EFFECTS OF MINIMUM WAGE IN NIGERIA: A GENERAL EQUILIBRIUM ANALYSIS Abiodun O. Folawewo* Abstract This paper examines the macroeconomic effects of minimum wage (MW) policy in Nigeria using a static computable general equilibrium. Data for the study is drawn from year 2005 National Account of the country. The data is used to construct a 22 x 22 social accounting matrix (SAM) for the economy. The calibration exercise shows that the
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NIGERIA INTRODUCTION Hello‚ my name is Mesoma Ejeh and I’ll be talking about Nigeria. Off all the feautures of Nigeria that acronym missed a very important one.It’s my home.Probably 98% of this class knows little to nothing about Nigeria so I will cover our foods and drinks‚our people and culture‚our fashion and its impact to the world and Nigeria’s location‚season‚weather and cilmate. For Starters Nigeria is in west Africa.North of Nigeria would be Niger‚ south‚ the Atlantic Ocean and the
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Development of a Code of Ethics: IT Challenges Brandon M. Glover Northcentral University In our modern era of business and society‚ Information Technology has become an overwhelming system integrated in just about all aspects of our lives. Cell phones‚ computers‚ social networks‚ websites‚ email‚ etc. are but just a few examples of how IT is used and distributed throughout society. What was once a society that was based on manual transactions and labor has now become predominantly computerized
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ten years the worlds population has been increasing considerably due to certain factors in different countries. Some of these factors include birth rates‚ death rates and fertility rates. The human population jumped considerably in 100 years from 1.6 billion to 6.0 billion in the years 1900-2000. A new century (20th) meant that despite having two world wars the standards of living started to improve and peoples’ life expectancy increased. In 2002 the worlds population increased by 1.2 percent
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The Nigerian foreign exchange market; rate determination; control and prospects for Naira convertibility Good morning members of the high table‚ my colleagues in the industry and all other distinguished guests. It is my greatest pleasure to present this paper at the Foreign Exchange seminar organized by the Chartered Institute of Bankers of Nigeria. I hope I am able to shed light on this extremely challenging topic. Definition: The foreign exchange market can be defined as the collective
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