ECONOMY Since the end of World War II‚ the Philippine economy has been on an unfortunate trajectory‚ going from one of the richest countries in Asia (following Japan) to one of the poorest. Growth immediately after the war was rapid‚ but slowed over time. Years of economic mismanagement and political volatility during the Marcos regime contributed to economic stagnation and resulted in macroeconomic instability. A severe recession from 1984 through 1985 saw the economy shrink by more than 10%‚ and
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TERM PAPER IN MICROECONOMICS BY: MA. DAYANARA P. MANAIG TO: PROFESSOR JOYCE COLCOL Economy of the Philippines The Philippines is a developing country in South-East Asia. In 2004‚ it was ranked as the 24th largest economy by the World Bank according to purchasing power parity. The Philippines is one of the newly industrializing countries in the world. Important sectors of the Philippine economy include agriculture and industry‚ particularly food processing‚ textiles and garments‚ and electronics
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Why women will impact global economy as much as China By Beth Brooke‚ Special to CNN October 25‚ 2012 Just recently‚ Booz & Company published new data outlining compelling evidence that women can be powerful drivers of economic growth. Their estimates show that if female employment rates were to match male rates‚ overall GDP would grow significantly in the U.S. by 5%‚ in Japan by 9%‚ and in developing countries like Egypt by a massive 34%. The World Economic Forum also published their annual
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The Economy of California Term Paper ID:27801 | | | Essay Subject: The nation began recovering from the recession‚ but California’s economy seemed to respond less quickly. There are two likely reasons for this: California’s economy is the largest in the nation; & the decline in aerospace spending.... More... | | Paper Abstract: The nation began recovering from the recession‚ but California’s economy seemed to respond less quickly. There are two likely reasons for this: California’s
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Accurate company sales and profit forecasting requires careful consideration of firm-specific and broader influences. Discuss some of the microeconomic and macroeconomic factors a firm must consider in its own sales and profit forecasting. Q7.1 ANSWER The better a company can assess future demand‚ the better it can plan its resources. Every corporation is exposed to three types of factors influencing demand: company‚ competitive and macroeconomic factors. Microeconomic company-related factors
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After reading Malcom Gladwell’s “The 10‚000 Hour Rule” I agree with some of his ideas on hard work and dedication of successful people‚ but his theory of success based on some ones birth year or family background I do not agree with. He explains that musicians and chess players spend about ten years practicing their craft to become the best at what they do. I believe this is the background for all successful people. If you are born into a rich and powerful family it is possible that you are handed
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GDP while Thailand and Lao PDR increased receipts to over 7%. Since 2000‚ Cambodia has surpassed all other ASEAN countries and generated almost 15% of its GDP from tourism in 2006. Indonesia is the only member of G-20 major economies and considered as the largest economy in the region.[31] Indonesia’s estimated gross domestic product (nominal) for 2008 was US$511.7 billion with estimated nominal per capita GDP was US$2‚246‚ and per capita GDP PPP was US$3‚979 (international dollars). Stock markets
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taux de chômage‚ l’inflation‚ etc. UAE is a wealthy‚ medium-sized economy located in The Middle East. UAE has a population of 10.41 million people. Its economy is the second largest in the Arab world (after Saudi Arabia)‚ with a gross domestic product (GDP) of $377 billion‚ principally from oil revenues UAE passed Saudi Arabia as the largest consumer market in the region. With imports totaling $273.5 billion. UAE’s economy is predominantly manufacturing-based. Contribution in GDP %
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who are registered for sales tax‚ income tax‚ etc. These include the publicly traded supermarkets‚ corporate-backed hypermarkets and retail chains‚ and also the privately owned large retail businesses. Unorganized retailing‚ on the other hand‚ refers to the traditional formats of low-cost retailing‚ for example‚ the local corner shops‚ owner manned general stores‚ paan/beedi shops‚ convenience stores‚ hand cart and pavement vendors‚ etc.[16] Features of retailing:- 1.the interface between the
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Topic 1 The main concept behind a capitalistic economy is that the government does not have any control over the free markets. For this to exist‚ the economic markets should not be allowed to receive (nor should they be allowed to give) monetary support from the government. In 2007 the banking‚ financial‚ and insurance industry corporate giants claimed to be “to big to fail” and pled for a bailout from the U.S. government. Adam Smith‚ a moral philosopher and a pioneer of political economy once
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