have abstracted from the channelnewsasia.com‚ is about the recession that hit Singapore back in 2008. In the said article‚ the recession in 2008 was so bad‚ that it left many Singaporeans jobless due to high rate of retrenchment‚ that was possible to reach as high as it was during the 1998 Asian financial crisis and 2001 economic downturn that left up to 30‚000 workers retrenched. Besides causing loss of jobs for many workers‚ the recession in 2008 subsequently affected the manufacturing sector‚ tourism
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Depression Lesson to Recession November 27‚ 2012 TABLE OF CONTENTS ABSTRACT …...............................………………..…………………………………….3 INTRODUCTION…………………….…………………………………………….……3 PART I CAUSES………………………………..…………………………………………………4 RESPONSE………………………………….……………………………………………8 ALTERNATIVE STRATAGIES‚ACTIONS‚ANDIMPLEMENTATIONS……….…….14 POSITIVE AND NEGATIVE AFFECT OF POLICIES……….……………..………….17 CAUSES OF THE FINANCIAL CRISIS………………………..…………..….………..22 THE GREAT RECESSION………………………………………………………………25
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The Guardian 08/05/13 11:18 Printing sponsored by: Paul Krugman’s call to arms against austerity An interview with the Nobel prize-winning economist‚ whose book roundly attacks the ’delusional’ deficit-reduction strategy Phillip Inman‚ economics correspondent The Guardian‚ Monday 6 May 2013 14.16 BST US Nobel prize-winning economist Paul Krugman. Photograph: Then Chih Wey/Xinhua Press/Corbis Paul Krugman has just passed the landmark 1 million followers on Twitter. Not bad for an academic
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The role of economic science in global business The term "science" reminds us of the most mathematics and everything connected with it. For some reasons this is quite right‚ but economics is a science which deals with the rational use of all resources available to human. This applies not only money‚ but other resources as well. Economics consists of two main divisions - microeconomics and macroeconomics. Quite often some economists also treat as a division the International Economic Relationship
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Recession hits local retail industry hard http://www-rohan.sdsu.edu/~gopez/story1.html San Diego County retail sales Home | Overview | The Data | Final Project | Story Highlights San Diego retail trade sales decreased 7.5 percent in 2008 when adjusted for inflation. Small and large retail businesses have made cuts to decrease losses. Economist says sales will remain stagnant in the near future because of debt‚ the collapse of the housing market and high unemployment Recession hits local
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Name: Kiestiko Sri Saptasari NIM: 126030112111011 PART ONE: PRINCIPLES AND CONCEPTS Chapter I: Introducing Economic Development: A Global Perspective 1. How to Other Half Live There are two type of family in the world: the wealth family and the poor one. It is said that over 40% of the world’s population lives on less than $2 per day‚ as a part condition of absolute poverty. The term absolute poverty is a situation of being unable to meet the minimum levels of income‚ food‚ clothing‚
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P5 In this publication‚ I will be speaking about how different businesses have experienced financial boom and recession. The two businesses I will speak about are: Marks and Spencer’s and Primark. I feel that these two businesses will provide so much information about their experiences of booms and recessions. Marks and Spencer’s was founded in the year of 1884 by Sir Michael Marks and Thomas Spencer in Leeds. Since founding this worldwide organisation‚ they have had over 1010 stores open and fully
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NATUREOF THEGLOBAL ECONOMYANDGLOBALISATION TH E GLOBAL ECONOMY Trade inGoods and Services had grown rapidly increasing from 38%ofGWP in 1990 to 63% ofGWP in 2007. GWP is now9 times the level in 1950 howeverthe volume ofworld trade has grown 33 times it’s 1950 level During times of economic downturns‚the growth of globaltrade has contracted fasterthanworld economic output highlightingthe greater volatility oftrade compared toGWP. Important developmentthat has contributed to these flows
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INTERNATIONAL ENVIRONMENTAL PROBLEMS AND GLOBAL SEARCH FOR SOLUTIONS. Global environmental problems involve one or more of the following: 1. Deforestation 2. Desertification 3. Rapid Population Growth 4. Food Production and Equitable Distribution 5. Global Warming 6. Depletion of the Atmospheric Ozone 7. Acid Precipitation and Air Pollution 8. Ocean Pollution Characteristics of International Environmental Problems: 1. Many of the international problems involve the
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INDIA A GLOBAL ECONOMIC SUPER POWER New parts of the world that were not long ago considered undeveloped‚ backwater countries‚ are now taking center stage in the global economy. Much has been publicized about the ascendance of China’s economy‚ as it has become a major venue for the manufacturing of products sought after by worldwide consumers eager for cheaper goods. However‚ China’s Asian neighbor‚ India‚ also has a vigorously growing economy. India’s economy is partly being fueled by companies
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