1. Open Economy vs. Closed Economy • Open Economy A country has an open economy if it is joining international trade‚ which exporting and importing are collectively together. Selling or buying of goods or services to a foreign country is allowed in this kind of economy. The Market-economy is mostly free from trade barriers and where exports and imports form a large percentage of the GDP. Imports give citizens of a country access to products and services provided by other nations
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Corruption in the Philippiness In the early 1960s‚ the Philippines was an economic power. In fact‚ during the era‚ the archipelago nation boasted one of the largest economies in Asia‚ behind only Japan. Today‚ while it remains an important part of Asean and the world community at large‚ it’s safe to say that those glory days are long over. When most outsiders think of the Philippines today‚ it is political instability‚ economic struggle‚ crime and corruption that often come to mind. hen
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highlights Costco’s employee wages and compensations which are relative higher than their competition. The article also showed Costco’s overall retail strategy which has been key to their “anti-Wal-mart” image. II. Situation Analysis Internal Strengths S1 – Leading membership club chain in the US with 50% market share S2 – High annual sales S3 – High salaries and good benefits for employees/great price deals for customers S4 – Low employee turnover rate and theft incidents S5 – Low goods
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How to make the Philippines better? A term paper Presented to The faculty of the integrated basic education department Level 2 Siena College Quezon City _______________________ In Partial Fulfilment Of the Requirements for the Secondary Course ______________________ By Marie Patricia Ocampo and Ranjit Galman February 26‚ 2014 ii TABLE OF CONTENTS Page Acknowledgements
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FORECASTS for Philippine economy have remained upbeat with the projected higher consumer and government spending and favorable outlook for real estate and tourism sectors. An economic outlook and forecasts by Metrobank’s research department showed that the country’s growth domestic product (GDP) will continue to grow at an average of six percent in 2013. Because of the stellar growth in the first three quarters of 2012 and given the still rosy prospects‚ the Research center has revised a full-year
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INDIAN ECONOMY India is today one of the six fastest growing economies of the world. The country ranked fourth in terms of Purchasing Power Parity (PPP) in 2001. The business and regulatory environment is evolving and moving towards constant -improvement. A highly talented‚ skilled and English-speaking human resource base forms its backbone. The Indian economy has transformed into a vibrant‚ rapidly growing consumer market‚ comprising over 300 million strong middle class with increasing purchasing
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Philippine Agriculture over the Years: Performance‚ Policies and Pitfalls 1 Cielito F. Habito and Roehlano M. Briones 2 Introduction Although many still think of the Philippines as an agricultural economy‚ strictly speaking‚ it is not. Agriculture‚ fishery and forestry directly account for just one-fifth (20 percent) of the economy’s aggregate domestic output (GDP). Ever since the 1960s‚ the direct share of agriculture in the GDP had fallen below one-third‚ and by 1981‚ the sector’s share had decreased
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10 Economic Problems of the Philippines 1. Over-dependence on Global Economy The growth of the Philippines economy drastically slowed to just 3.6% in the first three quarters of 2011‚ which is significantly less than the 7%-8% growth targeted by administration’s Philippine Development Plan (PDP). Though the slowdown may have been due to the ongoing global crisis‚ it was markedly slower in comparison to other South-East Asian neighbors. Economic performance figures indicated a contraction
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nowadays when numerous issues are colouring the taxation system of the country. With these‚ today‚ its importance seems to be overlooked and is viewed more negatively as a burden to the people. Currently‚ the individual income tax rate in the Philippines stands at 32 percent‚ which is third highest in the entire Association of South East Asian Nation (ASEAN) region‚ next to Thailand and Vietnam. A number of the country’s lawmakers already have their hands on this matter and encourages the government
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System of the Philippines The political system of the Philippines occurs within an organized framework of a presidential‚ representative‚ and democratic republic with the president as both the head of state and the head of government within a pluriform multi-party system. The three brunches of government‚ the law-making body or the legislative branch‚ the law-enforcing body or the executive branch and the law-interpreting body or the judicial branch forms political system of the Philippines. The Constitutional
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