The People’s Republic of China was established in 1949 and has always aimed at achieving high rates of economic growth as well as transforming their economy into an industrial economy. In the last few decades‚ the world’s most populous nation has liberalised its economy and gone from producing low-quality and simple exports to sophisticated high-technology goods while attracting nearly $500 Billion in foreign direct investment (FDI). The Chinese government also implemented many strategies to do this
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6 The 20th Century 6 History of the Road Transportation Network 1794. You may ask‚ what is the significance of this date? In 1974‚ the first modern road transportation network was established in Great Britain‚ allowing the first mail coach service between Bristol and London that ran on a timetable. However‚ roads have been around for centuries. So how is this relatively late date the “first” instance of a modern transportation system? Let us take a look at transport throughout the
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‘Research’ “Public Transportation” For countless years‚ I’ve been living in suburban towns and metropolises that needed a car to become around. Nowadays I’m back in The UAE‚ a metropolis alongside a fairly comprehensive bus system. Broadly speaking‚ public transportation has invaded a big part of my life. In fact‚ transportation nowadays seems to play a major role in everybody’s daily life. In 2011‚ Americans seized 10.2 billion trips on area transportation (Anonymous‚ 2012). Access to public
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ECONOMIC DEVELOPMENT SUMMARY CHAPTER 2: COMPARATIVE ECONOMIC DEVELOPMENT (Page 65 – 73) Created By: PATRICIA M. A. ADAM 1006805694 International Undergraduate Program Faculty of Economics University of Indonesia Depok 2013 Larger Rural Populations but Rapid Rural-to-Urban Migration One of the hallmarks of economic development is a shift from agriculture to manufacturing and services. Although modernizing in many regions‚ rural areas are poorer and tend to suffer from missing markets
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INSECURITY IN NIGERIA Underlying the quest for national security in Nigeria is the issue of political morality‚ which focuses on the question of defining the relationship between the state and the various groups in the society. Political morality properly construed seeks to establish and sustain the essential conditions for the smooth functioning of the state and society. It is in this light that we identify the problem of the moral basis of Nigeria’s security to be a vital imperative of national
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The Role of Genetics on Development PSY/104 Child and Adolescent Development The Role of Genetics on Development We all know that since the beginning time history has taught us that generations of human beings are born‚ molded‚ and changed from generation to the next through genetics. During that time people have always wondered how exactly this miraculous feat really works? Just from a quick observation you can always tell that a child may look more like one parent but after close observation
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views about the relation between economic growth and financial development. First‚ financial development has impact on economic growth (i.e. Bagehot‚ 1873; Schumpeter‚ 1912; McKinnon‚ 1973; Shaw‚ 1973; Patrick‚ 1966; Goldsmith‚ 1969; Fry‚ 1973). Second‚ economic growth leads to financial development and that where there is economic growth financial development follows (i.e. Robinson‚ 1952). The third view‚ however‚ contends that both financial development and economic growth Granger cause one another
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economically advanced industrial societies. Another reason for the emergence of the modernization theory derived from Adam Smith’s Wealth of Nations‚ which represented the widespread practical interest on economic development during a time when there was a constant relation between economic theory and economic policy that was considered necessary and obvious. It was by analysing‚ critiquing‚ and hence moving away from these assumptions and theories that the modernization theory began to establish itself
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Culture: a vehicle for economic development Cultural industries: Culture is a powerful global economic engine generating jobs and income with a value of US $1.3 trillion in 2005. Global cultural industries account for more than 7% g global GDP During the 1990s‚ the cultural industries grew at an annual rate twice that of service industries and four times that of manufacturing in OECD countries (2009 UWR). However‚ infrastructure investments are needed in the South to enhance and support cultural
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Question: How far does foreign aid contributes to the economic development of the poor countries? Answer: Developed or rich countries help developing or poor countries by providing aid to them. Currently lots of third world countries receive foreign aids from developed countries. This situation is lasting for many years and has both positive and negative aspects. Foreign aid from various sources can reach recipients through bilateral or multilateral delivery systems. Literally the world is becoming
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