SEVEN MAJOR SOURCES OF ECONOMIC GROWTH KFCTGLM 1) Legal System 2) Competitive markets 3) Limits on Government regulation 4) An efficient capital (K) market 5) Monetary stability 6) Low Tax rates 7) Free Trade 1) Legal System: Foundation for economic progress is a legal system that protects privately owned property and enforces contracts in an evenhanded manner. Provides protection of property rights and enforcement of contracts. This reduces the uncertainties accompanying trade
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Income Inequality‚ Economic growth and its effects . Abstract “Some people are of the view that income inequality is a necessary part off the growth process‚ that it is generally unavoidable and that policy should focus on ensuring that everyone is doing better rather than focusing on narrowing the income gap” whilst other agrue that it hinders growth. This assignment was carried out to investigate and debate the theoretical and empirical views of the above statement as well as share my own
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Economic value addition by Indian Banks: A study Abstract This research paper studies Indian bank’s profile to demonstrate a direct correlation between the investment in stakeholder relationships and corporate performance. Many Indian banking seems to have destroyed shareholder’s wealth over a period of time and only a few have positively contributed to their wealth. With the help of EVA (Economic Value Added) and MVA (Market Value Added) which tell what the institution is doing with investor’s
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Is faster economic growth always a good thing? Argue the case for and against faster growth and then come to your conclusion. Economics growth has been studied in differences camps. economics‚ environmentalist and sociologist have been debating years about the causes and effects of this one‚ it is a fact that economic growth is link with life quality and the first one can affect the second one in positive and negative ways‚ this essay will expose a number of advantages and disadvantages of
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Bank of China Hong Kong ’s Initial Public Offering by Hugh Thomas Associate Professor of Finance The Chinese University of Hong Kong Draft of April 28‚ 2003 Accepted for publication in Journal of Financial Education. I am grateful to participants at the North American Case Research Institute 2002 conference in Banff‚ Canada‚ for their helpful comments and for research assistance from Wang Zhiqiang and Xu Zhi in preparing some tables. Please contact me at hugh-thomas@cuhk.edu
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MAIN CATALYSTS TO GROWTH IN CHINA AND INDIA. India with about 1.2 million populations and china with about 1.3 billon population are two big demographic and emerging countries in the world .Over a past few decade India’s combination into the economic has been accompanied by remarkable economic growth (World Bank 2011¬).India is having the 3th position on the economy in purchasing power parity (PPP) terms (The Economic Times‚ 2012). India’s total GDP (gross Domestic Product) growth was 5.5% in 2012
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important role played by small- scale industries in India. 1. Employment generation: The basic problem that is confronting the Indian economy is increasing pressure of population on the land and the need to create massive employment opportunities. This problem is solved to larger extent by small-scale industries because small- scale industries are labour intensive in character. They generate huge number of employment opportunities. Employment generation by this sector has shown a phenomenal growth. It
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Economic growth brings greater happiness- how far do you agree with this statement? What is happiness? It is just one word‚ but every person has his own view on this question. Happiness is a basic of nature. Somebody think that it is God’s gift or result of luck‚ but some people claim that happiness is in your hands‚ you do it by yourself‚ you have to achieve your aims to be happy. Some people confuse happiness to pleasure‚ pleasure is a drink of water in the hot day‚ a comfortable bed after difficult
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The role of telecommunication in our life Telecommunication plays an important role in our life today. Generally telecommunication is the transmission of signal over a distance for purpose of sending information. By sharing information‚ human can get such a development today. information is even considered to be one of standard criteria to assess life quality of a man. Life quality of a man is assessed according to the amount of information he get and means of approaching information. In earlier
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The 1970’s was time of great change in american politics. The hyperconcentration of rewards at the top (winner-take-all economy) is the defining feature of the post 1970’s economy. Most growth since the later 1970s has gone to the richest Americans. The statistic that the authors use to prove this is that “If the economy grew at the same right as it did but if the inequality had not increased‚ then the average income of households would be $12‚000 higher” (24). Since 1980‚ America has moved away
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