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North-east
North-east

Trinidad_and_Tobago.pdf
Trinidad_and_Tobago.pdf

... to impose a TT$ 20 million fine on the State-owned oil company, Petrotrin. The energy sector saw declines in oil and gas production in January 2014 but increases in March. The petrochemical sector also experienced an expansion of production of 2.9% during the first quarter of 2014. Providing that th ...
Chapter 7 - FIU Faculty Websites
Chapter 7 - FIU Faculty Websites

... Korea grew at a rate of 6% compared to the U.S.'s ...
The Family and Economic Development
The Family and Economic Development

... burden in the reduction of consumption because they consume but they do not produce. Finally, population growth hinders economic growth because, by reducing savings and education, it reduces investment. The key assumption made in this theory is the ceteris paribus condition where resources are given ...
**** 1 - Yoo Soo HONG
**** 1 - Yoo Soo HONG

... European states are often out of step with each other, even when they have drawn up a common position ahead of time – as witnessed during the difficult discussions, at various G20 meetings, concerning global financial oversight. ...
Bahamas_en.pdf
Bahamas_en.pdf

... private-sector debt, has dampened demand for credit. As a result, liquidity in the banking sector has remained above the long-term average for the last three years. Domestic credit grew by 3.1%, buoyed by greater public sector credit as a result of banks’ holding an increased amount of government pa ...
Balance of Payments - Pros Cons (Activity Answers) File
Balance of Payments - Pros Cons (Activity Answers) File

China’s Undervalued Currency
China’s Undervalued Currency

... An increase of absorption would also help the lower the trade imbalance and would keep unemployment under control due to the increase in consumption. Because of the revaluation of currency Chinese are more willing to demand foreign goods and less willing to demand domestic because they cost more. At ...
Comments on Competitiveness and Growth in Trinidad and Tobago
Comments on Competitiveness and Growth in Trinidad and Tobago

... VEN ...
Monetary unions among developing and emerging markets
Monetary unions among developing and emerging markets

Economic Development
Economic Development

France Economic Outlook 2010-2011 - Coe
France Economic Outlook 2010-2011 - Coe

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... The radical economic reforms of the 1990s lifted productivity by opening up the economy. ...
Current Situation and Outlook of Asia and the Pacific Key message
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... East and North‐East Asia (excl Japan) North and Central Asia Pacific South and South‐West Asia ...
Chapter 20 Introduction to macroeconomics - Home
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... but uses the same style of thinking about economic issues as in microeconomics. ...
transition to market economy
transition to market economy

... conveyed also by social actors against the ‘will’ of the ruling parties in government. At least, social actors can have a role of veto players. There is dominance of business groups over trade unions. Influence of pro-market oriented think-tanks in policy making was and is important. The recent deve ...
Press summary (PDF, 170 KB)
Press summary (PDF, 170 KB)

... emerging economies. In an extreme case scenario, massive capital outflows could create turbulence  in their financial markets or even currency crises.  The German economy is experiencing a modest upturn. In the first half of the year gross domestic  product grew at rates that roughly correspond to t ...
Ed Dolan, U.S. GDP, October 2014
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... growth following the trough (low point) of the recession as a recovery. During that phase, idle equipment goes back on line and workers return to their jobs.  Official reports call the entire growth phase of the cycle an expansion, but many writers apply that term only after GDP has reached its pre ...
277 Coyle, Diane. GDP: A Brief but Affectionate History. Princeton
277 Coyle, Diane. GDP: A Brief but Affectionate History. Princeton

The Last Shall Be the First: The East European Financial
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... public debt in 10 CEE 39% of GDP in 2010, but 85% of GDP in eurozone Only Hungary has exceeded the Maastricht debt ceiling, but 12 of 14 Western EMU ...
El_Salvador_en.pdf
El_Salvador_en.pdf

... inflation rate at the end of the year stood at 2.1%, while average inflation was 1.2%. Year-on-year inflation for food and non-alcoholic beverages has remained stable since the fourth quarter of 2010; however, since the second quarter of 2011, higher fuel prices (following the targeting of subsidies ...
ECONOMIC GROWTH Economic growth occurs when there is an
ECONOMIC GROWTH Economic growth occurs when there is an

... for work that is paid in cash (income tax is avoided), and a payment “in kind” e.g. a butcher exchanges some meat with a builder who helps to fix the shop. Transfer payments – these are not included in GDP because they are nonproductive. As a result, a country may not appear to be as well off as it ...
Economic Changes and Cycles
Economic Changes and Cycles

... • Human capital can also affect economic growth. Human capital is the knowledge and skill that people use in the production of goods and services. Human capital includes honesty, creativity, and perseverance—traits that lend themselves to finding work. • Technological advances can make it possible ...
2. Worksheet 1 Calculations key
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Macroeconomic Stabilization and Fiscal Reforms
Macroeconomic Stabilization and Fiscal Reforms

... increase in user’s charges and abolition of subsidies. It was evident that it would lead to inflation and to increased disparity between classes. ...
< 1 ... 198 199 200 201 202 203 204 205 206 ... 243 >

Chinese economic reform



The Chinese economic reform (simplified Chinese: 改革开放; traditional Chinese: 改革開放; pinyin: Gǎigé kāifàng; literally: ""Reform & Opening up"") refers to the program of economic reforms called ""Socialism with Chinese characteristics"" in the People's Republic of China (PRC) that was started in December 1978 by reformists within the Communist Party of China (CPC) led by Deng Xiaoping.China had one of the world's largest and most advanced economies prior to the nineteenth century. In the 18th century, Adam Smith claimed China had long been one of the richest, that is, one of the most fertile, best cultivated, most industrious, most prosperous and most urbanized countries in the world. The economy stagnated since the 16th century and even declined in absolute terms in the nineteenth and much of the twentieth century, with a brief recovery in the 1930s.Economic reforms introducing market principles began in 1978 and were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the decollectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start businesses. However, most industry remained state-owned. The second stage of reform, in the late 1980s and 1990s, involved the privatization and contracting out of much state-owned industry and the lifting of price controls, protectionist policies, and regulations, although state monopolies in sectors such as banking and petroleum remained. The private sector grew remarkably, accounting for as much as 70 percent of China gross domestic product by 2005. From 1978 until 2013, unprecedented growth occurred, with the economy increasing by 9.5% a year. The conservative Hu-Wen Administration more heavily regulated and controlled the economy after 2005, reversing some reforms.The success of China's economic policies and the manner of their implementation has resulted in immense changes in Chinese society. Large-scale government planning programs alongside market characteristics have minimized poverty, while incomes and income inequality have increased, leading to a backlash led by the New Left. In the academic scene, scholars have debated the reason for the success of the Chinese ""dual-track"" economy, and have compared them to attempts to reform socialism in the East Bloc and the Soviet Union, and the growth of other developing economies.
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