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Tanzania`s Economic Reforms— and Lessons Learned
Tanzania`s Economic Reforms— and Lessons Learned

... Having experienced a steady economic decline in the late 1970s and a financial crisis in the early 1980s, Tanzania formally adopted an economic recovery program in 1986. It has since pursued reforms and made significant achievements: macroeconomic stability has been achieved and a wide range of stru ...
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... who are between jobs or who are entering the labor market for first time or after an absence • Because frictional unemployment is, by definition, short-term, it causes little hardship to those affected by it • By spending time searching rather than jumping at the first opening that comes their way – ...
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... Growth in Europe's biggest economy ground to a halt in the second quarter, official figures from Germany's Federal Statistics Office showed on Thursday, as most economists had predicted. The numbers reflect output and investment cutbacks by companies suffering from excess stock amid a global economi ...
Aalborg Universitet
Aalborg Universitet

... Chaaminade, 2007). Also, there have been attempts to broaden NSI approach to study the problems and challenges of development and underdevelopment (e.g. Muchie et al., 2003). Thus, NSI provides the conceptual approach or framework for studying both developed and developing economies at various stag ...
Global Research Report: Building BRICKs
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The economic contribution of the private sector
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cooperative republic of guyana
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Why Has Russia’s Economic Transformation Been So Arduous?
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Lessons from Reforms in Central and Eastern Europe in the Wake of

... according to EBRD (2011). Economic growth has been substantial in the whole region, with the late reformers catching up in the 2000s. In 2008, several of the ten CEE countries were in a state of severe overheating. This was especially true of the three Baltic countries, Estonia, Latvia, and Lithuani ...
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... number of jobs created but also their structure and sustainability. Sustainability of created jobs is an important factor of efficiency of EU investments. Sustainability was defined as probability that a created position will prevail for at least 3 years after the end of the programming period. Impl ...
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... Both per se, and considered as subsystem of other “challenges” at world level (globalization, poverty, sustainable development, competitiveness, and recently, the financial-economic crisis under way), the agricultural and food issue has been and continue to be of global and European interest. As mai ...
2001 recession in market economies, healthy growth in
2001 recession in market economies, healthy growth in

... September in the United States. From October, however, equity prices started to rise again as it became apparent that the economic fallout from the attacks would be more limited than originally feared and as expectations about short-term economic prospects became more positive. The fall in share pri ...
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... Compared to other Asian countries, logistics cost in Indonesia is much higher than that of other nations in the region. Reaching up to 25 % of the Gross Domestic Product (GDP), this cost causes the production sectors to become inefficient and less competitive (World Bank, 2013). The debate on the co ...
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... and development is now reaffirmed. However, the relationship between growth and inequality has not been completely invalidated, as there exists another causal direction. Indeed, many studies have been conducted on the potential effects of initial inequality and subsequent economic growth. Pioneering ...
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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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