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Full exam paper + correctives
... This gets hazy but “…increased interconnectivity between nations…increased trade in goods and services….often via MNCs that produce in one country and sell in another…” (ii) Define the term import substitution indicated in bold in the text. [2 marks] Using BTT to decrease M (1p) and divert deman ...
... This gets hazy but “…increased interconnectivity between nations…increased trade in goods and services….often via MNCs that produce in one country and sell in another…” (ii) Define the term import substitution indicated in bold in the text. [2 marks] Using BTT to decrease M (1p) and divert deman ...
secondary school improvement programme (ssip) 2015 - Sci
... the changes taking place in the country – an increase in the real GDP per capita can indicate economic growth one country can be compared to another country ...
... the changes taking place in the country – an increase in the real GDP per capita can indicate economic growth one country can be compared to another country ...
National Economic Collapse and Revival, The Case of Zimbabwe
... Zimbabwe is a country geographicaly located in the southern part of Africa, it is also a landlocked country. Zimbabwe has a population of approximately 12, 5 million. The main languages include Chewa, Chi-barwe, English, Kalanga, Koisan, Nambya, Ndau, Ndebele, Shangani, Shona, sign language, Sotho, ...
... Zimbabwe is a country geographicaly located in the southern part of Africa, it is also a landlocked country. Zimbabwe has a population of approximately 12, 5 million. The main languages include Chewa, Chi-barwe, English, Kalanga, Koisan, Nambya, Ndau, Ndebele, Shangani, Shona, sign language, Sotho, ...
new theory 2 formatted
... to record the transactions and courts to adjudicate disputes. At the wholesale level, credit once again predominated, cash being used mainly to settle debts.9 Direct exchange and mediated exchange We see from this brief sketch of marketing arrangements that there were two basic types of exchange. A ...
... to record the transactions and courts to adjudicate disputes. At the wholesale level, credit once again predominated, cash being used mainly to settle debts.9 Direct exchange and mediated exchange We see from this brief sketch of marketing arrangements that there were two basic types of exchange. A ...
Digitalisation: An engine for structural change
... visible in new business models (Keese, 2016). At the same time, there are clearly various paths to monetise digital transformation. The lack of a transparent and global system makes this visible where, for example, politics is unable to develop a regulatory response or to affect the investment hesit ...
... visible in new business models (Keese, 2016). At the same time, there are clearly various paths to monetise digital transformation. The lack of a transparent and global system makes this visible where, for example, politics is unable to develop a regulatory response or to affect the investment hesit ...
Global economic conditions survey report: Q2, 2014
... dominated by state owned capital.’ Internal auditor, large state-owned enterprise, China (mainland) ‘Local companies have problems with attracting financing from international IPOs, debt placement or borrowing from international financial institutions. Therefore they scale down investment projects a ...
... dominated by state owned capital.’ Internal auditor, large state-owned enterprise, China (mainland) ‘Local companies have problems with attracting financing from international IPOs, debt placement or borrowing from international financial institutions. Therefore they scale down investment projects a ...
Chapter 20 Explaining Business Cycles: Aggregate Supply and
... imported raw materials such as oil will also work very much like a negative productivity shock. If the price of oil increases relative to the general price level, an economy dependent on imported oil will have to reserve a greater fraction of domestic output for exports to maintain a given volume of ...
... imported raw materials such as oil will also work very much like a negative productivity shock. If the price of oil increases relative to the general price level, an economy dependent on imported oil will have to reserve a greater fraction of domestic output for exports to maintain a given volume of ...
pg07 Daveri 5064423 en
... This previous lack of attention is a shame for the analysis of Italy’s off-shoring data is not the mere addition of yet another country to a growing literature of country studies, but provides interesting insight per se. For sure, the picture for Italy may be seen as mirroring in reverse the Americ ...
... This previous lack of attention is a shame for the analysis of Italy’s off-shoring data is not the mere addition of yet another country to a growing literature of country studies, but provides interesting insight per se. For sure, the picture for Italy may be seen as mirroring in reverse the Americ ...
Ups and Downs - Semantic Scholar
... theory, demand shocks push prices and output in the same direction, but they do not immediately affect wages very much, because wages are usually set in advance.6 Consequently, real wages, that is, wages adjusted for inflation, move in the opposite direction from output: Real wages rise when output ...
... theory, demand shocks push prices and output in the same direction, but they do not immediately affect wages very much, because wages are usually set in advance.6 Consequently, real wages, that is, wages adjusted for inflation, move in the opposite direction from output: Real wages rise when output ...
2 CRISIS AND REBOUND: THE DIFFERENTIATED IMPACTS, POLICY RESPONSES AND OUTLOOK
... by the third quarter it was down to 2.2%. In Macao, China, revenue from the gaming and entertainment sector fell by 10% within the first seven months of 2009, with a 15% year-on-year drop in GDP in the second quarter of 2009. By the third quarter however, a number of multibillion-dollar investment p ...
... by the third quarter it was down to 2.2%. In Macao, China, revenue from the gaming and entertainment sector fell by 10% within the first seven months of 2009, with a 15% year-on-year drop in GDP in the second quarter of 2009. By the third quarter however, a number of multibillion-dollar investment p ...
Economic Values and Resource Use - Bortom BNP
... of surplus value, i.e., the extent to which profits are appropriated from the value created by labor. 2.1. The Classical Theory Labor-time is an absolute and objective quantity that can be compared through time and space. Embodied labor-time has the advantage of being intrinsic to the objects of pro ...
... of surplus value, i.e., the extent to which profits are appropriated from the value created by labor. 2.1. The Classical Theory Labor-time is an absolute and objective quantity that can be compared through time and space. Embodied labor-time has the advantage of being intrinsic to the objects of pro ...
I CHAPTER 2. SUBREGIONAL PERFORMANCE AND MEDIUM-TERM CHALLENGES Robust growth despite slowing exports
... growth from 2.6% in 2006 to 6.2% in 2007, on the back of high petroleum and mineral prices. But civil unrest in Tonga in November 2006 and a coup d’etat in Fiji in December 2006, caused a decline in tourism to both countries during 2007, lowering their GDP growth. Palau, Vanuatu and the Solomon Isla ...
... growth from 2.6% in 2006 to 6.2% in 2007, on the back of high petroleum and mineral prices. But civil unrest in Tonga in November 2006 and a coup d’etat in Fiji in December 2006, caused a decline in tourism to both countries during 2007, lowering their GDP growth. Palau, Vanuatu and the Solomon Isla ...
Vertex Centralities in Input-Output Networks Reveal the Structure of
... sectors to an economic shock. Such a shock is a change in an exogenous variable that has repercussions on the endogenous variables under analysis [1]. In input-output accounts, prices, technologies, firms, the distribution of profits, government policy, and the vector of final demands are exogenous, ...
... sectors to an economic shock. Such a shock is a change in an exogenous variable that has repercussions on the endogenous variables under analysis [1]. In input-output accounts, prices, technologies, firms, the distribution of profits, government policy, and the vector of final demands are exogenous, ...
DRAFT: Not for citation
... manufactured exports. The extent to which Lewis’ prediction has been realized can be seen from Table 1, which shows patterns of exports and imports of food and other agricultural products, fuels and minerals, manufactures, and services for 20 countries, for 1980, 1997, and 2003. The developed countr ...
... manufactured exports. The extent to which Lewis’ prediction has been realized can be seen from Table 1, which shows patterns of exports and imports of food and other agricultural products, fuels and minerals, manufactures, and services for 20 countries, for 1980, 1997, and 2003. The developed countr ...
Macroeconomic Theories of Inflation
... Cost-push inflation is caused by wage increases enforced by unions and profit increases by employers. The type of inflation has not been a new phenomenon and was found even during the medieval period. But it was reviewed in the 1950s and again in the 1970s as the principal cause of inflation. It als ...
... Cost-push inflation is caused by wage increases enforced by unions and profit increases by employers. The type of inflation has not been a new phenomenon and was found even during the medieval period. But it was reviewed in the 1950s and again in the 1970s as the principal cause of inflation. It als ...
New Zealand’s productivity performance and prospects Aaron Drew
... New Zealand’s medium-to-longer-run growth prospects and general standard of living critically depend upon its labour productivity performance. Relative to most OECD countries, the level of labour productivity in New Zealand is low and, when measured as GDP per worker, the historic growth performance ...
... New Zealand’s medium-to-longer-run growth prospects and general standard of living critically depend upon its labour productivity performance. Relative to most OECD countries, the level of labour productivity in New Zealand is low and, when measured as GDP per worker, the historic growth performance ...
Growth versus development: different patterns of industrial growth in Latin America
... of developing countries’ average rate. This relatively feeble performance vis-à-vis the developing world —particularly as regards some Asian economies— seems to be rooted in the absence of a more consistent set of productive policies in the presence of deep structural heterogeneity (Infante, 2009). ...
... of developing countries’ average rate. This relatively feeble performance vis-à-vis the developing world —particularly as regards some Asian economies— seems to be rooted in the absence of a more consistent set of productive policies in the presence of deep structural heterogeneity (Infante, 2009). ...
CFA Dinner
... Euroland - will have a very major bearing on Global, GCC and Emerging Markets in general. W/V or U – US has its own severe economic issues, which have some way to resolve, including a new banking ‘battle’ – are we back to Glass Steagel? – China tightening interest rates – If the Chinese economy slow ...
... Euroland - will have a very major bearing on Global, GCC and Emerging Markets in general. W/V or U – US has its own severe economic issues, which have some way to resolve, including a new banking ‘battle’ – are we back to Glass Steagel? – China tightening interest rates – If the Chinese economy slow ...
2013/2014 (1) - Lietuvos laisvosios rinkos institutas
... prekybos apimčių augimas lėtės.........................7 Šešėlinė ekonomika ir mokesčių našta: rinkos dalyvių vertinimu šešėlio mažėja....................................................7 Darbo užmokestis ir toliau augs.........................9 Verslas ir investicinė aplinka: daugiausia kliūčių kyl ...
... prekybos apimčių augimas lėtės.........................7 Šešėlinė ekonomika ir mokesčių našta: rinkos dalyvių vertinimu šešėlio mažėja....................................................7 Darbo užmokestis ir toliau augs.........................9 Verslas ir investicinė aplinka: daugiausia kliūčių kyl ...
Long-Run and Short-Run Concerns: Growth, Productivity
... • The business cycle describes the periodic ups and downs in the economy, or deviations of output and employment away from the longrun trend. • A recession is roughly a period in which real GDP declines for at least two consecutive quarters. It is marked by falling output and rising ...
... • The business cycle describes the periodic ups and downs in the economy, or deviations of output and employment away from the longrun trend. • A recession is roughly a period in which real GDP declines for at least two consecutive quarters. It is marked by falling output and rising ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.