to industrial sector, trade as well as financial sector aimed at making the economy more efficient. Slower economic growth and higher inflation in the fiscal years 1990 and 91 increased the population below poverty line to 38% reversing the previous trends until then. The balance of payments BoP crisis of 1990 and subsequent policy changes led to a temporary decline in the GDP growth rate which fell from 4.9% in FY 1990 to 1.1% in 1991. The crisis in 1991 was caused by currency over-valuation, the
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The UK’s macroeconomic performance can be measured in terms of economic growth, inflation, unemployment and the balance of payments on the current account. One importance of higher labour productivity in the UK is that it means that each member of staff produces more output in the same given time period which will improve the economies position on the PPF by moving closer towards the curve. This is because the economy will be producing more output with the same amount of resources available which
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mid 1960s, concurrent with China’s exploding GDP growth rate, the value of copper in the modern industrial market place began to soar due increased global demand. Chile, whose copper reserves account for 28% of the world’s total supply, experienced the positive economic impact from this increased demand, as seen through the country’s GDP growth of over 400% between 1970 and 2014, adjusting for inflation, (Appendix 1). Coupled with the solid GDP growth over the last 45 years, Chile was also able to
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time in the past decade, ranking first in the Troika." The 2015 Consumption Market Development Report which is issued by Ministry of Commerce pointed out that the consumption-driven development model will be basically established this year, and the growth rate, structure, hotspots, drive of consumption will change accordingly. Unlike the spokesman of Statistics Bureau Sheng Yun’ opinion that the contribution of consumption to GDP ratio in the first quarter may reach 60%, according to Zhao Ping’s
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infrastructure, manufacturing, and tourism are sectors where progress has been made in policy and economic reforms. The Aquino Administration made such improvements in the reforms sought by the largest coalition of foreign investors in the country but economic growth under its watch has not yet decease the numbers of unemployment and underemployment in the Philippines. The Joint Foreign Chambers of the Philippines unveil the progress of the Philippines and its rated “active or moving”. It also identifies reforms
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economists uped their estimates to 3.1%. • Pierpont Securities economist Stephen Stanley put the growth rate at 3%. • Macroeconomic Advisers had their tracking estimate at an enormous 3.3% At a 3% pace, this GDP growth would be the fastest since the first quarter of 2012, a slight improvement for this economy which has been stuck at a 2% expansion since the recovery began in mid-2009. GDP growth has exceeded 3% only four times since the recession’s end. The article goes on saying on how the headline
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(SOC) which is a custodian of freight rail, ports and pipeline. It is responsible for enabling competitiveness, growth and development of the South African economy through the delivery of reliable transport and handling of services that satisfy customer demand. Its mandate from the government is to assist in lowering the cost of doing business in South Africa, thus enabling economic growth and ensuring security of supply through providing appropriate ports, rail and pipeline infrastructure in a cost-effective
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Introduction: Singapore's generous territory on real sea paths and its beneficial number need accommodated its nation over a money related centrality in Southeast Asia without recognizing its little measure. Singapore is a standout amongst the most open, and accordingly aggressive, showcases on the planet. Singapore's quick financial development from the 1960s set off its change into a present day city-state today. It has now a populace of more than four million individuals (counting outside labourers
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India is the largest democracy in the world with a population of 1.21 billion (census of India, 2011). The country comprises of 29 states and 7 UTs with diverse social and cultural contexts. Various national development programs are being planned and implemented under a federal structure whereby both the Centre and the State share the responsibility and the resources. One amongst them is the Education, which was not always a shared responsibility rather was a State subject where the Centre played
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South Africa is considered a developing African country where economic development has been influenced by global economic trends and distortions in the economy that occurred under colonial and apartheid governments during the 20th century (Turok, 2008). Consequently, the South African economy was unprepared for its re-entry into the global economy after 1990, so today the country attempts to compete with other countries on the basis of an under-developed socio-economic infrastructure (Abbott, Goosen
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