Introduction World economy is facing recession today. Every country with largest economy has been affected by that. Largest economy country such as USA’s economy has fallen. As everything is now globalized all the country of the world has felt impact on different degrees. Bangladesh’s economy is going upward day by day. Being so conservative with economy Bangladesh has somewhat stopped the bad effect of recession. Since Bangladesh is a developing country it is not safe from any global effect.
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been some major financial crises in the world in the recent past. The crisis are the European Monetary System that occurred in 1992-1993, The Mexican crisis 1994-1995, the Asian crisis 1997-1998 and the recent global financial crisis 2007-2009. The recent financial crisis has affected the international trade. The financial crisis began in the United States in 2007 in the housing market resulting in foreclosures. The crisis continued to grow and eventually turned into a global financial crisis as well
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Tamil Nadu National law School PRIVATE SECTOR IN INDIA: BOON OR BANE SUBMITTED IN THE PARTIAL FULFILLMENT OF B.A.L.L.B (Hons.), THIRD SEMESTER Submitted to: Submitted by- Mr.Yuvraj Akash Gupta BA0130005
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Background of the Study Financial sector is the backbone of economy of a country. It works as a facilitator for achieving sustained economic growth through providing efficient monetary intermediation. A strong financial system promotes investment by financing productive business opportunities, mobilizing savings, efficiently allocating resources and makes easy the trade of goods and services. Several studies (McKinnon, 1973; Levine, 1997) have reported that the efficacy of a financial system to reduce information
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the handling of its own home grown crisis, now the ‗euro zone crisis‘. Starting from Greece, Ireland, Portugal, Spain and more recently Italy, these euro zone economies have witnessed a downgrade of the rating of their sovereign debt, fears of default and a dramatic rise in borrowing costs. These developments threaten other Euro zone economies and even the future of the Euro. Such a situation is a far cry from the optimism and grand vision that marked the launch of the Euro in 1999 and the relatively
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manufacturing and service sectors have faced dramatic changes in their business environment. The secondary sector of the economy includes those economic sectors that create a finished, usable product: manufacturing and construction. Some economists contrast the wealth-producing sectors in an economy such as manufacturing with the service sector. Service’ can range from retail, insurance and government. Economists state that an economy begins to decline as its wealth-producing sector loses influence. Along
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efforts to narrow the development gap will be driven mainly by the IAI Work Plan (IAI-WP). The six-year IAI-Work Plans have been developed to assist the CLMV countries as well as ASEAN's other sub-regions to ensure that the economic wheels of their economies move at an accelerated pace. The first phase of the Work Plan covered the years 2002 to 2008. The current Work Plan (IAI-WP II) is based on key programme areas in the three Blueprints for the ASEAN Community: ASEAN Political-Security Community Blueprint
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ABSTRACT The ASEAN regional integration visualizes the conversion of economies in Southeast Asia into a unified market and manufacturing base by promoting the unobstructed flow of goods and services. It signifies better chances of more market entries, lesser input costs, lower discharge expenditures, greater inflows of foreign investments, and wider options for quality commodities and services at reasonable prices. This research examines issues as to whether the benefits outweigh the costs of
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development of economy of any country depends mostly on the establishment of sound, effective and efficient financial system in that country. A well-developed financial system plays an important role in accelerating economic growth by mobilizing savings and facilitating investment in an efficient manner (Mu, 2007). Financial market is composed of different markets- Money Market, Capital Market, Derivative Market etc. All the markets play an interactive role for the development of economy by formation
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This represents a shift from our previous two surveys, which showed that the country’s low labor costs and productivity gains on offer were its most appealing features. This change can be attributed in part to the ongoing instability of the global economy. It is this uncertainty that has led investors to look to countries such as Kazakhstan as a safer place to grow. The reality of foreign investment in Kazakhstan confirms this perception. While global FDI inflows declined by 18% between 2011 and 2012
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