State of the Economy and Prospects CHAPTER 1 While India's recent slowdown is partly rooted in external causes, domestic causes are also important. The strong post-financial-crisis stimulus led to stronger growth in 2009-10 and 2010-11. However, the boost to consumption, coupled with supplyside constraints, led to higher inflation. Monetary policy was tightened, even as external headwinds to growth increased. The consequent slowdown, especially in 2012-13, has been across the board, with
Words: 15695 - Pages: 63
Mauritius has developed from a low-income, agriculture based economy to a middle-income diversified economy with growing industrial, financial, and tourist sectors. Mauritius is considered the only African country ranked as a “full democracy” in the Economist Intelligence Unit’s Democracy Index. Navin Ramgoolam of the Mauritius Labour Party has been Prime Minister since 2005, and Rajkeswur Purryag has been president since 2012. Economy: Development Mauritius has a multi-ethnic, multi-religious
Words: 1138 - Pages: 5
developing countries SMEs are important to almost all economies in the world. In many countries, SMEs are the key actors in generating well-brought-up employment in most developing countries involves the expansion of this sector fast enough to absorb people previously unemployed (a few) or engaged in low productivity informal sector jobs and the majority of jobs are provided by SMEs, In low-income countries, especially where the informal sector is large, but it is still significant. The SME sector’s
Words: 1580 - Pages: 7
formulated in order to resolve the problems which were caused by planned economics system in these three countries. The development of financial system was mainly controlled by government and less freedom can be given so that it caused the less-developed problems among these Mekong countries. However, during the last decades, with the distribution of market-oriented economy government released the control of private enterprises and the discrimination of small and medium enterprises have been gradually
Words: 2489 - Pages: 10
the Global Financial Crisis Miranti Kartika Dewi 1 *Researcher of Centre for Islamic Economics and Business ** Lecturer of Department of Accounting Faculty of Economics, University of Indonesia Ilham Reza Ferdian * Student of Master of Science on Finance Programme Kuliyyah of Economics and Management Sciences International Islamic University Malaysia ** Fellow of PT. Bank Muamalat Indonesia ABSTRACT Global financial crisis which hit many too-big-too-fail countries and financial institution
Words: 2256 - Pages: 10
introduction Hong Kong is one of the fastest growing economies in the world. It is also one the four Asian Tigers. Aim of this paper is to find out how Hong Kong’s “positive non-intervention” policy and rules-based approach applied in the practice and how it helps Hong Kong achieve enormously success. The factors account for the success of Hong Kong economy are that openness and freedom from foreign exchange rate and fiscal policy, reasonable economic policies, and non-interventional approaches
Words: 3079 - Pages: 13
The Relationship between Financial Markets and Economic Growth: Implications for Canada Research Study Prepared for the Wise Persons’ Committee Gordon Boissonneault Senior Economist, WPC Staff October 24, 2003 The Relationship between Financial Markets and Economic Growth: Implications for Canada Executive Summary The financial sector has experienced significant change over recent decades, driven by advances in information and communications technology and widespread reductions
Words: 9589 - Pages: 39
“How Mortgage Crises in United States has affected Turkish Real Estate Sector?” Muhammet Çağlar Kılınç Cansu Sugün The U.S Mortgage Crises was characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backed by said mortgages. This caused an economic recession and in 2008-2012 it is called Global Recession due to the negative effects in the global sense. There are number of factors that lie behind these crises in both housing and
Words: 2117 - Pages: 9
Many countries in Europe and US are dealing with fiscal crises, banking sector instability and serious downside growth risk. Fortunately, Das (2012) point out that Australia has a great probability in the future to face global economy problems. Australia is rich in natural resources, and because of their natural resources, it helps Australia to show a great performance in economic sector (Das, 2012). Australia’s economy activity keeps increasing, also added by the amount of demand for exports from
Words: 1778 - Pages: 8
Nigeria banking sector has experienced a boom-and-burst cycle in the past 20-25 years. After the implementation of the structural adjustment programme (SAP) in 1986 and de-regulation of the financial sector, new banks proliferated mainly driven by attractive arbitrage opportunities in the foreign exchange market (Heiko 2007), but prior to the de-regulation period, financial intermediation never took off and even declined in the1980’s and 1990’s (Capirio and Kligbiel). The sector was highly oligopolistic
Words: 9356 - Pages: 38
