An Open Letter from Kenneth Rogoff, International Monetary Fund, to Joseph Stiglitz, Author of Globalization and Its Discontents 2 July 2002 At the outset, I would like to stress that it has been a pleasure working closely with my World Bank colleagues—particularly my counterpart, Chief Economist Nick Stern—during my first year at the IMF. We regularly cross 19th Street to exchange ideas on research, policy, and life. The relations between our two institutions are excellent—this is not at issue
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Consumer Confidence and Economic Growth Introduction: Consumer confidence is a key driver of economic growth. It is widely considered an economic indicator of household consumption expenditure. Consumers tend to increase consumption when they feel confident about the current and future economic situation of the country and their own financial situation. In economies such as India and the US where personal consumption represents 66% and 71% of GDP respectively, consumer confidence has a particularly
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Government failure therefore became the new substitute for market failure in development (Mehmet, 1995:116) and state intervention was considered again as fundamental. For instance, New Institutionalist economics scholars attributed the East and South Asian “miracle” to the efficiency of the state organizations and regulations and therefore to state-led reforms that took place in those countries, rather than
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Topic: China’s financial liberalization Title: China’s financial liberalization and the policy transformation towards openness Author: Xuepan Cheng 4136801 Abstract This paper focused on the research of China’s financial liberalization reform in order to discuss the economic and financial effects casted by financial liberation. Also the article pointed out the current problems of China’s financial system and provided suggestions for implementation. The main argument of policy suggestions for China
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emergence of the Internet”. It indeed rocked, by lowering costs, minimizing the response time, creating new business models, improving logistics abilities and overall improving the service offered to the customer. Gribbins et al. (n.d.) analyzed in their paper how e-business impacted P & G, a major player in the consumer goods industry. From P & G’s e-business and internet “embrace” we can clearly see the impact and results this strategic initiative has on an organization. A few examples of what they have
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even as he continued to focus on his campaign against drugs and lawlessness. As part of our reaction paper on the Economic aspect of President Duterte’s SONA, listed below are the following economic condition and his plans for the country that he stated during the SONA; * Investing in human capital to ensure equal access to economic opportunities. * Retaining the sound macro fundamentals already laid in place. * Addressing the bottlenecks in business registration and processing, streamlining
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ISAS Working Paper No. 85 – Date: 7 September 2009 469A Bukit Timah Road #07-01, Tower Block, Singapore 259770 Tel: 6516 6179 / 6516 4239 Fax: 6776 7505 / 6314 5447 Email: isassec@nus.edu.sg Website: www.isas.nus.edu.sg An Economic Analysis of Bangladesh’s Foreign Exchange Reserves M. Shahidul Islam 1 Executive Summary Following the rapid accumulation of foreign exchange reserves in recent months, there has been a growing interest in Bangladesh on the alternative uses of its reserves. However
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UNDP HDR-QMMM SYBA 1 Sr. No. 1 2 3 4 5 6 7 8 9 Partuculars Introduction A1)Synopsis of the Report A2)Chapter 3 the Heart of this report A3)HDR 2013 Significance to a Macroeconomics student A4)Findings of the Report with Regards to Venezuela A5)Lessons Learnt From this Assignment Conclusion Appendix 1 Bibliography Page No. 3 3 4 7 8 9 10 11 12 2 Introduction: The report I have studied for this assignment is the Human Development Report of 2013 . It was prepared and published
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Kayla Bradford Week 2 – Fundamentals of Macroeconomics Paper Part One 1. Gross Domestic Product (GDP) – the yearly total of all goods and services made and sold in the economy. 2. Real GDP - the market value yearly total of all goods and services made and sold in the economy. 3. Nominal GDP – the market value yearly total for all goods and services made and sold in the economy that is then adjusted for existing prices/inflation. 4. Unemployment Rate – The rate of people in the economy who
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to ensure macroeconomic stability of the country, promote economic growth, and develop a mechanism for equitable distribution of income. The main tools to achieve these objectives are variation in public revenue, variation in public expenditure, and management of public debt. These are reflected in the budgetary operations of the government, prepared and implemented on year-on-year basis. While the Government’s fiscal strategy emphasizes the need for maintaining overall Macroeconomic stability
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