Economic analysis Russia has the 9th largest economy in the world by nominal GDP (2097 billion USD) and the 6th largest by purchasing power parity. Since the end of Soviet Union in the early 90’s, Russia had developed a high-income economy with abundant natural resources, particularly oil and natural gas. The state has strengthen his dominance in the aerospace industry, mining, and oil and gas industries, but the budget remains heavily dependent on exports of natural resources, especially hydrocarbons
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that of a changing world order, specifically the rise of democracy and free market reform. The decline of communism and closed markets has dramatically affected how the world does business. The last characteristic is the fact that world trade is growing from individual national economies into a closely integrated global economic system. In addition to these characteristics, the text describes two main drivers of globalization. Declining trade and investment barriers, such as reduced tariffs and
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a dominant world power. Its economy grew fascinatingly fast and they now have the second largest economy in the world. Even though this growth is very remarkable, China still faces a lot of issues. A major issue is that of the urban rural disparity gap. With a population of 1.3 billion, China is still considered a developing country. “China’s gross national income per capita of $4,940 ranked 114th in the world; and over 170 million people still live below the $1.25-a-day international poverty line”(The
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According to my experiences, as an Indonesian, I lived in the city, so the health quality and services are more available for everyone. However, if I compare between city and country side, I can see much difference between them. In the country side, many people suffer and died from inadequate of health care systems. Furthermore, there are another reasons for this, for example lack of facilities and equipment to do operation or surgery and also can be low income cause some people tend to stay at home
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education has affected mostly women. This means, that the expenditure of federal budget money allocated for education is becoming more and more gender asymmetric, and not in favor of women. * Growing Discrimination Policy As for higher education, an important factor that complicates women's access is growing discrimination
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GLOBAL ECONOMICS CRITICAL ESSAY Does Globalization Cause Inequity Among Rich and Poor Nations? M. Stephen Lucas March 2007 Lucas 2 Table of Contents Introduction Discussion International Inequality Trade verses Aid Culture Clash Trade Liberalization 5 8 13 18 3 Conclusion 21 Bibliography Appendix 23 26 Lucas 3 Does Globalization Cause Inequity Among Rich and Poor Nations? Introduction Globalization and international trade have been around for millennia. Over the most
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Starting from the mid-1900s the labor force was met by a wave of women. During that time traditional gender roles were still prevalent, however women still joined the paid workforce. However, women were expected to put their careers and education on hold as soon as they became pregnant as it was viewed as a mothers duty to raise her kids. Men were expected to continue working and not to stay at home with the newborn. During the 1960s were more and more women began to work, jobs started to become
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Thailand A Story of Unequal Growth Hailed as the “Southeast Asian Miracle,” Thailand’s economy was among the fastest growing in the world in the latter 20th century. Gross domestic product (GDP) averaged 7.6% during the 1960s and 1970s, dropping to 5.5% during the early 1980s, and then rose to 9% during 1985-1995 (Doner 26). Having undergone dramatic transformation from an agrarian economy into a Newly Industrializing Economy (NIE) in just three decades, the IMF and the World Bank were touting
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Equality and Discrimination Hundreds of millions of people suffer from discrimination in the world of work. This not only violates a basic human right, but has wider social and economic consequences which perpetuate poverty and inequality while worsening social tensions. Lessening discrimination could help the world dramatically decrease poverty and promote decent work for all. Unions can play a crucial role in fighting discrimination nationally and internationally through political action
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According to my experiences, as an Indonesian, I lived in the city, so the health quality and services are more available for everyone. However, if I compare between city and country side, I can see much difference between them. In the country side, many people suffer and died from inadequate of health care systems. Furthermore, there are another reasons for this, for example lack of facilities and equipment to do operation or surgery and also can be low income cause some people tend to stay at home
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