can support a strategy of growth There are three tactics which can support a strategy of growth. First a firm can adopt internal or organic development. For example Glaxo Smith Klein (GSK) a large UK drugs business reorganised its research and development (R&D) operations to improve expansion. Second, another UK pharmaceutical company AstraZeneca carried out takeovers of bio-science firms (mergers and acquisitions M&A). Compare and contrast these two approaches to growth by discussing their relative
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Market Efficiency on Economic Growth in Nigeria Sunday O. E. Ewah, Atim E. Esang & Jude U. Bassey Faculty of Management Sciences, Cross River University of Technology Ogoja Campus, Nigeria Tel: 80-5901-4300 Abstract E-mail: soniewah@yahoo.com The paper is an appraisal of the impact of capital market efficiency on economic growth in Nigeria, using time series data on market capitalization, money supply, interest rate, total market transaction and government development stock that ranges between
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1 Criticisms Rostow‘s stages of economic growth is the most widely circulated and highly commented piece of economic literature in recent years. It is against Marx‘s stages of feudalism, bourgeoisie, capitalism, socialism and communism. However, there are doubts by economists in the authenticity of the division of economic history into five stages of growth as presented by Rostow. To maintain that every economy follows the same course of development with a common past and the same future is to
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4. ECONOMIC DEVELOPMENT: A CHANGING FOCUS 4.1 Introduction The large impact of TFP growth on economic growth (on average 56.5%) found in the previous section provides a sign that there were also other factors, besides physical capital, which were important for economic growth. However, because TFP growth is calculated as a residual, it is unclear which factors are captured by TFP growth. Whether this was technology, as was often assumed, or whatever other factor, could not be decided based
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Working Paper No. 887 FALLACIES IN DEVELOPMENT THEORY AND THEIR IMPLICATIONS FOR POLICY by Irma Adelman Copyright © 1999 by Irma Adelman. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided that this copyright notice appears on all such copies. California Agricultural Experiment Station Giannini Foundation of Agricultural Economics May, 1999 FALLACIES IN DEVELOPMENT THEORY AND THEIR IMPLICATIONS FOR POLICY
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Innovations and Inclusive Growth A Case of Banking Industry in India Kiran Kumar Kakarlapudi Background and Motivation India has entered high growth trajectory with the initiation of economic reforms in the early 1990s with a policy shift towards free market economy.1 While on the growth front, the economy has performed considerably well, on the other hand the issue of distributional effects of growth has gained momentum in the academic and policy environment. Thus, in the eleventh and twelfth five
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help this people, the important things are to increase their income and they will out of the poverty line. Economic growth is often seen as a means of poverty elimination. There are often have some debate whether poverty really could be eliminating by the strength of economic growth or not. Economic growth means quantitative change or expansion in a country’s economy. Economic growth is conventionally measured as the percentage increase in Gross Domestic Product (GDP) or Gross National Product (GNP)
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[Type the company name] Senior-Economics National Development of Third World Countries [Type the company name] Senior-Economics National Development of Third World Countries In this world, the average person in some countries earns more than $40,000/year. In this same rich world, 28 billion people live on less than $700 a year. As a result, 33 thousand children are dying every day in developing countries. Each minute, more than one woman dies during child birth. Hundred million
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An Emperical Study of Export ,Import And Economic Growth in Malaysia Meloney Antong & Kartini Binti Kapin Department of Economics, Faculty Economics and Business Universiti Malaysia Sarawak ------------------------------------------------- Abstract This paper investigates the relationship between export and import to economic growth. This paper is an attempt to carry out an empirical examination of the hypothesis on export-led growth. It also determines the direction of causality between
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Development is a complex issue, with many different and sometimes contentious definitions. A basic perspective equates development with economic growth. The United Nations Development Programme uses a more detailed definition- according to them development is 'to lead long and healthy lives, to be knowledgeable, to have access to the resources needed for a decent standard of living and to be able to participate in the life of the community. We have to identify some of these obstacles and discuss
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