global economic recovery and the worsening Eurozone crisis continue to undermine those factors that enabled the least developed countries (LDCs) as a group to attain higher growth rates between 2002 and 2008. Despite seeing real gross domestic product (GDP) grow slightly faster in 2010, the group as a whole performed less favorably in 2011, signaling challenges ahead. LDCs have been most affected by financial crises caused by other countries. With less diversified economies, LDCs have neither the reserves
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HUMAN DEVELOPMENT REPORT 2004 Cultural Liberty in Today’s Diverse World Accommodating people’s growing demands for their inclusion in society, for respect of their ethnicity, religion, and language, takes more than democracy and equitable growth. Also needed are multicultural policies that recognize differences, champion diversity and promote cultural freedoms, so that all people can choose to speak their language, practice their religion, and participate in shaping their culture— so that all people
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investment 5. a) b) c) GDP is not a sufficient indicator of development because, some economic activities are left out of the calculation large countries have bigger GDP it does not reflect how income is distributed 6. a) b) c) GDP per capita is a useful indicator because, it helps inter country comparison of living standards it helps to understand what each individual earns in a country it is a better indicator than total GDP 7. a) b) c) To make GDP per capita internationally
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Impacts of Globalisation Globalisation, an important characteristic within the contemporary economic environment, is a term to describe the forces that transform an economy into one characterised by the embracement of the freer movement of trade, investment, labour and capital. The drive for globalisation has resulted in greater economic growth globally with an increased access to goods and services provided around the world. However, this increase in world output is often associated with detrimental
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Fachhochschule Köln Cologne University of Applied Sciences Faculty of Economics and Business Administration Research paper of the discipline “Cross Cultural Competence SS 2012” Made by: Brovchenko Ekaterina Dzyuba Stanislav Shushunina Tatiana 2012 Content Summary 1. Targets
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the economic growth has not been as expected. Growth of the variables has gone at a slow pace. GDP increases over time but with a high fluctuating rate. Rate of educated people, standard of health care, standard of living have improved but it is still poor in comparison with other countries of the region. It is one of the countries whose economy is based on agriculture. A huge portion of the country’s GDP comes from agriculture. But yet it has some major constraints due to what it is still facing some
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primary, tertiary and secondary is useful on account of the information it provides on how and where the people of a country are employed. also this helps in ascertaining as to which sector of economic activity contributes more or less to the country’s GDP and per capita income. If the tertiary sector is developing much faster than the primary sector, then it implies that agriculture is depleting, and the government must take measures to rectify this. The knowledge that the agricultural profession is
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Vision Page 2 1.4 Scope of the Analysis Page 2 2.0 Geographic Location Page 3 3.0 Demographic Analysis Page 3 4.0 Economic Analysis Page 3 4.1 Macroeconomic Analysis Page 4 4.1.1 GDP and GDP Growth Page 4 4.1.2 GDP per capita and GDP per capita PPP Page 5 4.1.3 Income Distribution Page 5 4.1.4 Major Exports and Imports Page 5 4.2 Business Environment Page 6 4.2.1 East of Doing Business Page 6 4.2.2 Economic Freedom
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Growth relates to a gradual increase in one of the components of Gross Domestic Product: consumption, government spending, investment, net exports. Measurement Qualitative HDI (Human Development Index), gender- related index (GDI), Human poverty index (HPI), infant mortality, literacy rate etc. Quantitative. Increases in real GDP. Effect Brings qualitative and quantitative changes in the economy Brings quantitative changes in the economy Relevance Economic development is more relevant to measure progress
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CONTENTS Preface. 23 SECTION - I Basic Issues in Economic Development 1. Economic Development and Under Development. 27 — Introduction — What does Development Mean — Economic Growth and Economic Development — The New View of Economic Development • Development as a Multi-dimensional Process • Three Core Values of Development — Development, Freedom and Opportunities — Human Development • Sustainable Human Development • What Makes
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