INTRODUCTION China is the world second biggest economy in the world; this result was achieved in the last 30 years as its economy has been growing in average 10% annually (According to International Monetary Fund). This uncommon economics performance compels economists all around the world to ask them selves is a democracy an only system of government which guarantee sustainable growth and development of an economy? Though some economists believe that democracy, as the most common type of capitalism
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notions: (1) that FDI displaces trade, and (2) that FDI and trade complement each other. Literature on FDI talks about the effect of foreign investments on trade. Lipsey (2002) mentions that outward FDI may decrease or increase (or have no effect on) exports of home country. These effects depend largely on the competitiveness of the host country and the motives behind investment by the home country in the host country. This paper is aimed at studying the effect of FDI on bilateral trade as well as effect
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foreign borrowings on India's balance sheet. After independence, India had chosen to adopt a fixed exchange rate currency regime. The rupee was pegged at 4.79 against a dollar between 1948 and 1966. Two consecutive wars, one with China in 1962 and another one with Pakistan in 1965; resulted in a huge deficit on India's budget, forcing the government to devalue the currency to 7.57 against the dollar. The rupee's link with the British currency was broken in 1971 and it was linked directly
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DFW Memorandum Name: Institutional Affiliation: Date: Over the years, economic globalization has been a hot topic worldwide. While a section of people argue that economic globalization has caused a number of problems, its positive impacts cannot go unnoticed. Economic globalization has been instrumental in the creation of free market flows, thus in the process, enabling development or increased productivity in developing countries. With this, it means that the developing countries
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Chapter 07 The International Legal Environment: Playing by the Rules True / False Questions 1. | The form of law found in the United States and England is classified as civil or code law. True False | 2. | The form of law found in Germany, France, and Japan is called civil or code law. True False | 3. | Common law is based on an all-inclusive system of written rules of law. True False | 4. | Under code law, the legal system is generally divided into
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Background Information of India India is a country located in South Asia with a total area of 3,287,263 square km. It has a total population of 1.241 billion. Hindi is the official language of the country with 14 other official regional languages. However, English has become the second language and often used in business. New Delhi is the capital city of the country. The Gross Domestic Product (GDP) per capita for India is $1,592. Population growth in India is decreasing, however, it is predicted
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FINAL REPORT Impact of Trade and Economic Policy Reforms on Key Sectors of the Egyptian Economy PREPARED BY ATR Project SUBMITTED TO USAID/Cairo Ministry of Foreign Trade SUBMITTED BY Nathan Associates UNDER CONTRACT NO. PCE-I-00-98-00016-00 Task Order 827 2 April 2004 Contents Executive Summary Egypt’s Economy in Relation to the Global Marketplace Trade Policy and the International Trade Regime Impact of Trade Regime Changes on Subsectors Conclusions Next Steps
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that the Textile Industry had to be considered independently to meet the needs of the large population. Until 1990s the Textile Industry was basically meeting the local needs. Following the increase in the export of readymade garment industry, the textile industry started catering to the export market in the 1990s. The Government Policy in Bangladesh always favored the backward linkage industry. However, the most dynamic policy was the announcement of Textile policy in 1992-1994 when textile was declared
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exotic character. Not many people really know the extent of Brazil’s recent growth and improvements in social security and in overcoming poverty. We expect the labor force and operational costs to be low, like in the other emerging countries like China. However we take in to consideration higher costs involving security and bureaucracy. Chapter 1 – Short presentation of the country The Federative Republic of Brazil is the largest country in both South America and the Latin America Region. It is
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KPMG INTERNATIONAL KPMG’s Global Automotive Executive Survey 2012 Managing growth while navigating uncharted routes kpmg.com/automotive II | KPMG’s Global Automotive Executive Survey 2012 Acknowledgements The Global Automotive Executive Survey is KPMG International’s annual assessment of the current state and future prospects of the worldwide automotive industry. In this year’s survey, 200 senior executives from the world’s leading automotive companies were interviewed, including
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