Malaysian Economy Vision 2020 Lectures: Madam Fatin Fazrida Background Wawasan 2020 or vision 2020 introduced by former Prime Minister of Malaysia Tun Mahathir Mohamad in 1990 and was presented to the Malaysia Business Council in 1991. The vision calls for the nation to achieve a self-sufficient industrialized nation by the year 2020.Moreover, encompasses all aspects of life including economic prosperity, social well-being,education,political stability, and psychology
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I. Summary : II. Question 1: Economic and political system under Hugo Chavez's leadership. When Hugo Chavez took power, he has redefined government to quickly build "socialism 21st century." He promised that economic reform will radically than before: "All what has been privatized, should be nationalized. People must be managed in strategic areas. "Chavez is expected to begin conducting "reform socialist constitution", which nationalized the vital economic sector and large private enterprises
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sectors. The primary sector involves making direct use of natural resources and obtaining raw materials. In contrast the secondary sector produces manufactures goods. This is the process by which everything is put together. The tertiary sector of the economy is
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An economy or economic system consists of the production, distribution or trade, and consumption of limited goods and services by different agents in a given geographical location. The economic agents can be individuals, businesses, organizations, or governments. Transactions occur when two parties agree to the value or price of the transacted good or service, commonly expressed in a certain currency. In the past, economic activity was theorized to be bounded by natural resources, labor, and capital
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MACRO FACTORS AFFECTING BUSINESS ENVIRONMENT SUBMITTED BY: AAYUSH VERMA INTRODUCTION A business firm is an open system. It gets resources from the environment and supplies its goods and services to the environment. There are different levels of environmental forces. Some are close and internal forces whereas others are external forces. External forces may be related to national level, regional level or international level. These environmental forces provide opportunities or threats to the
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INTRODUCTION After the independence, the policymakers in India have tried to liberalise the economy. Out of all those attempts, two are considered to be the major, one of which took place in 1980s during the post emergency rule of Indira Gandhi (1980-1984), Rajeev Gandhi’s regime (1984-1989) and the other one started in 1991 during the congress government in the centre. Although the government has the more favourable condition during the earlier attempts (especially in Rajiv Gandhi regime, he came
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check the entire concept of consumerism, we would find that more than a habit, it is a political movement and an economic instrument. In its political aspect, consumerism is an institutionalized effort to protect consumers from exploitative policies and practices such as “inferior or dangerous products, unfair pricing, and false advertising”. It is also a movement for upholding honest business practices. This political movement is to serve as check and balance for the economic theory manifested in the
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their foreign exchange reserves would not be used to purchase their manufactures from abroad. Three issues made this policy difficult to follow. The first is that the internal markets of the poorer countries were not large enough to support the economies of scale used by the richer countries to keep their prices low. The second issue concerned
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large Canadian company should expand its foreign operations in Germany. The country was analyzed based on its Macro Environment – country description, Political situation and stability, Legislation, Economic conditions and Cultural issues, as well as on its Factor Endowments. The findings show that Germany has an overall stable and healthy economy with excellent advanced factors of production – especially in regards to productivity and innovation. With new ties to Canada, through CETA, legislation
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and to make recommendations towards that overall economic condition of the Honduran economy. Historical Legacy and Context: Economically, Honduras ranks as the second poorest nation in the western hemisphere, second only to the country of Haiti. Other statistics report Honduras is the third poorest nation in all of Latin America, ahead of only Nicaragua and Guyana (Cordero). In analyzing a nation’s economy, it is important to look at history, how the country came into existence. Any country’s
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