Introduction Over the last two decades economic growth has got a lot more attention among policymakers, corporate, economists, and academics in India and across the world. Since 1991, when India implemented liberalization, privatization, and globalization policies, GDP growth rate has become a buzz word. It has got disproportionate amount of attention from policymakers and economists. It has been used excessively to measure the success or failure of any policy. But after two decades it has become
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growing, it's just that the wealthier people's success is growing more. In their paper they state, “Anyway, what Americans seem to mind the most is equality of opportunity--and people do not feel there is any less of it now than there used to be” (The Economist 2). So, Americans feel that people, for the most part, have an equal opportunity to be successful. Lindsey does not feel the same, he talks about in his paper that people of higher income families have a higher chance of success based on the fact
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rest last summer’s fears that a second recession was imminent. Other reports this week on manufacturing and consumer sentiment offered similar, if mild, encouragement. ! ! “All in all, it’s not bad, but there’s no oomph,” said Jay Feldman, an economist at Credit Suisse. Forecasts have called for such slow growth that the Federal Reserve on Wednesday said it planned to keep interest rates near zero through 2014. Even with the pickup in output, the pace last quarter was below the average of economic
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prudent first to know the reason behind the decision and the roles of both national and fiscal policies. In the past, around 1930s classical economist held that the economic downturn can only correct itself and doesn’t need intervention from government. American great depression made many economist and policy makers to give a second thought to classical economist by seeing a need for policy intervention (Blinder, Zandi, & Moody's Economy.com, 2010). Since then monetary and fiscal policies have remained
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Chapter 5: Government Expenditure and Revenue by Ooi Soon Beng After studying this chapter, you should be able to understand: Public Budget Budget Deficits and Surplus Expansionary and Contractionary Fiscal Policy Discretionary and Automatic Fiscal Policy National Debts and Its Issues and Misconceptions Problems with Fiscal Policy : Macroeconomics According to Keynes, government has to intervene to stabilize the economy. Stabilization can be achieved in part
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Thinking big is all the rage these days with U.S. money managers. Many are hiring high-profile economists to help them better navigate global economic and geopolitical events. Hedge funds and other institutional investors are tapping so-called macro thinkers like economists Martin Feldstein, Henry Kaufman and former Federal Reserve Chairman Alan Greenspan at a time when fundamental analysis is often being overwhelmed by big-picture political and governmental risks. This year alone, hedge fund
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individual firms accused of being sweatshops as well as their influence on the standard of living in Third World countries. Economists nowadays view sweatshops as a creation of wealth for Third World countries unlike some anti-sweatshop activists, and that the idea of fighting them would create a huge loss on the employment and the future investment in those countries. Other economists around the world support the idea that sweatshops are viewed as a voluntary agreement between workers and employers in
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However, the relationship between them is a controversial topic, which has been debated by economists for decades. From some famous economists such as Paul Samuelson, Milton Freidman etc to some infamous economists, this topic received a lot of attention. However, it is this debate that makes the thinking about it evolve. In this essay, the controversial topic will be discussed by viewing different economists’ opinions on that according to time sequencing. But before started, it is worthy getting a
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Current account deficit narrows sharply September 1, 2008 - 4:58PM A record improvement in Australia's current account balance from surging commodity prices is unlikely to boost economic growth in the June quarter, economists say. The current account deficit (CAD) narrowed by a record $7.068 billion in the June quarter to a seasonally adjusted $12.774 billion, the Australian Bureau of Statistics (ABS) said. The 36 per cent contraction in the CAD was the sharpest quarterly shrinkage since
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Practice 9 Demand Analysis and Forecasting 9 Cost and Production Analysis 10 Inventory Management 10 Advertising 11 Pricing Decision, Policies and Practices 11 Profit Management 11 Capital Management 12 Responsibilities of a Managerial Economist 13 Conclusion 15 Gadgets International: A Case Study Nature of the Case Study 16 About Gadgets International (GI) 16 Market/Industry Structure 17 Firm’s Objectives 19 Using Economic Theory to Attain Gadgets International’s Organizational Goals
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