large territories – Russia’s 17 million sq.km‚ India’s 3.2 million sq.km‚ China’s 9.3 million sq.km and Brazil’s 8.5 million sq.km–‚ the BRICS differ from each other in terms of natural resources‚ level of industrialization and impact on the global economy. China‚ which is the most continuous civilization in history – not strictly in terms of political linearity but rather in terms of cultural continuity. The country has a tragic contemporary history‚ marked by economic decadence‚ political instability
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Principle of economies- Bus 240 INDIA Vs CHINA India and China are the two giant economies and they are the major players in the world economy. Both the economies are growing tremendously at a skyrocketing pace and these economies have their own specialty. We cannot just judge which economy is better by just comparing one or two factors because they have their own style of working and uniqueness . Here we will discuss about some of the
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How government political system and economy influence each other? There are many countries in a world‚ and each country has its specific government system‚ also different government systems leads to diverse economic results. Otherwise‚ the economic output shapes the certain government system as well. As a consequence‚ government system interacts with economic results‚ and vise versa. Such as the relationship between centrally controlled political system or decentralized political system and economic
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Author: Li Zhibiao Date: 2003-5-13 ________________________________________ In the contemporary economic development theories prevailing all over the world and in the policy practices pursued by every country‚ sustainable development of social economy is becoming a focus. What is sustainable development ? The United Nations defines it as " to satisfy the needs of this generation‚without doing any detriment to the ability of the coming generations in satisfying their needs. " According to the UN""definition
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“Battle of Ideas” The Battle of Ideas starts in 1914 showing a world with a global economy that is then torn apart by World War I. This created the economic development‚ world trade‚ and globalization all the way up to the 1980’s. The documentary explains how the world first moved toward more government control and then began to move away for most of the 20th century. During this time two young economists emerge in hope to solve the world’s economic troubles‚ John Meynard Keynes and Friederich
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because the cities’ respective governments believe that by doing so they will increase their chance to host these events. Their rationale is that hosting major events will boost the local economy more than enough to compensate for the money already invested by the city and will also stimulate growth in the local economy. The reality is that despite increasing tourism and providing publicity‚ the increase in economic activity attributed to hosting major sports events is only a fraction of the increase
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IMPACT OF LOAD SHEDDING ON PAKISTAN ECONOMY Contents: 1. INTRODUCTION. 2. BACKGROUND OF THE STUDY. 3. OBJECTIVES OF THE STUDY. 4. ACTUAL DISCUSSION/ANALYSIS. 5. CONCLUSIONS. 6. RECOMMANDATION AND SUGGESTIONS. 7. SCOPE OF THE STUDY. 1. INTRODUCTION: In today’s contemporary world‚ there are certain threats that have become the most significant issues for the world economy to deal with. These include an ever increasing population‚ intensifying regional
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numbers of macroeconomic measures we will be able to understand how the countries are growing economically and how the macro economical growth rate is effecting actual countries social standards. THE DIFFERENCE BETWEEN A DEVELOPED AND DEVELOPING ECONOMIES The meaning of Developing countries are third world countries or a country that is still trying to create an advance macro economical standards and trying to improve more advanced civilization. In other explanation we can also say Countries
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is marked by a transition from a manufacturing-based economy to a service-based economy‚ a transition that is also connected with subsequent societal restructuring. Post industrialization is the next evolutionary step from an industrialized society and is most evident in countries and regions that were among the first to experience the Industrial Revolution‚ such as the United States‚ Western Europe‚ and Japan. Moving to a service-based economy means that manufacturing must occur elsewhere and is
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Initially the Indian policy makers were quite apprehensive about the flow of foreign capital into the economy. This can be attributed to the colonial past which saw large investments being made by their colonial rulers in the form of major infrastructure instruments like railways but only to make huge gains for themselves and sucking the host country of its resources. But currently the global economy has been witnessing an incessant form of economic growth characterized by the flow of capital from the
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