Dubai's economic strategy is based on a policy to decrease dependence on oil as the major source of income. This is reflected in the increasing development of the trade sector, agricultural reform,
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Define price elasticity of demand, and explain the main influences which make the demand for some goods elastic and the demand for others inelastic. B. How relevant do you consider price elasticity and income elasticity of demand to be to the followi
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Latin America has on the whole experienced a sustained rise in attracting Foreign Direct Investment since 1990.
Latin America has on the whole experienced a sustained rise in attracting Foreign Direct Investment since 1990, but whilst not all the nations in this area have been able to attract and reap the benefits of foreign companies willing to invest heavily in the region there have been some, perhaps surprising, success stories. One of the strongest economies in this financially erratic region is that of Chile. Widely recognized for its success in pursuing economic policies that have been on the whole beneficial, Chile has experienced impressive growth rates in both its Gross Domestic Product and its Foreign Direct Investment (FDI) over the past thirty years. The era of military rule from 1973 to 1990 saw the Government follow a route of privatisation of its assets and the democratic Governments since 1990 have continued to pursue this policy and Chile has, for a long time, been widely regarded as being supportive and welcoming to Foreign Direct Investment and its economy today is highly dependant on the billions of dollars they have attracted over the years. Between 1973 and 2002 FDI amounted to 61.8 billion U.S. $ with 53 billion of this coming in after 1990 and the money attracted now accounts for 8% of Chile's GDP1 and the governments realisation of this is reflected by national law that is attractive to the foreign investors who's companies can engage in a contract with the
the electronic business system of Amazon.com, Inc
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Is Chiang Mai a suitable Foreign Direct Investment Destination?
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Explain the strengths and weaknesses of the theory of comparative advantage as a justification for free trade. To what extent have the critics of free trade managed to establish the case credible alternatives trade policies?
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Compare the positions of the New Classicals and New Keynesians regarding: (a) market competition; (b) flexibility of prices and wages and (c) speed of price and wage adjustments.
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Deşi recent s-au nregistrat progrese incontestabile, Romnia rămne ncă ţara cu cel mai nalt nivel al inflaţiei dintre ţările n tranziţie.
CAUZELE INFLATIEI ÎN ROMÂNIA SI IMPLICATIILE ACESTEIA Desi recent s-au înregistrat progrese incontestabile, România ramâne înca tara cu cel mai înalt nivel al inflatiei dintre tarile în tranzitie. Combaterea acestui dezechilibru macroeconomic major pe parcursul ultimilor 16 ani s-a dovedit a fi un tratament costisitor si dureros pentru toate categoriile economico-sociale, care au platit pretul erodarii continue a puterii de cumparare a leului si au trebuit sa faca fata scaderii nivelului de trai si incertitudinii. Una din cauzele principale ale inflatiei din prima parte a anilor '90 a fost aceea ca economia româneasca acumulase o serie de dezechilibre majore în momentul prabusirii regimului totalitar, iar PIB/locuitor (p.p.c.) era unul dintre cele mai scazute din Europa. Saracia si lipsa de competitivitate erau însa "cosmetizate" prin acumularea de însemne monetare fara acoperire în bunuri si servicii, iar inflatia era înabusita printr-un control rigid al preturilor, moneda nationala lasând aparenta unei stabilitati si a unei valori departe de realitate.1 În aceste conditii, liberalizarea preturilor, chiar treptata si cu numeroase ezitari si întârzieri, a fost o decizie fireasca. Incidenta inflatiei corective era inevitabila. Reforma economica întârziata însa a determinat o continua scadere a puterii de cumparare a
The Political Economy of EU Enlargement.
The Political Economy of EU Enlargement Introduction Enlargement generally is motivated by political factors and the current enlargement is no exception. Enlargement has economic effects and these can be important but are not decisive. The enlargement to the Central and Eastern European Countries (CEECs) has two principal motivations in the EU 15: . The desire to end the artificial division of Europe that existed in the Cold War, combined with a sense of historic obligation related to West's acquiescence in that division. 2. Security: to expand the area where democracy, the rule of law and prosperity holds sway. Countries on the Baltic and bordering the CEECs see particular advantages in enlargement: security and a reduction in their peripherality. Economic advantages are likely to be greatest for these countries. The UK is very supportive of enlargement not least because of its involvement in the division of Europe. France, Spain and Portugal are lukewarm over enlargement, their security is less directly involved and the economic benefits more marginal. These counties' budgetary position is likely to deteriorate as a result of enlargement. The process of enlargement Put at its most basic the new members must accept the rules of the club. So enlargement does not really involve negotiation, the existing Member States must modify the institutions and policies of the EU so
