* The Peruvian government seeks to attract investment -- both foreign and domestic -- in nearly all sectors of the economy. The Peruvian Minister of Economy and Finance announced at a January 2012 international investment fair that Peru seeks $50 billion in foreign investment within the next three years. * In 1991, the Peruvian government began an extensive privatization program, encouraging foreign investors to participate. From 1991 through September 2005, privatization revenues totaled $9
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The Mathematics of Simple Macroeconomic Models There are several advantages in presenting economic models in the form of equations. Equations are very concise; they readily give quantitative answers; and they are the language of most practising economics. Unfortunately, for a large proportion of students beginning the study of macroeconomics, the first sight of equations in the course is a traumatic experience. Old fears about their mathematical ability can make them doubt their capacity to cope
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Country Commerce Japan Released September 2011 The Economist Intelligence Unit 750 Third Avenue New York NY 10017 USA Economist Intelligence Unit The Economist Intelligence Unit is a specialist publisher serving companies establishing and managing operations across national borders. For 60 years it has been a source of information on business developments, economic and political trends, government regulations and corporate practice worldwide. The Economist Intelligence Unit delivers its
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Causes of Globalization While it is truethat state ventures (or adventures) have at times driven the process, e.g. the colonial conquests, the globalization process has largely reflected market forces, specifically, the exploitation by large and smaller businesses in the world of benefits from trade in commodities, goods, services, capital, and even labor, and of opportunities for new investments and markets. The process of global economic integration was perpetrated at the behest of
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ER E N U OP A E CON OMY E o o cP p r 3 1 Mac 2 0 c n mi a es 1 | rh 0 8 E o o c o en n ena e l gde r ae cn mig vra c i n na e uo ra r Ii B g a eg n E R P A C MMISO U OEN O S IN EMU@10 Research In May 2008, it will be ten years since the final decision to move to the third and final stage of Economic and Monetary Union (EMU), and the decision on which countries would be the first to introduce the euro. To mark this anniversary, the Commission is undertaking a strategic review of EMU
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BOFIT Discussion Papers 15 • 2011 John Knight and Wei Wang China's macroeconomic imbalances: Causes and consequences Bank of Finland, BOFIT Institute for Economies in Transition BOFIT Discussion Papers Editor-in-Chief Laura Solanko BOFIT Discussion Papers 15/2011 20.06.2011 John Knight and Wei Wang: China's macroeconomic imbalances: Causes and consequences ISBN 978-952-462-711-5 ISSN 1456-5889 (online) This paper can be downloaded without charge from http://www.bof.fi/bofit
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1. Definition: Fiscal policy in economics is to use the government revenue collection and the expenditure to have an impact on economy. The policy is based on John Maynard Keynes, the British economist, who stated the increase or decrease in the aggregate demand and expenditures will influence the economic system factors. (Sullivan,A.&Steven M,S 2005,p387) The changes in tax and government expenditure are regarded as the major fiscal policy instruments. Government revenue collection (taxes) plays
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International Business: Japan – Culture, Infrastructure, & Foreign Investment Strategy Historically, Japan has remained one of the most culturally separate identities in Asia, carefully guarding its way against foreign incursions. In modern trends though, a significant portion of its population has begun to travel abroad, while the majority of the remainder has largely remained ethnically indigenous. While Japan has gradually started to open itself toward foreign investment in measured
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International Macroeconomics1 Stephanie Schmitt-Groh´2 e April 26, 2013 Mart´ Uribe3 ın 1 The seeds for this manuscript were lecture notes taken by Alberto Ramos in a course on International Finance that Mike Woodford taught at the University of Chicago in the Winter of 1994. 2 Columbia University. E-mail: stephanie.schmittgrohe@columbia.edu. 3 Columbia University. E-mail: martin.uribe@columbia.edu. ii Contents 1 Global Imbalances 1.1 Balance-of-Payments Accounting . . . . . .
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Question 1 (i) Trade balance, GDP and Ratio of the trade balance to GDP in Finland(1980-2006) | Year | Trade Balance | GDP | Ratio of the trade balance to GDP | | Billion (euro) | Billion (euro) | | | (TB) | (Y) | (TB/Y) | 1980 | -0.461 | 33.267 | -0.01 | 1981 | 0.363 | 37.593 | 0.01 | 1982 | 0.049 | 42.258 | 0.00 | 1983 | -0.040 | 47.163 | 0.00 | 1984 | 1.298 | 52.695 | 0.02 | 1985 | 0.479 | 57.345 | 0.01 | 1986 | 0.678 | 61.492 | 0.01 | 1987 | 0
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