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    The country is one of the most successful countries to adopt open market reforms and improve their economic performance up until the time of the recession that the country faced most recently due to the global economic crisis. Due to the high import export orientation of the country and the fact that the economy was heavily dependent upon the greater European economy, the impact of the recession was felt greatly on the economy of Lithuania. However, the inherent factors and the gradual recovery…

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    that the value of its exports rose from $284 million to $529 million, an estimate 20% of annual growth. Lebanese agro-food is trusted by many European, American, Arab and African countries which reveals that it's a productive sector contributing 15 % of Lebanon's GDP employing almost half the workforce (25%). Key Exported agro-food products include processed foods, confectionary and chocolate, grains, cereals, olive oil, and wine. Nuts, TAHINA production and coffee sectors export about 50% of…

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    2.0 LITERATURE REVIEW 2.1 FDI inflows with Economic Growth In the early 1960s, scholars have noted the impact of foreign direct investment (MacDougall, 1960) for the general welfare , early contribution to the study of the spillover effect of foreign direct investment( spillover effects of FDI refers to the positive externalities of foreign direct investment in addition to a direct role than generated .) , including foreign direct investment also tariff policy as well as the host country the…

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    India 1991 Case Study

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    competence. The public sector lost its position of pride in the growth of Indian economy and exports by private sector industries came to define the growth of new age India. The result of all this was that the Indian economy grew to 7.5% of GDP (from USD 130 million in 1992, to USD 5 billion, in 1996). Since 1991, India 's GDP has quadrupled, its forex reserves have surged from $5.8 billion to $279 billion, and exports from $18 billion to $178 billion which is a proof that the policy was a…

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    Colonial Nigeria refers to the area of West Africa which became modern day Nigeria during the time of British rule in the 19th and 20th centuries. British influence began with proscription of the slave trade to British subjects in 1807. British influence in the region increased gradually over the 19th century, however, Britain did not formally garner occupation until 1885 (Acemoglu et al 2001, 1375). As British presence ballooned during this time and with Nigeria officially transitioning into a…

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    The Golden Age

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    For countries that primarily relied on specialization and exports, their economies flourished as the gold standard and heavy emphasis on international trade simplified the exchange process and connected them with new markets. “Fortunes were made by people developing a primary production and shipping it to Europe or North America” (Frieden 73). Through the principles of free trade and the golden age, specialized exports like Cuban sugar and Chilean copper boosted their respective domestic…

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    Introduction Tariff is the taxes and duties that imposed on the imports and exports of a country in international trade. These are the general law for the protection of domestic manufacturer. Tariffs imposed on the imports and exports increase the cost of the foreign trade which acts as a competitive advantage for the local business. A tax structure is a set of rules and conditions that determine the monetary bills on the goods and services. Advantages of Tariffs There are several benefits of…

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    Bessemer Essay

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     Technologic: Bessemer process (Machines produced) The Bessemer process was patented by Sir Henry Bessemer in 1855. This patent was for the decarbonization process, utilizing a blast of air. (About.com, 2015) This process was the first cheap industrial mass production procedure for making steel from pig iron and is used to remove the impurities from the iron by oxidation. The process was made in a Bessemer converter which was a large ovoid steel container lined with clay…

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    Importance Of MENA

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    In the aspect of food export, Jordan, Lebanon and Syria are the only three countries that export food more than 20% of its total exports. The Middle East is considered one of the most risky region for food security, and it is a great opportunity for Thai entrepreneurs to expand their businesses into this region. By considering…

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    meaningful market access through significant tariff reductions, requires TPP countries to eliminate all agricultural export subsidies, discourages countries from imposing export restrictions, and many more. The White House claims that protect a free and open internet, protect consumers from fraud and deception, require comprehensive anti-corruption and transparency measures, and help simplify export rules for small businesses. On the other hand, some downfalls of the agreement are that the pact…

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