The Primorsky Krai is a strategically important subject of the Russian Federation, which is directly adjoining Northeast Asian countries, and might become new social and economic development center in the Pacific Rim in the foreseeable future. The regional GRP rate has a constant growth and takes one of the leading positions in the Far Eastern Federal District of Russia. The dynamics of the GRP point to the positive development for the last 5 years, with the slowdown of the economy in 2012…
Why is the USD weakening simultaneously with the economic skyrocketing? The artificial disappointment with soaring inflation helps US producers to export their goods cheaper The Big Mac Index indicates the inconvenience which causes the high US Dollar Let's imagine a currency which has a great economy behind it, the economy is doing well, the unemployment rate is at the 16-year low level, the local stock market is soaring to record highs and the central bank has hiked the interest rates thrice…
• New Opportunities from the Integration of Production and Distribution: The expansion of the railroad network linked the far-flung regions of the United States into a national market, making it possible for firms in industries characterized by economies of scale to lower their unit costs by concentrating production in large facilities. In such industries the average size of the production unit rose over time and the number of firms declined. At the same time, the level of geographic…
Monetary policy is the process of managing money supply by Monetary Policy Committee to achieve the stability and economic growth such as inflation, maintaining stable exchange rates, achieving full employment and economic growth (bankofengland, 2014). Monetary policy involves changing certain types of interest rates, which may directly or indirectly through open market operations; specified…
Consensus’ was coined by John Williamson in reference to a set of policy tools that Washington based institutions, in particular, the IMF, World Bank and the US Treasury could agree upon as the appropriate policy solutions to the Latin American debt crisis. In sum, these policy tools prescribed economic stabilisation, liberalisation and privatisation for developing countries as the keys to development, (Rodrik, 2001). Those policies were deemed necessary to achieve growth, low inflation, a…
INFORMATION TECHNOLOGY IN ZIGAMA CSS 20. ZIGAMA Credit and Savings Society (ZIGAMA CSS) is a financial cooperative with a membership exclusively made of security organs of the state (army and police). ZIGAMA CSS Bank was made in order to improve the livelihood of security members. Having been founded in August 1997 (officially inaugurated in March 1999), it was operating from its headquarter in Kigali but as it earned profits, it has expanded its network and opened some branches across the…
Barilla is a pasta manufacturing company that enjoyed double-digit growth rates of up to 21% in the 1980s decade but, was faced with economic problems at the onset of the 1990s decade (Hammond, 1994). The root of Barilla's problems is the increased frequency of demand fluctuations and a rigid distribution system. As a result, the heads of the logistics department proposed a change in the distribution process to the "Just-In-Time-Distribution" (JITD). However, the changes in the distribution…
neoliberal attitudes. To quote David McKnight “In effect, Kevin Rudd sees the financial crisis as the Berlin Wall of the free-market, marking the end of an era”. (McKinight, 2009) “The current crisis is the culmination of a 30-year domination of economic policy by a free-market ideology that has been variously called neo-liberalism, economic liberalism, economic fundamentalism, Thatcherism or the Washington consensus.” (Rudd, 2009) ‘A modified form of liberalism tending to favour free-market…
However more proposals for policy adjustments within the government started flowing in coming years. 3 This is the base of what “Cool Japan” fund was built upon. A new policy to support the “content industry”. The proposal for “Cool Japan” initiative first came to light in 2011 to Ministry of Economy,Trade and Industry , but was established to take action…
WHAT IS ECONOMIC GROWTH From two perspective we can interpret economic growth of an economies (Mankiw & N. G. R. E. G. O. R. Y, 2014). 1. The most popular way to define economic growth as the total increase of output which an economy produce over a given period of time , but time constraints at least two year . 2. Secondly we can define economic growth as increase in what a nation can produce if it is using all the scarce resources it has. Economic growth can be shown by an outward shift in…