The Indian growth story has been chartering exponential graphs since quite some time and there is little doubt that the potential for further growth is only getting bigger with each passing day. The demographic dividend is a significant factor behind the optimism prevailing in the economy as policy makers realize the significant competitive advantage on account of the same. Channelizing this demographic dividend might well be the biggest challenge confronting our ambitious plans to take on th...
Venezuela is a country located in north South America and is one of the largest producers of oil and natural gas in the world. It mainly produces petroleum oil, which is a key of Venezuelan economy. According to National Statistical Coordination Board, it takes to almost 28% GDP in 2009, 82% of exports, and over 50% of government revenue (Nation Statistical Coordination Board, 2010). Exports of petroleum make Venezuela mostly trade surplus. Along with petroleum, Venezuela has other natural re...
The European Union and Germany The European Union (EU) is economy-dedicated organization of the European countries. Its aim is to promote a strengthening coordination between the member-countries. The main headquarters is located in Brussels, Belgium. There were 27 member-countries, as of 2007. The dream of Europe to be a united one is one of the major factors in the creation of the European Union. Even in the 9th century, leaders are attempting to do this. The empire of Charlemagne covered t...
In the case of Indonesia, the crisis is not just an economic issue. Even though the IMF reform package has been cut almost all monopolies and opening the Indonesian market for foreign investors significantly, the market sentiment is not going into the right direction. It is an eruption of accumulated hazards associated with an opportunistic, unclean government and rent-seeking behavior from the elite private sector. Markets are still waiting for the implementation of the IMF reform package. M...
In 1848 Karl Marx and Friedrich Engels frankly proposed "a heavy progressive or graduated income tax" as one of the measures by which, after the first stage of the revolution, "the proletariat will use its political supremacy to wrest, by degrees, all capital from the bourgeois, to centralize all instruments of production in the hands of the state. Abstract- The idea of progressive income tax is widely accepted in economic societies. The aim of this paper is to demonstrate that despite commo...
Introduction Student Social Work Researcher has chosen livelihood impact assessment of Bundelkhand Relief Package which was given to Bundelkhand after several years of consecutive drought in the region. Bundelkhand. Bundelkhand is unique geographical region which falls in between of Madhya Pradesh and Uttar Pradesh. The seven districts of Uttar Pradesh and sex districts of Madhya Pradesh forms Bundelkhand. Bundelkhand has population around 15.5 million. Historically Bundelkhand region is know...
Cigarettes are consumed all over the world and are considered to be the most sophisticated form of tobacco consumption. In most parts of the world, they constitute an overwhelming proportion of about 80 to 90 per cent of the total tobacco consumption. In India, however, they account for barely a sixth of total tobacco consumption. It is not that smoking is not popular in India. Indeed, the proportion of tobacco smoked is constantly rising and currently stands at 71 per cent of the tobacco con...
Competition law is a fundamental part of the ground rules of the market economy and economic based development of competition law has become essential. The question John Vickers (2009) asks is 'When, if ever, should competition law require a firm with market power to share its property with its rivals?' Though rights such as copyrights and patents give the holder an exclusive right to sell or license, it is important that they do not abuse their power if in a position of dominance in the mark...
In the empirical analysis time series data was used, with monthly frequency from January 1995 to December 2009. This time range was chosen because of the availability of the necessary data as well as the fact that there is no such research on this subject during this particular period. All data have been obtained from the databases of the International Monetary Fund's International Financial Statistics, the Organisation for Economic Co-operation and Development (OECD), the Vienna Institute fo...
TONGZON (2002) examines port choice determinant in a competitive environment Based on the related literature survey, amongst shippers located at Malaysia, Singapore and Thailand. In his examination the following factors, port infrastructure, frequency of ship visits, efficiency, location, port charges, response to port user's needs, and port's reputation for cargo damage are presumed to have a considerable impact on the choice of ports. The author conducted a survey among freight forwarders i...
