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Benefits of Regional Integration
Most economic experts cite that regional integration permits disadvantaged countries to realize economies of scale, vie on a broader (often global) platform and enhance overall economic efficiency. Alassane D. Ouattara the Deputy Managing Director of the International Monetary Fund declares that regional integration 'enables participating countries to pool their resources and avail themselves of regional institutional and human resources, in order to achieve a level of technical and administrative competence that would not be likely on an individual basis'.
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor:(a) an increase in immigration (b) more women en
Real Exchange Rates (EXCH) is the next variable that will be analysed in this VAR. The reason for including exchange rates in the VAR is that they are an important channel through
How to prepare a a project on a new product in africa.
The following is the information from the national income accounts for a hypothetical country: GNP Rs. 5000.00
ORDINAL THEORY: INDIFFERENCE CURVE APPROACH In indifference curve approach consumer is assumed to be rational, so that consumer's objective is to maximise her utility by choos
Give an example of how the Principle of Opportunity Cost applies to your life. Think of a recent decision you made. It could be a decision as simple as whether to eat out or cook y
Explain the notion of the hidden momentum of population growth. Why is this an important concept for projecting future population trends in different developing nations?
Researchers have put forth various theories to explain the observed widening of the income distribution in the United States over the past four decades. First, there has been a sh
What is The law of comparative advantage The law of comparative advantage, though, suggests that it would be unwise of UK economy to try to replicate German model. First German
Frovea's currency is called the fromark, and Olympia's currency is called the olymark. In the market in which fromarks and olymarks are traded for each other, the supply of and dem
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