Oct 6

Failed Economic Policies

Posted in Economics

Robert Samuelson had an fascinating report in the latest problem of Newsweek magazine, “Why Japan Fell And What It teaches Us.” Mr. Samuelson evaluations how Japan received into its latest and lengthy running economic slump, highlights of which include the adhering to:

- Japan’s economic problems commenced following numerous financial bubbles arose in the late eighties which includes a tripling of their stock market’s worth from 1985 to 1989 and the tripling of its actual estate values by 1991. Even so, by the finish of 1992, the stock market had lost 57% of its peak appeal and land rates fell so lower that they are nonetheless at early 1980s stage. Financial institutions weakened as the bubbles burst and they did not have plenty of collateral, with some banking institutions likely bankrupt.

- Economic development stalled and grew only about 1% a yr for the total decade of the 1990s. This was a fraction of the annual four% regular expansion in the 1980s in Japan.

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Sep 24

Economic Growth Issues

Posted in Economics

Economic Growth is a country’s productive capacity and can be defined as an increase in the volume of goods and services that an economy can produce over a period of time.

Aggregate Demand and Supply :

John Maynard Keynes Theory:

? Aggregate demand (spending), according to Keynes theory, is the most important influence on economic growth.

? Level of consumer spending is vital because if consumers are too pessimistic their spending will decrease, businesses will decrease their investments, which leads to higher unemployment and eventually a recession will occur.

? The Government should use the Budget to counter economic trends towards recession and inflation. E.g. running a budget deficit to stimulate spending.

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Sep 22

Aggregate Economic Issues And Growth

Posted in Economics

Economic Growth is a country’s productive capacity and can be defined as an increase in the volume of goods and services that an economy can produce over a period of time.

Aggregate Demand and Supply :

John Maynard Keynes Theory:

? Aggregate demand (spending), according to Keynes theory, is the most important influence on economic growth.

? Level of consumer spending is vital because if consumers are too pessimistic their spending will decrease, businesses will decrease their investments, which leads to higher unemployment and eventually a recession will occur.

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Aug 27

A Boon For Indian Economy

Posted in Economics

It is a trade capacity development tool, with a goal to promote rapid economic growth by using tax and business incentives to attract foreign investment and technology. By offering privileged terms, Special Economic Zones attract investment and foreign exchange, spur employment and boost the development of improved technologies and infrastructure.

In India, Special Economic Zones are being established in an attempt to deal with infrastructural deficiencies, procedural complexities, bureaucratic hassles and barriers raised by monetary, trade, fiscal, taxation, tariff and labour policies. Since country-wide development of the infrastructure is expensive and implementation of structural reforms would require time, ( Special Economic Zones/Export Processing Zones) are being established as industrial enclaves for expediting the process of industrialization.

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Aug 26

Separate The Economic Torts

Posted in Economics

They include the torts of simple conspiracy, unlawful conspiracy, inducing breach of contract, intimidation, unlawful interference with trade, deceit, and malicious falsehood. All of these are torts of intention. They also include passing off, one of the most useful of the economic torts, which though in practice normally involving deliberate harm, is in fact a tort of strict liability. Finally, the economic torts also include the tort of negligence, though applied in a narrow way.

It is usual to separate the economic torts into two categories: the general torts and the misrepresentation torts. The general economic torts comprise conspiracy, inducing breach of contract, intimidation, and unlawful interference with trade. The misrepresentation economic torts are deceit, malicious falsehood, and passing off. However, it is a mistake to make such a rigid division when attempting a proper analysis. Such a division fails to highlight the interconnections between the two categories on the one hand and the dissimilarities between individual torts within each category on the other.

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