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The term economic migrant refers to someone who has travelled from one region to another region for the purposes of seeking employment and an improvement in quality of life and access to resources. An economic migrant is distinct from someone who is a refugee fleeing persecution.
Like this, the British economic journalist Martin Wolf says that incomes of poor developing countries, with more than half the world's population, grew substantially faster than those of the world's richest countries that remained relatively stable in its growth, leading to reduced international inequality and the incidence of poverty.
Economic dynamics allows for changes in economic variables over time, including in dynamic systems. The problem of finding optimal functions for such changes is studied in variational calculus and in optimal control theory. Before the Second World War, Frank Ramsey and Harold Hotelling used the calculus of variations to that end.
The economic liberalisation in India refers to the series of policy changes aimed at opening up the country's economy to the world, with the objective of making it more market-oriented and consumption-driven. The goal was to expand the role of private and foreign investment, which was seen as a means of achieving economic growth and development.
Global economic interdependence has grown in the post-World War II period as a result of technological progress (e.g. computerization, containerization, low-cost travel, low-cost communications) and associated policies that were aimed at opening national economies internally and externally to global competition. [4] [5] [6]
The English Channel connects the Atlantic Ocean with the Southern part of the North Sea and is one of the busiest shipping areas in the world with ships going in numerous direction: some are passing through in transit from the Southwest to Northeast (or vice versa) and others serving the many ports around the English Channel, including ferries crossing the Channel.
Exports are almost entirely agricultural commodities, with coffee as the largest foreign exchange earner, and its flower industry becoming a new source of revenue: for 2005/2006 (the latest year available) Ethiopia's coffee exports represented 0.9% of the world exports, and oilseeds and flowers each representing 0.5%. [46]
The economy started privatizing again in the 1990s. The economic growth centers in Pakistan are located along the Indus River; [38] [39] these include the diversified economies of Karachi and major urban centers in Punjab (such as Faisalabad, Lahore, Sialkot, Rawalpindi, and Gujranwala), alongside less developed areas in other parts of the ...