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illustrate the policy - beggar my neighbourbeggar my neighbour policies are government policies which attempt to gain a competitive benefit at the
what are the main aspects of globalisation two of the other main aspects of globalisation are greater international mobility of capital and to some
what is trade liberalisation trade liberalisation is the removal of barriers to trade this has mainly taken the form of restrictions created by
explain demand management of keynesian economists the demand management of keynesian economists of 50s and 60s is attacked by free-marketers for
state the macroeconomic policythe view that macroeconomic policy must only focus on supply-side performance of economy and should ignore management
what are the crisis affect the economiesthis crisis would affect the uk in 3 major waysfirst the uk would be unable to sell its exports to these
macroeconomic performance the uks future macroeconomic performance must be judged on how average living standards improve inflation is kept under
explain the economy automatic stabilisera budget deficit is shortfall between a governments tax revenue and its spending in a given year if a
name the largest budget deficit countryin 2009 greece was eurozone country with largest budget deficit about 160 of gdp while finland was the country
state the term fall in the exchange rate a fall in the exchange rate must make uk exports price competitive in international markets and increase
state about the international capital flow an international capital flow is defined as movement of money for the purpose of speculation or investment
explain the pre-emptive monetary policy since 1992 uk monetary policy has been pre-emptive in pre-emptive monetary policy authorities announce that
what is quantitative easing quantitative easing qe is an unorthodox monetary policy which since 2009 has been intermittently pursued by bank of
determine the main target of monetary policy since 1997 official main target of monetary policy has been to hit inflation rate target set by
process to control inflation ratethe belief that control of inflation must be the primary economic objective of government can be traced back to
determine the principle of equitythe principle of equity is that a tax must be fair and the tax is levied on those with the ability to pay taxthe
who was the labour chancellor gordon brownin the period between 1997 and 2006 the labour chancellor gordon brown was committed to self-imposed
major fiscal objective of chancellor george osbornethe major fiscal objective of chancellor george osborne when coming to office in may 2010 was to
list of major emerging-market economies to determine if the uk is to benefit from growth of emerging-market economies in the future it should start
illustrate the problem for uk economic performance this is a foremost problem for uk economic performance and helps elucidate the persistent deficit
what is the meaning of deindustrialisationdeindustrialisation or structural decline of many manufacturing industries along with activities like coal
determine the rate of economic growth in ukwith regard to economic growth a good starting point for evaluation and analysis is the fact that rate of
what is the emerging market economyaccording to investopedia antoine w van agtmael of international finance corporation of the world bank first
illustrate the uk macroeconomic performance uk macroeconomic performance must be judged on economys long-term ability to produce growth create jobs
what is the law of comparative advantagethe law of comparative advantage though suggests that it would be unwise of uk economy to try to replicate