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Economy of Russia PDF Print E-mail
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Wednesday, 25 May 2011 20:57

RussiaRussia has a market economy with enormous natural resources, particularly oil and natural gas. It has the 10th largest economy in the world by nominal GDP and the 6th largest by purchasing power parity (PPP). Since the turn of the 21st century, higher domestic consumption and greater political stability have bolstered economic growth in Russia. The country ended 2008 with its ninth straight year of growth, averaging 7% annually. Growth was primarily driven by non-traded services and goods for the domestic market, as opposed to oil or mineral extraction and exports.

Last Updated on Tuesday, 31 May 2011 10:05
Economy of Turkey PDF Print E-mail
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Monday, 16 May 2011 21:28

Turkey, BekoTurkey has the world's 15th largest GDP-PPP and 17th largest Nominal GDP. The country is a founding member of the OECD and the G-20 major economies. During the first six decades of the republic, between 1923 and 1983, Turkey has mostly adhered to a quasi-statist approach with strict government planning of the budget and government-imposed limitations over private sector participation, foreign trade, flow of foreign currency, and foreign direct investment. However in 1983 Prime Minister Turgut Özal initiated a series of reforms designed to shift the economy from a statist, insulated system to a more private-sector, market-based model.

Last Updated on Tuesday, 17 May 2011 06:57
Economy of Bangladesh PDF Print E-mail
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Monday, 16 May 2011 20:41

At April 2010, USA - based ratings agency Standard & Poor's (S&P) awarded Bangladesh a BB- for a long term in credit rating which is below India Dhakaand well over Pakistan and Sri Lanka in South Asia. And, despite continuous domestic and international efforts to improve economic and demographic prospects, Bangladesh remains a developing nation. However, Bangladesh gradually decreased its dependency on foreign grant and loan from 85% (In 1988) to 2% (In 2010)  for its annual development budget. Its per capita income in 2010 was US$641 compared to the world average of $8,985. But, if purchasing power parity (PPP) is taken into account, Bangladesh's economy is the 44th largest in the world at US$257 billion according to the IMF.

Last Updated on Tuesday, 17 May 2011 07:09
Economy of India PDF Print E-mail
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Monday, 16 May 2011 21:03

MumbaiAccording to the International Monetary Fund, India's nominal GDP stands at US$1.53 trillion, making it the tenth-largest economy in the world. With purchasing power parity (PPP), India's economy is the fourth largest in the world at US$4.06 trillion. With its average annual GDP growing at 5.8% for the past two decades, India is also one of the fastest growing economies in the world. However, India's per capita income is US$1,000, and the country ranks 138th in nominal GDP per capita and 129th in GDP per capita at PPP among all countries of the world.

Last Updated on Tuesday, 17 May 2011 07:09
Economy of Pakistan PDF Print E-mail
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Monday, 16 May 2011 19:58

Pakistan has a semi-industrialized economy. The growth poles of the Pakistani economy are situated along the Indus River. Diversified economies of IslamabadKarachi and Punjab's urban centres, coexist with lesser developed areas in other parts of the country. Despite being a very poor country in 1947, Pakistan's economic growth rate has been better than the global average during the subsequent four decades, but imprudent policies led to a slowdown in the late 1990s.

Recently, wide-ranging economic reforms have resulted in a stronger economic outlook and accelerated growth especially in the manufacturing and financial services sectors. Since the 1990s, there has been great improvement in the foreign exchange position and rapid growth in hard currency reserves.

Last Updated on Tuesday, 17 May 2011 07:10

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