The pioneer study investigating the relationship between energy consumption and economic growth is by Kraft and Kraft (1978). Subsequently, scholars specifically concentrated on the relationship between electricity consumption and economic growth. Despite the fact that there is no agreement on flow of causality between electricity consumption and economic growth among scholars, the debate on causality between electricity consumption and economic growth can be summarized by four distinct hypotheses. The growth hypothesis also known as, electricity consumption-led growth, affirms unidirectional causality running from electricity consumption to economic growth. Hence, a decrease in electricity consumption causes a decrease in real GDP.
Goal and Goal Defense From 2006 to 2008, referring to Exhibit 1, we can see that percentage increase in revenue is in a declining phase i.e. there was 7% increase from 2006 to 2007, and 4.3% from 2007 to 2008. Hence the percentage increase reduced by 2.7 percentage points in consecutive years. But the investment has considerably increased during these years. Since the industry is also hit by recession, I propose that adopting a steady approach to increase the profits would be a better option.
And if there are labors for demand of labor market, it will make the investors to invest in Vietnam. The Economy of Vietnam The economy of Vietnam is the 47th-largest economy in the world measured by nominal gross domestic product (GDP) and 35th-largest in the world measured by purchasing power parity (PPP). The country is a member of APEC, ASEAN and the WTO. Since the mid-1980s, through the Doi Moi reform period, Vietnam has made a shift from a highly centralized planned economy to a mixed economy that uses both directive and indicative planning through five-year plans. Over that period, the economy has experienced rapid growth.
In 1970, minerals and agriculture are the main revenue in Malaysia economy. After 1980, under the president of Malaysia Mahathir implemented National Development Policy the industry has been leading the economic growth of Malaysia. Why Malaysia can changes economics model successful? Due to Malaysia have many nature resource, a steady political situation and location. 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 RGDP 5.3 5.9 6.3 4.6 -1.7 7.2 5.1 5.6 4.7 6.0 2.0 Economics Growth These table and line chart are showing Malaysia
However, these factors are assessed below: The Changing Economy: Today’s economy is fast growing than ever. Economic recession, internationalization process, marketing strategy, advertisement etc. have made the economy more competitive (Lee, 2005). So Huawei is in the need of change its monetary and fiscal policy. Environmental Issues: Environmental factors have impacts on Huawei on its business performance.
Liberalization in India was initiated in 1991 with the main motive of opening up the economy and making it service-oriented. The Government realised that the role of foreign as well as private investments in the economy should be expanded. Some of the measures included the reduction of taxes and import tariffs and the deregulation of markets leading to increased FDI and FII. Liberalization had its pros and cons with the country recording a very high economic growth during the period 1990-2000 on the upside, whereas, on the downside, levels of inequality and poverty also increased. The annual growth rate of India before liberalization was around 3.6% and PCI stayed around 1.2%.
Malaysia is one of the developing country in Asia. The country has been transforming its economic model from agriculture economy based into varied economy based. GDP growth has always been a main focus in current issue studied by many researchers. Inconsistency growth of GDP within a country will lead to higher frequency of poverty as well as delay the progress in health, education, crime and eventually the economic growth. Economic growth is the most powerful instrument for reducing poverty and improving the quality of life in developing countries.
The introduction of nuclear energy on a larger scale could be the answer to the globe’s electricity needs. This could reduce the use of fossil fuels as well as generate a sizeable amount of electricity. This report looks at different methods of generating electricity and takes an in-depth look at nuclear energy, the advantages and disadvantages, as well as the sustainability thereof. 2. Other sources that generate electricity 2.1 Coal • Coal is currently the largest generator of electricity globally, producing approximately 36% of the world’s electricity.
However, the privatization in Malaysia has resulted in both success and failure. The progress of Malaysian economy is highly influenced by three critical factors namely public delivery system, foreign direct investments and financial markets (Mun, 2007). It is believed that the poor public delivery system has caused the slowdowns of the Malaysian’s economy progress. As a result, Prime Minister, Abdullah Badawi, in year 2007, has instructed the public services and government-link companies to increase their efficiency level (Mun, 2007). In addition, foreign direct investments are important as they can contribute both financial and human capitals to the economy in Malaysia.