Economics - February 2007

My country is a small island state in the Indian Ocean called Seychelles. "We " are reported by Wikipedia, to be living a lifestyle beyond our means with an escalating budget deficit, and highly indebted to International Banks. But I understand that we have a govt which generously finance many social services to keep it free for the citizens. It is also a tax haven and attractive to direct investments. We are also described as the richest African country based on exchange rate and GDP.

Even if the living standard is higher compared to Africa, the people are frustrated with the macro-economic problems eg; tight govt control over foreign exchange. Even if people afford to go on holiday they cannot exchange the local currency for as much as they would like to spend overseas.
The country thrives on a tourism industry and fishing secondly. FYI, it is former socialist/communism state.
Are there any economics majors to give their oppinion and solutions for this?

2007-02-10 18:35:26 · 5 answers · asked by She-whom-shall-not-be-named 4

Everyday 300 million Indians are starving because they cannot afford a 2nd meal.

2007-02-10 17:22:07 · 5 answers · asked by Anonymous

2007-02-10 15:46:12 · 10 answers · asked by serioussusy 1

It is connected with social studies.

2007-02-10 15:20:44 · 5 answers · asked by grshen80 2

2007-02-10 15:08:25 · 13 answers · asked by Anonymous

It seems to me that middle class in the U.S. is either too poor to afford some comfort and too rich to get some assistance or relief from the government. Not even the cost of living increase is enough now a days, and Increases to the minimum weage??? What happened to the ones in the middle??? Are we the real slaves?

2007-02-10 15:07:45 · 3 answers · asked by Brenda M 1

2007-02-10 14:23:45 · 1 answers · asked by ? 2

Can anyone please explain me how does the Competitive advantage theory, proposed by Ricardo, work??

Thank you!!!!

2007-02-10 14:21:56 · 3 answers · asked by Laura M 1

i attend vanderbilt universitiy. i am in the school of peabody my track focuses on leadership and organizational effectiveness. i would like to go to grad school(maybe not a really tough one) to further my education in economics

2007-02-10 12:40:04 · 4 answers · asked by mikerob08 1

A SOCIO ECONOMIC SCHEME MOST SUITABLE TO INDIAN CONDITION,GIVEN ITS EXPLOITATIVE AND NON -PHILANTHROPIC AND CASTRIDDEN ENVIRONMENT.
CONSIDER THE HUGE ILLETTERATE,POOR,PHYSICALLY WEAK PEOPLE WITH NO PROVISION OF NORMAL LIFE-SUPPORT SYSTEM.ALSO CONSIDER THE PATHETIC CONDITION OF TOTAL ABSENCE OF ANY INFRASTRUCTURE / AMENITIES AND THE GOVT. APATHY..

2007-02-10 10:34:54 · 1 answers · asked by AMIT B 1

is it the same thing as GDP

2007-02-10 08:43:59 · 20 answers · asked by amandeep k 2

I beleive that both countries have market economic systems just looking for some back up. I know it's not traditional and not command so there both either Mixed or market. Market is when decisions are made based on what would be best for the economy , business and industry. And mixed is where decisions are made by both government and the influence of industry.

2007-02-10 08:19:35 · 1 answers · asked by devg55 2

If there is a free market for the skills of new nurses, what can you predict is likely to happen to the wage rate earned by individuals who have just completed their nursing training?

2007-02-10 08:04:53 · 5 answers · asked by sweetie34 1

Why have a group of European countries adopted a single currency?

2007-02-10 07:43:52 · 4 answers · asked by Economic Biotch===> 2

The task of economic policy is to create a prosperous America. The unfinished task of prosperous Americans is to build a Great Society. Our accomplishments have been many; these tasks remain unfinished:> to achieve full employment without inflation; > to restore external equilibrium and defend the dollar; > to enhance the efficiency and flexibility of our private and public economies; > to widen the benefits of prosperity; > to improve the quality of American life -Lyndon B. Johnson Former President Lyndon felt that the most important first step in the war against poverty is

a) full employment

b)a sound dollar

c) private and public economics

d)our natural defense

e)efficiency in government

2007-02-10 07:27:39 · 2 answers · asked by Anonymous

Suppose the government decides to increase taxes by $20B in order to increase Social Security benefits by the same amount. How will this combined tax-transfer policy affect aggregate demand at current prices?

2007-02-10 06:25:23 · 1 answers · asked by icu214meclassy1 1

I'm a broke college student, how can I make some quick money so I can eat?

2007-02-10 04:32:02 · 10 answers · asked by Anonymous

2007-02-10 04:22:18 · 4 answers · asked by Yah 1

2007-02-10 03:26:27 · 10 answers · asked by devesh 1

2007-02-10 02:35:36 · 6 answers · asked by Anonymous

2007-02-10 02:29:53 · 2 answers · asked by crissie15 1

i have to prove how globalization is benefiting the poor...a couple of pointers and examples should be good enough.

2007-02-10 02:02:56 · 4 answers · asked by Anonymous

we can collect small amount of money from our society members and give them to the needy people. we should stick posters everywhere saying that all the poor join our membership and get at least two meals per day.

2007-02-10 01:23:50 · 12 answers · asked by divyendra s 1

I have always been curious about this. We have a large national debt and I just want to know where the money comes from.

2007-02-09 19:52:05 · 4 answers · asked by Matthias G 1

Especially with reference to developing countries ?

2007-02-09 16:56:12 · 3 answers · asked by Anonymous

I know that it tracks bonds and etc.. and that it can be traded like an regular share, but what is it in relation to the dollar index or the yen. And what is the difference between the Japanese Ishare, and USA Ishare.

2007-02-09 15:30:49 · 2 answers · asked by Anonymous

2007-02-09 15:08:37 · 14 answers · asked by GAW2 1

2007-02-09 14:48:55 · 10 answers · asked by Anonymous

I just want your explanation about this.!!!!
specify your explanation if ever...

2007-02-09 13:36:14 · 6 answers · asked by JunryL 1

2007-02-09 12:07:24 · 1 answers · asked by Anonymous