A Hindu-Buddhist kingdom ruled ancient Kedah possibly as early as A. D, the earliest evidence of strong Indian influence which was once prevalent among the pre-Islamic Kedahan Malays. Ancient India exerted a profound influence over Southeast Asia through trade, religious missions, wars and other forms of contact.
Atlantic Ocean The Atlantic Ocean provides some of the world's most heavily trafficked sea routes, between and within the Eastern and Western Hemispheres.
Other economic activity includes the exploitation of natural resources, e. Australia Australia is an open market with minimal restrictions on imports of goods and services.
The process of opening up has increased productivity, stimulated growth, and made the economy more flexible and dynamic. Australia is a significant exporter of natural resources, energy, and food.
Australia's abundant and diverse natural resources attract high levels of foreign investment and include extensive reserves of coal, iron, copper, gold, natural gas, uranium, and renewable energy sources. For nearly two decades up tillAustralia had benefited from a dramatic surge in its terms of trade.
As export prices increased faster than import prices, the economy experienced continuous growth, low unemployment, contained inflation, very low public debt, and a strong and stable financial system.
Australia entered facing a range of growth constraints, principally driven by the sharp fall in global prices of key export commodities. Demand for resources and energy from Asia and especially China is growing at a slower pace and sharp drops in export prices have impacted growth.
Austria Austria is a well-developed market economy with skilled labor force and high standard of living. Its economy features a large service sector, a sound industrial sector, and a small, but highly developed agricultural sector.
Austrian economic growth strengthen inwith a 2.
Austria's fiscal position compares favorably with other euro-zone countries. The budget deficit stood at a low 0. The Austrian government has announced it plans to balance the fiscal budget in Exposure to the Russian banking sector and a deep energy relationship with Russia present additional risks.
Austria elected a new pro-business government in October that campaigned on promises to reduce bureaucracy, improve public sector efficiency, reduce labor market protections, and provide positive investment incentives.
Azerbaijan Prior to the decline in global oil prices sinceAzerbaijan's high economic growth was attributable to rising energy exports and to some non-export sectors. Oil exports through the Baku-Tbilisi-Ceyhan Pipeline, the Baku-Novorossiysk, and the Baku-Supsa Pipelines remain the main economic driver, but efforts to boost Azerbaijan's gas production are underway.
The expected completion of the geopolitically important Southern Gas Corridor SGC between Azerbaijan and Europe will open up another source of revenue from gas exports.
First gas to Turkey through the SGC is expected in with project completion expected by Declining oil prices caused a 3. The economic decline was accompanied by higher inflation, a weakened banking sector, and two sharp currency devaluations in Azerbaijan has made limited progress with market-based economic reforms.
Pervasive public and private sector corruption and structural economic inefficiencies remain a drag on long-term growth, particularly in non-energy sectors. The government has, however, made efforts to combat corruption, particularly in customs and government services.
Several other obstacles impede Azerbaijan's economic progress, including the need for more foreign investment in the non-energy sector and the continuing conflict with Armenia over the Nagorno-Karabakh region. It is also improving Baku airport and the Caspian Sea port of Alat for use as a regional transportation and logistics hub.
Long-term prospects depend on world oil prices, Azerbaijan's ability to develop export routes for its growing gas production, and its ability to improve the business environment and diversify the economy.
In latethe president approved a strategic roadmap for economic reforms that identified key non-energy segments of the economy for development, such as agriculture, logistics, information technology, and tourism.
In Octoberthe long-awaited Baku-Tbilisi-Kars railway, stretching from the Azerbaijani capital to Kars in north-eastern Turkey, began limited service. Bahamas, The The Bahamas has the second highest per capita GDP in the English-speaking Caribbean with an economy heavily dependent on tourism and financial services.
Large capital projects like the Baha Mar Casino and Hotel are driving growth. Public debt increased in in large part due to hurricane reconstruction and relief financing. The primary fiscal balance was a deficit of 0. Bahrain has few options for covering these deficits, with low foreign assets and fewer oil resources compared to its GCC neighbors.
Other major economic activities are production of aluminum - Bahrain's second biggest export after oil and gas —finance, and construction.
Bahrain continues to seek new natural gas supplies as feedstock to support its expanding petrochemical and aluminum industries.
Sincethe government lifted subsidies on meat, diesel, kerosene, and gasoline and has begun to phase in higher prices for electricity and water.Roseanne Barr on Monday apologized to George Soros for repeating a falsehood popular in some conservative circles that the liberal Hungarian-Jewish billionaire was a Nazi collaborator.
The Challenges in Labour Force of Malaysia; Education and skill attainment. The quality of the labour force will be improved with the increasing share of the labour force with educational attainment at tertiary level to meet the demand of a knowledge-based economy (Ninth Malaysia Plan, ).
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The Malaysian Natural Rubber Industry In the last decade, the world NR industry has undergone very rapid and fundamental changes with the appearance of .
As a follow-up to Tuesday’s post about the majority-minority public schools in Oslo, the following brief account reports the latest statistics on the cultural enrichment of schools in Austria.
Vienna is the most fully enriched location, and seems to be in roughly the same situation as Oslo. Many thanks to Hermes for the translation from initiativeblog.com This labour force has gone through skilled upgrading and enhancement in the past three decades and today, Malaysia can boast of having a pool of relatively skilled and professional labour force that is capable of handling and developing state-of-the-art technologies.