Macro Economics

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Macroeconomics Individual project
Laissez- Faire Economy: French word which leave to do or let go. This is an economy that relies mainly on market forces to allocate goods and resources and to determine prices. The economic system is free from government intervention such as taxes, tariffs and monopolies. The individual is free to do what they want. Laissez-faire assumed that the individual who pursues his own desires contributes most successfully to society as a whole. An example of Laissez- Faire economy is China, Europe and United States.
News paper article: Economic gloom begins to lift in Egypt (Arab News)
This news paper article describes the Egyptians economy during and after the ouster of President Hosni Mubarak, and how the economy is improving during this coming year 2012. The Egyptians faced a lot of problems due to the chaos that was going on. Investments stopped for a long time, the official unemployment rate raised to 12.4 percent in mid 2011from 8.9 percent a year ago, poverty became worse, and a drop in tourism by 18 percent. Now the Egyptian economy is starting to recover. It is going to sign a $3.2 billion loan agreement with the International Monetary Fund this month. Telecom Egypt, which has a monopoly on telephone landlines, says it plans capital expenditure of between 1 billion and 1.2 billion Egyptian pounds this year.Moreover, by the end of June Egypt is expected to have a president that is able to make decisions on economic policy. Finally economists predicted that the recovery should be fast and the GDP will grow to 2.7 this current year and 3.7 the year…...

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...Performance 23, 201-250. Janssen, O. (2000). Job demands, perceptions of effort-reward fairness and innovative behaviour. Journal of Occupational and organizational Psychology, 73, 287-302. Lewin, K., Cartwright, D. (1951). Field theory in social science: Selected theoretical papers. Harper & Row. Meyer, J.P., Allen, N.J., Smith, C.A. (1993). Commitment to Organizations and Occupations: Extension and Test of a Three-Component Conceptualization. Journal of Applied Psychology, 78 (4), 538-551. Miles, R.E., and C.C. Snow (1978). Organizational strategy, structure, and process. New York, McGraw-Hill. Milgrom, P., Roberts J. (1995). Complementarities and fit strategy, structure, and organizational change in manufacturing. Department of Economics, Stanford University, Published by Elsevier. Mintzberg, H. (1990). The design school: reconsidering the basic premises of strategic Management. Strategic Management Journal, 11 (3), 175-195. Paauwe, J. (2004). Hrm And Performance Achieving Long Term Viability. Oxford University Press. Porter, M. E. (1996). What is strategy? Harvard Business Review, 74, 61-79. Porter, M.E. (1980). Competitive strategy, Emerald Insight, New York. Rozell , E.J., Pettijohn, Parker, S.P. (2004). Customer-oriented selling: exploring the roles of emotional intelligence and organizational commitment. Psychology & marketing, 21(6), 405-424. Saxe, R., Weitz, B. (1982). The SOCO scale: A measure of the customer orientation of......

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