Economic growth

demographic expansion produces economic growth. Comparison: 1930s: +7.2% 1940s: +14.5% The 1950s: record in a context when already the US has very high demographic expansion compared to European countries. The expansion of the population also coincides with a rapid shift in urbanization. But more a suburbanization. The American population is living more and more in cities but not in the center of cities. Corporate gigantism and Economic preeminence In the 1950s GM

Economy of France In 2008, France is the 5th world economic power, behind the United States, Japan, China, Germany and in front of UK. In 2009, the value of its Gross domestic product (GDP) is 1 950,1 billions Euros. France is classified in the 38th rank for the GDP per capita at the exchange rate nominal, slightly below the average of the EU, which is 37th. In classification by GDP in PPA, France is the 9th economic power. France is a part of founding countries of the European Union

« Payout Policy », dans G. Constantinides, M. Harris et R. Stulz (eds), Handbook of the Economics of Finance : Corporate Finance, Amsterdam : North-Holland, 2003. Allen J., « Reinventing the Corporation : The Satellite Structure of Thermo Electron », Journal of Applied Corporate Finance, 11 (été 1998), pp. 38-47. Andrade G., Mitchell M. et Stafford E., « New Evidence and Perspectives on Mergers », Journal of Economic Perspectives, 15 (printemps 2001), pp. 103-120. Artus P., « Le taux de change

keeps on rising. In this competition to get long-term energy supplies, major players such as United States, Japan and European Union have found a new challenger: China. Since China’s rapid growth is about 9% per year, it has to find the necessary supplier to its demand in order to sustain its economic growth. Hence, China turned to Africa. First of all, why Africa? Africa, which is composed of the poorest countries in the world, which did not get out of poverty even though with the help

emerging economies in the world, this fast grown is due to a free market economy with abundant natural resources, a large and growing agricultural, mining, manufacturing and service sectors. On the 15 of April 2008 Brazil entered in a new era in its economic history with the announcement of the discovery of huge oil deposits in the Santos Basin. This additional natural resources would be around 33 billion barils18.  In 2010, Petrobras19 announced a forthcoming share issue of about $ 50 billion in exchange

filtres sont utilisés dans différentes applications, telles que la filtration de carburant, d'huile, et l'air. Hence, the growth in automobile industry directly reflects the growth of automotive filters market. Ainsi, la croissance de l'industrie automobile reflète directement la croissance du marché des filtres automobiles. As the world recovers from the recent economic crisis, the growth in the filtration market has become evident. Alors que le monde se remet de la crise économique récente, la croissance

players, stereo equipment ... Actually, this SME is only present on the Japanese market. Face some difficulties, elecdyne wishes to adopt an internationalization of business strategy . However, in a globalized economic context, more and more unstable and complex, it is important to study the economic environment of Elecdyne to identify future challenges and opportunities we will face. In this sense, we will first identify and analyze key trends that will affect the global electronics market in the next

Barro, Robert and Xavier Sala-i-Martin (1995): Economic Growth, New York: McGraw-Hill. • Barro, Robert J, (1991): “Economic Growth in a Cross-section of Countries”, Quarterly Journal of Economics, 106:2, pp.407-43. • Barro, Robert J, (1997): Determinants of Economic Growth: A cross- counties EmpiricalStudy, The MIT Press, Cambridge • Bosworth, B and S. Collins (2003): . The Empirics of Growth: An Update. Brookings Panel on Economic Activity. • Centre Marocain de Conjoncture

TABLE OF CONTENTS Introduction 2 1.0 THE BACKGROUND of the crisis of the 1970S 2 1.1 The symptoms of the crisis 2 1.11 The slowdown of the growth rate 2 1.12 An inflation rate of double digits 3 1.2 The shocks bring complications 3 1.3 Structural factors worsening the situation 3 1.31 Demographic changes 3 1.32 The crisis of traditional industries 3 1.33 New needs and new values 4 2.0 LIMITATION OF THE TRADE UNIONS’ ABILITY TO mobilisE WORKERS in France

attempts to empirically investigate the importance of monetary factors in the dynamics of inflation in Burundi. To this end, we employ a vector error autoregression (VECM) model that incorporates as its endogenous variables: CPI, exchange rate, money growth. The generalized impulse response approach is more advantageous that the widely used orthogonalized impulse response analysis since it is invariant to the ordering of the variables in the VECM, i.e. allows us to construct order invariant forecast