1. Option A
Adoption of Deflationary policies aiming at reducing the growth of aggregate demand and reducing inflation helped in improving current account deficit. These include tightening of fiscal policy or monetary policy; this will reduce aggregate demand. Higher interest rates will increase the cost of debt and mortgage repayments and leave people with less money to spend. Therefore, this will reduce their consumption of imports, improving the current account.
Capital outflow is the movement of assets out of a country. In crisis The flight of assets occurs when foreign and domestic investors sell off their holdings in a particular country because of perceived weakness in the nation's economy and the belief that better opportunities exist abroad. This is considered undesirable and results in economic instability.
The Gini coefficient ranges from 0 (perfect equality) to 1 (perfect inequality), which would be the case when one person receives all income. Gini coefficient measures the extent to which the distribution of income within an economy deviates from a perfectly equal distribution.
According to Mazur (2000), globalization has dramatically increased inequality between and within Nations for the last few decades. Globalization has shifted low-skilled jobs from wealthier countries to poorer countries, economic integration has increased inequality within countries.Globalization creates greater opportunities for firms in less industrialized countries to tap into more and larger markets around the world. Thus, businesses located in developing countries have more access to capital flows, technology, human capital, cheaper imports, and larger export markets.
5 Option D ( all of above)
ILO's 1998 Declaration of Fundamental Principles and Rights at Work include core labor standards and cash standards.Cash Standards include the stipulate outcomes that directly affect labor costs like minimum wages, working time limits, health and safety.
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