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Essay Details:
Essay text:
Oil exporting countries
- Singapore’s situation
i. Inflation
ii. Unemployment
iii. Depreciation of currency
iv. GDP decline
5) Appropriate response
- Policies
i. Maintaining fixed exchange rate
ii. Improving fuel efficiency
iii. Campaigns
- Alternatives
6) Appendix
- Newspaper articles
- Other sources
7) Bibliography
1) Aims, Sub aims and Methodology
Aims:
- To investigate the cause of oil price rise.
- To analyze the impact of an oil price rise on the global economy.
- To analyze the direct and indirect impact of the oil price rise specifically on Singapore’s economy.
Sub-Aim:
- To discuss the measures taken by countries to reduce the negative impact of rising oil prices...
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