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By 1991, India still had a fixed exchange rate system, where the rupee was pegged to the value of a basket of currencies of major trading partners. Although a fixed exchange rate system helped India to achieve currency stability, it also necessitated that the Indian Government utilize its foreign exchange reserves in the event of currency ...
Following German reunification in 1990, the LPG was no longer a legal form of business and regulations were introduced governing their dissolution and the restructuring of enterprises into other legal forms. Some former LPG members, typically those with a strong family background in independent farming, reclaimed their land and started again as ...
[1] [2] After this period, India moved towards a more market-based economy, though, India is officially declared a socialist state as per the constitution. [ 3 ] [ 4 ] History
The Licence Raj or Permit Raj (rāj, meaning "rule" in Hindi) [1] is a pejorative for the system of strict government control and regulation of the Indian economy that was in place from the 1950s to the early 1990s.
4 July 1991: Colombian Constitution of 1991 established as a presidential republic. 20 July 1810: Colombia declares independence from Spain. 4 July 1991: The Sovereign territory was organized under the National Constituent Assembly. 17 December 1819: Colombia merged with Venezuela, Panama, and Ecuador. 19 November 1831
Similarly, in the Philippines, the contentious proposals for Charter Change include amending the economically restrictive provisions of their 1987 constitution. [ 5 ] By this measure, an opposite of a liberalized economy are economies such as North Korea's economy with their "self-sufficient" economic system that is closed to foreign trade and ...
In May 1991, the PDRE (1987-1991) was overthrown by forces consisting of the TPLF and the TPLF-controlled EPRDF with the promise that a recognition of human rights, democracy, the liberalization of the economic sector, and political rehabilitation were soon to follow. [9]
6. The constitution will be adopted by a two-thirds majority of the members of the constituent assembly. The term "liberal democracy," as expressed in the fourth principle, was introduced to the discourse over the constitution apparently by Prince Sihanouk during previous negotiations with the warring Cambodian factions and international bodies ...