Endogenous growth theory

fact, Singapore’s total fertility placed third lowest in these 5 Southeast Asian Countries (Wong 2012). Such a phenomenon has been a cause for widespread concern due to the host of societal problems it could potentially create such as slow economic growth and ageing population. A low fertility rate reflects how Singaporeans are not willing have more children and it is important to delve deeper into the reasons as to why this is so. While there has been many pro-family policies…

1. INTRODUCTION We need entrepreneurship in order to build a better world and future for the generations to come. It is also essential for expanding the economy. The Hoover Dam was originally known as the Boulder Dam from 1933 to 1947. The dam was named after Herbert Hoover who played an important role in its construction. The Hoover Dam is located in the Black Canyon on the border between Arizona and Nevada and was built with the effective use of resources. The Hoover Dam was built by…

Although the modern world is considered as the most developed and the most secured due to science and technology, so many threats are still posing serious challenges to human survival. If war and terror, famine and hunger, flood and earth quake have always been perishing human beings from the mother earth, the issue of food security is also threatening our existence on this planet. The problem is increasing day by day because on one side the population explosion is on the rise, but on the other…

concepts. The first is between extensive and intensive growth. Extensive growth has occurred for millennia in most parts of the world with the aggregate output rising, with the expansion of the population that has taken place over the period of time. Per capita income was however relatively low and stagnant during this phase. By contrast the modern era has been marked by intensive growth with constant rise of per capita incomes as the growth of output outstripped that of the population. There…

coal and other mineral deposits. These include countries like those in the Middle East, Africa and Latin America. Despite all the riches of these countries, their economic growth is low. On the other hand countries like China, Japan and the ‘Asian Tigers’ have a much smaller endowment of these resources but still enjoy higher growth and better living standards. The natural resource curse, therefore, is a…

Introduction Demography is the scientific study of human populations, including their sizes, compositions, distributions, densities, growth and other characteristics as well as the causes and consequences of changes in those factors. Demographic analysis is an important tool that explains sociological phenomena such as expanding population which can result in competition of resources such as food, land, access to trade routes among others. Demography largely relies on large data sets over long…

population of approximately 200 million people which has increasingly become urbanised since the 1950s, with 85% of the current population living in urban areas. However, like many other countries, in the course of this urban development and economic growth, may have neglected measures of sustainability for the present and future. The current national focus and priority of the country is on economic stabilization policies even though Brazil is the seventh-largest economy in the world. This may…

By Isabelle Evans C15540577 Gross domestic product and gross national product are essential to have for any country. Not only do they aid us economically, it helps us plan national spending and shows us which areas need attention, for example which areas of government spending need to be adressed. GDP stands for gross domestic product. Gross domestic product is a monetary measure of the value of all final goods and serviced produced in a peiod of time, for example quarterly or yearly. This…

What is The Tragedy of the Commons? The Tragedy of the Commons refers to an essay written by Garrett Hardin; Hardin explains that humans will overuse a resource until it is no longer present, for short-term financial gain. Hardin points out many examples of this, however, he chooses to single out the fact that given free range of the land herdsman will almost always exceed the carrying capacity of the land, thus exhausting the land of its fertility. The Tragedy of the Commons is also shown…

Brazil is located in Eastern South America, neighboring the Atlantic Ocean. Not only is it the biggest country in South America, but also in the Southern Hemisphere. It is 5th largest country; in population and land area. The general topography is flat, but there are some hills and mountains throughout. The climate is somewhat mild but mainly tropical. Its land mass it a little smaller than the United States and is home to a population of 204,259,812. The capital city is Brasilia. Portuguese is…