Economic Growth and Poverty Gap Essay

high GDP growth – averaging at 10% per year – has lifted 500 million people out of poverty , and is a clear demonstration of the success of both extensive economic strategies and prosperous social policies undergone.…

Economic Survey Nigeria’s key economic matter would be its oil export. Even though it is the eighth major oil distributor it is still one of the poorest countries (Green and Luehrmann 177). Nigeria also has the largest natural gas reserves ("Nigeria Overview"). When oil prices started to decrease, Nigeria started to face trials to their exterior stability and public finances (“Nigeria Overview”). All but 10% of oil in Nigeria counts for their exports and around 75% of their merged financial…

have a positive or negative effect on the economy, can alter many decisions, and can be used to inconsistently to unite a country. Religion is needed to move a country through instability, yet it can also be used to put a country into a declining economic position. Currency The United States can be recognized by one image. The dollar has been used to represent the States since September 8, 1786 when it was first authorized to be issued. Americans use it every day, look at it…

Asiaphoria by Pritchett and Summers (2013) is that the accelerate growth rate of China and India will tend to a full regression to the mean abruptly. They conclude a pessimistic outcome on the prediction of growth in China and India in the further one or two decades. They argue that it is hard to use the past growth performance to predict the future growth and it seems unlikely for China and India to continue the abnormally rapid growth rates it currently anticipated. Furthermore, according to…

One of the key parts of economic globalization is Foreign Direct Investment (FDI). According to Todaro and Smith, who are economic development professors at New York University and the George Washington University, the growth of private FDI in the developing world has been extremely rapid - though it has came in waves - in recent decades (Todaro & Smith, p685). This paper explores what has been happening with regards to FDI in Mongolia since 2005. It analysis a recent trend in FDI in Mongolia…

in both urban society and rural society. The wide range of economic disparity demonstrated through the difference in living conditions was a clear indication of the inequality between the rural and urban people in Ecuador. Not only have I experienced great economic inequality on a personal level but also through research I have learnt of further economic inequality on an international stage, especially…

segment. This report first focuses on the fast market consumer good segment of India in terms of its major players, growth trends and division. With a focus on the product range, market share, market strategies, export analysis, etc. Patanjali Ayurveda has been taken under the microscope for a deeper study highlighting the areas where the company needs to work on to sustain its growth and develop into a major force in the Indian market. FMCG INDUSTRY IN INDIA Overview The fourth largest sector…

Tigers: Hong Kong, South Korea, Singapore, and Taiwan have swiftly expanded through economics, industrialization, technology, and education. These countries were the first to transform from a developing nation into a newly industrialized nation (Cateora, 327). These regions, also known as the “East Asian miracles”, highly influenced the creation of China’s economy and trade relations. The four Asian Tigers’ economic boost and trade alliances, motivated the U.S. Trade Representative to develop a…

Transport is a crucial driver of economic growth, poverty reduction and achievement of the millennium goals (MDG) in developing countries. The transport sector plays a significant role in economic growth at the sub-national, national, regional and global levels. Transport is indispensable for the well-functioning of and development of economic activities, for the production and distribution of goods and services as well as for trade [1]. Road transport plays a very important role in the economy…

especially China and India will increasingly shape and dominate the global economy. Although many scholars hare the idea that Asian Giants will continue to grow at high growth rate, like Justin (2016) and Pradeep (2015), let alone similar claim from World Bank, Pritchett and Summers do not agree with Asiaphoria and claim that growth rate of the Asian Giants’ GDP will decrease. To start with, Pritchett and Summers argued that when predicting past performance should not be used to predict the…