Development economics

individuals investments and the development of companies based on wage labor instead of coercion, emerged in the 1770’s with the invention of mechanical looms, mules, and spindles which made factories viable options to mass produce textiles for public consumption (pg 81). This industrial capitalism became increasingly important especially when state led “war capitalism” was threatened as during the American Civil…

In devising economic policy, leaders do face certain constraints in the broad historical forces that have shaped their countries’ social and institutional structures. However, it is difficult to say that leaders are solely constrained by the historical factors and cannot ignore nor harness the historical factors to achieve economic and political goals. Throughout history, we have witnessed that leaders have been able to devise and implement economic policy despite the constraint of historical…

Microfinance sector in India has covered a long journey from micro savings to micro credit and then to micro enterprises and now entered the field of micro insurance, micro remittance and micro pension. Self Help Groups is an economic development tool of Micro finance sector which focussed mainly to assist the poor people to escape from the ill effects of exclusion and underdevelopment. Self Help Groups provides a wide range of services which include the provision of savings, credit, counselling…

During the month of September of 2016, Canada accomplished a dubious economic achievement. For the first time in its history, the amount of debt held by Canadians surpassed the amount of output, or Gross Domestic Product, the country produced (Isfeld 1). This increase of personal debt, leading to Canada surpassing 100 per cent of debt relative to GDP, corresponds with the low interest rates that have been offered to consumers since the ‘Great Recession’ to stimulate growth (1). Underpinned by…

recover from a period of hyperinflation and government default through newly implemented austerity measures. Political transition and increased defense spending have shown signs of positive development in the Argentine economy over the past nine months. Despite these positive changes, political transition, economic austerity measures, and decreased real defense spending are driving instability within Argentina and threaten to destabilize the region. Political transition as a product of public…

and tea are Rwanda 's main sources of foreign exchange. The 1994 genocide decimated Rwanda 's fragile economic base, severely impoverished the population, particularly women, and temporarily stalled the country 's ability to attract private and external investment. This paper will discuss the lending institutions, World Bank & International Monetary Fund and how they help and hinder development, health care and the effects of having and not having and finally how leadership is using financial…

Positive Economic Impacts Refugees of any country can often bring positive economic impacts to the countries that give them asylum. Existing literature on this topic discusses multiple ways in which these positive impacts can occur; five of which are discussed below. To start with, provisions created and carried out explicitly for refugees can often lead to broader utilization by the host countries population. In the late 1990s and early 2000s, Uganda saw an influx of refugees from Kenya,…

Energy is an important resource and one of the driving forces behind economic progress. Energy becomes an inevitable component for economic development as also for improving and maintaining the quality of life. Recent developments in energy markets show that energy security concerns are becoming more acute. These include a tightened global energy supply/demand balance, soaring energy prices, growing geo-political risks, and the emerging tendency of nationalism. The world is facing a twin energy…

initial FDI where as efficiency and strategic asset seeking qualify sequential FDI. Modes of FDI: Dunning substitute three modes of FDI. 1: Greenfield investment is usually defined as investment of a firm that uses stocks to assemble an exclusively new economic entity by retracing a new facilities. Greenfield mode is like to be chosen when the production process is labor intensifier. 2: Acquisition mode comprises of using the firms fund to purchase an already subsisting operations. This is done…

Although, economic growth is the nation’s ability to manufacture business merchandise and the ability to improve national living conditions and considerations. In preceding years the nation has experienced a lengthy economic recession and is currently recovering from the issues related to economic growth. Economic experts will discuss how bureaucratic financial control, careless consumption and inflation issues affect economic growth in communities. In addition to this, Economic experts believe,…