Economic development

The worst development outcomes are found in the countries with the majority of natural resource endowments. “There are twenty-three countries in the world that derive at least sixty percent of their exports from oil and gas and not a single one is a real democracy” (Patrick). In developing countries, an increasingly important part of economic growth is the management of natural resources. This allows governments to deliver services to their citizens and it also creates jobs (“Creating Jobs”).…

Underdevelopment: More Than a State of Mind Student Name: Fujia Wang Student Number: 214122782 Instructor Name: Miguel Gonzalez Course Name: INTRODUCTION TO INTERNATIONAL DEVELOPMENT STUDIES Words: 1040 In 2010, Haiti was struck by a devastating earthquake that destroyed land and lives alike, almost wiping clean the capital city of Port-au-Prince. Because of the underdeveloped nature of Haiti at the time of the natural disaster, the country was susceptible to…

policy been in the economic development and export success in countries of the Asia-Pacific region? The level of economic development and export success in the countries of the Asia-Pacific region is a phenomenon which many theorists have attempted to explain. Concerning whether or not there exist a significant relationship between government policies and such regional economic success, I argue that government direction and policy has been critically important to facilitating the economic…

Review Paper : The Stages of Economic Growth After the World War II, the idea of ‘development’ became major concern of many countries and international organizations. Many researchers try to figure out how development works and how this process could help modernization process in the world. Walt Whitman Rostow in his article ‘The Stages of Economic Growth’ also try to figure out how economic develops. In his article, Rostow (1959) argues that economic growth in modern world is not a continuum…

characteristics that define this time period. 1790-1860 was a period of rapid industrialization, market revolution and changing social order. This was largely due to new methods of transportation, mechanization and the changes in women’s roles. As new developments were made in the transportation industry people’s lives began to change rapidly. States tried to improve their roads to make traveling on them much safer and more comfortable. The federal government…

2.1. The Developmental State Theory 2.1.1. A Recipe for Sustained Economic Growth Proliferation of literatures on comparative development studies revolving around the DS paradigm are attributable to rise of the East Asian countries known for their success in sustaining high economic growth over a long period of time coupled with a relatively stable political regime taking a proactive approach in its economic development initiatives. Indeed, this East Asian Miracle has frequently been cited as a…

cities. This report will discuss the economic development goals of the two cities with emphasis on how they compare and contrast to one another and will determine the desirability of living in each city. To begin, I find it easiest to compare the cities’ similarities. Both take advantage of their geographical location. Their close proximity to Los Angeles makes manufacturing much more feasible than some other cities. Also, high…

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…

Achieving unobstructed economic activities by efforts of ultimate economic liberalization Over the past two decades, economic liberalisation by global productivities has been increasingly expanding and persisting the advancements of western economic growth (Stehr & Strasser, 2004, p. 4). Many people from developed countries have prospered from ‘globalism’ (Robertson, 2003, p. 4) as a result of cross-border trade and investments. However for developing countries, that are not sizeable enough to…

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…