Economic growth

foreign aid and economic growth has drawn great attention for years. The topic is extremely controversial one. There is now a large literature on the relationship between aid and growth. Empirical findings between aid and economic growth is mixed. Some studies found positive relationship between aid and GDP growth rate. For example, study conducted by Hansen and Trap (2000) examines the relationship between foreign aid and GDP per capita. They found that aid increases the GDP growth rate without…

with rich natural resources were unable to experience exponential economic growth as compared to countries with little or no natural resources. In particular, there is limited understanding on the influence of transmission channels of resource abundance on economic growth, especially when it comes to oil wealth. This literature review aims to examine the existing transmission mechanisms between resource abundance and economic growth. It will also evaluate the research methods used. The 4…

In the time of the Tokugawa period, there was peace, stability, and economic growth. During the Tokugawa period, the economic growth became the fastest growing compared to the time before it. First of all, the economy started to have agriculture in the society and soon became the best job in Tokugawa. It’s because people made the generation to change in time and move further. According to Lucien Ellington, “Increasing number of farmers were not only engaged in substance agriculture but were…

disparate wealth except one: institutions — specifically economics institutions as they are influenced by political institutions. Acemoglu and Robinson take a slightly different approach in looking at the question of why are some nations so rich and some so poor? Their plan is to examine why nations have not succeeded in harvesting long-term growth. They begin their argument by addressing the three predominant theories of the differing economic levels of nations. A more traditional geography…

CHINESE MARKET AND THE U.S. MARKET As we know, Chinese market and the U.S. market are the two biggest economic systems in the world by now (2015); they are both measured around 17% in global economic activities each (Walker, 2015, para.3). These two different markets are very attractive to most of the investors around the world. However, on many other perspectives these two markets are really unlike, which challenge a lot of business owners and new entrepreneurs, who considering to begin their…

Globalisation is the process of increased integration between different countries and economies resulting in the establishment of a single global market and greater influence internationally on economic activity. This influence has had a major impacts both positive and negative, especially on what are known as the BRICS economies, the world's 5 major emerging economies which includes China. Over the past 4 decades China has benefited greatly from globalisation and its current size would not have…

days. Basically, economic is a social science most concerned with the best use of scarce resources to achieve the maximum satisfaction of economic wants. Also, a business is a commercial enterprise that executes economic activities. And then, in the 21st century, women can do economic and business activities for a growing economy. Women are more than half population in the world. There is increasing the share of household income controlled by women after women doing some economic activities.…

to fulfill the requirements of a “Theory of Local Economic Development” class in December of 2004. MacNeil’s essay attempts to rationalize an argument that social capital is both not damaging non-urban communities and may in fact be an advantage for economic growth in rural areas if researchers would only look beyond simple GDP growth to measure prosperity. MacNeil’s entire hypothesis is based on GDP being an inaccurate measurement for economic improvement. If the reader can grasp, even…

Kuznets Hypothesis of income and inequality in context of Indian growth experience In economics, a Kuznets curve graphs the hypothesis that as an economy develops, market forces first increase and then decrease economic inequality. The hypothesis was first advanced by economist Simon Kuznets in the 1950s and '60s. One explanation of such a progression suggests that early in development, investment opportunities for those who have money multiply, while an influx of cheap rural labour to the…

of the Early Modern Japan. In the Edo period there were a significant economic developments and in my opinion the Tokugawa shogun period provide the foundation for modern economic growth in and after the Meiji period despite that the Japan economy couldn’t growth as rapid as the European one. However, there are a historical debates about the modern economic growth in the Edo period. According to them, there was no economic growth during the Edo period and the economy itself was sluggish. At the…