Economic growth

“A completely new configuration would be at stake” (p. 127). New, bigger and stronger conglomerate required economic reforms and many economists of 1990s were…

The main point is about to explain that China and India economic growth are likely to fall sharply, as Lant Pritchett and Larry Summer stated that China and India have been growing super-rapid and has already lasted three times longer than the general episode. This was observed with regard to Japan in 1960s, and it is seen today with regard to China and India. Moreover, the paper point out that to evaluate the growth prospects of an economy is not to look at its past but rather as economies in…

get worse with the plenty of their natural resources. The economic growth in Indonesia in period 1970-1980 was promoted by the inclined production of oil and higher price of oil on world market. Rosser (2007) argues that Indonesia on Soehartoe’s regimes could overcome resource curse because of technocratic influence on macroeconomic and fiscal policy.…

tool in their development attempt. Developing countries have different views and concerns towards WTO negotiations, and one of those is the skepticism on the fairness in WTO’s regulations. Global economic integration without taking into consideration the different levels of developing and the specific economic situation of the country would be an ineffective and meaningless effort at such integration (Kaldor, 1981) Can developing countries benefit from trade liberalization…

larger scale. It may be true that some level of inequality does not harm nations, as it can provide people with incentives to become better by improving their skills. However, this phenomenon is out of control and puts the country into a stagnating growth phase which generates instability and social disparity. Inequality can be measured in various ways, but the simplest one is to compare what people at the top 1% earn vs. what people in the typical middle class earn. The newest trends define the…

whites by 4.1% and highest for the black Americans (Corden, 1960). Unemployment in the country is due to some economic reasons. Some people do not want to be employed voluntarily. Some people leave their current occupations for other jobs. Unemployment can also be attributed to rising number of workforce and fewer industries to absorb them. US real GDP is 16.81 trillion USD with a quarterly growth rate of about 2.06% and an annual rate of 3.3%. It is the largest economy in the world, but the…

I examine data collected from several international organizations, I scrutinize three indicators that best represent basic services ( i.e. Human Development Index, access to health and education). To analyze if foreign aid is helping Haiti’s economic growth and development I monitor changes in Human Development Index, trends in the numbers of those who have access to health and education. I also focus on the impact of food aid, humanitarian aid. I focus on these indicators for three reasons:…

5 most important economic variables (1) GDP (2) Interest rate (3) Personal income and consumption (4) Debt (5) Inflation 【GDP】The gross domestic product (GDP) is one of the most important indicators to evaluate the condition of a country 's economy. It represents the total dollar value of all goods and services produced over a specific time period; thus the size GDP would also indicate the size of the economy of the country. Normally, GDP is used to compare with the previous quarter or year’s…

1. Introduction Many scholars and observers have dubbed the economic growth in China over the past three decades as phenomenal. This growth is virtually synonymous with the Economic Reform that started in the late 1970s. The word reform is defined as a transformation or improvement. The Chinese Economic Reform refers to a number of economic changes known as “Socialism with Chinese Characteristics” in the People’s Republic of China (PRC), led by the Communist Party of China (CPC) under the…

in response to a slowdown of the Australian economy as shown by the downward trend in monthly GDP growth, decreasing trade scale and lowering of commodity prices. The factors driving the decisions made by the RBA would be the high currency rate and low inflation rate. 1. High currency rate In 2011, the AUD exchange rate was over 1 AUD/USD and has been historically high. Due to the slower growth of…