Economic growth

regional growth by focusing on the estimation results. As shown in figure 3, we predict how growth of population and employment density change in the 86 largest U.S. metropolitan area when the congestion growth changes. Figure 3 presents that population growth of the largest U.S. cities would decline, whereas employment growth would continue to increase when congestion growth increases. These results indicate that population growth is more sensitive to traffic congestion than employment growth.…

Central to the entire topic of Globalization is Economic Growth, Sustainable Development and Migration. We will start by defining each category Economic Growth is defined as a country’s positive increase in output and it is measured by the Gross Domestic Production GDP (Beardshaw et al., 1995: 169,170). Sustainable Development according to Barnes & Hoerber, (2013) is “development which meets the needs of the present generation without compromising the ability of future generations to meet their…

South Korea experienced exponential economic growth from the early 1960s through 1989. During the 1970’s is when they earned the title as an Asian Tiger. During this time South Korea saw GDP growth from $7.7 billion in 1962, to $230 billion in 1989. (South Korea the Facts) They experienced this economic growth due to foreign aid, an increase in economic policies and a heightened investment in education. There were a few fundamental causes for this economic explosion. But in order to fully…

are less productive and the Western world are indeed getting older every day. We must accept that we are confined to very low growth rates for a long, long time. Exponential economic growth, with no increase in population means that the current population needs to do one of two things and most likely a combination. 1. Prices will go up which gives a false sense of growth only prices grow not the goods/services 2. People need to consume more, but therefore people need to produce more and if you…

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…

Introduction: Most economists have been concerned about the relationship between inflation and the economic growth, for a very long period of time. The combination of the two, that is inflation and economic growth, they distinguish the variables of macro-economic. Inflation has a negative impact on the growth of the country; the South African statistics has proven that. I will be discussing that in details. Firstly, Inflation is simply defined as a situation where prices are perpetually and…

Noted that taxation can be effective for enhancing or improving economic growth performance, it is a critical issue that needs to be considered nationally and internationally. The economic growth of our country is determined by the effect that taxation has upon economic decisions, in other words it is the mother head. After a research done I understood that the higher the tax revenues are paid by both individual and corporates reduces investments’ rates and increases jobs. More money is invested…

These countries need to focus on growth policies. Like India’s most recent development plan has 2 main goals to achieve. One is enhancing economic growth and making growth more inclusive. These countries need to make policies that helps them do proper utilization of the resources they have in their nation like human resources, natural resources and other. Income levels is one of the major indicator of economic growth. In other words, Lower income implies low standard of living which affects both…

India, being the second most populated country in the world, at 1.295 Billion, has enormous potential within the world economic stage. While India and China share similarities such as population and region, their economies are vastly differing beasts. As of 2014 both India and China have an expected GDP growth of 7 percent, China’s economy is roughly five times the size in value. However, when adjusting for the the purchasing power parity, China still have two and a half times the GDP of India.…

innovative thinkers plant their ideas together and work to make them come alive. In America, technological progress came a bit after the turn of the 1800's. Manufacturing, transportation, and the rise of large cities, were all causes of America's economic growth. However, there were also consequences that fallowed as a result of America's prosperity. The concepts that would help piece America's prosperity did not start in America; rather they were inspired by ideas in the old-country. The days…