Economic growth

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…

Devaluation cause inflation, Economic growth is one of the most important and popular causes of the devaluation. From the first ages the economy started growing bigger and bigger till now a days, you may ask yourself how? I can tell you, its because of the devaluation that causes inflation.It may seem a little bit confusing, and you also may ask yourself who is dominating this growth ? what statistics and rules they are using? The government or the leader of the country started putting these…

effect fiscal policy has on economic growth. To further explain endogenous, the graphs are expressed in a situation where financial markets are perfect. In other words, these models express the effect of fiscal policy on income tax, consumption tax, and government consumption without financial frictions (Mino, 2016). Therefore, fiscal policy stimulates the economy directly depending on the nature of the policy. For example, “a rise in each rate of tax lowers the balanced growth rate, whereas a…

Karl Marx and Adam Smith couldn’t be more different in their views on how economic growth could improve the material well being of the working-class. Marx believed economic growth came at the backs of the proletariat, and that most growth is horded by the bourgeois, only beneficial to the capital elite and added to commodity fetishism. While, Adam Smith believed greater national output was beneficial to everyone, raise all boats with the tide, and increase the wages of the working class, too.…

Development and Economic Growth. 3.1 Introduction In most empirical studies the problem was how to measure financial intermediation and the indication of the level of financial services produced in the economy. There are various services available to the financial sector and this is the reason why it is so difficult to construct financial development indicators. The aim of this chapter is to empirically investigate the possible relationship that exists between financial markets and economic…

more equitable world society. As sustainability includes different issues, is often difficult to define precise terms of it. Considering the Venn diagram, sustainability can be described as the intersection of three main issues as environmental, economic and social issues. Sustainability Venn diagram Depending on the domination of one factor than the other factor, the circles can be in different sizes. Some business leader prefer to show…

to the declining growth of the Chinese economy. The article also discusses Toyota’s plans to expand their Japanese operations in order to compensate for their recent performance in the Chinese market. Whilst being affected by China’s economic crisis, Toyota continued to outpace the industry and proposed future plans to develop another assembly line in Tianjin, China by mid-2018. Application of concepts This article demonstrates the economic impacts of China’s deteriorating growth on Toyota’s…

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,…

the factory and makes production more affordable. This reflects on the country’s GDP level. The positive role of infrastructural investments on the national output level has been proved by many studies undertaken in the field. To support the economic growth it is necessary to trigger the productive…

Anthony Levi states, “by the end of the 1660’s France was again in full economic bloom.” Louis XIV was not an expert on economics and he was fully aware of this, therefore he designated an “economic czar” (Murray Rothbard) Jean-Baptiste Colbert. Colbert is almost solely responsible for France’s economic growth. Through the economic guidance of Colbert, France was able to improve various aspects of its nation. Louis’s foreign policy was extremely aggressive, it allowed for him to acquire a vast…