Economic growth

Japan has initiated an economic policy known as “Abenomics”, through the “three arrows” of monetary easing, a flexible fiscal policy, and structural reform. This policy has successfully stabilized the yen exchange rate, helped business confidence and fattened the stock market. Japan’s economy is the third largest economy in the world in terms of Growth Domestic Product (GDP). In 2015, Japan’s GDP reach an astonishing $5.46 trillion AUD (World Bank), ranking in third behind China in second…

technology imitation and cheap labor has a diminishing marginal returns, there is a growing concern if Malaysia has been falling into a middle income trap (Flaaen. A et.al 2013). While middle income trap is defined as the stagnated or slowed down growth of an economy for a long period of time (leading to low income level and therefore low savings & low production); with some proficient advocacy and policy reforms, Malaysia can possibly escape this trap (Kharas and Kohli 2011). This article thus…

northern and southern states fought. The northern Union states defeated the Confederacy states (slave states) (Yang 2012). The second one is the Great Depression that occurred in 1930 whereby 25% of all the citizens of the country lost their jobs in the economic downturn (Mundi 2015).…

third-largest by purchasing power parity, or PPP. With its average annual GDP growth rate of 5.8% over the past two decades, and reaching 6.1% during 2011–12, India is one of the world's fastest-growing economies. However, the country ranks 140th in the world in nominal GDP per capita and 129th in GDP per capita at PPP. Until 1991, all Indian governments followed protectionist policies that were influenced by socialist economics. Widespread state intervention and regulation largely walled the…

of skills, knowledge and training that individuals can transfer to other work environments and is an integral component of a developed economy. The benefit of human capital is significant as it can be passed through generations, triggers endogenous growth factors and through direct personal benefit it can effectively address mobility issues in the poor. Human capital, through the investment and generation of more skilled workers, is an integral part of moving an economy from a manufacturing to…

political independence was attained, there was rapid expansion of the education sector. From 1950 to 1980 there was rapid expansion in the growth of the education sector (cite this). On the other hand, in the period 1981-2009 there was a rapid decline in the growth of educational sector (cite this). During the period of growth in the education sector the growth was largely due to an increase in access to education in Nigeria. For example, the number of students in primary schools was 626,000 in…

mistake the economic impacts and aspects of CSR with financial issues. But these aspects and aspects is not only a matter of companies being financially sound, they are also linked to the direct and indirect economic impacts that the businesses operations have on the surrounding community and on its stakeholders. (Belal Uddin, 2008) State contracts and state subsidiaries are also economic impacts and aspects to be taken into consideration. CSR has quite an impact on economic growth and…

The clothes you are wearing right now were likely made in a sweatshop. Whether expensive athletic wear or cheap and trendy fashion, much of what constitutes America’s retail fashion industry is produced in sweatshops. America relies on sweatshop labor to sustain its business model revolving around consumerism. By outsourcing clothing production overseas, American companies are able to increase profits by saving money. Capitalizing on cheap labor allows for companies to constantly sell clothes…

Introduction Tourism is and always has been one of the major contributions to a country’s economy. It is a social, cultural and economic event in which involves the movement of people to countries or places outside of their usual environment for leisure, business or medical purposes. The tourism industry is made up of different components such as transportation, attraction, accommodation, travel and tour operators etc. Hospitality is a “place”, where people can still be exceptional individuals…

Before the late 19th century, none of the American citizens could have imagined that their humble colonial beginnings would eventually contradict its fundamental values to become a global powerhouse with colonial possessions. But as the US exhausted their land in their manifest destiny driven westward expansion, it was inevitable for the country to begin searching for more land and markets. Consequently, the US applied its Monroe Doctrine to intervene in support for the nationalist movement in…