on are Downey and South Gate. The reasons I chose these cities are I graduated from Downey High School and I grew up in the city of South Gate. From personal experience, I know that they are similar in many ways but also differ in terms of their economy just by observing the cities. This report will discuss the economic development goals of the two cities with emphasis on how they compare and contrast to one another and will determine the desirability of living in each city. To begin, I…
China and North Korea are very close, when the two countries are established, their economy system are both communism. But China had changed it into socialism and developed very fast in the recent 30 years. As the neighbor of China, North Korea still keeps communism and its economic power is very weakness in the world. The reason that North Korea keeps communism is under the communism economy, North Korea can effectively guarantees their security and political independence of the nation…
Government reduces investments in improving the infrastructure of economies as they think that resource wealth is able to sustain the country’s development. Hence, endowment rich nations can lag behind resource poor nations when the revenues are no longer sustainable. Lastly, crowding out of human capital can occur as government…
In the fast developing world, there is no room for doubt that rapid economic development is one of the most successful achievements in human history,both in developing countries and developed countries. Countless people are sharing the improvement of living standard in many aspects. However, with the threat posed by the increasing environmental problems and resource shortage problems, considerable amount of public attention is being attracted to the achievement of sustainable development.…
notion is true. China is representative of a deviant case within Comparative Politics; the theory states that as a country progresses economically, policies reform and democracy will follow. While they are often considered one of the worlds leading economy, China remains an authoritarian state. The established linkages between democracy and economic growth have more often than not been in support of the claim that democracy does pose a cost in terms of subsequent reductions in growth rate. There…
The study on the Lincoln’s Children Zoo is not the only study that shows the extreme economic impact zoos and aquaria have. There are many other people that have researched, and show how zoos are economic generators for the communities. Based on the information interpreted by Thomas (2011), “Looking just at Texas, a study determines that AZA-accredited zoos and aquariums generate $884.2 million in economic activity annually for the Lone Star State. They also employ 8,998 people and provide…
Over the past five years there has been an additional 7,500 private sector jobs added to the economy. That created record high 155,720 average annual total jobs in 2013 (3-year Outlook, 2015). In 2014, Anchorage lost 690 jobs, but most of that decline was from job loss in the public sector. When oil prices last year took a big dip, Alaska went into a small recession, which hurt the State and City economy. They say that which oil being so inconsistent, they don’t know where their future lies…
The development of communication and new technologies, and the use of Internet have made huge economic and political transformations. People, banks and industries use the cyberspace to trade their capitals among national and regional economies. Moreover, economic integration and economic globalization have shrunk economic connections across the globe. Goods and Services can be easily trade among nations because there are several facilities of transportation, control, and payment. The increase…
The main goals that governments should provide support against the boom and bust of the market economy and those governments should invest in Public works to provide a “social safety net” (pp.77). Keynesianism criticizes the neoliberal economic measure of success, Gross National Product (GNP). The SEL model believes that GNP is not an accuate measure…
investment trends. 2.2 Background on BRICs Emerging Economies The BRICs acronym stands for Brazil, Russia, India and China. The term was firstly floated by a Goldman Sachs’s paper in 2001, which attempts to project global economic trends over the next 50 years.17 It was anticipated that the emerging economies of the BRICs collectively would overtake the G6 (the US, Japan, the UK, Germany, France, and Italy) as a major force in the global economy in less than 40 years. The actual economic…