Exogenous growth model

societies. Then Jared Diamond should answer the question, “Why Europe is both the heart and mother of the world's most developed modern societies?” McNeill then goes further, claiming that Jared Diamond overemphasized the role of physical geography in the growth of societies. The review states that the author's argument fell short due to its lack of discussion about the role of culture and economics in determining the pace of progress. Jared Diamond failed to mention those factors that were…

differences in technological advancement and economic policies, levels of development and degrees of economic growth have historically fluctuated among countries. There is division between developed and developing countries creating major gaps and economic inequalities between countries. Also, there are inequality within countries, excluding many groups and individuals from the process of economic growth. Alongside increased inequality between and within countries, a concept addressing the…

Mahathir during his time (1981-2003) Malaysian foreign policy under Mahathir (1981-2003) has been described as independent, active and pragmatic. Two decades of Mahathir’s leadership have resulted in Malaysia becoming more internationally recognized as a model of stable, multicultural and developing country with a relatively impressive economy. The establishment of Malaysia's foreign policy under Mahathir more economically oriented than before, coupled with a strong and passionate advocacy for…

shows that before 1990s the growth rate was normal and in the next three decades the growth rate of urbanization is on the rise. The growth rate of urbanization has increased nearly by 10 per cent in the period between 1991 and 2001 and from 2001 to 2011 it has declined almost by 5 per cent. Table -1 indicates both the above average and below average level distribution of urbanization in all the districts of Tamil Nadu in 2001 and 2011, census period. The average growth of urbanization in…

Tourism is one of the fundamental sector that contributes to every country’s economy. Singapore, as a developed country, have witnessed the nation’s tremendous growth in terms of its tourism attractiveness and competitiveness. The evolution from a chaotic fishing village to a popular tourism hub in Asia. The tourist arrival numbers has been increasing yearly from 9 million to 15 million since the introduction of the Integrated Resorts as reported by Singapore Tourism Board (STB). Thailand, a…

1. Introduction At 1.8 million words, the Mahabharatha is one of the largest epics – roughly 10 times the size of the Iliad and Odyssey combined. At some level, this represents “big data”. Text is generally considered “unstructured” and therefore tough to analyze. But the growing field of text analytics and text visualisation tell us that there’s a lot more structure to plain text than one might think. Mahabharata is the longest epic in the world written around 300 BC, it was narrated by…

Introduction- Indian Hotel Industry The Indian hotels and motels industry has declined in 2013 but the industry is expected to accelerate back to growth in 2014 with double digit growth rate through the period 2014-2018. The industry has CAGR of 4.5% in revenue growth between 2009 and 2013 with $4.2bn revenues in 2013. The number of hotels increased with CAGR of 4.4% in the same period. Leisure is the largest segment in the Indian Hotels and Motels industry, accounting for 71.5% value whereas…

Internet users in Cambodia means there is enormous potential for business growth and employment opportunities in the technology sector. For Cambodian job seekers, there will be an increased demand for positions that require skills in math, science, and engineering – fields of study currently underrepresented in Cambodia. Filling these higher skilled positions would translate into higher wages and add to Cambodia’s economic growth. Technology has transformed how people live, learn, and…

a significant economic developments and in my opinion the Tokugawa shogun period provide the foundation for modern economic growth in and after the Meiji period despite that the Japan economy couldn’t growth as rapid as the European one. However, there are a historical debates about the modern economic growth in the Edo period. According to them, there was no economic growth during the Edo period and the economy itself was sluggish. At the governance of Tokugawa family there were a lot of…

Analysis of the luxury goods market in the emerging countries - business strategies, transformations and growth trends. Case study: Poland. CHAPTER I – GENERAL THEORIES 1.1. Definition of luxury - its theory, philosophy and history The word ‘luxury’, comes from the Latin – ‘glamour’, ‘luxury’. It is a general definition, that includes all the material goods, groceries, services and much more. The list of them is still growing. Some of them, are available to all consumers, but majority is…