Growth medium

worse with the plenty of their natural resources. The economic growth in Indonesia in period 1970-1980 was promoted by the inclined production of oil and higher price of oil on world market. Rosser (2007) argues that Indonesia on Soehartoe’s regimes could overcome resource curse because of technocratic influence on macroeconomic and fiscal policy.…

Transport is a crucial driver of economic growth, poverty reduction and achievement of the millennium goals (MDG) in developing countries. The transport sector plays a significant role in economic growth at the sub-national, national, regional and global levels. Transport is indispensable for the well-functioning of and development of economic activities, for the production and distribution of goods and services as well as for trade [1]. Road transport plays a very important role in the economy…

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…

The U.S. Dollar is so far the top reserve currency in the world in terms of the percentage of global currency reserves. The Dollar accounts for an estimated share of over 60% of the total global currency reserves. USD plays a crucial role as a medium of exchange. Currencies always trade in pairs because the value of each currency is measured against that of another currency, yielding a rate of exchange for the currency pair. Most currencies have been traded against the U.S. Dollar for…

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…

Today’s Teenagers live in a time of sweeping technological advances, culture shock and relative affluence. Consequently, their attitudes and cultural awareness exhibit a number of distinguishing characteristics. Teenagers in India are also a robust part of the economy. They have a significant income of their own to spend and also wield increasing influence on household purchases. Teenagers are an important segment which marketers cannot afford to ignore. Teens are important because of their…

Peer Assessment 2 Choose one out of paracrine signalling, endocrine signalling, autocrine signalling and direct signalling and describe brie y the process by which this occurs. The Endocrine signalling occurs over long distances in the body and the signal is sent through the blood. Firstly, the cell inside the pituitary gland sends hormones into the blood stream over a long distance and once it gets reaches to a cell with the right receptor, the hormones will attach themselves to the receptor…

factors depict the importance of entrepreneurship in the development and growth of a country, namely: the role of an entrepreneur, the relationship between entrepreneurship and development. (users.ipfw.edu, 2007) The Importance of entrepreneurship in economic development and growth can be seen with regards to the role of an entrepreneur. Entrepreneurship is important in an economy as it bring innovation to the development and growth of a country. Entrepreneurs find a need for a particular good…

£7.20; additionally, due to the cut of corporation tax business will be able to afford this upcoming change. However, this is not the same for everyone as BBC (2015) explains that the legislation might negatively affect retail investors, small and medium size companies as this could potentially mean that their share price would fall causing loss in profit revenue which could lead to some businesses to close…

One of the main questions currently circulating economic forums is: does income inequality hurt economic growth? Main concerns about global increases in income inequality have motivated nations to study the potential impacts on societies and economies. According to the Organization for Economic Cooperation and Development, OECD for short; one of the resounding conclusions is that poorer members of society are less able to invest in their education. The OECD consists of 34 democracies with market…