Overview 200 years ago, world population was less than 1 billion people. During the next hundred years world population increased by half a billion and finally known an incredible growth in the last century going from 1.5 billion people in the late 19th century to over 7 billion in the early 21 century. This great increase was possible due to an increase of life quality and progress in technology allowing lower birth death, as it was earlier in history. But the earth is not expendable, it has…
of this paper by Ozturk is to confirm the role education plays in economic development and the effect of education on worker productivity, poverty, vocation, technology, welfare, earnings distribution and family. Education offers a foundation for growth and expansion, the basis on which considerable economic and social well-being is constructed. The significance of increasing and economic efficiency and social consistency by increasing the significance and productivity of worker labor helps to…
be difficult to parse out the effects of institutions when they have taken so long to evolve over time (e.g. Europe, China, etc.), but when the exogenous force of colonialism invaded, the difference in institutional development and future economic growth was stark. It is obvious to see that Spain set up extractive institutions in their American colonies and that England set up settler colonies which were far more likely to develop inclusive institutions; but, Why Nations Fail, broadens the scope…
The novel named “The Alchemist” written by Brazilian author Paulo Coelho, first published in 1988 and originally written in Portuguese. “The Alchemist” has become an international best seller; now as of 2016 it has been translated to 70 plus languages and sold around an estimate of 75 million copies. Publishing trend report that Paulo Coelho has become the most sold author in the world. Paulo Coelho’s writing style is substantially the reason this novel has attracted millions of readers. Paulo…
important subject of the Russian Federation, which is directly adjoining Northeast Asian countries, and might become new social and economic development center in the Pacific Rim in the foreseeable future. The regional GRP rate has a constant growth and takes one of the leading positions in the Far Eastern Federal District of Russia. The dynamics of the GRP point to the positive development for the last 5 years, with the slowdown of the economy in 2012 due to the cumulative effect of the…
Even though FDI location is influenced by the firm behaviour (a microeconomic factor) as the reasons of its location, that is whether it is resource seeking, market-seeking, efficiency-seeking or strategic asset seeking; the main decision is in fact taken on the basis of economic geography, which is a macroeconomic decision as it takes understanding of country-level characteristics (Popovici & Calin, 2014). According to them, the theory enlightened the success of FDI among countries based on the…
Is there a better quality of life in Johannesburg or Cape Town? Aim: My aim is to determine which city, Johannesburg or Cape Town, has the best quality of life using income in both cities, life expectancies in South Africa as a whole, literacy levels, crime and leisure’s in both Johannesburg and Cape Town. Review of literature What is the quality of life? Quality of Life is the well being of individuals and societies. It has a wide range of contexts, including the fields of international…
strategies used to promote economic growth and development in this economy Economic growth in China’s case refers to the increased use of productive resources such as land, labour, capital and entrepreneurship as a result of improved technology, population and labour force growth can be measure in real Gross Domestic Product(GDP) per capita. On the other hand Economic development refers to the process of structural change required in an economy for economic growth to happen, can be measured in…
Recently, a bank called Citygroup ranked South Africa as the richest country in the world in terms of mineral and natural resources. The value was estimated around 2.5 trillion. Shocking statistics reveal that South African whites and western foreigners own as much as 80% of it, which makes south Africa unquestionable the most racially unequal country. Already in 1455, the Portuguese people discovered South Africa, a nation that had almost unlimited access to valuable, material resources. The…
1. Introduction Reality shows is a new form of television format latest rise in China’s entertainment industry. By integrating many new elements into the shows, it captured high audience ratings at high pace in China. Reality show originated from western countries, and then gradually spread to the world, until now has formed a new wave in the world. With the growing number of viewing audiences, the Chinese reality shows are facing the problem of how to find a balance between entertainment and…