Economic Geography
... What is Per Capita GDP? • GDP per 1000 people, how “wealthy” the country is. • Roughly the amount of $$$ earned per person in a political unit per year. Similar to “Per Capita Income”, but not exactly the same. • Examples? U.S. = $47,000 Mexico = $14,000 Japan = $33,000 China = $7,500 Sudan = $2300 ...
... What is Per Capita GDP? • GDP per 1000 people, how “wealthy” the country is. • Roughly the amount of $$$ earned per person in a political unit per year. Similar to “Per Capita Income”, but not exactly the same. • Examples? U.S. = $47,000 Mexico = $14,000 Japan = $33,000 China = $7,500 Sudan = $2300 ...
SECTION 7: Economic Growth & Productivity Need to Know —real GDP divided by the population size.
... depends on the quantities of physical capital per worker and human capital per worker as well as the state of technology. ...
... depends on the quantities of physical capital per worker and human capital per worker as well as the state of technology. ...
ECON 409 November 7, 2012
... • Never passed the stage of consumption good production – There was neither cost efficiency nor innovation in protected markets – Most of the developing countries still depended on imported capital goods – Exports were harmed due to overvalued currency • Significant trade imbalances (lack of foreign ...
... • Never passed the stage of consumption good production – There was neither cost efficiency nor innovation in protected markets – Most of the developing countries still depended on imported capital goods – Exports were harmed due to overvalued currency • Significant trade imbalances (lack of foreign ...
Business Cycles
... lowest level, and can be short-lived or last very long. The trough is followed by the recovery or expansionary phase. Recovery (expansion): As the word suggests the economy is on the road to growth. In this phase output and employment start to rise, as a result the price level will start to rise. Th ...
... lowest level, and can be short-lived or last very long. The trough is followed by the recovery or expansionary phase. Recovery (expansion): As the word suggests the economy is on the road to growth. In this phase output and employment start to rise, as a result the price level will start to rise. Th ...
Germany towed along by the world economy (Press release, short version (PDF, 20 KB)
... prices for oil and commodities will not dampen the upswing, since this is not primarily due to exogenous causes but is particularly the result of the demand boost that has accompanied growth. The German economy is being towed along by the international trend. Although economic output has been expand ...
... prices for oil and commodities will not dampen the upswing, since this is not primarily due to exogenous causes but is particularly the result of the demand boost that has accompanied growth. The German economy is being towed along by the international trend. Although economic output has been expand ...
Pushing back the frontiers of poverty and
... perceptions of SA’s global competitiveness • Significant increase in exports of manufactured goods and services ...
... perceptions of SA’s global competitiveness • Significant increase in exports of manufactured goods and services ...
Economic Geography
... What are goods, services, and labor? Goods – things to be traded, bought, or sold Services – things people do for others in exchange for payment Labor – work force, the workers ...
... What are goods, services, and labor? Goods – things to be traded, bought, or sold Services – things people do for others in exchange for payment Labor – work force, the workers ...
Presentation to the Real Estate Conference Group 2002 Conference
... So far I’ve talked about the mixed data and the uncertainty about the near-term outlook. Let me conclude by turning to the longer run national outlook, where I’m definitely optimistic—for ...
... So far I’ve talked about the mixed data and the uncertainty about the near-term outlook. Let me conclude by turning to the longer run national outlook, where I’m definitely optimistic—for ...
ECONOMIC GEOGRAPHY
... making a profit -determined by consumer demand (supply and demand) -little government involvement (like in USA) ...
... making a profit -determined by consumer demand (supply and demand) -little government involvement (like in USA) ...
Business Foundations
... • Goods and services sold to other countries The __________ __ _________ is the amount of goods and services the average citizen can buy. (how well people live) Unemployment Rate The unemployment rate measures: There are different reasons for being unemployed, including: ...
... • Goods and services sold to other countries The __________ __ _________ is the amount of goods and services the average citizen can buy. (how well people live) Unemployment Rate The unemployment rate measures: There are different reasons for being unemployed, including: ...
Slide 1
... Mining and beneficiation Manufacturing (IPAP2) Tourism/other services Look for employment opportunities in “jobs drivers” and implement policies to take advantage of them ...
... Mining and beneficiation Manufacturing (IPAP2) Tourism/other services Look for employment opportunities in “jobs drivers” and implement policies to take advantage of them ...
CHAPTER 8
... 3. Which is more important — increasing inputs of resources or increasing the productivity of those inputs — as the main source of economic growth in the United States? Explain. ...
... 3. Which is more important — increasing inputs of resources or increasing the productivity of those inputs — as the main source of economic growth in the United States? Explain. ...
Looking to the US* C.P. Chandrasekhar and Jayati Ghosh
... According to some, however, there are still grounds for optimism. One is the view that the factors responsible for driving down growth during the two quarters ending March 2015 were ‘temporary’ in nature. Prime among them are a fall in exports because of a strengthening of the US dollar vis-à-vis o ...
... According to some, however, there are still grounds for optimism. One is the view that the factors responsible for driving down growth during the two quarters ending March 2015 were ‘temporary’ in nature. Prime among them are a fall in exports because of a strengthening of the US dollar vis-à-vis o ...
Looking to the US*
... According to some, however, there are still grounds for optimism. One is the view that the factors responsible for driving down growth during the two quarters ending March 2015 were ‘temporary’ in nature. Prime among them are a fall in exports because of a strengthening of the US dollar vis-à-vis o ...
... According to some, however, there are still grounds for optimism. One is the view that the factors responsible for driving down growth during the two quarters ending March 2015 were ‘temporary’ in nature. Prime among them are a fall in exports because of a strengthening of the US dollar vis-à-vis o ...
Colombia_en.pdf
... appreciate throughout 2011, albeit at varying rates. Foreign direct investment flows into Colombia were significant, especially for the oil and mining sectors, with accumulated growth to October 2011 of 54.2% compared with the same period in 2010. Export and portfolio investment inflows were up shar ...
... appreciate throughout 2011, albeit at varying rates. Foreign direct investment flows into Colombia were significant, especially for the oil and mining sectors, with accumulated growth to October 2011 of 54.2% compared with the same period in 2010. Export and portfolio investment inflows were up shar ...
WWS-561 / Week-3 / EAST ASIAN MIRACLE - WORLD BANK
... as a result of "good governance and policies" and lists out all the things which these economies did right as a policy prescription for other developing nations. The issue: 23 East Asian Economies (of which the most important are the High performing Asian Economies - HPAEs- Japan, Hong Kong, Korea, ...
... as a result of "good governance and policies" and lists out all the things which these economies did right as a policy prescription for other developing nations. The issue: 23 East Asian Economies (of which the most important are the High performing Asian Economies - HPAEs- Japan, Hong Kong, Korea, ...
CHINA UNDER EMBARGO UNTIL 07.00 GMT, WEDNESDAY, 6 AUGUST 2014
... Economic growth could slightly moderate this year ...
... Economic growth could slightly moderate this year ...
Economic analysis www.pwc.com/ke Transformation and
... In recognition of the high poverty levels in Kenya, where 46% of the population lives below the poverty line, the Cabinet Secretary focused on providing services to the low-income earners and access to credit. Financing of large social programmes such in education and health will also increase dispo ...
... In recognition of the high poverty levels in Kenya, where 46% of the population lives below the poverty line, the Cabinet Secretary focused on providing services to the low-income earners and access to credit. Financing of large social programmes such in education and health will also increase dispo ...
Lectures 3 & 4
... • and rate of national capital-output ratio (k). • GNP growth is positively related to the savings ratio and negatively related to the capital-output ...
... • and rate of national capital-output ratio (k). • GNP growth is positively related to the savings ratio and negatively related to the capital-output ...
Transformation in economics
Transformation in economics refers to a long-term change in dominant economic activity in terms of prevailing relative engagement or employment of able individuals.Human economic systems undergo a number of deviations and departures from the ""normal"" state, trend or development. Among them are Disturbance (short-term disruption, temporary disorder), Perturbation (persistent or repeated divergence, predicament, decline or crisis), Deformation (damage, regime change, loss of self-sustainability, distortion), Transformation (long-term change, restructuring, conversion, new “normal”) and Renewal (rebirth, transmutation, corso-ricorso, renaissance, new beginning).Transformation is a unidirectional and irreversible change in dominant human economic activity (economic sector). Such change is driven by slower or faster continuous improvement in sector productivity growth rate. Productivity growth itself is fueled by advances in technology, inflow of useful innovations, accumulated practical knowledge and experience, levels of education, viability of institutions, quality of decision making and organized human effort. Individual sector transformations are the outcomes of human socio-economic evolution.Human economic activity has so far undergone at least four fundamental transformations:From nomadic hunting and gathering (H/G) to localized agricultureFrom localized agriculture (A) to internationalized industryFrom international industry (I) to global servicesFrom global services (S) to public sector (including government, welfare and unemployment, GWU)This evolution naturally proceeds from securing necessary food, through producing useful things, to providing helpful services, both private and public (See H/G→A→I→S→GWU sequence in Fig. 1). Accelerating productivity growth rates speed up the transformations, from millennia, through centuries, to decades of the recent era. It is this acceleration which makes transformation relevant economic category of today, more fundamental in its impact than any recession, crisis or depression. The evolution of four forms of capital (Indicated in Fig. 1) accompanies all economic transformations.Transformation is quite different from accompanying cyclical recessions and crises, despite the similarity of manifested phenomena (unemployment, technology shifts, socio-political discontent, bankruptcies, etc.). However, the tools and interventions used to combat crisis are clearly ineffective for coping with non-cyclical transformations. The problem is whether we face a mere crisis or a fundamental transformation (globalization→relocalization).