china: hyper-development and environmental crisis
... In the cities and industrial enterprises, the means of production were mostly owned by ‘all the people’, i.e. the state. The phrase ‘iron rice bowl’ was used to describe the industrial employment system and its associated benefits. Wages were quite low. But workers enjoyed lifetime employment, guaran ...
... In the cities and industrial enterprises, the means of production were mostly owned by ‘all the people’, i.e. the state. The phrase ‘iron rice bowl’ was used to describe the industrial employment system and its associated benefits. Wages were quite low. But workers enjoyed lifetime employment, guaran ...
Measuring the Nation`s Output & Income
... NX = Net Exports (Exports – Imports) Generally a negative # ...
... NX = Net Exports (Exports – Imports) Generally a negative # ...
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... Key words: Economic growth, panel regression, unit root test, South-East European countries. Abstract: The objective of this paper is to reveal the main determinants of the economic growth in South-East European countries. We perform a panel data analysis for 7 countries with similar economic surrou ...
... Key words: Economic growth, panel regression, unit root test, South-East European countries. Abstract: The objective of this paper is to reveal the main determinants of the economic growth in South-East European countries. We perform a panel data analysis for 7 countries with similar economic surrou ...
MCB Focus 67_Economic Update
... While signs of global recovery are, at first sight, encouraging for the Mauritian economy, this does not imply that we are already out of the woods. In its Global Economic Prospects of January last, the World Bank mentioned that there is substantial uncertainty around global growth projections inter ...
... While signs of global recovery are, at first sight, encouraging for the Mauritian economy, this does not imply that we are already out of the woods. In its Global Economic Prospects of January last, the World Bank mentioned that there is substantial uncertainty around global growth projections inter ...
NBER WORKING PAPER SERIES TODAY Martin S. Feldstein
... This paper comments on the experience of the U.S. economy in the 1930s, its lessons for managing the current economic downturn, and the relation of U.S. economic conditions to our future national security. Some of the conclusions are: (1) Although the current recession will be long and very damaging ...
... This paper comments on the experience of the U.S. economy in the 1930s, its lessons for managing the current economic downturn, and the relation of U.S. economic conditions to our future national security. Some of the conclusions are: (1) Although the current recession will be long and very damaging ...
Mexican Economy facing the international crisis
... and 1996, included the sale of large firms with strong market power. In total, it involved ...
... and 1996, included the sale of large firms with strong market power. In total, it involved ...
Chapter 8 - Porterville College Home
... 1. Define economic growth and explain it using the production possibilities model and the concept of potential output. 2. State the rule of 72 and use it to show how even small differences in growth rates can have major effects on a country’s potential output over time. 3. Calculate the percentage r ...
... 1. Define economic growth and explain it using the production possibilities model and the concept of potential output. 2. State the rule of 72 and use it to show how even small differences in growth rates can have major effects on a country’s potential output over time. 3. Calculate the percentage r ...
Why-nominal-gdp-matters
... Business people, traders, banks and many others pay attention to GDP releases, and rightly so. Following GDP data is among the best ways of getting a quick, no-nonsense read on the economy's recent state and forward momentum. This said, the figure most people focus on, and the only figure the financ ...
... Business people, traders, banks and many others pay attention to GDP releases, and rightly so. Following GDP data is among the best ways of getting a quick, no-nonsense read on the economy's recent state and forward momentum. This said, the figure most people focus on, and the only figure the financ ...
Engaging in Small-Scale Enterprise in South Africa
... (administratively) they cannot afford to pay them a minimum wage which results in defrauding them by their own members. To avoid this, support of small-scale enterprises guarantees success of the cooperatives idea. The more small-scale enterprises increase in their numbers the more we see products ...
... (administratively) they cannot afford to pay them a minimum wage which results in defrauding them by their own members. To avoid this, support of small-scale enterprises guarantees success of the cooperatives idea. The more small-scale enterprises increase in their numbers the more we see products ...
Eco120Int_Lecture1
... Balance of payments •Current account of a country’s international transaction refers to the record of receipts from the sale of goods and services to foreigners (exports), the payments for goods and services bought from foreigners (imports), and also property income (such as interest and profits) a ...
... Balance of payments •Current account of a country’s international transaction refers to the record of receipts from the sale of goods and services to foreigners (exports), the payments for goods and services bought from foreigners (imports), and also property income (such as interest and profits) a ...
Economic environment - World Trade Organization
... to have declined since the present Government came to power in late 2003.6 Reform measures and the targeting of several high-profile businessmen on charges of corruption and tax evasion may have spurred enterprises to start paying taxes and enter the formal economy. The authorities maintain that alt ...
... to have declined since the present Government came to power in late 2003.6 Reform measures and the targeting of several high-profile businessmen on charges of corruption and tax evasion may have spurred enterprises to start paying taxes and enter the formal economy. The authorities maintain that alt ...
price inflation and gdp growth-what matters most
... Tracking Egypt and India’s price inflation trends, Egypt has experienced short bursts of high inflation, but India had acceptable rates during the first 5 years (ranged from 3.8% to 4.2%). A low or moderate inflation for long periods provides a favorable environment for growth. The duration of keepi ...
... Tracking Egypt and India’s price inflation trends, Egypt has experienced short bursts of high inflation, but India had acceptable rates during the first 5 years (ranged from 3.8% to 4.2%). A low or moderate inflation for long periods provides a favorable environment for growth. The duration of keepi ...
Having good notes is not enough
... Here are two student answers that got 4 out of 4 points: 4 point answer #1: Economic growth is a permanent or sustained growth a real production per capita. Economic growth was primarily fueled by the introduction of new technology in investments in physical in human capital. On the secondary level, ...
... Here are two student answers that got 4 out of 4 points: 4 point answer #1: Economic growth is a permanent or sustained growth a real production per capita. Economic growth was primarily fueled by the introduction of new technology in investments in physical in human capital. On the secondary level, ...
UNIT 5 Assigment Marco 201
... Course Econ 201 Macroeconomics Text Principles of Macroeconomics Instructor Steve Scheer December 6, 2002 Unit 5 ...
... Course Econ 201 Macroeconomics Text Principles of Macroeconomics Instructor Steve Scheer December 6, 2002 Unit 5 ...
Singapore`s GDP Grew by 2.2 Per Cent in the Second Quarter of 2016
... the first two months of the quarter (i.e. April and May 2016). They are intended as an early indication of the GDP growth in the quarter, and are subject to revision when more comprehensive data become available. ...
... the first two months of the quarter (i.e. April and May 2016). They are intended as an early indication of the GDP growth in the quarter, and are subject to revision when more comprehensive data become available. ...
M01_ABEL4987_7E_IM_C01
... c. In equilibrium, productivity improvement increases the capital-labor ratio, output per worker, and consumption per worker (1) Productivity improvement directly improves the amount that can be produced at any capital-labor ratio (2) The increase in output per worker increases the supply of saving ...
... c. In equilibrium, productivity improvement increases the capital-labor ratio, output per worker, and consumption per worker (1) Productivity improvement directly improves the amount that can be produced at any capital-labor ratio (2) The increase in output per worker increases the supply of saving ...
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... share of gross domestic product (GDP) declined at about the same rate in Japan, the European Union, and the United States. ...
... share of gross domestic product (GDP) declined at about the same rate in Japan, the European Union, and the United States. ...
Chinese economic reform
The Chinese economic reform (simplified Chinese: 改革开放; traditional Chinese: 改革開放; pinyin: Gǎigé kāifàng; literally: ""Reform & Opening up"") refers to the program of economic reforms called ""Socialism with Chinese characteristics"" in the People's Republic of China (PRC) that was started in December 1978 by reformists within the Communist Party of China (CPC) led by Deng Xiaoping.China had one of the world's largest and most advanced economies prior to the nineteenth century. In the 18th century, Adam Smith claimed China had long been one of the richest, that is, one of the most fertile, best cultivated, most industrious, most prosperous and most urbanized countries in the world. The economy stagnated since the 16th century and even declined in absolute terms in the nineteenth and much of the twentieth century, with a brief recovery in the 1930s.Economic reforms introducing market principles began in 1978 and were carried out in two stages. The first stage, in the late 1970s and early 1980s, involved the decollectivization of agriculture, the opening up of the country to foreign investment, and permission for entrepreneurs to start businesses. However, most industry remained state-owned. The second stage of reform, in the late 1980s and 1990s, involved the privatization and contracting out of much state-owned industry and the lifting of price controls, protectionist policies, and regulations, although state monopolies in sectors such as banking and petroleum remained. The private sector grew remarkably, accounting for as much as 70 percent of China gross domestic product by 2005. From 1978 until 2013, unprecedented growth occurred, with the economy increasing by 9.5% a year. The conservative Hu-Wen Administration more heavily regulated and controlled the economy after 2005, reversing some reforms.The success of China's economic policies and the manner of their implementation has resulted in immense changes in Chinese society. Large-scale government planning programs alongside market characteristics have minimized poverty, while incomes and income inequality have increased, leading to a backlash led by the New Left. In the academic scene, scholars have debated the reason for the success of the Chinese ""dual-track"" economy, and have compared them to attempts to reform socialism in the East Bloc and the Soviet Union, and the growth of other developing economies.