• Study Resource
  • Explore Categories
    • Arts & Humanities
    • Business
    • Engineering & Technology
    • Foreign Language
    • History
    • Math
    • Science
    • Social Science

    Top subcategories

    • Advanced Math
    • Algebra
    • Basic Math
    • Calculus
    • Geometry
    • Linear Algebra
    • Pre-Algebra
    • Pre-Calculus
    • Statistics And Probability
    • Trigonometry
    • other →

    Top subcategories

    • Astronomy
    • Astrophysics
    • Biology
    • Chemistry
    • Earth Science
    • Environmental Science
    • Health Science
    • Physics
    • other →

    Top subcategories

    • Anthropology
    • Law
    • Political Science
    • Psychology
    • Sociology
    • other →

    Top subcategories

    • Accounting
    • Economics
    • Finance
    • Management
    • other →

    Top subcategories

    • Aerospace Engineering
    • Bioengineering
    • Chemical Engineering
    • Civil Engineering
    • Computer Science
    • Electrical Engineering
    • Industrial Engineering
    • Mechanical Engineering
    • Web Design
    • other →

    Top subcategories

    • Architecture
    • Communications
    • English
    • Gender Studies
    • Music
    • Performing Arts
    • Philosophy
    • Religious Studies
    • Writing
    • other →

    Top subcategories

    • Ancient History
    • European History
    • US History
    • World History
    • other →

    Top subcategories

    • Croatian
    • Czech
    • Finnish
    • Greek
    • Hindi
    • Japanese
    • Korean
    • Persian
    • Swedish
    • Turkish
    • other →
 
Profile Documents Logout
Upload
UK BUSINESS CONFIDENCE MONITOR Q1 2009 East England Summary Report
UK BUSINESS CONFIDENCE MONITOR Q1 2009 East England Summary Report

... for Surviving the Downturn’ a guide to help businesses plan survival strategies and activities which could help them in facing the current economic challenges. It provides businesses with practical help and topics to discuss within their management teams as well as with their advisors. The findings ...
Economic Dualism - Central Bank of Nigeria
Economic Dualism - Central Bank of Nigeria

... Indonesian economy and society, the traditional and modern economic sectors. The bulk of dual economies are found in developing and less developed countries. In these economies, a sector focuses on domestic needs and the other on the world export market. It is not out of place for dual economies to ...
Wage led
Wage led

... • While a country may be under a profit-led demand regime when looking at the total effect of an increase in the wage share, a simultaneous increase in the wage share of all countries may still have a positive effect on the aggregate demand of a profit-led country if its domestic demand is wage-led. ...
Présentation PowerPoint - McGraw Hill Higher Education
Présentation PowerPoint - McGraw Hill Higher Education

... that exists when the economy is at full employment. o Structural unemployment: Long-term unemployment that arises because of a lack of matching between the skills of workers and the needs of employers. o Discouraged workers: Individuals who have been in the labour force, could not find employment an ...
International Business Chapter 4 The Economic Environments
International Business Chapter 4 The Economic Environments

... 25) Gross national income (GNI), the broadest measure of economic activity for a country, is defined as the ________. A) total of all consumption and investment that takes place in a national economy B) income generated in one country, regardless of who owns the productive assets C) total of all eco ...
The Long View How will the global economic order change
The Long View How will the global economic order change

... Businesses need to adopt flexible, dynamic and patient strategies to navigate these rapidly evolving and maturing emerging markets Emerging market development will create many opportunities for business. These will arise as these economies progress into new industries, engage with world markets and ...
GROWTH, STRUCTURAL CHANGE AND PLANTATION TREE
GROWTH, STRUCTURAL CHANGE AND PLANTATION TREE

... The tree crop is first planted on estates, but is soon taken up by smallholders. It has the key trait of being easily grown, involving simple planting of seeds under relatively unskilled land and labourintensive husbandry. The world market provides what Myint (1958) terms a “vent” for surplus produc ...
reply-to-harvey - Michael Roberts Blog
reply-to-harvey - Michael Roberts Blog

... DH contends that Marx’s LTRPF is ‘contingent’. This could mean that it must be tested in reality. In that sense, every law is contingent. You start with some realistic assumptions, that are contingent, but then the law leads logically to a result that can be tested in reality and may also lead to p ...
DEPARTMENT OF ECONOMICS
DEPARTMENT OF ECONOMICS

Financialisation and the financial and economic crises: Theoretical
Financialisation and the financial and economic crises: Theoretical

... This paper provides an overview of the effects of financialisation on the macro-economy and of the financial and economic crises for 15 countries. 1 As is well known, the succession of crises started in 2007 as a financial crisis, then became the Great Recession in 2008/09, which was followed by the ...
`Limits to growth` and
`Limits to growth` and

... The ecologists’ concern was with the physical limits to economic growth. Mishan’s focus is on the limits to social welfare that can be derived from growth. Hirsch (1976, p. 4) adds to the picture by postulating social limits to growth, distancing himself from the ecologists’ critique with the words: ...
Growth, Productivity, and Income - Peterson Institute for International
Growth, Productivity, and Income - Peterson Institute for International

... the economic performance of the Arab nations in terms of their income in purchasing power units relative to that of the advanced industrial countries of the Organization for Economic Cooperation and Development (OECD) and then analyze the change in absolute living standards over time within the Ara ...
Federal Reserve Bank of New York Staff Reports
Federal Reserve Bank of New York Staff Reports

... 5. Though large enough to look like a modest recession, these model-calibrated output declines are only on the order of one-tenth the magnitude of the actual declines that occurred during the Great Depression. Since this paper appeared in print, some new tools for business cycle analysis have emerge ...
PDF Download
PDF Download

... Near East: Economic climate improved slightly The overall assessment of the current economic situation in the Near East remained close to the satisfactory level. By far the best economic performance is shown by the United Arab Emirates, followed by Saudi Arabia where the outlook for the coming six m ...
PDF
PDF

... engine for growth was 30.89 percent in 1980-81 and it went down to about 18.59 percent in 2009-2010 (BBS, 2010). Like any other developing economies, the growing economic importance of the manufacturing sector (as the contribution of this sector increased from 13.37 to 17.89 percent of the respectiv ...
Capital Accumulation and International Trade
Capital Accumulation and International Trade

Should developing countries constrain resource
Should developing countries constrain resource

... consumption. It further allows for population growth, investment frictions and technical change. The model is calibrated to the Ugandan economy. Perhaps surprisingly, we find that from a consumption smoothing perspective, a shift from a spend-as-you-go scheme to using an oil fund along with a fairly ...
Survey on the implementation of the SNA – 2012
Survey on the implementation of the SNA – 2012

... Please note that we are inquiring about the national accounts and supporting economic statistics in the country in general and not necessarily those that are compiled and/or disseminated by your office. Therefore, you might like to contact your counterparts in the central bank, other economic policy ...
Download, PDF, 321 KB
Download, PDF, 321 KB

... should we not expect them to specialize according to their comparative advantages? We argue that both facts can be understood in a standard model of industrialization in which di¤erences in the income elasticity of demand across sectors and relative productivities are present and active. The key di¤ ...
SACE 2 Economics Key Ideas Texbook 4th
SACE 2 Economics Key Ideas Texbook 4th

... goods and services. Some wants are for essential goods and services but some we don’t even know we want until we see them! Wants are unlimited. Once we have satisfied basic wants, others present themselves. Some change with fashion, others are habitual and still others are recurrent, such as the dai ...
A constructive critique of the Levy Sectoral Financial
A constructive critique of the Levy Sectoral Financial

PDF
PDF

... massive program of education. According to Schmidt (2003), the resources allocated to this program have represented on average 21% of the South Africa's national budget or 7% of its GDP for the period 1995-2001. The size of this share has made education the largest single item in the national budget ...
Theses on Financialisation and the Ambivalence of Capitalist Growth
Theses on Financialisation and the Ambivalence of Capitalist Growth

... in response to them. First, there is a social-ethical critique that targets the culture of consumerism in the affluent societies of Western Europe and North America. It decries the vacuity of a life filled by an endless stream of material goods and the banal materialism this engenders. In this conte ...
PDF
PDF

... Under these circumstances, they argued that the best actions governments can undertake to promote development is to minimize their economic roles. Liberalizing domestic and international markets for both factors and products is the prescription of choice. Acts to promote the spread of markets and th ...
Output Gaps: Uses and Limitations
Output Gaps: Uses and Limitations

< 1 ... 119 120 121 122 123 124 125 126 127 ... 547 >

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).
  • studyres.com © 2026
  • DMCA
  • Privacy
  • Terms
  • Report