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Economic Overview: Recent developments in the global and
Economic Overview: Recent developments in the global and

Non-Agricultural Trade and Poverty Reduction
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... washing, and trading  More than 150,000 households benefitted  Even now some 60,000 people getting jobs  Backward linkage would have substantially contributed to generate more jobs ...
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... made between the impulse of the shock (its origin, its magnitude, its own temporal and statistical characteristics) and its propagation onto the economy, • Very much like we distinguish between the stick that hits a rocking horse (its intensity, etc…) and the subsequent movement of the horse. ...
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... remains in check. Despite all this, I expect the economic expansion to gain momentum this year and over the next few years. In fact, I am cautiously hopeful that we could be at a point where the economy really starts to shake off its doldrums. The improvement partly reflects the effects of Fed mone ...
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... E. raise; above; increase the natural unemployment rate ...
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Global Economy - Georgia State University

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Washington Consensus - Columbia University

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macro review - WordPress.com
macro review - WordPress.com

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... the least since 2009. Risk lowered also year-on-year (7.2 % at the end of 2013, falling down from its half year). The proportion of non-performing loans of nonfinancial businesses does not need to present a problem with respect to the relatively good condition of the Czech economy, accumulated profi ...
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... in recent years. Reflecting problems in the mortgage markets in 2007, owner-occupied housing increased just 4.2 percent, down from its long term average of 7.0 ­percent. With recent increases in fuel prices and other factors, airline transportation increased only 2.2 percent in 2007, down from its l ...
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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).
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