The Changing Structure of the Nigerian Economy
... fiscal deficits. Improved competitiveness is a prerequisite for benefiting from the ongoing globalization process especially in the areas of trade, finance and investment. This will require the innovativeness of and the existence of a conducive environment for the increased inflow of foreign direct ...
... fiscal deficits. Improved competitiveness is a prerequisite for benefiting from the ongoing globalization process especially in the areas of trade, finance and investment. This will require the innovativeness of and the existence of a conducive environment for the increased inflow of foreign direct ...
China data: Making the numbers add up - FT.com
... The likelihood that the growth rate is subject to manipulation reflects institutional weakness, notably the lack of independence of the NBS. But it also results from an analytical failing by those who assess China and other economies. If the emphasis on this single number were not so excessive, the ...
... The likelihood that the growth rate is subject to manipulation reflects institutional weakness, notably the lack of independence of the NBS. But it also results from an analytical failing by those who assess China and other economies. If the emphasis on this single number were not so excessive, the ...
FREE Sample Here
... 2-4. Why is the economic concept of scarcity a crucial concept for businesspeople to understand? The economic concept of scarcity is a crucial concept for businesspeople to understand because scarcity creates competition for resources and forces tradeoffs on the part of every participant in the econ ...
... 2-4. Why is the economic concept of scarcity a crucial concept for businesspeople to understand? The economic concept of scarcity is a crucial concept for businesspeople to understand because scarcity creates competition for resources and forces tradeoffs on the part of every participant in the econ ...
Slide 1
... to 4 year period, that implies 2500 to 3000 fewer jobs or an annual impact of about a 1000 jobs. • It continues to represents a head wind on local job growth ...
... to 4 year period, that implies 2500 to 3000 fewer jobs or an annual impact of about a 1000 jobs. • It continues to represents a head wind on local job growth ...
LSE-Pelagidis-pp-presentation-11-03-14
... Following the data analysis, one can formulate the following main proposals for Greece: (details in the book…) • In Greece there is an existing research capacity along with a noteworthy physical infrastructure. • The breadth of the value chain is important. • Financing for innovative projects is a ...
... Following the data analysis, one can formulate the following main proposals for Greece: (details in the book…) • In Greece there is an existing research capacity along with a noteworthy physical infrastructure. • The breadth of the value chain is important. • Financing for innovative projects is a ...
Fiscal policy - Virginia Community College System
... spending upward and contributed substantially to the large deficits of the decade. • During the 1990s, defense cuts retarded the growth of federal spending and thereby helped shift the budget to surplus. ...
... spending upward and contributed substantially to the large deficits of the decade. • During the 1990s, defense cuts retarded the growth of federal spending and thereby helped shift the budget to surplus. ...
lesson one
... month or a year the goods and services they could have produced during that period are lost forever. That means that countries with high unemployment rates are wasting some of their most important scarce resources. In market economies, however, not all unemployment is undesirable because workers are ...
... month or a year the goods and services they could have produced during that period are lost forever. That means that countries with high unemployment rates are wasting some of their most important scarce resources. In market economies, however, not all unemployment is undesirable because workers are ...
Cosatu growth path a..
... Rather than “exploring” tools, the NGP document should outline the policy tools that should be used to achieve the goals of macroeconomic policy e.g. concrete proposals on progressive taxation, regulation of short-term capital flows, foreign exchange controls, public procurement, etc. all geared to ...
... Rather than “exploring” tools, the NGP document should outline the policy tools that should be used to achieve the goals of macroeconomic policy e.g. concrete proposals on progressive taxation, regulation of short-term capital flows, foreign exchange controls, public procurement, etc. all geared to ...
How the Intelligent Non-Economist can Refute Every Economist
... of dissaving, that is, of the growth of household sector’s debt. This is the most elementary form of the Profit Law. It follows directly from the profit definition Qm = C −Ym and the definition of household sector saving Sm = YW −C. As always, the sector balances add up to zero, i.e. Qm + Sm = 0. N ...
... of dissaving, that is, of the growth of household sector’s debt. This is the most elementary form of the Profit Law. It follows directly from the profit definition Qm = C −Ym and the definition of household sector saving Sm = YW −C. As always, the sector balances add up to zero, i.e. Qm + Sm = 0. N ...
Global or Local Imbalance? Rohit January 25, 2010
... the US is witnessing one of the worst instabilities in a long time, it does not seem so clear for China. Let us analyse these growth paths separately and see how they have and could pan out in the future. 1.3.1 Capitalists’ consumption-led growth We just saw that one of the routes left for the growt ...
... the US is witnessing one of the worst instabilities in a long time, it does not seem so clear for China. Let us analyse these growth paths separately and see how they have and could pan out in the future. 1.3.1 Capitalists’ consumption-led growth We just saw that one of the routes left for the growt ...
Why Natural Resources Are Not Always a Good
... labor, land, and capital – think manufacturing. And to some analysts that’s the end of the story: diversification out of primary commodities into manufacturing is generally viewed self-evidently necessary for long term growth. That’s surely the conventional wisdom, but is industrialization really an ...
... labor, land, and capital – think manufacturing. And to some analysts that’s the end of the story: diversification out of primary commodities into manufacturing is generally viewed self-evidently necessary for long term growth. That’s surely the conventional wisdom, but is industrialization really an ...
References
... 2011’s percentage figure of 3.2. Real economic growth is the rate of GDP growth with respect to the prevailing price level of goods and services. It is usually lower than the GDP, a reason why GDP estimate for the country stands as 3.7 percent against 3.5 percent in real economic growth. Al Suwaidi ...
... 2011’s percentage figure of 3.2. Real economic growth is the rate of GDP growth with respect to the prevailing price level of goods and services. It is usually lower than the GDP, a reason why GDP estimate for the country stands as 3.7 percent against 3.5 percent in real economic growth. Al Suwaidi ...
Highlights of the 2015 Budget
... was not undermined to maintain a sound business and economic environment. The provisional results deviate from the expected targets as can be seen from Table 1. ...
... was not undermined to maintain a sound business and economic environment. The provisional results deviate from the expected targets as can be seen from Table 1. ...
Launch of Manufacturing Indaba to Boost SA`s Manufacturing Sector
... Formed in 2008, the Manufacturing Circle interacts with government and other stakeholders in order to review debate and help formulate policies which will have a positive impact on South Africa’s manufacturing base. The Manufacturing Circle is made up of a number of South Africa’s leading medium to ...
... Formed in 2008, the Manufacturing Circle interacts with government and other stakeholders in order to review debate and help formulate policies which will have a positive impact on South Africa’s manufacturing base. The Manufacturing Circle is made up of a number of South Africa’s leading medium to ...
Bank ownership and stability: Evidence from Germany
... that Bank of America bought Merrill Lynch; it was about six months ago that the TARP funds started being distributed. The economy was doing fairly poorly in much of 2008, and then fell off a cliff in the last quarter of 2008 and into 2009, shrinking at a 6 percent annual rate—an extraordinary drop i ...
... that Bank of America bought Merrill Lynch; it was about six months ago that the TARP funds started being distributed. The economy was doing fairly poorly in much of 2008, and then fell off a cliff in the last quarter of 2008 and into 2009, shrinking at a 6 percent annual rate—an extraordinary drop i ...
g - University of Ottawa
... this system is zero; • and because its trace, is always negative. • The amended new consensus model displays a continuum of equilibria. The model is said to contain a zero root. ...
... this system is zero; • and because its trace, is always negative. • The amended new consensus model displays a continuum of equilibria. The model is said to contain a zero root. ...
ADOFrION AND GROWIH Robert King Ross Levine Working Paper No. 4681
... preferences that we adopted and of three peculiar features of the economy's technology: (i) there is only one factor that can be accumulated (Ar); (ii) the and (iii) the technology used to production function is linear in this factor increase the level of A1 coincides with the technology to produce ...
... preferences that we adopted and of three peculiar features of the economy's technology: (i) there is only one factor that can be accumulated (Ar); (ii) the and (iii) the technology used to production function is linear in this factor increase the level of A1 coincides with the technology to produce ...
Press Release
... Output, new orders and new export business in the Taiwanese manufacturing sector all continued to expand over the month, albeit at weaker rates than in August. Consequently, payroll growth eased to a modest pace, while backlogs of work rose at the slowest rate since June. South Korean manufacturing ...
... Output, new orders and new export business in the Taiwanese manufacturing sector all continued to expand over the month, albeit at weaker rates than in August. Consequently, payroll growth eased to a modest pace, while backlogs of work rose at the slowest rate since June. South Korean manufacturing ...
Globalization and its effects on developing world
... company, which is based in China and started by ...
... company, which is based in China and started by ...
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).