The measurement of macroeconomic performance
... Employment and Unemployment Unemployment has a huge opportunity cost in that it represents a waste of scarce resources as output lost can never be recovered. It has negative effects on the unemployed themselves, their families, the locality and the wider economy as a whole: Unemployment has adver ...
... Employment and Unemployment Unemployment has a huge opportunity cost in that it represents a waste of scarce resources as output lost can never be recovered. It has negative effects on the unemployed themselves, their families, the locality and the wider economy as a whole: Unemployment has adver ...
AIA Update - Civil Aviation Authority of New Zealand
... Total Revenue $53m - $38m domestic,$15m international Employees 700 Revenue per employee 76,429 – least highest revenue earning sector per employee Potential to grow conservative scenario – by 2015 contribution $73m…we think this can be accelerated by….. ...
... Total Revenue $53m - $38m domestic,$15m international Employees 700 Revenue per employee 76,429 – least highest revenue earning sector per employee Potential to grow conservative scenario – by 2015 contribution $73m…we think this can be accelerated by….. ...
Trinidad_and_Tobago_en.pdf
... According to provisional estimates, Trinidad and Tobago’s real GDP will shrink by 1.4% in 2011, in what will be the third consecutive year of decline (although 2010 GDP growth is reported as 0.0%, it was, in fact, slightly negative at 0.023%). A downturn in crude oil and natural gas production, due ...
... According to provisional estimates, Trinidad and Tobago’s real GDP will shrink by 1.4% in 2011, in what will be the third consecutive year of decline (although 2010 GDP growth is reported as 0.0%, it was, in fact, slightly negative at 0.023%). A downturn in crude oil and natural gas production, due ...
Chapter 2.1Notes
... Structural – new technology replaces workers, requiring new skills or companies merge and eliminate jobs Cyclical – the entire economy slows down Try finding our current unemployment rate ...
... Structural – new technology replaces workers, requiring new skills or companies merge and eliminate jobs Cyclical – the entire economy slows down Try finding our current unemployment rate ...
2010 -Russia casestudy
... Transition to a Market • The low level of efficiency of Russia’s economy greatly affected the nation’s living conditions. By the end of 1991 the consumer goods market could not function. • For example, to buy a television set, a washing machine, a car or a carpet the people had to wait their turn f ...
... Transition to a Market • The low level of efficiency of Russia’s economy greatly affected the nation’s living conditions. By the end of 1991 the consumer goods market could not function. • For example, to buy a television set, a washing machine, a car or a carpet the people had to wait their turn f ...
Development Vocab Matching
... 2. Periphery: lover levels of education, , lower salaries, less technologies. 3. Semi-periphery: places were both core and periphery processes are taking place simultaneously. The periphery is exploited by the core but exploits the periphery. ...
... 2. Periphery: lover levels of education, , lower salaries, less technologies. 3. Semi-periphery: places were both core and periphery processes are taking place simultaneously. The periphery is exploited by the core but exploits the periphery. ...
Egypt representatives
... products oils and fats. The agro-industry has boomed with an annual growth rate over 34% in recent years. Deficiencies in neighboring nations’ food industries have created strong business opportunities for both national and foreign companies operating in Egypt. ...
... products oils and fats. The agro-industry has boomed with an annual growth rate over 34% in recent years. Deficiencies in neighboring nations’ food industries have created strong business opportunities for both national and foreign companies operating in Egypt. ...
Economics considerations for new and existing businesses
... 1. The interest rate effects consumer demand for goods bought on credit like cars or houses. 2. Affects operating costs for a business. It therefore makes running a bank loan or credit card or overdraft more expensive. This will lower profit or lead to firms increasing prices. 3. If there is e ...
... 1. The interest rate effects consumer demand for goods bought on credit like cars or houses. 2. Affects operating costs for a business. It therefore makes running a bank loan or credit card or overdraft more expensive. This will lower profit or lead to firms increasing prices. 3. If there is e ...
Defining Terrorism The History of Terrorism as a Strategy
... • Not all Muslims are Arabs • Not all Arabs are Muslims • Many states have substantial indigenous, or imported, minorities ...
... • Not all Muslims are Arabs • Not all Arabs are Muslims • Many states have substantial indigenous, or imported, minorities ...
FRBSF L CONOMIC
... output has been expanding and private employers have added jobs every month for over two years. The unemployment rate has fallen from a cyclical high of 10% to its June reading of 8.2%. However, that rate is still much too high, and economic growth is far short of what’s needed to keep bringing it d ...
... output has been expanding and private employers have added jobs every month for over two years. The unemployment rate has fallen from a cyclical high of 10% to its June reading of 8.2%. However, that rate is still much too high, and economic growth is far short of what’s needed to keep bringing it d ...
Class 3
... is, the less capital contributes to increasing production. As a result capital accumulation becomes more and more difficult. Growth in the long run is possible only if there is an exogenous trend due to technological progress. ...
... is, the less capital contributes to increasing production. As a result capital accumulation becomes more and more difficult. Growth in the long run is possible only if there is an exogenous trend due to technological progress. ...
Industrial transition model Case Slovakia
... Ministry of economy prepares and implements industrial policy. In 90’s it used old methods of the work, so industrial policy did not bring changes in economy structure. Industrial policy was isolated part of economy policy. There was a direct support to the large noncompetitive companies, protection ...
... Ministry of economy prepares and implements industrial policy. In 90’s it used old methods of the work, so industrial policy did not bring changes in economy structure. Industrial policy was isolated part of economy policy. There was a direct support to the large noncompetitive companies, protection ...
Dominican_Republic_en.pdf
... Year-on-year inflation is projected to close 2011 at 8%. Annual inflation for 2012 is likely to be about 5% following an expected drop in international commodity prices associated with a global economic slowdown. Almost 120,000 jobs were created (mainly in the commerce sector) during the first half ...
... Year-on-year inflation is projected to close 2011 at 8%. Annual inflation for 2012 is likely to be about 5% following an expected drop in international commodity prices associated with a global economic slowdown. Almost 120,000 jobs were created (mainly in the commerce sector) during the first half ...
Chapter 24
... For a country’s long-run growth, education is at least as important as investment in physical capital. Human Capital In the United States, each year of schooling raises a person’s wage on average by about 10 percent. Thus, one way the government can enhance the standard of living is to provide s ...
... For a country’s long-run growth, education is at least as important as investment in physical capital. Human Capital In the United States, each year of schooling raises a person’s wage on average by about 10 percent. Thus, one way the government can enhance the standard of living is to provide s ...
Bank of England Inflation Report November 2010
... (a) Total employment change is Q2 to Q2. Public sector employment changes are June to June. The private sector change is defined as the difference between the whole economy and the public sector changes. The dates on the chart show the year that the change in employment is from, for example, 1999 re ...
... (a) Total employment change is Q2 to Q2. Public sector employment changes are June to June. The private sector change is defined as the difference between the whole economy and the public sector changes. The dates on the chart show the year that the change in employment is from, for example, 1999 re ...
Eastern Caribbean Currency Union_en.pdf
... 2014, relative to the previous year. However, the preliminary data suggest that the performance of the manufacturing sector has been on the decline. Rum and soap production in Grenada fell by more than 25% and 15%, respectively. However, there was a marginal improvement in the performance of the agr ...
... 2014, relative to the previous year. However, the preliminary data suggest that the performance of the manufacturing sector has been on the decline. Rum and soap production in Grenada fell by more than 25% and 15%, respectively. However, there was a marginal improvement in the performance of the agr ...
Sections 6-10
... • Failed to understand the endogeneity of industrial structure to the endowment structure, socialist economies as well developing countries attempted to build up large-scale, modern industries which were too far advanced compared to their countries’ level of development. • The firms were non-viable ...
... • Failed to understand the endogeneity of industrial structure to the endowment structure, socialist economies as well developing countries attempted to build up large-scale, modern industries which were too far advanced compared to their countries’ level of development. • The firms were non-viable ...
letter to the Chancellor
... However, any recovery (we will not know until next month whether Scotland has indeed followed the UK out of recession) is likely to prolonged and very fragile. Output and employment are unlikely to return to pre-crisis levels until at least the middle part of this decade. It is entirely feasible tha ...
... However, any recovery (we will not know until next month whether Scotland has indeed followed the UK out of recession) is likely to prolonged and very fragile. Output and employment are unlikely to return to pre-crisis levels until at least the middle part of this decade. It is entirely feasible tha ...
Bahamas_en.pdf
... Growth in the Bahamian economy slowed in 2013 to 0.7%, down from 1.0% in 2012, dampened by a decline in stopover tourism, a high value added sector. This decline was offset by relatively dynamic growth in resort construction, an activity heavily dependent on foreign direct investment, and buoyant ac ...
... Growth in the Bahamian economy slowed in 2013 to 0.7%, down from 1.0% in 2012, dampened by a decline in stopover tourism, a high value added sector. This decline was offset by relatively dynamic growth in resort construction, an activity heavily dependent on foreign direct investment, and buoyant ac ...
PRESENTATION AT THE HOODING
... before graduation cannot be over emphasized. We will observe that during recession, youths are the last to be employed (due to lack of experience) and the first to be fired on the basis of last in and first out principle. ...
... before graduation cannot be over emphasized. We will observe that during recession, youths are the last to be employed (due to lack of experience) and the first to be fired on the basis of last in and first out principle. ...
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).