Jamaica_en.pdf
... the decline of 2.7% the previous year. Among the many reasons were the lacklustre economic growth among Jamaica’s trading partners, especially the United States, weak domestic demand, and uncertainty among the private sector in terms of areas of investment. In addition, employment fell in some secto ...
... the decline of 2.7% the previous year. Among the many reasons were the lacklustre economic growth among Jamaica’s trading partners, especially the United States, weak domestic demand, and uncertainty among the private sector in terms of areas of investment. In addition, employment fell in some secto ...
Presentation - Economic Commission for Africa
... Export-led regimes in East Asian countries led to education being geared to enhance firms’competitiveness and transfer of technology. The role of the State that ensured educational investment was linked to the overall vision of structural transformation. ...
... Export-led regimes in East Asian countries led to education being geared to enhance firms’competitiveness and transfer of technology. The role of the State that ensured educational investment was linked to the overall vision of structural transformation. ...
1149067Factors of Production
... • Capital Goods are manufactured goods used to make other goods and services. • Examples: machines, buildings and tools ...
... • Capital Goods are manufactured goods used to make other goods and services. • Examples: machines, buildings and tools ...
PowerPoint Template
... • not much “Wal-Mart effect” in Israel 2. Gov. supports mostly product rather than process innovations; hence little R&D in traditional industries, services. 3. VC-backed startups: must exit, mostly by selling off to US-based corporations – who benefits? ...
... • not much “Wal-Mart effect” in Israel 2. Gov. supports mostly product rather than process innovations; hence little R&D in traditional industries, services. 3. VC-backed startups: must exit, mostly by selling off to US-based corporations – who benefits? ...
Slide 1
... • Civil service reform –structure and incentives to attract talent – Monetized salaries, merit based promotions, and easy entry & exit ...
... • Civil service reform –structure and incentives to attract talent – Monetized salaries, merit based promotions, and easy entry & exit ...
LECTURE 1 INTRODUCTION
... Unemployment rate – reflects the percentage of unemployed in the labor force ...
... Unemployment rate – reflects the percentage of unemployed in the labor force ...
Guyana_en.pdf
... emergency fund was used to pay CLICO Guyana policyholders since the company had been declared insolvent. ...
... emergency fund was used to pay CLICO Guyana policyholders since the company had been declared insolvent. ...
Chapter12
... produce goods and services. Richer countries have more automobiles, more telephones, more televisions, better nutrition, safer housing, better health care, and longer life expectancy. Within every country there are large changes in the standard of living over time. In Canada over the past century, ...
... produce goods and services. Richer countries have more automobiles, more telephones, more televisions, better nutrition, safer housing, better health care, and longer life expectancy. Within every country there are large changes in the standard of living over time. In Canada over the past century, ...
From the 50s to 2000 – the changing face of the US economy
... The nation's gross national product rose from about $200,000 million in 1940 to $300,000 million in 1950 and to more than $500,000 million in 1960 At the same time, the jump in postwar births, known as the "baby boom," increased the number of consumers ...
... The nation's gross national product rose from about $200,000 million in 1940 to $300,000 million in 1950 and to more than $500,000 million in 1960 At the same time, the jump in postwar births, known as the "baby boom," increased the number of consumers ...
Notes in PDF format - University of Wyoming
... Growth rates depend on Productivity (the quantity of goods and services that a worker can produce for each hour of work). Productivity depends on the Factors of Production available, as well as their quality. Government policies can help or hinder economic growth by impacting the factors of producti ...
... Growth rates depend on Productivity (the quantity of goods and services that a worker can produce for each hour of work). Productivity depends on the Factors of Production available, as well as their quality. Government policies can help or hinder economic growth by impacting the factors of producti ...
Slide 1
... Forecast down by almost 50%! How many fewer jobs expected in Maidstone? Will it be more or less exposed? ...
... Forecast down by almost 50%! How many fewer jobs expected in Maidstone? Will it be more or less exposed? ...
Bolivia_en.pdf
... The Bolivian economy slowed in 2014, but the country still has one of the highest growth rates in the region. Slowing growth in the hydrocarbons sector affected both economic activity and fiscal revenues. Nevertheless, private consumption and gross fixed capital formation —supported by an ample prog ...
... The Bolivian economy slowed in 2014, but the country still has one of the highest growth rates in the region. Slowing growth in the hydrocarbons sector affected both economic activity and fiscal revenues. Nevertheless, private consumption and gross fixed capital formation —supported by an ample prog ...
policy20
... Adjust for the fact that the value of the monetary unit may vary from one period to another. 3) Per Capita GDP: per-capita refers to dividing real GDP by the population. Rough way of comparing stand of living across times and places. 1998 world GDP of $28 trillion / world population 6 billion = per ...
... Adjust for the fact that the value of the monetary unit may vary from one period to another. 3) Per Capita GDP: per-capita refers to dividing real GDP by the population. Rough way of comparing stand of living across times and places. 1998 world GDP of $28 trillion / world population 6 billion = per ...
13 - Midlakes
... – Bubbles – Speculative buying drives the price of major commodities (like real estate) to levels far exceeding their intrinsic value – Externalities – The difference between the private and social cost of economic behavior ...
... – Bubbles – Speculative buying drives the price of major commodities (like real estate) to levels far exceeding their intrinsic value – Externalities – The difference between the private and social cost of economic behavior ...
ch 9 sp 2017
... If output rises by less than the proportion of all inputs, then decreasing returns to scale exist. 8. (p. 188) According to the Classical growth model, an economy that increases its saving will grow: C. faster since the increase in saving will permit greater investment. Greater saving permits higher ...
... If output rises by less than the proportion of all inputs, then decreasing returns to scale exist. 8. (p. 188) According to the Classical growth model, an economy that increases its saving will grow: C. faster since the increase in saving will permit greater investment. Greater saving permits higher ...
Bahamas_en.pdf
... GDP in 2015 as revenues are buoyed by the new VAT and expenditure is dampened by the continued winding down of public infrastructure projects. Public debt expanded by 9% from 64% of GDP in 2013 to 67% year-on-year to June 2014, partly owing to a US$ 300 million international bond issue and loans for ...
... GDP in 2015 as revenues are buoyed by the new VAT and expenditure is dampened by the continued winding down of public infrastructure projects. Public debt expanded by 9% from 64% of GDP in 2013 to 67% year-on-year to June 2014, partly owing to a US$ 300 million international bond issue and loans for ...
Guyana_en.pdf
... As recommended in the poverty reduction strategy paper (PRSP) agreed on with international financial institutions, the government adopted policies designed to preserve economic growth, stabilize financial markets and fight inflationary pressures. Thus, the excise tax on fuel was lowered, while value ...
... As recommended in the poverty reduction strategy paper (PRSP) agreed on with international financial institutions, the government adopted policies designed to preserve economic growth, stabilize financial markets and fight inflationary pressures. Thus, the excise tax on fuel was lowered, while value ...
Lecture 20
... Adjust for the fact that the value of the monetary unit may vary from one period to another. 3) Per Capita GDP: per-capita refers to dividing real GDP by the population. Rough way of comparing stand of living across times and places. 1998 world GDP of $28 trillion / world population 6 billion = per ...
... Adjust for the fact that the value of the monetary unit may vary from one period to another. 3) Per Capita GDP: per-capita refers to dividing real GDP by the population. Rough way of comparing stand of living across times and places. 1998 world GDP of $28 trillion / world population 6 billion = per ...
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).