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Lq Ec Economic Activity
... the level of economic development of a country. Also discuss the three classifications of economic development of a country (15 marks) There are three ways of measuring economic growth: 1. Gross national Income –GNI or Gross National Product -GNP and Gross Domestic Product- GDP are accepted as broad ...
... the level of economic development of a country. Also discuss the three classifications of economic development of a country (15 marks) There are three ways of measuring economic growth: 1. Gross national Income –GNI or Gross National Product -GNP and Gross Domestic Product- GDP are accepted as broad ...
Classic theories of Economic development : A comparative analysis
... For instance in the Rostows stage theory more investments just lead to more growth. Though investments and savings are necessary conditions of growth they are not sufficient conditions. There is the need for a strong financial infrastructure to canalise any savings that are made into investment. Aga ...
... For instance in the Rostows stage theory more investments just lead to more growth. Though investments and savings are necessary conditions of growth they are not sufficient conditions. There is the need for a strong financial infrastructure to canalise any savings that are made into investment. Aga ...
Jack Duncan, Taylor Bratton Thematic Review
... Ch 9- Economic transformation-Industrial and Market Revolutions o Mass produced goods aided commonwealth system (US lead export of cotton and wheat) o Construction of turnpikes and railroads expanded trade and transportation o Divided labor by undermining artisans’ business, setting up large shops, ...
... Ch 9- Economic transformation-Industrial and Market Revolutions o Mass produced goods aided commonwealth system (US lead export of cotton and wheat) o Construction of turnpikes and railroads expanded trade and transportation o Divided labor by undermining artisans’ business, setting up large shops, ...
Summary: The United States Economy
... A way to measure a country’s economy is to look at its GDP (gross domestic product). This tells the total value of the goods and services that a country produces. The U.S. economy is one of the world’s wealthiest. The U.S. government does not set prices, tell businesses what to produce, or tell peop ...
... A way to measure a country’s economy is to look at its GDP (gross domestic product). This tells the total value of the goods and services that a country produces. The U.S. economy is one of the world’s wealthiest. The U.S. government does not set prices, tell businesses what to produce, or tell peop ...
Emerging Markets in Retreat* Jayati Ghosh
... But it will not really help. Demand from the advanced countries – still the driver of Chinese exports and indirectly of exports of other developing countries – will stay sluggish. Meanwhile, China’s slowdown infects other emerging markets across the world, as its imports fall even faster than its ex ...
... But it will not really help. Demand from the advanced countries – still the driver of Chinese exports and indirectly of exports of other developing countries – will stay sluggish. Meanwhile, China’s slowdown infects other emerging markets across the world, as its imports fall even faster than its ex ...
The World`s People
... o A political system in which the government owns all property and dominates all aspects of life in a country o Leaders are chosen by the Communist Party or by Communist leaders. o People have restricted rights and very little freedom. ...
... o A political system in which the government owns all property and dominates all aspects of life in a country o Leaders are chosen by the Communist Party or by Communist leaders. o People have restricted rights and very little freedom. ...
Shifts of the demand curve
... 3rd variables to our graphic representation of price and quantity demanded! Can result in an increase or decrease of demand ...
... 3rd variables to our graphic representation of price and quantity demanded! Can result in an increase or decrease of demand ...
“give a man a fish...” and foreign aid
... At higher income levels, the lead sector(s) must offer increasing returns and opportunities for robust output growth in response to demand. As in Korea, industry has almost always been the engine for productivity growth, though not for job creation. For a sector (or the economy) to generate employme ...
... At higher income levels, the lead sector(s) must offer increasing returns and opportunities for robust output growth in response to demand. As in Korea, industry has almost always been the engine for productivity growth, though not for job creation. For a sector (or the economy) to generate employme ...
PDF
... output contraction, and falling demand for skilled and unskilled labor; An increase in labor demand and output of services sector, driven by the fiscal stimulus program that positively affects public services; A reduction in real income of households, particularly those in the lower deciles; and An ...
... output contraction, and falling demand for skilled and unskilled labor; An increase in labor demand and output of services sector, driven by the fiscal stimulus program that positively affects public services; A reduction in real income of households, particularly those in the lower deciles; and An ...
The origins of macro
... • The increase in the money supply to correspond to and stimulate growth. • The extreme liberalization of the authority to create financial instruments/1980s and 1990s. An era of very cheap credit—200812. ...
... • The increase in the money supply to correspond to and stimulate growth. • The extreme liberalization of the authority to create financial instruments/1980s and 1990s. An era of very cheap credit—200812. ...
Economic theories and perspectives on development
... policies to boost aggregate demand (Keynesian), setting up of the Bretton Woods institutions (World Bank, IMF, WTO), state intervention and planning of the economy (Soviet Union) Ideas underdevelopment as low-level equilibrium caused by low savings, high population growth, market failures due to sca ...
... policies to boost aggregate demand (Keynesian), setting up of the Bretton Woods institutions (World Bank, IMF, WTO), state intervention and planning of the economy (Soviet Union) Ideas underdevelopment as low-level equilibrium caused by low savings, high population growth, market failures due to sca ...
Macroeconomics for Agriculture (605215)
... Identify the determinants of the aggregate demand (AD) curve, the aggregate supply (AS) curve and explain how "macro equilibrium" is reached in the AD-AS model, and how macroeconomic policies can shift both AD and AS curves Demonstrate an understanding of the Income-expenditure approach to eqili ...
... Identify the determinants of the aggregate demand (AD) curve, the aggregate supply (AS) curve and explain how "macro equilibrium" is reached in the AD-AS model, and how macroeconomic policies can shift both AD and AS curves Demonstrate an understanding of the Income-expenditure approach to eqili ...
Stages of Growth Theory
... Loose school of thought; less theoretical; more historical and practical approach to the question of how to develop Optimistic, believe in the inevitability of development as a linear process that all ...
... Loose school of thought; less theoretical; more historical and practical approach to the question of how to develop Optimistic, believe in the inevitability of development as a linear process that all ...
Macroeconomics & Circular Flow
... Why does output fluctuate? As output prices rise and fall, the amount of goods and services ...
... Why does output fluctuate? As output prices rise and fall, the amount of goods and services ...
ch 9 sp 2017
... technological development; (3) available resources; (4) capital accumulation; and (5) entrepreneurship. 5. (p. 182) All of the following are important sources of growth except: C. decreasing returns to scale. The five important sources of growth are (1) institutions with incentives compatible with g ...
... technological development; (3) available resources; (4) capital accumulation; and (5) entrepreneurship. 5. (p. 182) All of the following are important sources of growth except: C. decreasing returns to scale. The five important sources of growth are (1) institutions with incentives compatible with g ...
economics micro 2010
... the outsourcing of manufacturing in other countries. The second I would like to mention is the declining middle class related to the economic breakdown in 2007 which put many people out of job across the U.S. The third is the illegal immigration into the U.S in substantial numbers along with remitta ...
... the outsourcing of manufacturing in other countries. The second I would like to mention is the declining middle class related to the economic breakdown in 2007 which put many people out of job across the U.S. The third is the illegal immigration into the U.S in substantial numbers along with remitta ...
Intro to International Political Economy and Trade - b
... E. Dependency Theory- Latin American countries after WWII did not develop -economic growth of developing is linked to those of the developed *believed that the developed countries would not let the developing catch up ~developing countries specializing in declining forms of trade where there are onl ...
... E. Dependency Theory- Latin American countries after WWII did not develop -economic growth of developing is linked to those of the developed *believed that the developed countries would not let the developing catch up ~developing countries specializing in declining forms of trade where there are onl ...
Ragnar Nurkse's balanced growth theory
The balanced growth theory is an economic theory pioneered by the economist Ragnar Nurkse (1907–1959). The theory hypothesises that the government of any underdeveloped country needs to make large investments in a number of industries simultaneously. This will enlarge the market size, increase productivity, and provide an incentive for the private sector to invest.Nurkse was in favour of attaining balanced growth in both the industrial and agricultural sectors of the economy. He recognised that the expansion and inter-sectoral balance between agriculture and manufacturing is necessary so that each of these sectors provides a market for the products of the other and in turn, supplies the necessary raw materials for the development and growth of the other.Nurkse and Paul Rosenstein-Rodan were the pioneers of balanced growth theory and much of how it is understood today dates back to their work.Nurkse's theory discusses how the poor size of the market in underdeveloped countries perpetuates its underdeveloped state. Nurkse has also clarified the various determinants of the market size and puts primary focus on productivity. According to him, if the productivity levels rise in a less developed country, its market size will expand and thus it can eventually become a developed economy. Apart from this, Nurkse has been nicknamed an export pessimist, as he feels that the finances to make investments in underdeveloped countries must arise from their own domestic territory. No importance should be given to promoting exports.