Chapter 19
... this chapter, you should be able to… 1. Explain why population growth can have uncertain effects on economic growth 2. Understand why the existence of dead capital retards investment and economic growth in much of the developing world 3. Describe how government inefficiencies have contributed to the ...
... this chapter, you should be able to… 1. Explain why population growth can have uncertain effects on economic growth 2. Understand why the existence of dead capital retards investment and economic growth in much of the developing world 3. Describe how government inefficiencies have contributed to the ...
This PDF is a selection from a published volume from... Research Volume Title: Financial Sector Development in the Pacific Rim, East...
... tive. Schumpeter in Capitalism, Socialism, and Democracy (1942) no longer looked upon the entrepreneur as the sole agent of innovation. He believed that much of innovation was, in fact, performed by teams of people within existing large corporations, with the innovation financed by retained corporat ...
... tive. Schumpeter in Capitalism, Socialism, and Democracy (1942) no longer looked upon the entrepreneur as the sole agent of innovation. He believed that much of innovation was, in fact, performed by teams of people within existing large corporations, with the innovation financed by retained corporat ...
The United States and Europe Short-Run Divergence and
... This is an expanded version of these remarks as prepared for delivery. It is now nearly nine years since the onset of the financial crisis. The world economy is growing, and the advanced economies have made significant progress in recovering, but that healing process has been uneven. Demand shortfal ...
... This is an expanded version of these remarks as prepared for delivery. It is now nearly nine years since the onset of the financial crisis. The world economy is growing, and the advanced economies have made significant progress in recovering, but that healing process has been uneven. Demand shortfal ...
CHINA PAPER July 2015 - Michael Roberts Blog
... act as a powerful blocking mechanism against the development of the indigenous forces of production13. The destruction of native industry would displace more workers than can be newly employed in the relatively new hi-tech industries. This was the story of many new capitalist economies in the late 1 ...
... act as a powerful blocking mechanism against the development of the indigenous forces of production13. The destruction of native industry would displace more workers than can be newly employed in the relatively new hi-tech industries. This was the story of many new capitalist economies in the late 1 ...
Capital Investment - Oldfield Economics
... • The rate of interest- higher interest rates increases the cost of borrowing by firms and may make some investments unprofitable. It may also affect…. • Consumer demand- higher demand requires higher output, and therefore increased productive output. This may itself be affected by • Spare capacity. ...
... • The rate of interest- higher interest rates increases the cost of borrowing by firms and may make some investments unprofitable. It may also affect…. • Consumer demand- higher demand requires higher output, and therefore increased productive output. This may itself be affected by • Spare capacity. ...
FISCAL POLICY IN ENDOGENOUS ECONOMIC GROWTH MODELS WITH TWO R&D SECTORS
... In Solow-Swan neoclassical model of economic growth the main determinant of long-term economic growth rate (in the steady state, on balanced growth path) is represented by technological change, which is an exogenous variable in the model. From a methodological point of view, treating technological c ...
... In Solow-Swan neoclassical model of economic growth the main determinant of long-term economic growth rate (in the steady state, on balanced growth path) is represented by technological change, which is an exogenous variable in the model. From a methodological point of view, treating technological c ...
Globalization, Entrepreneurial Cities, and the Social
... Overall, these changes made it harder for the state to manage its national economy as if it were closed (as it had done, for example, in relying on demand management) and so prompted an interest in, and a shift towards, more supply-side intervention. This could be limited to neo-liberal supply side ...
... Overall, these changes made it harder for the state to manage its national economy as if it were closed (as it had done, for example, in relying on demand management) and so prompted an interest in, and a shift towards, more supply-side intervention. This could be limited to neo-liberal supply side ...
growth2
... A third, unknown variable causes capital accumulation and efficiency to be higher in some countries than others. ...
... A third, unknown variable causes capital accumulation and efficiency to be higher in some countries than others. ...
0 SOLIDARITY ECONOMIES: THE COUNTERMOVEMENT RISING
... meeting all the needs in the society. Therefore, the objective of solidarity economies is not to replace the existing market, but rather open up economic enclaves free of global capitalism and its penetrating economic relations. The synthetic definition of solidarity economy is based on four major p ...
... meeting all the needs in the society. Therefore, the objective of solidarity economies is not to replace the existing market, but rather open up economic enclaves free of global capitalism and its penetrating economic relations. The synthetic definition of solidarity economy is based on four major p ...
this PDF file
... years after A Theory of Justice, he also sounded a note of concern about trends to inequality: “[T]he invisible hand guides things in the wrong direction and favors an oligopolistic configuration of accumulations that succeeds in maintaining unjustified inequalities and restrictions on fair opportun ...
... years after A Theory of Justice, he also sounded a note of concern about trends to inequality: “[T]he invisible hand guides things in the wrong direction and favors an oligopolistic configuration of accumulations that succeeds in maintaining unjustified inequalities and restrictions on fair opportun ...
Document
... What went wrong? 1994 political uncertainty did- Jan: Chiapas uprising; MAR- Pres candidate Colosio assassinated; INT Capital flew!!! This caused dwindling dollar reserves at Central Bank to pay for public debt Situation screamed for devaluation- Mexico said no and spent $10Bill from MAR-MAY in ...
... What went wrong? 1994 political uncertainty did- Jan: Chiapas uprising; MAR- Pres candidate Colosio assassinated; INT Capital flew!!! This caused dwindling dollar reserves at Central Bank to pay for public debt Situation screamed for devaluation- Mexico said no and spent $10Bill from MAR-MAY in ...
Chapter 9 - Patrick M. Crowley
... Since Adam Smith, economists have argued that free trade can increase production efficiency and living standards. ...
... Since Adam Smith, economists have argued that free trade can increase production efficiency and living standards. ...
ŁUKASZ PIĘTAK Review Of Theories And Models Of
... him a "hero of development". In his opinion, the innovation and creativity of entrepreneurs determined economic development. Schumpeter was convinced of the unbalanced nature of economic growth. and he attributed that process to the nature of the ‘jump’. (Schumpeter 1934, p. 65). Following the intro ...
... him a "hero of development". In his opinion, the innovation and creativity of entrepreneurs determined economic development. Schumpeter was convinced of the unbalanced nature of economic growth. and he attributed that process to the nature of the ‘jump’. (Schumpeter 1934, p. 65). Following the intro ...
Rosa Luxemburg, the critique of political economy, and the political
... It is now clear why the Introduction presents a way of doing ‘critical political economy’ where the inquiry into economic mechanisms is linked to the hidden social relationships that produce them. This approach was innovative within the Marxism of Luxemburg’s day, and may be so even more today. It i ...
... It is now clear why the Introduction presents a way of doing ‘critical political economy’ where the inquiry into economic mechanisms is linked to the hidden social relationships that produce them. This approach was innovative within the Marxism of Luxemburg’s day, and may be so even more today. It i ...
Theory of the state
... Four faces of modern state: The legitimation bases of modern state The sovereign state: To follow Webers' conception, sovereign state refers to the establishment of an effective monopoly of physical force as well as public authority both internally and externally over a definitive territory and ...
... Four faces of modern state: The legitimation bases of modern state The sovereign state: To follow Webers' conception, sovereign state refers to the establishment of an effective monopoly of physical force as well as public authority both internally and externally over a definitive territory and ...
КОНКУРЕНТОСПОСОБНАЯ И ДИНАМИЧНАЯ РОССИЯ
... • We are trying to avoid this problem by containing our objectives • By convention, we do not intend to predict long-term economic growth • We are only trying to assess, how much economic, social and political transformation could be realistically expected for any given growth scenario ...
... • We are trying to avoid this problem by containing our objectives • By convention, we do not intend to predict long-term economic growth • We are only trying to assess, how much economic, social and political transformation could be realistically expected for any given growth scenario ...
Capitalist Development in the Twentieth Century - Assets
... (AD) adjusts passively to supply forces, as in neoclassical growth theory, supply-side variables such as rates of growth of the labour force and technological progress are of chief interest. On the other hand, if growth is a process in which AD induces adjustments on the supply side, the focus is on ...
... (AD) adjusts passively to supply forces, as in neoclassical growth theory, supply-side variables such as rates of growth of the labour force and technological progress are of chief interest. On the other hand, if growth is a process in which AD induces adjustments on the supply side, the focus is on ...
Globalisation, growth and justice
... as to the existence of a definite trend towards distributive inequality worldwide, both across and within countries" . (3) Using a measurement of the average distribution but weighting countries by population, inequality between the country averages has been constant or falling since around 1980. Th ...
... as to the existence of a definite trend towards distributive inequality worldwide, both across and within countries" . (3) Using a measurement of the average distribution but weighting countries by population, inequality between the country averages has been constant or falling since around 1980. Th ...
THE PHILOSOPHY OF THE SUFFICIENCY ECONOMY: A CONTRIBUTION TO THE THEORY
... change dominated development theory at that early stage (see, for example, Singer, 1950; Lewis, 1955; Kuznets, 1955; and Prebisch, 1962). When the theory of a non-linear long-term growth process emerged, it was considered to be a reason why a country experienced multiple stable equilibria. One equil ...
... change dominated development theory at that early stage (see, for example, Singer, 1950; Lewis, 1955; Kuznets, 1955; and Prebisch, 1962). When the theory of a non-linear long-term growth process emerged, it was considered to be a reason why a country experienced multiple stable equilibria. One equil ...
Minnesota County Economies Continued Recovery in 2015
... at a similar rate. Job growth accelerated and home prices saw faster gains in two-thirds of county economies. In Minnesota, adjusted wages increased in 73.5% of counties. ...
... at a similar rate. Job growth accelerated and home prices saw faster gains in two-thirds of county economies. In Minnesota, adjusted wages increased in 73.5% of counties. ...
Cuba in Transition: Volume 8
... the nineteenth and early twentieth century governments did not act as developmental states (in fact some of the developing countries experiencing the export boom were colonies), one can explain why countries with unfavorable linkages due to the nature of their production processes failed to develop ...
... the nineteenth and early twentieth century governments did not act as developmental states (in fact some of the developing countries experiencing the export boom were colonies), one can explain why countries with unfavorable linkages due to the nature of their production processes failed to develop ...
Nickels Chapter 2
... become wealthy lead to jobs for some and food for almost all. Stop and envision that process for a minute, because it is critical to your understanding of economic growth in the United States and other free countries. The same principles apply to other products as well—everything from clothing to ho ...
... become wealthy lead to jobs for some and food for almost all. Stop and envision that process for a minute, because it is critical to your understanding of economic growth in the United States and other free countries. The same principles apply to other products as well—everything from clothing to ho ...
Economic Efficiency in Transition: The Case of Ukraine
... economy raises many theoretical problems unknown earlier, since this transition is an absolutely new historical process. And one of the key problems of the former administrative-command economy that consequently led to transition was the declining economic efficiency of these economies. The centrally ...
... economy raises many theoretical problems unknown earlier, since this transition is an absolutely new historical process. And one of the key problems of the former administrative-command economy that consequently led to transition was the declining economic efficiency of these economies. The centrally ...
International political economy exam, january 2016
... components of this phenomenon, as well as the commodification of capitalist social relations (Wigan, 2015a). Since national economic policies undertaken must consider the effects of the surrounding global economy, integration of national economies has led to the dominance of international capital o ...
... components of this phenomenon, as well as the commodification of capitalist social relations (Wigan, 2015a). Since national economic policies undertaken must consider the effects of the surrounding global economy, integration of national economies has led to the dominance of international capital o ...
Week 13
... 2. GDP per capita and productivity can fluctuate significantly in the medium run. These fluctuations are not necessarily synchronised across countries. 3. Some countries have been able to catch up with the living standards of the richest countries, while other countries have stagnated relative to ri ...
... 2. GDP per capita and productivity can fluctuate significantly in the medium run. These fluctuations are not necessarily synchronised across countries. 3. Some countries have been able to catch up with the living standards of the richest countries, while other countries have stagnated relative to ri ...
Uneven and combined development
Uneven and combined development (or unequal and combined development) is a Marxist concept to describe the overall dynamics of human history. It was originally used by the Russian revolutionary Leon Trotsky around the turn of the 20th century, when he was analyzing the developmental possibilities that existed for the economy and civilization in the Russian empire, and the likely future of the Tsarist regime in Russia. It was the basis of his political strategy of permanent revolution, which implied a rejection of the idea that a human society inevitably developed through a uni-linear sequence of necessary ""stages"". Trotsky's ideas matured under the influence of Georg Vollmar's study of a possibility of socialism in one country, as well as John Hobson, Rudolf Hilferding and Vladimir Lenin's studies of imperialism. Also before Trotsky, Nikolay Chernyshevsky and Vasily Vorontsov proposed a similar idea. The concept is still used today by Trotskyists and other Marxists concerned with world politics.