Growth Theories
... • Income Inequality is measured by Gini-Coefficient • Some international comparisons argue as economy grows, Gini Coefficient generally rises first and then fall • It is in line with Lewis’ theory: Income inequality is not only inevitable, but also necessary for economic growth - Case studies of Kor ...
... • Income Inequality is measured by Gini-Coefficient • Some international comparisons argue as economy grows, Gini Coefficient generally rises first and then fall • It is in line with Lewis’ theory: Income inequality is not only inevitable, but also necessary for economic growth - Case studies of Kor ...
Determinants of Economic Growth in Small Countries
... diversified. This concentration can lead to excessive dependence on a limited number of economic activities and export markets, thus exposing the economy to exogenous shocks in export prices and creating instability. 4. High degree of openness to trade - the impossibility of producing large varietie ...
... diversified. This concentration can lead to excessive dependence on a limited number of economic activities and export markets, thus exposing the economy to exogenous shocks in export prices and creating instability. 4. High degree of openness to trade - the impossibility of producing large varietie ...
Figure 2.1 The Production Function
... T + S + C = C + I + G + NX = C + I + G + Capital Outflow I = S + (T – G) + Capital Inflow I = National Saving + Capital Inflow ...
... T + S + C = C + I + G + NX = C + I + G + Capital Outflow I = S + (T – G) + Capital Inflow I = National Saving + Capital Inflow ...
AP MACRO MR. LIPMAN - Mr. Fogel Peabody Veterans Memorial
... produce more of a good without having to give up another good or when a country can produce more overall. • On the AS/AD graph, long run economic growth is demonstrated by a rightward shift of the LRAS curve. • And on the PPC?... ...
... produce more of a good without having to give up another good or when a country can produce more overall. • On the AS/AD graph, long run economic growth is demonstrated by a rightward shift of the LRAS curve. • And on the PPC?... ...
25 PRODUCTION AND GROWTH
... Understanding the direction of causation will help policymakers place proper emphasis on the programs that will achieve both greater health and higher incomes. ...
... Understanding the direction of causation will help policymakers place proper emphasis on the programs that will achieve both greater health and higher incomes. ...
Obstacles to Growth
... Lack of an orderly system of government results in people only wanting to invest in the short run, not the long run. ...
... Lack of an orderly system of government results in people only wanting to invest in the short run, not the long run. ...
Marxism 2014 - Michael Roberts Blog
... revolution in a major capitalist economy, capitalism will eventually enter a new spring with a recovery in profitability and new investment growth based on new technologies already ‘discovered’ but just waiting for development. Of course, each time, the system finds it more difficult to develop that ...
... revolution in a major capitalist economy, capitalism will eventually enter a new spring with a recovery in profitability and new investment growth based on new technologies already ‘discovered’ but just waiting for development. Of course, each time, the system finds it more difficult to develop that ...
continuous time
... Why did modern economic growth emerge only in the 19th Century? What is the relationship between population growth and economic growth? Why is economic growth so concentrated in Europe and European offshoots? Is this the result of historical accident, first-mover advantage, geography, culture, socia ...
... Why did modern economic growth emerge only in the 19th Century? What is the relationship between population growth and economic growth? Why is economic growth so concentrated in Europe and European offshoots? Is this the result of historical accident, first-mover advantage, geography, culture, socia ...
Y1 Real GDP - Personal homepages
... • Rate of economic growth is the percent change in economic activity from one year to the next. • Many people look at the GDP, but there are other measures out there too. • Are new products in fact a reflection of our economic progress? ...
... • Rate of economic growth is the percent change in economic activity from one year to the next. • Many people look at the GDP, but there are other measures out there too. • Are new products in fact a reflection of our economic progress? ...
슬라이드 1
... – national level coordination of development strategies (big-push) – quick and efficient decision making – policy consistency (vs. left-right swings in a democracy) Q) Why did Communist countries not grow in 70s? Q) How explain Hong Kong and India? ...
... – national level coordination of development strategies (big-push) – quick and efficient decision making – policy consistency (vs. left-right swings in a democracy) Q) Why did Communist countries not grow in 70s? Q) How explain Hong Kong and India? ...
`Curse` of the three Cousins: The Triple Burden of Poverty, Inequality
... • Formal Sector: which consists of capitalists and wage workers, catering for less than 20% of the labour force. This sector consists of enterprises of various sizes (either state-owned or privately owned) and is relatively productive compared to the other sectors. External forces such as Africa’s t ...
... • Formal Sector: which consists of capitalists and wage workers, catering for less than 20% of the labour force. This sector consists of enterprises of various sizes (either state-owned or privately owned) and is relatively productive compared to the other sectors. External forces such as Africa’s t ...
Ch17
... – Although policies of liberalization will undoubtedly continue, struggles and dissatisfactions of ordinary people may slow down or change nature of transition • In some countries, transition may even be reversed – Opinion polls show that large shares of population wish to return to the “old days,” ...
... – Although policies of liberalization will undoubtedly continue, struggles and dissatisfactions of ordinary people may slow down or change nature of transition • In some countries, transition may even be reversed – Opinion polls show that large shares of population wish to return to the “old days,” ...
Factors that Lead to Economic Growth
... within the country--this doesn’t include products that are imported. ...
... within the country--this doesn’t include products that are imported. ...
4FactorsofEconomicGrowth
... within the country--this doesn’t include products that are imported. ...
... within the country--this doesn’t include products that are imported. ...
AP Economics - Hicksville Public Schools
... •Which means lower prices, better quality, and more product variety. •We produce the goods and services that society ...
... •Which means lower prices, better quality, and more product variety. •We produce the goods and services that society ...
Economic System Notes - Hicksville Public Schools
... Example: Society wants fuel efficient cars… •Profit seeking producers will make more. •Competition between firms results in low prices, high quality, and greater efficiency. •The government doesn’t need to get involved since the needs of society are automatically met. Competition and self-interest a ...
... Example: Society wants fuel efficient cars… •Profit seeking producers will make more. •Competition between firms results in low prices, high quality, and greater efficiency. •The government doesn’t need to get involved since the needs of society are automatically met. Competition and self-interest a ...
Chapter 2: Economic Class, Development, Systems, and Globalization
... a. GDP is the value of all the goods and services that citizens of a state produce, whether they live inside the country or abroad; GNP is the sum of all goods and services produced within the borders of a particular state, whether by citizens or not. b. GNP is the value of all the goods and service ...
... a. GDP is the value of all the goods and services that citizens of a state produce, whether they live inside the country or abroad; GNP is the sum of all goods and services produced within the borders of a particular state, whether by citizens or not. b. GNP is the value of all the goods and service ...
3-19 中国二元结构变化4（向仁康，2013）
... To grow,economies must save and invest a certain roportion of their GDP. The more they can save and invest, the faster they can grow. So,the main obstacle to or constraint on development, according to this theory, is the relatively low level of new capital formation in most poor countries. But savin ...
... To grow,economies must save and invest a certain roportion of their GDP. The more they can save and invest, the faster they can grow. So,the main obstacle to or constraint on development, according to this theory, is the relatively low level of new capital formation in most poor countries. But savin ...
New Lecture Note #1
... • Income Inequality is measured by Gini-Coefficient • Some international comparisons argue as economy grows, Gini Coefficient generally rises first and then fall • It is in line with Lewis’ theory: Income inequality is not only inevitable, but also necessary for economic growth - Case studies of Kor ...
... • Income Inequality is measured by Gini-Coefficient • Some international comparisons argue as economy grows, Gini Coefficient generally rises first and then fall • It is in line with Lewis’ theory: Income inequality is not only inevitable, but also necessary for economic growth - Case studies of Kor ...
AP Macro: Unit 6
... East Asia (continued) • “Catch-up effect-” it’s easier to narrow the productivity gap for countries with very low rates (easier to climb to the top than stay there) • “Convergence hypothesis-” relatively poor countries should (and often do) have higher rates of growth in RGDP/capita than relatively ...
... East Asia (continued) • “Catch-up effect-” it’s easier to narrow the productivity gap for countries with very low rates (easier to climb to the top than stay there) • “Convergence hypothesis-” relatively poor countries should (and often do) have higher rates of growth in RGDP/capita than relatively ...
Session 12 - Economics For Everyone
... On the other hand, government can make things worse if it cuts its own spending during a recession (eg. balanced budget laws) ...
... On the other hand, government can make things worse if it cuts its own spending during a recession (eg. balanced budget laws) ...
CH02-Econ - Oakton Community College
... • Capitalism -- All or most of the land, factories and stores are owned by individuals, not the government, and operated for profit. ...
... • Capitalism -- All or most of the land, factories and stores are owned by individuals, not the government, and operated for profit. ...
Name - Henry County Schools
... -What to produce? How to produce? For whom to produce? 2. What are the three types of economic systems? Traditional Economy, Market Economy, Command Economy 3. What does it mean to have a mixed economy? A mixed economy is a mix between a command economy (control by the government) and a market econo ...
... -What to produce? How to produce? For whom to produce? 2. What are the three types of economic systems? Traditional Economy, Market Economy, Command Economy 3. What does it mean to have a mixed economy? A mixed economy is a mix between a command economy (control by the government) and a market econo ...
Ppt Presentation on Capitalism and Freedom
... government fail to do this when they “redistribute” income through progressive taxation. By doing this, government is forcing those who have earned more money to share with others. Not earning what is due them will serve as a disincentive to work and poor allocation of resources. There is less inequ ...
... government fail to do this when they “redistribute” income through progressive taxation. By doing this, government is forcing those who have earned more money to share with others. Not earning what is due them will serve as a disincentive to work and poor allocation of resources. There is less inequ ...
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.