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Unit 7
... Game theorists refer to situations in which each side (party) holds out, hoping the other side will give in, as wars of attrition E.g.: the party in power wants to reduce spending but faces opposition to spending cuts in Parliament One way of putting pressure on Parliament is to cut taxes and creat ...
... Game theorists refer to situations in which each side (party) holds out, hoping the other side will give in, as wars of attrition E.g.: the party in power wants to reduce spending but faces opposition to spending cuts in Parliament One way of putting pressure on Parliament is to cut taxes and creat ...
Growth and structural change
... Stylized facts of economic structure and structural change Simple 2-sector models of economic structure & change Classical development theory: the dual economy Neoclassical two sector model ...
... Stylized facts of economic structure and structural change Simple 2-sector models of economic structure & change Classical development theory: the dual economy Neoclassical two sector model ...
How to Make Europe Prosper Again: the Challenges of
... amplified and spread the crisis (CEPR 2015). More importantly, however, the common currency eliminated the mechanisms that an individual country could normally rely on to defuse a crisis, such as monetary and exchange rate policy, without replacing them with other adjustment mechanisms at the supran ...
... amplified and spread the crisis (CEPR 2015). More importantly, however, the common currency eliminated the mechanisms that an individual country could normally rely on to defuse a crisis, such as monetary and exchange rate policy, without replacing them with other adjustment mechanisms at the supran ...
Impact Globalisation has on a developed economy
... open legal and banking system. Laws to reduce corruption were introduced. The legal system was reformed. These changes have been successful and encouraged more external investments in Brazil. Over the last ten years FDI into Brazil has averages at 5.5% of the countries GPA. Removing trade barriers; ...
... open legal and banking system. Laws to reduce corruption were introduced. The legal system was reformed. These changes have been successful and encouraged more external investments in Brazil. Over the last ten years FDI into Brazil has averages at 5.5% of the countries GPA. Removing trade barriers; ...
Global European economic model
... cohesion is present in the Asian model with a social purpose. Model features are liberalized imports and exports subject (semi) cheap labor and capital expensive. It is also a transition model where the emphasis is on supranational processes, processes of convergence and integration. The European ec ...
... cohesion is present in the Asian model with a social purpose. Model features are liberalized imports and exports subject (semi) cheap labor and capital expensive. It is also a transition model where the emphasis is on supranational processes, processes of convergence and integration. The European ec ...
China and the Coming Five
... priority is mainly to encourage domestic demand. Since exports would shrink due to decline of low-end industries while high-end industries are yet to be competitive, domestic demand needs to be encouraged to digest the fruits of investment and avoid excess production capacity. With the historically ...
... priority is mainly to encourage domestic demand. Since exports would shrink due to decline of low-end industries while high-end industries are yet to be competitive, domestic demand needs to be encouraged to digest the fruits of investment and avoid excess production capacity. With the historically ...
From: The Global Transformations Reader, edited by David Held
... institutions, including particularly their disembeddedness and reflexivity. But what exactly is globalization, and how might we best conceptualize the phenomenon? I shall consider these questions at some length [...] since the central importance of globalizing processes today has scarcely been match ...
... institutions, including particularly their disembeddedness and reflexivity. But what exactly is globalization, and how might we best conceptualize the phenomenon? I shall consider these questions at some length [...] since the central importance of globalizing processes today has scarcely been match ...
Eurozone Economic Outlook: Detailed analyses, figures and tables (PDF, 106 KB)
... monetary policy. In this environment both capital market and borrowing rates are expected to remain low over the forecasting period. Favourable financing conditions and rising capacity utilisation rates will make increasing levels of investment in equipment and in construction all the more likely in ...
... monetary policy. In this environment both capital market and borrowing rates are expected to remain low over the forecasting period. Favourable financing conditions and rising capacity utilisation rates will make increasing levels of investment in equipment and in construction all the more likely in ...
Looking into the crystal ball: a forecast and some risks... the year ahead Introduction
... will be a big increase in economic activity as the repair work gets underway. There are many estimates, but we think that earthquake-related construction spending will add at least $5 billion to New Zealand’s nominal GDP. While essential infrastructure rebuilding will be frontloaded, our business co ...
... will be a big increase in economic activity as the repair work gets underway. There are many estimates, but we think that earthquake-related construction spending will add at least $5 billion to New Zealand’s nominal GDP. While essential infrastructure rebuilding will be frontloaded, our business co ...
Vietnam`s Economic Environment: IMF/World Bank - US
... are essential in the transition process to achieve Vietnam’s own growth goals. ...
... are essential in the transition process to achieve Vietnam’s own growth goals. ...
Growth_and_Development_in_South_Korea
... Growth and Development in South Korea Selection of Key Indicators for South Korea ...
... Growth and Development in South Korea Selection of Key Indicators for South Korea ...
Text of Comments - Washington University in St. Louis | Law School
... the Great Recession hit—it was producing enough employment and output and the mix across sectors was about right. It’s not doing well now; but, when aggregate demand recovers sufficiently, it will be OK again. Following this diagnosis, her prescription is for aggressive monetary- and fiscal-policy m ...
... the Great Recession hit—it was producing enough employment and output and the mix across sectors was about right. It’s not doing well now; but, when aggregate demand recovers sufficiently, it will be OK again. Following this diagnosis, her prescription is for aggressive monetary- and fiscal-policy m ...
to the pdf. - Student Health Services
... special interests pursue self aggrandizing policies to the detriment of the national economy. It is said that “There is nothing as permanent as a temporary government subsidy”. A U.S. example is the well intentioned but toxic Community Investment Act of 1977. This Act and follow-up legislation were ...
... special interests pursue self aggrandizing policies to the detriment of the national economy. It is said that “There is nothing as permanent as a temporary government subsidy”. A U.S. example is the well intentioned but toxic Community Investment Act of 1977. This Act and follow-up legislation were ...
Current Issues in Economics
... New Industrial Policy • It is essential to increase productivity in manufacturing industry and associated services to underpin the recovery of growth and jobs, restore health and sustainability to the EU economy and help sustain our social model (EC ...
... New Industrial Policy • It is essential to increase productivity in manufacturing industry and associated services to underpin the recovery of growth and jobs, restore health and sustainability to the EU economy and help sustain our social model (EC ...
Presentation to the Forecasters Club of New York New York, NY
... would still rise throughout 2009 and into 2010. So, in this sense, the worst of the recession is not expected to occur until next year. And, even by the end of 2011, I would expect the unemployment rate to be above its full-employment level. So I wouldn’t call this a particularly rosy scenario. Seco ...
... would still rise throughout 2009 and into 2010. So, in this sense, the worst of the recession is not expected to occur until next year. And, even by the end of 2011, I would expect the unemployment rate to be above its full-employment level. So I wouldn’t call this a particularly rosy scenario. Seco ...
Economic Flow and Economic Growth - McGraw
... government and foreign sectors. Both of these sectors are important, but adding them to the model would make it more difficult to understand. The government sector is comprised, or made up, of units of the federal, state, and local governments. These units go to the product market to buy goods and s ...
... government and foreign sectors. Both of these sectors are important, but adding them to the model would make it more difficult to understand. The government sector is comprised, or made up, of units of the federal, state, and local governments. These units go to the product market to buy goods and s ...
designing a capitalist economy for fast growth and high
... some clever economist will be able and eager to show that the policy will be ineffective on his or her different theory. And to be frank, we differ in our ...
... some clever economist will be able and eager to show that the policy will be ineffective on his or her different theory. And to be frank, we differ in our ...
Economic geography and regional policy
... Comparative advantage suggests nations specialise in sectors in which they have a comparative advantage. New Economic Geography suggests that integration tends to concentrate economic activity spatially. General idea: ...
... Comparative advantage suggests nations specialise in sectors in which they have a comparative advantage. New Economic Geography suggests that integration tends to concentrate economic activity spatially. General idea: ...
Post–World War II economic expansion
![](https://commons.wikimedia.org/wiki/Special:FilePath/Suburbia_by_David_Shankbone.jpg?width=300)
""Golden Age of capitalism"" redirects here. Other periods this term may refer to are Gilded Age and Belle Époque.The post–World War II economic expansion, also known as the postwar economic boom, the long boom, and the Golden Age of Capitalism, was a period of economic prosperity in the mid-20th century which occurred, following the end of World War II in 1945, and lasted until the early 1970s. It ended with the collapse of the Bretton Woods system in 1971, the 1973 oil crisis, and the 1973–1974 stock market crash, which led to the 1970s recession. Narrowly defined, the period spanned from 1945 to 1952, with overall growth lasting well until 1971, though there are some debates on dating the period, and booms in individual countries differed, some starting as early as 1945, and overlapping the rise of the East Asian economies into the 1980s or 1990s.During this time there was high worldwide economic growth; Western European and East Asian countries in particular experienced unusually high and sustained growth, together with full employment. Contrary to early predictions, this high growth also included many countries that had been devastated by the war, such as Greece (Greek economic miracle), West Germany (Wirtschaftswunder), France (Trente Glorieuses), Japan (Japanese post-war economic miracle), and Italy (Italian economic miracle).