• Latin America Poverty And Inequality
    1,780 words
    Latin America Poverty and Inequality This avalanche of negative points summarizes problems that have persisted in Latin American countries for decades. In addition, as usual, the group in these countries to pay the highest price is the poor. However, what factors have been the main causes of persistent high levels of poverty, and high-income differentials in Latin American countries Furthermore, just how serious is the situation of the poor today in each individual Central and South American cou...
  • The Operation Of Monetary Policy
    1,590 words
    Monetary policy refers to actions by the Reserve Bank to influence the aggregate supply and cost of credit in the economy. The main tool of monetary policy is the Reserve Bank s use of market operations to influence the cash rate or interest rate paid on highly liquid deposits in the cash market or short term money market. By influencing the cash rate, the Reserve Bank is able to indirectly affect the term structure of interest rates in the financial system, which in turn will affect the level o...
  • Top 5 Inventions For Economic Growth
    489 words
    The ultimate engine of economic growth is new technology. According to economists, the growth of output per capita is a fairly recent phenomenon. This can be attributed to all the new technology people have discovered in the past few centuries, causing output growth to surge and accelerate faster than ever before in history. The result of all these ingenious, innovative inventions has been a total revolution in the way people live their lives. After examining the multitude of invention descripti...
  • Australian Economy Economic Growth Year
    667 words
    With reference to economic indicators describe the economic conditions prevailing in the Australian economy over the past five years. Over the past five years the Australian economy has gone through many changes experiencing both the peaks and troughs associated with business cycle. Five years ago, in the middle of 1997 Australia's economic growth had begun to upturn after a period of recession during the '96 year. This was unmistakably shown through the composite indicators of retail trade, dwe...
  • Laissez Face Government Federal Growth Act
    399 words
    is sez-faire policy has always been a fundamental principle of the federal government. Between the years of 1860 and 1900, the government s role seems to be very small. New government policies are almost nonexistent and the few policies they enforced were standard government administrations. However, toward the end of the century, economic growth in the US can be linked to direct government intervention. From the mid 1970 s to the early 1890 s, the federal followed standard government procedure ...
  • United States Economic Recession Economy
    830 words
    The U. S. economy is on the verge of dealing with its tenth recession since World War II. "The economic data coming in are some of the first post-September 11 readings, and they reflect the initial shock on consumer and business activity. The numbers prove that households and companies did exactly as expected when a crisis hits: They froze (Madigan 48)." However, consumers fail to realize that our economy is subject to a periodic, but irregular up and down phenomena known as the business cycle. ...
  • Rapid Economic Growth In East Asian Countries
    523 words
    Rapid Economic Growth In East Asian Countries Over the past decade, there has been rapid long-term economic growth for East Asian countries. These newly industrializing countries are experiencing growth rates in GDP per head at around 6% to 7% compared to the 2%to 3% for most industrial economies. If this growth continues, South Korea and Taiwan might take away America's distinction as the world's richest country. This rapid economic growth is a result of several economic and political factors. ...
  • Free Trade In Canada
    633 words
    The main goal of free trade is to make trade between nations easier and less costly. The way it achieves this goal is by removing barriers such as tariffs, eliminating regulations and dismissing certain standards, which allows the market to balance itself through the pressures of market demands. The free trade system has existed now for just over two-hundred years, beginning just after the industrial revolution. It has been successful in promoting independent action, advancing technology and thu...
  • Conflicting Goals In Economic Growth
    909 words
    Conflicting Goals in Economic Growth Goals of monetary policy are to 'promote maximum employment, inflation (stabilizing prices), and economic growth.' If economists believe it's possible to achieve all the goals at once, the goals are inconsistent. There are limitations to monetary policy. The term 'maximum employment' means that we should try to hold the unemployment rate as low as possible without pushing it below what economists call the natural rate or the full- employment rate. Pushing une...
  • Long Run Inflation Economy Output
    368 words
    Federal Reserve Board Chairman Alan Greenspan vows to promote low and stable inflation. The main goal of the U. S. economy is to maintain price stability. This reduces the likelihood that imbalances could develop that would ultimately undermine the record economic expansion that the U. S. is currently having. The United States has two basic goals for its economy: to promote maximum output and employment and to promote stable prices. In the long run, the level of output and employment in the eco...
  • Canadas Economy In 1996
    1,413 words
    Canada's Economy in 1996 To investigate the state of the Canadian economy, it is very useful to track Canada's six major economic goals: economic growth, economic stability, economic efficiency, economic equity, viable balance of payments, and low unemployment. At a given time, Canada is achieving some of these goals while falling behind on some of the others. When taken all into consideration, these goals give an indication of how well Canada has been doing and the stage of the business cycle t...
  • Eliminating The Capital Gains Tax
    794 words
    Eliminating The Capital Gains Tax One of the major obstacles facing all entrepreneurs in the United States when starting a new business or expanding an existing one is raising capital. Here capital refers to money that people invest in a business. Investment and entrepreneurship are the heart and soul of a lively economy. There is no other economic task more important than investing one's capital into new ideas and new enterprises. Therefore capital raised from one person or a group of professio...
  • North And South United States
    1,568 words
    The first two reading selections for Economics 344 make some notable observations about the growth and development of budding economies. In Engerman and Sokoloff s chapter entitled Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies, the authors compare the economic growth levels of the North American colonies to those of Latin American colonies. Then, in Tracking the Economic Divergence of the North and the South, Peter Coclanis notes the different econom...
  • The New Business Economic Growth
    566 words
    The latter part of the nineteenth century was a time of unprecedented economic growth in the United States. The advances made during, and the effects of, the industrial revolution of the late eighteenth century put the US on a course for increased productivity and economic growth in the late nineteenth century. The nation now stretched across the North American continent from the Atlantic to the pacific coasts. Connected by railroad lines, transportation between the cities and far off areas of t...
  • Japanese Government Made Two Major Macroeconomic Policy Economy Japan
    349 words
    Japan is the world's second largest economy with a gross domestic product of roughly more than AU$5. 2 trillion in 1997. Japan's economy is larger than that of Germany, the United Kingdom and France combined. It is ten times the size of China and seventeen times the size of India. Japan represents almost three quarter of the entire Asian economy. Furthermore in 1996, Japan's economy had the highest growth rate of 3. 6% in the industrialised world. The Japanese economic pie grew at an annual...
  • Construction Industry Growth Economic Unemployment
    725 words
    Put simply, a business's goal is to maximize profits. This requires any company to remain competitive in its market and this in turn requires management to make decisions. These decisions are influenced by the 'business environment'. Macroeconomic factors including economic growth, unemployment, and inflation are part of the business environment and highly influence the decisions of the business. Inflation Fluctuating levels of inflation creates uncertainty and firms may be reluctant to commit f...
  • Potential Growth Increase Run Actual
    1,181 words
    Why are some countries rich while others are poor? The answer to this question explains the theory of economic growth. "The question so fascinated the classical economists that it was stamped on the front cover of Adam Smith's famous treatise, an inquiry into the nature and causes of the wealth of nations." Economic growth can be simply defined as the growth of real output of an economy over time. Economic growth is usually measured in terms of an increase in real gross national product (GNP) /g...
  • Is Gdp A Valid Measure Of Economic Prosperity
    1,155 words
    GDP OPINION PAPER Once upon a time, in a land far, far away, a small island existed. This island was the best place in the world to live in, it was in the Caribbean Sea, great tropical weather, sandy beaches, but most importantly a GDP of two Trillion US dollars. Who can argue that this island is a bad place to live on, who can argue against statistics? Statistically each person was suppose to have two trillion dollars, but realistically there were only two people on the island, one being the ri...
  • The Impact Of Globalisation On World
    1,514 words
    In the process of globalisation, the world has not only witnessed improved economic states and greater standards of living and quality of life, but also the coming together of a large world. Globalisation is not merely an economic phenomenon, but also extends to social and cultural aspects. In the past decade, where globalisation has been most prevalent, there has been growing contact and transfer of social and cultural aspects. While those in opposition to globalisation may claim an "Americaniz...
  • What Is Economic Growth
    2,265 words
    What is economic growth and how is it measured. What are some of the factors that inhibit growth. Using specific examples, show how some countries have achieved high rates of economic development. Economic growth is the ability of a nation to expand it productive capacity, resulting in an increased aptitude to satisfy the material wants of the nation. It occurs as a consequence of the increased availability of goods and services available for consumption and / or investment by the people. Econom...