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  • Poverty Inequality And Economic Growth In Latin America
    1,748 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...
  • Fourth Characteristic Of Post Keynesian Economics
    1,343 words
    Post-Keynesian economic was formed and developed by economists such as Joan Robinson and Nicholas Kaldor who believed Keynesian economics was based on disequilibrium and uncertainty, and that challenges the general equilibrium assumptions of neo-classical theory. The main aim of post-Keynesian economics is to complete the unfinished Keynesian revolution. Post-Keynesian economists fundamentally used ideas from Keynes and his concept of effective demand, Marxist economist Michael Kalecki to provid...
  • Foreign Direct Investment From The Triad Member
    2,675 words
    "The transnational corporate system in the late 1990s" by Robinson Rojas (1997) Transnational direct investment in less developed societies in the 1990's is consolidating further the historical regional spheres of influence by the former colonial powers. By and large, Latin America, Africa, Asia and Eastern Europe are becoming more than ever "spheres of control of production and trade" by the financial and industrial centers of the world. Globalization is a task undertaken by the transnational c...
  • Past Five Years The Australian Economy
    682 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...
  • Culture's Impact On A Country's Economic Development
    3,323 words
    Introduction: The role of culture in the economic development of countries is often overlooked by economists, yet it can significantly affect a country's economic development. Culture generates assets, such as skills, products, expression, and insight that contribute to the social and economic well being of the community. I will show the benefit of culture's impact on economic development through tourism, social capital, and corporate governance. In contrast, culture can produce negative outcome...
  • Absence Of Economic Growth For Many Years
    868 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. D...
  • Economic Growth For East Asian Countries
    553 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. ...
  • Information Technology In 1999
    541 words
    In 1992, America was under economic distress and uncertainty as a country. America had experienced high unemployment, big deficits, high interest rates, low productivity gains and falling real wages for average Americans. After twelve years of national drift and economic decline, President Clinton charted a path to growth with the "New Directions" economic plan designed to create jobs, boost incomes, move our economy from consumption to investment, and reduce our deficit. His three-part economic...
  • Goal Of Economic Growth
    1,474 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...
  • Economic Growth In Developing Countries
    655 words
    Air Pollution is the contamination of the atmosphere by gaseous, liquid, or solid wastes or by products that can endanger human health and the health and welfare of plants and animals, or can attack materials, reduce visibility, or produce undesirable odors. For example: air pollution can contaminate and kill many crops on a farm, it may also prevent them from ever growing on that land again. If the farms had no healthy food to sell to us then people could die from poisoning. And if people start...
  • Favour Of Trade Between High Income Economies
    6,752 words
    Topic 1 - The Global Economy Globalisation Globalisation is the process by which the natural and government-created barriers between national economies are broken down. It can also be thought as the geographical dispersion of industrial and services activities and the cross-border networking of companies. Globalisation trends include: 1. The increase in the trends of goods and services between national boundaries - global markets. 2. The increase in movement of capital, labour, and technology be...
  • O The Policy
    450 words
    Main reasons of the "Irish miracle" After decades of poor economic performance, the Irish government adopted major changes in economic policy in 1987. While the about-turn in Ireland's fiscal policy did not have an immediate impact, the key elements of the "Irish miracle" were in place from the start of the 1990's and were to strengthen throughout the decade. 1. First, the economic situation was cleaned up. o The policy of fiscal tightening (spending cuts) to reduce the budget deficit o Commitme...
  • Factor Behind Japan's Economic Growth
    1,575 words
    Japan's Economy A. Japan's place in the world economic market: B. Brief Economic History: Postwar Development: The economy of Japan is a thriving complex of industry, commerce, finance, agriculture, and all the other elements of a modern economic structure. The nation's economy is in an advanced stage of industrialization, served by a massive flow of information and highly developed transportation networks. One feature of Japan's economy is the major contribution of manufacturing and services, s...
  • Quest For Economic Growth
    2,297 words
    II: Summary In The Elusive Quest for Growth, William Easterly will attempt to explain why growth matters, those previous attempts to increase growth that have failed, and his personal perspective on what needs to be done to complete the elusive quest. In his prologue, Easterly begins by comparing this quest, the elusive quest for growth, to other famous quests in history. These include the Golden Fleece, the Holy Grail, and the Elixir of Life. Through this comparison, he tries to highlight the i...
  • Economic Growth Within The Euro Zone
    3,073 words
    Introduction On January 1 1999, 11 countries of the European Union (EU) elected to renounce their national currencies to form a single currency, known as the Euro. The new combined economy established the Economic and Monetary Union (EMU) alongside a new European Central Bank (ECB). Greece is the latest to join this bloc, becoming the 12th member state of the eligible 15 countries. The move was a significant historical event in restoring the unification of Europe that had ceased to exist since t...
  • Potential Growth In The Long Run
    1,233 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...
  • Economic Growth And Gdp
    1,185 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...
  • Increased Rates Of Economic Development And Growth
    1,598 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...
  • Positive Economic Growth Rate
    648 words
    I. The Asian Economy Bottoms Out In the first quarter of 1999, the East Asian economic region witnessed positive gross domestic product (GDP) rates in South Korea, Singapore, and the Philippines, while Hong Kong and Malaysia reduced their negative GDP rates, beating previous economic forecasts. Looking at the basic economic indicators in the first quarter of 1999, most observers believe that the East Asian economy has bottomed out and is beginning to recover from its darkest hour. At the same ti...
  • Explanations Of Economic Development In Thailand
    1,262 words
    Assessment Of Economic Progress In Thailand, 1985-95 Assessment Of Economic Progress In Thailand, 1985-95 ASSESSMENT OF ECONOMIC PROGRESS IN THAILAND, 1985-95 Here is a list of the main measurable indicators of economic growth and structural change for Thailand to be observed by World Bank staff members who are visiting there. To ensure a successful tour of business meeting between the World Bank representatives and the Thai government and their business executives, I feel that a thorough unders...

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