The pursuit of service economy, which dictates the specialization in the service industries, is one of the newest economic concepts that ensure the realization of the economic growth.
In addition to the frequent outbreaks of conflict and instability among African states, the rapid increase in the continent’s population poses a threat to economic development.
In addition, the paper discusses the sources of the economic growth data and the formula the country uses for making calculations of its various economic indicators like the GDP.
Social equality provides individuals with equal opportunities to contribute to the growth of the economy. Equality also ensures that the potential of the society is fully exploited to enhance the development of the entire community.
Development is a term that can be used to explain the way the resources are put to efficient use as the greater the positive usage of resources; the more the state of development.
In the broad sense, it is an intensive productive factor of economic development, including the educated part of the labor resources, knowledge, tools of intellectual and managerial work, and the environment of living and working.
To this end, the author is going to discuss the relationship between economic development and economic growth Economic Development Overview Economic development is characterised by the initiatives put in place to spearhead improvement of the […]
Differences between economic growth and economic development When compared to economic development as we are to witness shortly, economic growth is a simpler and narrower subject.
The study of knowledge economy highlights the significance of ICT and learning in the creation of wealth and competitive advantage in the global economy.
Political influence on monetary and fiscal policies of the country by the end of the century facilitated the continued stagnation of the Kenyan economy.
The concepts of sustainable development and economic growth are interconnected with the aim of protecting the available wealth of the earth and at the same time creating more opportunities towards satisfaction of human needs.
At the time, Japan had limited access to foreign markets, and the Sogo Shosha companies offered an important bridge between Japan and the rest of the world.
Although the subject matter is typically viewed as the means of explaining the development of the contemporary society from the perspective of the cause-and-effect concept; however, the specified approach is a common misconception and a […]
India in particular has become one of the fastest growing countries in the world after China and the country shows signs of maintaining the growth momentum in a sustainable manner.
The Federal Republic of Nigeria is a country located in the western part of the African Continent. The paper is going to tackle the economic evolution and the current economic status of Nigeria.
Entrepreneurship capital is the main factor in the neoclassical production function which is the ability of economic representatives to start new organizations.
Because of constant development of the richest economies, such as the United Kingdom, and United States, the consumption levels of the global population surpass the actual amount of natural resources that the Earth has prepared […]
The researchers found that there was a clear relationship between the prevalence of disease, especially malaria, as well as the productivity of agriculture in tropical zones, and the low economic growth rate.
The paper under analysis covers the topic of the relationship between foreign aid and economic growth in developing countries. There is a raging debate on the real effect of foreign aid on developing countries, and […]
The journal article “External Debt and Economic Growth: The Case of Emerging Economy” by Sami Al Kharusi and Mbah Stella Ada highlights some of the impacts of external debts on a nation’s economic growth.
Due to the increased use of robotics and AI in the production industries, it is imperative to understand the contribution of mechanization in the economic world.
This is due to the fact that the financial assistance provided by the West to the countries of Africa is not gratuitous, but leads to the formation of state debt.
The inflation rate in the country is an indicator of the degree of depreciation of money. In the United States of America, this indicator is significantly higher and is 0.1%.
The article by Saleem et al.is closely connected to the topic of factors contributing to productivity growth as researchers explored the impact of innovation and total factor productivity in Pakistan’s economic environment.
One common belief about the environmental policy is that it results in layoffs as well as closure of plants and reduces the level of competition in the market.
The corresponding figures characterize the structure of economic dynamics and the diversification of the labor market. The research limitation is the multifactorial nature of economic growth and unemployment indicators.
National policy makers and the development economists have been interested in the study of the interface between growth and equality in the past, but recently there have been a revival of this subject.
However, the labor share of GDP is the highest in the upper-middle-income sector which demonstrates the growth of a strong middle class in the country.
The aim of this report is to show the status of the economy of Australia. The number of young people in the country constitutes the greater percentage of the population.
A significant part of the population was active in employment, and this means that the numerous income-generating activities improved the economy of this country.
The article reviews the part that the traditional scale economies and diversities in the improvement of the economic growth. The diversity of cities should therefore be valued as factor contributing to economic growth.
The data which has been queried from the database are related to gasoline prices in California, the unemployment rate in the US, the inflation rate in the US, and Real GDP.
Sponsorship of trademarks will help the general public identifying the owner of goods in the market as also the availability of goods and services in the market and can protect people against false practices.
The variable of choice is REGION because of the numerical values assigned to Southeast Asia and the OECD countries. Finally, the fourth variable is degree of participation in foreign trade.
Nor was the dominant ideology appreciably affected by the novel and radical doctrines that penetrated the intellectual barriers of the nation in the early twentieth century, as the shift in the tide of immigration carried […]
Ireland today being named as ‘Celtic Tiger’ for the economic boom it has experienced from 1990s to 2001 and then from 2003 to 2006, which has changed the fate of this poor economy to be […]
In turn, the key deliverable that the exercise mentioned above is expected to produce will be represented by a rise in the quality of communication between employees and managers.
It is suggested that the combination of these ideologies enhances the freedoms of individuals, and allows the economy of the country to develop at a rapid rate.
At the beginning of this chapter, David Weil discusses the role of technologies in increasing economic growth and productivity. This notion is used to describe a situation when the arrival of new technologies harms both […]
During the creation of the European single currency, the EMU left the fiscal policy to the individual member states. Subsidization of agricultural products in developed countries leads to overproduction and thus affecting the trade cycle.
The author analyzes the political and legal situation in the developing countries and devises two principles in integrating and blending informal and legal systems of property ownership.
This is because descriptive research is the most appropriate research design in a study that makes use of a hypothesis and research objectives and questions. In this case, a pilot study will be conducted prior […]
The most common land reform approach is state-controlled land reforms where the state seeks to promote land redistribution to contribute to the socio-economic development of a country.
Throughout the article, the author uses data to show that increasing government spending on higher education has a negative impact on economic growth, and it leads to a decrease in the number of students joining […]
In the 20th century, many events that transformed the global political structure had occurred: the collapse of the bipolar system of international relationships, development of independent sovereign states with the communist historical background, regime changes […]
The current situation poses a significant risk for the future, as it is unclear whether or not the country will be able to take its place on the global oil market again nor what the […]
The Southeast Asian peninsula is made up of the countries that are geographically positioned south of China, north of Australia, and east of India. The metropolitans are extensions of the cities to the periphery as […]
Besides providing the reflection of the status quo of China’s economic phenomenon aspect, section 3 offers recommendations that the country can establish to address the wanting legal protection of minority shareholders.
The study is important because many studies that have analyzed the relationship between economic growth and FDI have examined the effect of FDI on economic growth.
According to the latest information on the state’s progress, the premises for the growth of the international business in the UAE have been set rather successfully, with a range of areas, where international organisations may […]
According to the Bureau of Economic Analysis, the United States is one of the largest economies in the globe. This fact explains why the country is the largest economy in the world today.
To ensure that the country attracts more investment, the government has put in place strategies to make the country investment conducive for both local and foreign investors, mainly from the United States and the Middle […]
Although Byres affirms that MNCs may have a positive economic impact on their host countries, he says the economic sectors that align with their operations benefit from the companies, at the expense of other economic […]
Considering the drawbacks of economic growth as a measure of performance for economies such as failing to record productivity in the black markets, Keith asserts that all nations endeavour to ensure a balanced economic growth.
As a result of the projects financed by the international lending organizations, Kenya has seen a growth in the percentage of children accessing free basic education.
Supporters of China’s export-led growth strategy believe that the approach has enabled the country to improve its economic fortunes in the last three decades.
It is necessary to lower the cost of sending remittances in order to increase the annual amount by recovering the excess that is used to cater for the exorbitant costs imposed by money transfer companies.
Another factor the author explains in a more in-depth manner in the book is the method of the comparison made in the determination of the level of economic growth.
However, this has not had much impact on the development of the country due to inefficiencies in the government. It is important to note that the private sector is restricted in Cuba and the government […]
The other theory suggests that the de-industrialization of Indias economy was a result of the British victory in foreign markets for cottage made manufactures, followed by its penetration in the India’s home market with cheap […]
The main issue of the article is an establishment of collaborative bonds between Etihad Airways and the government of Maharashtra. The opportunity to extend the purposes of the transitional services by launching the first touristic […]
Of greater essence in the paper is the collection of a set of data and literature that will help in linking the scale of violence and instability caused by the civil war in Sudan and […]
The Australian Bureau of Statistics declared that in the year 2005-06 to 2009-10 witnessed the increase of 21% in the GVA of mining industry in Australia.
Overview of the task There is a compelling need to highlight the importance of services economy which policy makers and entrepreneurs alike can benefit from, by making use of the economic and business potential in […]
Importance of technology in the service industry Another reason for building service economy is because of the technological advancement in the service industry.
The national interest is to be proactive in responding to challenges affecting the people of the UAE and to leave a legacy of prosperity and stability.
It is the wish of every country to realize improved and sustainable economic growth and financial development in order to improve the living standards of the greatest majority among its citizenry.
Kalpana and Jolly describe that to date, communication industry in the Asia-pacific area have been boosted by flexible and mobile networks and the relevant maintenance of data systems. The maintenance of high economic growth reduces […]
Although the relevance of the EKC and the focus on the stages of development as the important factors to speak about the relationship between the economic growth and environment are highly debatable issues, it is […]
The study of economic history of Canada involves the analysis of the prevalent economic institutions and industries. The major analytical part of the paper will concentrate on the role of settlers in developing the economy.
For example, service industries form the largest category in the Australian and Canadian economy in regards to employment, and businesses. In addition, the need for organizations to develop their service offerings is due to the […]
Ettlie Rosenthal postulates that a customer is always engaged in provision of a service, and the reaction of the customer to the service affects the quality.
Similarly, the labor, which is the human asset employed in the realization of this output of cooperation, will necessitate the international bodies to observe and regulate all the players in the international trade.
Because of the growth theory and the development theory having fostered the process of technological advancement as the core reason for economic growth, most of the Asian economies have embarked on the initiative.
This piece of work gives a critical discussion of the various factors that are associated with the rapid economic growth in China in the last three decades and their implications in the country as well […]
Despite the call for minimization of the role of the state in regulating trade and other economic activities by proponents of trade liberalization following the demise of the Cold War in 1980s and 1990s,it is […]
On the road to becoming the second largest economy, China has experienced growth rates of about 10% in the last 30 years making it to top the list of the fastest growing economies.
On the same note, trading with China has led to increase in prices of raw materials that are produced by countries in Sub-Saharan Africa thus leading to expansion of Gross Domestic Product.
The article by Wang and Yao, however, sought to use data of China’s human capital stock to analyze the economic growth of the country. China’s involvement in the global economy subjected it to the effects […]
Ascertaining the influence of economic growth in health care is necessary for policy makers since such an intimate understanding of the relationship between economic growth and population health will enable them to formulate astute policies […]
The level of increase in output of services and goods is used as a measure of economic growth. Kenya’s government has been trying to be ahead of population growth, and this has been favored by […]
As a result, support for investment and exports is one of the most successful methods that have been used to encourage economic growth for typical firms in Hong Kong and Singapore.
Describing the concepts history, contributors and the how the changes occurred in the economic history In line with the World of Economics, economic thought began with the onset of industrialization.
Political instability in the country can be traced to the middle of the twentieth century after the assassination of the country’s president in the year 1948.
The resulting graduates therefore worked in the manufacturing sectors of the economy and thus led to the improvement of the quantity and quality of outputs.