The World Bank is currently advising newly industrialized countries on how to encourage growth and they have asked for your help. Using the internet and other resources, write a 2 page essay researching the factors behind economic growth in Hong Kong and Singapore. Which of these methods of encouraging growth would you suggest to a newly industrialized economy?             Hong Kong and Singapore together with […]

Is faster economic growth always a good thing? Argue the case for and against faster growth and then come to your conclusion. Economics growth has been studied in differences camps. economics, environmentalist and sociologist have been debating years about the causes and effects of this one, it is a fact that economic growth is link with life quality and the first one can affect the […]

Main features of this period are that the economic policies characterized as interventionist and protectionist were carried out within the development plans. Accordingly, policies were mainly designed to protect domestic industry from foreign competition and increase the government controls over the allocation of resources and production of goods. And Kara, 2002:41) The 24th January 1980 Decisions were announced in order to prevent inflation, to fill […]

There are three views about the relation between economic growth and financial development. First, financial development has impact on economic growth (i. e. Bagehot, 1873; Schumpeter, 1912; McKinnon, 1973; Shaw, 1973; Patrick, 1966; Goldsmith, 1969; Fry, 1973). Second, economic growth leads to financial development and that where there is economic growth financial development follows (i. e. Robinson, 1952). The third view, however, contends that both […]

Economic growth Economic growth is usually associated with technological changes. An example is the large growth in the U. S. Economy during the introduction of the Internet and the technology that it brought to U. S. Industry as a whole. The growth of an economy is thought of not only as an increase in productive capacity but also as an improvement in the quality of […]

Resources used by Tesco are several in its multi stage operation. Tesco has huge operations of scale in Production, Procurement, Storage, Marketing, Finance and Supply chain management to name a very few core functions. Resource management is at the heart of the profitability function of any economic unit. These resources can be primarily grouped into Products, Services, Personnel, Capacity and Strategy. Tesco allocates one resource […]

Economists have demonstrated that economic growth and insurance development are interdependent nd that a world without insurance would be much less developed and much less stable. How Insurance Sector promotes Economic Development Insurance including insurance brokers promote economic development through various channels: Insurance reduces the waste of country and brings a market confidence. Insurance reduces the capital firms need to operate. Insurance fosters Investment and […]

Introduction Deflation in Japan or The Lost Decade Japan’s economic development of the sass ended at the start of the sass. At the end of sass, irregularities inside the Japanese economic organization had qualified a hypothetical asset price bubble of massive scale by Japanese enterprises, banks and securities corporations. The mixture of extremely high land prices and low interest rates temporarily caused sharp liquidity of […]

PUBLIC EXPENDITURE AND ECONOMIC GROWTH WHAT IS PUBLIC EXPENDITURE? MEANING: Public expenditure refers to Government expenditure i. e. Government spending. It is incurred by Central, State and Local governments of a country. Spending by government , municipality, or any local authority. It covers things such as health, education or social services and is funded by tax revenue. It is one of the element that make […]

Economic growth is defined by, among other things, material capital formation, human capital formation and the creation of innovation. Put another way, economic growth is determined by the amounts and types of capital and labor that are invested, and how they are utilized for production. The objective of economic growth through economic policy is not necessarily GDP or GNP maximization but maybe enhancing and improving […]