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Process of Economic Development Essay

… Economic Development

Role of Geography and institutions in economic development

Over the years, there have been debates on the role that geography of a nation or continent plays in contribution to the economy of a region. On one hand, there are scholars who argue that the geography of a location is central and plays a big role in determining the economy of a region and yet on the other hand, there are those scholars who argue that the economy of a region is mostly determined by the institutions that are within the population and how they are managed by the people in the management positions. Each side of the arguments have been quick to point out a few facts that are in support of their…. [read more]


Economic Development Is a Key Term Paper

… System of incentivizing workers to increase productivity was also introduced.

(Chenery) in a comparative framework for assessing performance of China in comparison to other developing countries says that China has achieved the adequate industrial structure and investment structure of a middle-income country. The author says, "In the case of China, industrialization has proceeded much further than is typical for countries of its income level." The author also attributes slow population growth in the country as a factor to achieve economic growth. Moreover he gives credit to the autarkic policies followed over three decades in China for its industrial growth.

China now has a per capita gross national income of about U.S.$4,260 (World Bank). It stands in the queue of upper middle-income countries. Now the country…. [read more]


Economic Development Essay

… Economic Development

The country I have selected is Vietnam. Vietnam is a rapidly developing country, but still predominantly underdeveloped, with a GDP per capita of just $2,800. The global economic crisis is expected to reduce Vietnam's GDP by 4-5% this year, as the country is highly dependent on exports. The economy is still largely dependent on light industry, which accounts for 42.7% of GDP. Services account for 38.4% and agriculture 19%.

Vietnam operates as a mixed economy. Still under Communist rule, Vietnam suffered decades of stagnant growth due to war and then a rigid command economy. Once financial support from the Eastern Bloc dried up, Vietnam's economy struggled. Finally in 2001, they followed China's lead in opening up their economy. The company joined ASEAN, signed…. [read more]


Economic Development and Opposing Theories Research Proposal

… ¶ … Economic Development and Opposing Theories

In the United States, current economic crises have left many states, governments, and individuals worried about unemployment, retirement, and bankruptcy. While this is a federal program, it translates to the states. In many ways and for many reasons, states try to develop their economies. This is most obviously seen during years when the governor is up for election. With policies to decrease unemployment, encourage college attendance, and encourage firm development, governors and their state advisors attempt to increase economic development. For decades, politicians have been theorizing about state economic development, how it takes place, why it takes place, and how it can be classified, among other research questions. This study will examine four relevant studies in the field…. [read more]


Economic Development of Eastern Essay

… The relative success of Western Europe's economic policies following World War II is evidenced by the stark distinction between the economic development of East and West Germany following the war, because while the former was dependent upon, and controlled by the Soviet Union, the latter had access to the definitively more well-off Western Europe, and as such was able to expand its economy much more rapidly and freely. This is why, for example, West Germany had no problem cutting off all economic ties to East Germany in 1951; "the inner German trade was much more important for East than West Germany," because the East depended heavily on the importation of crucial materials such as steel, coal, and iron, while West Germany had a much broader…. [read more]


Analyzing the Economic Development of a U.S. City Term Paper

… ¶ … economic development of a U.S. city

The Economic Development of New York City

New York City is one of the most important cities in the world, its importance being granted by its numerous population and history, and by its influence on global level. The influence of New York is exerted in various fields, like commerce, finance, media, culture, art, fashion, research, education, and entertainment. In addition to this, the United Nations Headquarters is located in New York, which allows the city to present itself as an important international affairs center.

The city is located in the state of New York, on the Atlantic Coast of the U.S. The city is also famous for its neighborhoods, depicted in numerous films and TV series. These…. [read more]


Phd Proposal Economic Development ICT and Poverty Reduction Term Paper

… ¶ … Economic Development, ICT and Poverty Reduction in Ethiopia

The objective of this work is to propose a research study on the link between economic development, information and communication technology (ICT) and poverty reduction, and specifically in the country of Ethiopia.

Every nation has embarked on economic development and usages of information and communication technology in socio-economic, health, education, and many other areas as well. This work seeks to research the existing indications that countries such as Ethiopia might not have an effective ICT policy thereby barring or hindering the development hoped for through ICT. India has effectively set out policy framework that supports the development of ICT. Specifically the country of Ethiopia is stated to have ranked "...158 out of 12 in the…. [read more]


Economic Development Term Paper

… Economic Development

The objective of this work is to define precisely what economic 'development' is through making an examination of the relationship that exists between economic development, economic growth and income. The question that will be answered are those of: "How would one characterize the importance of UNDP's Human Development Index (HDI) and the UN Millennium Goals (MDGS) This work will also discuss and analyzes some of the characteristics that are inherent in rapidly growing economies.

ECONOMIC 'DEVELOPMENT' DEFINED

Economic development is the term used to refer to the "development of the economic wealth of countries or regions for the well-being of their inhabitants." Economic development is evidenced when an increase in living stands is sustainable which "implies increased per capita income, better education and…. [read more]


Economic Integration of GCC Countries: Latest Developments Since 2010 Essay

… This indicator is inopportune when focusing on other indicators.

There is also a dangerous debt in non-oil producing countries. They have no choice but to implement the policies. Countries like Bahrain, Saudi Arabia, and Oman are facing pressing challenges when it comes to labor. In these countries, national workforce has been rendered inopportune to deliver since foreign labor (with better services at cheaper rates) especially from India and Africa have recently flocked the labor market. Therefore, GCC is currently pursuing policies, which will seek to replace foreign workers with local workers. To accomplish this, GCC is advising member states to pursue a combination of mandatory of market-based and as well, policies which will seek to promote non-oil economic growth.

Although the population of the GCC…. [read more]


Economic Development Agency Essay

… With respect to the activities of the organization, such measure would include; putting into place appropriate mechanisms for the implementation of the program, involving enough resources into their activities, advocating for the formulation and implementation of laws that would aid them in accessing proper information and using diverse mechanisms in obtaining the data they need in their mission. They state, on the other hand, ought to act on adequately their role of facilitating the performance of such development conscious organization. The state should, in light of cases like this, go a little bit slow in regards to the laws they implement in restricting access of information by such agencies.

With reference to putting into place appropriate mechanism for setting up their operations and achieving their…. [read more]


Economic Development and Crises Term Paper

… Economic Development and Crises

The modern day economy is currently confronted with the most challenging contexts since the 1929-1933 Great Depression. The contemporaneous crisis commenced within the United States real estate sector and gradually spread out across the rest of the industry sectors, as well as across the rest of the world.

Thomas Palley recognizes the role played by the real estate bubble and the excessive debts of the American population, but argues that the crisis was also generated by a series of macroeconomic forces, such as the inadequate economic model implemented at the basis of the U.S. economy growth, or the inadequate policies which regulated the economic community. At a general level, it is observed that the modern day financial crisis has been based…. [read more]


Impacts of Types of States on Economic Development in Southeast Asia Term Paper

… ¶ … economic development in Southeast Asia

The Impacts of the Types of States upon Economic Development in Southeastern Asia

Southeastern Asia is a term that encompasses several countries geographically placed on the southern region of the Asian continent, delimited from west to east by Western Asia, Central Asia, Eastern Asia and Southern Asia. The actual countries of the southeastern Asia are geographically placed in the south of China and the east of India. The region is globally characterized throughout the large number of inhabitants: 1.6 billion people, which comprise one fifth of the entire global population.

Along the years there have been numerous disputes as to whether or not all countries in the region ought to be included all together in the same group.…. [read more]


Private Sector Investment and Economic Literature Review

… Further considerations on the unlikely eventualities are incorporated. In this case in order for sustainable development to occur through private investment there is need not only for saving to provide borrowing funds. There is also the need for stability and a sense of assurance is observed. In a more advanced investment theory by Tobin, the Tobin's Q. theory of investment, the driving for investment is the ratio of capital stock replacement cost to the existing capital stock to the market value (Tobin, 1969). In his theory it is argued that lags in delivery and marginal cost of investment increases give reasons for "Q" to be significantly different from unity.

The notion brought about by Schumpeter highlights the role of private investment in resource allocation and…. [read more]


Trade Issues in Economic Development Term Paper

… Trade Issues in Economic Development

This report attempts to present insights into trade issues as they relate to economic development, globalization and developing countries. Today, globalization and world trade are being spurred on by new advances in technology, finance and social understanding. Consider the new advantages of our global banking system. Today banks have the capabilities to move billions of dollars to any locale in the world in mere milliseconds. Our oceans are traversed by multi-level cargo container ships and super oil tankers in weeks as opposed to months. If they are not fast enough, the option of flying a cargo plane to any point in the world is just a satellite or cell phone call away.

Our highly competitive and globally centered market place…. [read more]


Relationship Between Population Growth and Economic Development Term Paper

… Economics

Relationship Between Population Growth

And Economic Development

This report aims to discuss some of the relationships between population growth and economic development. Economic growth is an objective of every nation in this highly globalized economy. Every African, Asian and European nation would love to mimic the United States and China in the sense of economic production. As each nation attempts to grow their own Gross Domestic Product, one would think that each and every citizen of those growing nations would directly benefit in direct proportion to growth. The Gross Domestic Product has most often been used as one of the world's economic growth and well-being indicators. The Gross Domestic Product is used because it represents a total value of all products and services bought…. [read more]


Traditional, Neoclassical School of Economic Term Paper

… Three, the creation of one urban job causes the loss of more than one rural job. Because the potential urban wage for an individual is significantly higher than for the rural wage for the same individual, it will be worthwhile for multiple rural workers to take their chances on finding a better paying urban job. Providing improved education opportunities and governmental encouragement of urban job creation makes the urban unemployment situation worse.

Question 3:

The role of women has been changing due to the connection between women's roles and various problems in many developing countries. Economic development and the evolving role of women have played a part in economic development. To evaluate the affect of women's roles it is necessary to define the method for…. [read more]


Economic Development the Failure of the World Term Paper

… Economic Development

The failure of the World Bank to predict the NIC crisis of the late 1990's is mostly blamed upon a misperception advocated by economists and political scientists of the West. This misperception entails that the high growth rates experienced by Asian countries since the 1960's led to the assumption that the economy in these countries would not only remain stable, but would continue experience extreme growth far into the future. This is an assumption that was remarkable similar in all sectors of the academic world, although some held that the economic growth was related to free markets, while others held that the interventionist state should receive the honors for the phenomenon.

The infatuation of the Western world with the high growth of the…. [read more]


Foreign Aid and Economic Development Thesis

… They discovered concrete evidence that foreign aid would boost economic development. The three authors asserted that, developed countries should provide the most favorable aid to developing nations to boost their economic development (Barro; 1990, Barro; 1991 Barro; 1996).

Conclusion

Foreign aid plays a significant role in supporting growth processes within developing countries. The empirical evidence it produces is intricate and mixed. Most of the developing countries rely on the help they obtain from donors in order to carry out most of the projects they have within their countries. On the other hand, interested donors dispense their financial assistance but with conditions. This is to ensure that accountability level is the key thing while accounting for the finances dispensed. In addition, there are other measures that…. [read more]


Role of Private Investment on Economic Development in Iraq Literature Review

… Role of Private Investment on Economic Development in Iraq

Private investment in developing countries

An overview on early Empirical studies

In 1980s, the developing countries encountered some increment in their development behaviours with debt crisis, which affected the formation of capital. Concurrently, the affected countries were transforming from the post-era to a structural reform efforts. In mid 1980s, the developing countries adopted the reform programs within the new paradigms (Serven&Salimano, 1993) & (Jaspersen, Aylward&Sumlinski, 1970). Consequently, this led to the formation of environmental private sector that highly relied on the existing market. The formation and implementation of the new policies affected the availability of response to the private investments. The debt crisis lowered the private investments within the developing countries and this disheartened them. The…. [read more]


Shareholder Capitalism as a Model Research Paper

… The opportunity to easily remove equity made a wealth effect-driven increase in consumer consumption, raising housing as well as retail sectors whilst producing increasingly risky amounts of household bill (Greenspan and Kennedy 2008). As soon as house costs inescapably corrected course, countless homeowners saw themselves owing much more on their house than it had been worth, as well as mortgage non-payments made a cascading financial shrinkage that rapidly dispersed all over the world. At this moment, approximately one mortgage in 4 in the U.S.A. is underwater (i.e., a home is worth lower than the total amount left over the loan)-a figure likely to rise in the near future (Davis, 2010).

The flooding of this real estate bubble as well as its attendant after-effects revealed the…. [read more]


Poverty and Economic Development Essay

… In other words, participate actively in making decisions that affect their life chances and engage the process of their empowerment, which are essential to improving their material conditions.

Trade and Investment

Trade and investment is very critical constituent of economic growth and a significant foundation of creating jobs and sustainable growth of the economy for Africans countries and both communities and producers. Despite the economic development which is visible in seventeen countries across the Africa continent for the last decade, most sub-Sahara Africa countries have done the necessary requirement to benefit from worldwide trade. During 1980, sub-Sahara Africa countries was having 6% share of the total global trade. But according to Adejumobi (2004) in 1998 the share of the total contribution of sub-Sahara Africa to…. [read more]


Economic Systems of South Korea Term Paper

… The government also fostered development by allowing South Korea to be a destination of several global manufacturers. The government also provided impulses for foreign and local investors through expansion of its network of free trade agreements. This brought change to the country and allowed the economy to grow.

Though South Korea can be seen to rely greatly on exports it makes to emerging countries, the country also reduced its reliance on exports to Japan. This can be seen in the decline of exports to Japan from 11% in the year 2000 to just about 6% in the year 2010. South Korea also decreased its reliance on imports from Japan though they still stood at roughly over 15% in the year 2010 which indicate that Japan…. [read more]


Growth and Development Trends Essay

… In the recent years, China has developed as the world's major trade and economic power. At present time China has emerged as the world's second largest economy, it is also the largest merchandise exporter. China is also ranked as the second largest merchandise importer. It is the second largest and one of the most attractive destinations for foreign direct investment (FDI). China is the largest manufacturer of the world. It is the world's largest creditor nation and holds most of the foreign exchange reserves of the world. (Morrison, 2013)

A number of economists have forecasted that China will soon overcome the United States of America as the largest economy of the world. But the maintenance of the rapid growth of the Chinese economy depends on…. [read more]


Economic Development Research Paper

… ¶ … Economic Development

To what extent was U.S. economic development affected by immigration (legal and illegal) between 2009 and 2010?

Over the last several years, the issue of immigration and its effects on the country have been continually brought to the forefront. Part of the reason for this, is because a number of conflicting events have been occurring. Where, globalization and the desire for maintaining low prices have meant that immigrants play a vital role in the U.S. economy. Evidence of this can be seen with comments from Giovani Perri of the San Francisco Federal Reserve. Who said, "Statistical analysis of state-level data shows that immigrants expand the economy's productive capacity by stimulating investment and promoting specialization. This produces efficiency gains and boosts income…. [read more]


Chaebol Korea's Economic Development Term Paper

… Chaebol firms are mostly own by family units, for example. While this is changing, it is still found that a significant number of top executives in chaebol are related to the founders of these firms.

The system however currently finds itself in a difficult economic situation. The growth fostered by the government during the 1950s and 1960s has been stunted by the economic climate of later years. The devaluation of the won (the Korean currency) for example resulted in considerable losses, including the debts from expansion programs during the 1990s. The apparent recovery from the crisis is seen as deceptive by analysts who continue to call for reform in the chaebol. One of the suggestions for such reform is the transformation from technology-importing to a…. [read more]


Economic Development Term Paper

… Governments taking the side of for-profit institutions results in corrupt politics. Bowing to the pressures of a global market is not the solution to poverty because it automatically panders to the needs of the already wealthy. In theory, globalization creates jobs in areas with high rates of unemployment. However, in reality these are low-paying jobs in deplorable working environments, as many governments will willingly ignore humane wages and standards in favor of higher profits and cutbacks.

The author falls into a trap when he or she reports, "developing-country governments...have come round to the idea that trade (read globalization) is good." The governments in question are notoriously corrupt and do not necessarily keep the best interests of the people in mind. The author of this article…. [read more]


Economic Development and Trade Term Paper

… (Justin Lin, 1998)(i)

To further the economic development and trade the developed countries can also be of significant help to the developing countries. The international institutions and agencies can facilitate the process of power and wealth diffusion. The development efforts made by the International institutions should be focused on helping the start up and small businesses, of the developing countries, finance themselves so they may gain power in comparison to the discriminatory governments of these countries and not support such governments which try to centralize power and wealth in the hands of a limited group. For most of the businesses in the developing countries as well as the international institutions any such move will be difficult because usually it is usually a legal requirement that…. [read more]


CED6130 Sustainable Economic Development Essay

… 409). As the author further points out, available evidence suggests that employment opportunities as well as wealth creation are not in any way inhibited by an economy's 'greening.' On that basis, countries have no basis whatsoever to dodge efforts towards the promotion of green economies. It is for this reason that the relevance of various steps highlighted above cannot be overstated.





















References
Altman, M. (Ed.). (2006). Handbook of Contemporary Behavioral Economics. New York: M.E. Sharpe
Barbier E.B. & Markandya, A. (2013). A New Blueprint for a Green Economy. New York, NY: Routledge
Brulin, G. & Svensson, L. (2016). Managing Sustainable Development Programs: A Learning Approach to Change. New York, Routledge
Boyd, B. (2012). The COR/COTR Answer Book (3rd ed.). Tysons Corner, VA: Barrett-Koehler Publishers.
Hanley,…. [read more]


Economic and Trade Development Thesis

… Economic and Trade Development

The economic situation of Western Europe was faring extremely well in the first thirteen years of the 20th century following the Industrial Revolution. However, the growth of Nazism and Fascism followed by the World Wars and the Great Depression plunged most of the major European states particularly Germany and France into a seemingly irretrievable economic situation. What happened in Western Europe after the Second World War was an exceptional case of economic turnaround with a remarkable and swift pace of transformation to an industrialized society. This exceptional growth lasted only until 1973 but in this short span of time, it placed the Western Europe economy at par with other industrialized economies of the world despite the phenomenal destruction of men, materials…. [read more]


Economics of Peru Thesis

… Economics of Peru

The focus of this work is examining Peru's economic state and to conduct an analysis which determines the optimal direction that Peru should take in country development in the near future to optimize the country's economy. This study reviews an extensive base of literature and states suggestions and indications for the country of Peru and the initiative to further develop support and boost the country's economy.

ECONOMICS of PERU

The objective of this work is to examine the economics of Peru and the challenges faced by this economy in terms of future current global economics and financial challenges. Ultimately, this work will state economic policy guidelines and describe alternative actions or solutions along with the implications of the economic situation of that…. [read more]

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