Human Development Index (HDI) The first Human Development Report introduced a new way of measuring development by combining indicators of life expectancy‚ educational attainment and income into a composite human development index‚ the HDI. The breakthrough for the HDI was the creation of a single statistic which was to serve as a frame of reference for both social and economic development. The HDI sets a minimum and a maximum for each dimension‚ called goalposts‚ and then shows where each country
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Industry Economics is explained as the social science that studies the production‚ distribution and consumption of goods and services. As a guideline for economics‚ the used of economic indicators are used as a means of predicting or making a forecast about the economy and the different factors that affect those forecast. The purpose of this paper is to identify how the certain economic indicators affect the industry domestically and internationally. The economic indicators to be discussed
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How effective is GDP per capita as a measure of economic well-being? Gross Domestic Product (GDP) is one of the primary measures used to gauge the state of a nation’s economy. It is a representation of all the goods and services produced by that nation over a specific time period. Normally GDP is compared on a quarterly or annual basis. For example if a nations GDP has risen by 2% in a period of time‚ then it is thought that that nation’s economy has grown by 2%. However‚ a recession is also
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litter spotted throughout public areas may come to mind. However‚ with the modernization and industrialization China has gone through‚ urban citizens are now more frequently using public transport‚ automobiles are increasingly being used more and people are hired to keep streets as clean as possible. With a little over three decades having past since the major industrial development‚ China has industrialized at an astonishing rate. This is especially apparent when comparing its much higher industrializing
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Introduction Brazil’s booming economy has to tame “two wild horses” at the same time. A rising inflation rate coupled with a currency appreciating at a fast rate‚ is destabilizing the economy. With inflation rising at a rate of 6.3%‚ soon it will rise above the Central banks maximum target of 6.5%. Alongside‚ the Real has appreciated to 1.58 reais to a US dollar which is one of the highest rates since the Real has been allowed to float from 1991. The problem is such that the “economic cost of bringing down
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Compare & Contrast: Egypt & China Ancient Egypt and ancient China had many cultural differences and similarities. While China’s form of government is monarchy‚ Egypt’s is theocracy. As for their religious beliefs‚ even though they’re both polytheistic‚ they have different Gods. Another difference in the two civilizations is the environment. While the climate in China varies‚ Egypt is mainly hot and dry. China‚ having monarchy as their form of government‚ was ruled by many different dynasties
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Economic Indicators Paper What does it mean when someone refers to the health of an economy? Furthermore‚ how can one classify an economy? Americans love to quantify data. Because of this inherent need to compare data‚ economists have developed a way to collect nearly every type of statistics that may reveal the general health of the economy. These statistics actually tell if the economy is productive and efficient or if it is slow and inefficient. Included in these statistics are Gross Domestic
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Political Economy of East Asia China’s sustained industrialization and urbanization over the next 20 years will lead to enormous demand for resources and energy. Exploring the major winners and losers. Table of Content 1. Abstract………………………………………………………………………………………………………………………………………3 2. Countries and industries that gain from China’s rise…..………………………………………………………………3 2.1 Countries that benefit……………………………………………………………………………………………………………3 2.2 Australia and Brazil………………………………………………………………………………………………………………
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archipelago economy: Unleashing Indonesia’s potential T he McKinsey Global Institute The McKinsey Global Institute (MGI)‚ the business and economics research arm of McKinsey & Company‚ was established in 1990 to develop a deeper understanding of the evolving global economy. Our goal is to provide leaders in the commercial‚ public‚ and social sectors with the facts and insights on which to base management and policy decisions. MGI research combines the disciplines of economics and management
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Analysis of Macroeconomic Indicators Of China Analysis: Macroeconomic Indicators along with values is provided in the below table Macro Economic Indicators | Value | GDP Growth Rate | 9.1% | IIP Growth Rate | 14% | Agricultural Growth Rate | 4.3% | Fiscal Deficit | 800 billion yuan | Interest Rates | 6.56% | Exports | 180.2 billion USD | Imports | 148.5 billion USD | Current Account Deficit | 59.8 billion USD | Inflation | 7.65% | Foreign Exchange Reserves | 3.24 trillion USD | GDP Growth
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