Significance of Achieving Macro-Economic Aims Governments are aware of the fact that achieving key macro-economic aims would act as an effective driving force in propelling an economy to a new era of welfare. There are 5 macro-economic aims‚ however‚ three are considered to be of enormous significance in the early stages of establishing a prosperous period. The first macro-economic aim which requires imperative attention is ‘Economic Growth’. Economic Growth refers to the rise in the
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market operations is worth stressing (CBN‚ 2004; Ezirim‚ 2005). Notwithstanding these and other roles performed by discount houses in a typical economy‚ the Nigerian money market operations are said to be sub-optimal in terms of engineering desired growth in the economy. The observed sub-optimality of the Nigerian money market is blamed‚ in part‚ on the poor performance of discount houses and other money market institutions. Discount houses‚ from the onset of their operations in the country‚ were expected
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Social and Economic Impacts Of Haiti and Japan Earthquakes Haiti Social Impacts 3 million people affected Over 220.000 deaths 330.000 injured 1.3 million people made homeless Several hospitals collapsed Economic Impacts 30.000 commercial buildings collapsed Business destroyed Damage the main clothing industry Airport an port damaged Japan Social Impacts The disaster will weigh on Japan’s economic growth through negative impact on consumption‚ capex projection‚ and
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political instability‚ poor infrastructure‚ corruption‚ insufficient power supplies‚ and slow implementation of economic reforms. Bangladesh remains a poor‚ overpopulated‚ and inefficiently governed nation. Although more than half of GDP is generated through the service sector‚ 45% of Bangladeshis are employed in the agriculture sector with rice as the single-most-important product. Bangladesh ’s growth was resilient during the 2008-2009 global financial crisis and recession. Garment export‚ totaling $12
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thinking about the economic development of the country should not be welcomed unless the importance of environmental welfare is being realized. INTRODUCTION The relationship between economic growth and the environment is debatable. Traditional economic theory posits a trade-off between economic growth and environmental quality. Since the early 1990s‚ however‚ the rapidly expanding empirical and theoretical literature has suggested that the relationship between economic growth and the environment
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record of economic pros - perity while others don’t‚ or only to a lesser extent? This is a perennial question for policymakers. If this question were asked to an economist he would likely propose a neo-classical production function approach to provide an answer. That is‚ he would say that differences in economic performance can be attributed to differ - ences‚ and their growth over time‚ in the quantity and quality of productive factors 2008 / 4 Review of Business and Economics in different
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years ago in his masterpiece “The Competitive Advantage of Nations” Michael Porter developed a model to analyze the competitiveness and economic development of nations‚ regions‚ and cities‚ a model that is still a milestone in this field of enquiry. In this work I will try to show how that theory about competitiveness is related with some important aspects of economics of innovation‚ also in the light of the already visible effects of globalization. Introduction I will first explain the effects of globalization
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Egypt Economic and Political Outlook 2011-2012 POLITICAL STABILITY: Egypt has entered a period of heightened political instability‚ which will continue for the first half of the forecast period. The popular uprising‚ which led to the ouster of Hosni Mubarak‚ the former president‚ was a momentous event unparalleled in the modern history of Egypt. Mr. Mubarak’s resignation on February 11th was expedited after the Supreme Council of the Armed Forces put pressure on him to stand down. The army council
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1) Go to the Bureau of Economic Analysis’s Webb site (www.bea.gov) and locate the gross domestic product data. Compare the annual figure for the last four years. What do the figures indicate for the next couple of years? In 2007 it was 4.9%‚ in 2008 it was 1.9%‚ in 2009 it was -2.5%‚ in 2010 it was 4.2%. 2011 is not yet out. These numbers indicated a rapid decrease and a rapid bounce back. I think for the next couple of years‚ the figures will rise again before a decrease comes again. 2) At
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the insensitivity of the government to put in place sound policy that will help to address the problem of oil exploration on the Nigerian economy. Against this background‚ this study intends to show the economic impacts of crude oil exploration on the economy of Nigeria. Methodologically‚ growth model and cointegration analysis will be used to explain why countries with many natural resources tend to grow slowly than resource- poor countries. [Perkins‚ et. al.‚ p. 70]. Introduction: Nigeria
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