COUNTRIES Country GDP per capita growth (CAGR) GDP per capita at starting point (% of US) China (1990-97) 10.0 5 Korea (1970-85) 8.2 6 Thailand (1985-95) 7.8 10 Indonesia (1988-97) 5.9 6 India (1993-99) 4.2 4 Source: World Development Indicators; The Economist (2000) Exhibit 3.2 20000211DL-ZXL350_8(ECO-PERF) Indexed to US in 1996 = 100‚ 1990-99 BREAK-UP OF INDIAN GDP PER CAPITA Labour productivity 100 36 29 GDP per capita 22 8
Premium Economic growth India Gross domestic product
ECONOMIC DEVELOPMENT‚ 1st definition - it is the sum of growth and change Growth vs. change: Growth - the increase in the kinds and quantities of the available resources Change - the rising standard of living Questions to ponder What is the difference between economic development and development? Which comes first‚ growth or change? Can an economy experience growth without change? TWO CONTEXT OF DEVELOPMENT National - development is a combined effort of both the national and
Premium Currency Economics Foreign exchange reserves
China’s Economic Growth and Development China is presently the world’s largest economy in relation to its population of 1.3 billion. The country is currently a socialist economy ruled by a Communist Government‚ with significant structural changes impacting its economy as a result of the high rate of growth over the past decades. Its economy is in the transition phase‚ moving from being a centrally planned economy to a system based more on the market. A socialist or market economy can be defined
Premium People's Republic of China Economic growth Planned economy
"The Debate over Coastal Developments Poses a Danger to Coastal Cities at Risk to Storms and Rising Sea Levels" The purpose for this essay is to summarize and respond to the article by Jennifer Weeks. Her article ’s central theme is on the "Coastal Development and the risk posed for these communities when flooding‚ super storms‚ and rising sea levels continue to impact these cities in these coastal zones. Coastal cities in these zones would be highly vulnerable to flooding during storms and rising
Premium Storm surge Tropical cyclone Hurricane Katrina
problems as opposed to superstition or dependency upon conditions outside human control such as the weather‚ as well as more efficient division of labor and economic growth. Industrialization is most commonly associated with the European Industrial Revolution of the late eighteenth and early nineteenth centuries. The onset of the second World War also led to a great deal of industrialization which resulted in the growth and development of large urban centers and as well as suburbs. Industrialization is
Premium Industrial Revolution Economic development Developed country
thinks that technologies do more harm than good. We are going to use two specific kinds of technologies to talk about the harmful of it. The first one is about the harmful of using smart phones and the second one is the harmful of having nuclear power/ power plant. According to the Wikipedia‚ the definition of technology is the making‚ modification‚ usage‚ and knowledge of tools‚ machines‚ techniques in order to solve a problem‚ achieve a goal or perform a specific function. It can also refer to the
Free Nuclear power Nuclear fission Lists of nuclear disasters and radioactive incidents
FAMILY STRUCTURE MODERATOR (Nancy): I am Nancy‚ moderator for Team C debate. Family structure is different in every family. The family has consensus over who has the ultimate say on the day to day decisions. Present day family has very complex type of structure which affects the powerbase determination. A family consisting of a mother (female)‚ father (male)‚ and a child or two will have a very different power base than a family consisting of two same gender parents or a family that has
Premium Family
Macroeconomic indicators are defined as statistics that indicate the current status of the economy by determining the position or changes of different sectors in the economy for example industry‚ labour‚ market and trade. Key Economic Indicator: The Australian Dollar The Australian dollar is a very important economic indicator due to it being very effective in determining the strength of the economy. The Australian dollar is the currency used to purchase goods and services in Australia‚ however
Premium Inflation Economics Monetary policy
Britain dominated India and China in the mid 1880s to the beginning of the 20th century. Imperialism has had both a positive and negative effects on the countries involved. Britain was imperialistic for many reasons‚ it could dominate because it had the technology and power to do so. They also needed land to acquire raw materials for growing markets. One country that had imperialism was India. By the mid-1880s‚ the British East India Company controlled three fifths of India. The cause of British
Premium British Empire Indian National Congress Colonialism
GNI is the best measure of a countries development to what extent do you think this is true The Gross national income (GNI) is the total domestic and foreign output claimed by residents of a country‚ consisting of gross domestic product (GDP) plus factor incomes earned by foreign residents‚ minus income earned in the domestic economy by non-residents. GNI is based on ownership‚ and GDP is based on location. The income groupings use GNI per capita since they follow the same methodology used by the
Premium Purchasing power parity Human Development Index Gross domestic product