acquisition of progressively higher standards of living .Growth without development is being criticised as being an ephemeral and increasingly deceptive indicator of the actual state of the economy .Concepts like population growth which erode economic growth and education and health which enhance human capital accumulation are gaining a lot of importance and are being touted as being as essential to the development of an economy as the growth rate of its GDP .Efficiency is being advocated at all levels
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Economic growth Paul. A (2001‚ pp.568) states that economic growth is a positive change in the level of production of goods and services by a country over a period of time.” This means that economic growth occurs when there is an increase in the levels of output for production and services. It is brought by technological innovation and positive external forces and can also be seen as a term to indicate the GDP growth. The economic growth is measured by percentage change in GDP (Gross domestic
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FISCAL DECENTRALIZATION AND ECONOMIC GROWTH IN PAKITAN A Thesis Submitted to the Faculty of Institute of Management Sciences‚ Peshawar In Partial Fulfilment of the Requirements for the Degree of MBA (Finance) (2009-2011) Institute of Management Sciences‚ Peshawar
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he fear is widerspread among environmentalists that free trade increases economic growth and that growth harms the environment. That fear is misplaced. Growth enables governments to tax and to raise resources for a variety of objectives‚ including the atatement of pollution and the general protection of the environment. Without such revenues‚ little can be achieved‚ no matter how pure one’s motives may be. "Marathon runner threatens to pull out of 2008 Olympics fearing Beijing’s air quality"
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After the 1880s‚ the United States faced economic growth and an increase in global engagement. During this time there were more advancements like industrialization‚ foreign investments‚ foreign trade and others. Economic growth and global engagement both have their effects on each other. If the economy began to grow‚ the U.S. would have/see more global engagement and vice versa. Even so‚ there was still instability in America but recovered quickly. Economic factors influenced a lot of the U.S.’s involvement
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http://www.researchindia.org/EffectsofGlobalizationonIndia.doc Kishore G. Kulkarni‚ Ph.D.‚ Professor of Economics‚ And Editor‚ Indian Journal of Economics and Business (visit: www.ijeb.com) Metropolitan State College of Denver‚ Campus Box 77. P. O. Box 173362‚ Denver‚ CO 80217-3362‚ USA. First draft of this paper was presented in the Oxford Roundtable Conference held in Oxford University‚ UK‚ in July 2005. Author thanks School of Business‚ MSCD for financial assistance‚ and Profs. John
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The ultimate engine of economic growth is new technology. According to economists‚ the growth of output per capita is a fairly recent phenomenon. This can be attributed to all the new technology people have discovered in the past few centuries‚ causing output growth to surge and accelerate faster than ever before in history. The result of all these ingenious‚ innovative inventions has been a total revolution in the way people live their lives. After examining the multitude of invention descriptions
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ONE INTROUDCTION 1.1 BACKGROUND OF STUDY The current period in the world economy is regarded as period of globalization and trade liberalization. In this period‚ one the crucial issues in development and international economics is to know whether trade openness indeed promotes growth. With globalization‚ two major trends are noticeable: first is the emergence of multinational firms with strong presence in different‚ strategically located markets; and secondly‚ convergence of consumer tastes for the
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and Economic Growth in India –An Empirical Analysis Prasanna V Salian1‚ Gopakumar. K2 Abstract This paper seeks to examine the relationship between inflation and GDP growth in India. An empirical evidence is obtained from the cointegration and error correction models using annual data collected from the Reserve Bank of India. The result shows that there is a long-run negative relationship between inflation and GDP growth rate in India. Inflation is harmful rather than helpful to growth. These
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HIV/AIDS and Its Effects on Economic Growth Taywanna Drayton ECO 204 Instructor Stephanie Webb August 16‚ 2010 HIV/AIDS and Its Effects on Economic Growth For most developing countries‚ the main source of progress is through industry and domestic saving. In order for industry to be a viable source of progress‚ the country must have a large‚ productive workforce. Certain elements may stymie growth‚ leading to a slow down in development and‚ by proxy‚ a stalled economy. For developing
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