1. How did Singapore achieve extremely high economic growth rates after 1965? Singapore’s high economic growth rates since 1965 may arise from government centralized control and vision. Singapore government was a core organization‚ formulated strategic plans to correspond with each period necessities and future needs. We separated in two main periods: The 1960s-1970s Issue: Minimal natural resources and a population of two million people High unemployment rate and low capital base
Premium Investment Productivity Economics
Small and Medium Sized Enterprises (SMEs) Development Initiatives and Their Role on Self Employed In pursuit of economic growth the economies of the developing countries around the world face a host of challenges. Widespread poverty‚ infrastructure & institutional deficit are the major task faced by most economies of strong financial environment which also includes equitable income distribution along with employment creation‚ while every developing economy may experience its own variant of these
Premium Industry Private sector Economic growth
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
Premium Local government Federal government Federalism
answer. Eyeballing any cross sectional data on growth across countries shows that countries grow at different rates. Many theories try to explain this phenomenon with emphasis with capital accumulation being one of them. I will start by developing the standard neoclassical growth model as developed by Solow(1956)[1]. I will then proceed to discuss the extensions that have been made to this basic model in an attempt to better understand actual growth figures‚ for e.g. the standard neoclassical model
Premium Economic growth Economics Capital accumulation
Having economic growth can be very advantages for a country because it decreases the level of unemployment and gives the majority of the population to enjoy a better standard of living. But‚ there are some drawbacks when it comes to a high rate of economic growth. Inflation Risk : If there’s a high rate of economic growth‚ there could be a negative impact on the economy because it will lead to inflation. If there is a high growth rate with a high inflation‚ the growth rate can hardly be
Premium Poverty Economics Inflation
Determinants of Economic Growth in Developing Countries: A Panel Cointegration Approach Zequn (Charlie) Li December 19‚ 2014 Economics 385 St. Olaf College Abstract Many factors influence the economic growth process. Especially‚ the inflow of foreign direct investment (FDI) has been found to play a crucial role in the economic growth of receiving countries. This paper examines determinants of economic growth in developing countries from 1991 to 2010. Using panel cointegration approach
Premium Economic growth
million people face starvation The gov instituted a one child policy -china’s growth rate plummeted -In 1984‚ the policy exempted ethnic minorities and farmers Unintended consequences: killing female infants and a black-market trade in teenage girls Human Population Growth- 7 billion- population continue to rise in most countries particularly in poverty stricken developing nations -although the rate of growth is slowing‚ we are still increasing in absolute numbers -took all of human history
Free Demography Population Agriculture
Africa – Part 1 Does trade promote growth in developing countries? Empirical evidence from Nigeria Oluwasola Omoju 1*‚ Olumide Adesanya 2 1 2 National Institute for Legislative Studies‚ Abuja‚ Nigeria Department of Business Administration University of Lagos Akoka-Yaba‚ Lagos‚ Nigeria Abstract This paper examines the impact of trade on economic growth using in Nigeria as a case study. Theoretical postulations assert the positive effect of trade on economic growth‚ but empirical evidences are inconclusive
Premium Economics Economic growth International trade
policies that governments have put in place‚ yet have ultimately failed to control the population in its chosen direction. For instances‚ Singapore‚ between 1960s and 70s had an anti-natalist policy in place. However‚ as economic prospered and population growth rate fell‚ it adopted a pro-natalist policy the target set at increasing population by 40% in 40 years. With a replacement rate of only 1.006 in 1975 action was needed. It introduced many campaigns that aimed to promote marriage; in this case incentives
Free Population Population growth Demography
IMPACTS OF POPULATIONS GROWTH Introduction Undoubtedly‚ the population growth is one of the most influential social issues in the recent years. As the earth’s population rises‚ the changes in different aspects‚ environmental‚ global economic and political‚ affect our individual life. Technology and advances in medicine have dramatically increased the average human’s life span. However‚ the important questions are that what impacts the growth of population has on you‚ how to get ready and adapt
Premium World population Population Population growth