Assignment on "The Four Pillars of The Knowledge Economy " The World Bank’s Knowledge Assessment Methodology (KAM: www.worldbank.org/kam) is an online interactive tool that produces the Knowledge Economy Index (KEI)–an aggregate index representing a country’s or region’s overall preparedness to compete in the Knowledge Economy (KE). The KEI is based on a simple average of four sub-indexes‚ which represent the four pillars of the knowledge economy: Economic Incentive and Institutional Regime (EIR)
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Economy of Vietnam By Adam McCarty Introduction Vietnam has been a country ruled by colonists‚ divided or at war for most of the twentieth century. Unification of the country in 1976 was followed by invasion of Cambodia in 1978‚ and a subsequent brief but violent war with China. This troubled history had profound consequences for economic development in general‚ and attempts to impose central planning in particular. Central planning was imposed upon Northern Vietnam in the 1950s‚ and upon
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Primary sector of the economy The primary sector of the economy is the sector of an economy making direct use of natural resources. This includes agriculture‚ forestry and fishing‚ mining‚ and extraction of oil and gas. This is contrasted with the secondary sector‚ producing manufactures and other processed goods‚ and the tertiary sector‚ producing services. The primary sector is usually most important in less developed countries‚ and typically less important in industrial countries. The manufacturing
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The Economy of the Philippines is the 43rd largest in the world; according to 2011 World Bank statistics and it is also one of the emerging markets in the world; according to the CIA Fact book‚ the estimated 2011 GDP (purchasing power parity) was 391.1 billion. Goldman Sachs estimates that by the year 2050‚ it will be the 14th largest economy in the world; Goldman Sachs also included the Philippines in its list of the Next Eleven economies. HSBC projects the Philippine economy to become the 16th
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Global Free-Market Capitalism It is merely impossible to oversee the similarities between David Harvey’s ‘Rebel Cities’‚ Timothy Mitchell’s ‘Rule of Experts’‚ and the current global economic crisis we are seeing on the news today. Though it was tough‚ I sat down to watch Bill O’Rilley last night and was shocked to see that a lot of what he was saying pertained to the issues we have been dissecting in class. Our national debt is around seventeen trillion dollars‚ and we are adding around $3.2 billion
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the Desk of the Author 22 Indian Economy : A Few Facts : At a Glance 29 Important Facts Related to Indian Economy National Income of India 90 Concepts of National Income 91 Methods of Measuring National Income 91 CSO Releases National Income-Related Estimates for 2009-10 and 2010-11 92 PMEAC’s Review of the Economy 2010-11 93 Estimates of National Income in India Some Aspects of Indian Economy 72 Underdeveloped Country 72 Salient Features of Indian Economy 73 Important Infrastructural Components
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Why women will impact global economy as much as China By Beth Brooke‚ Special to CNN October 25‚ 2012 Just recently‚ Booz & Company published new data outlining compelling evidence that women can be powerful drivers of economic growth. Their estimates show that if female employment rates were to match male rates‚ overall GDP would grow significantly in the U.S. by 5%‚ in Japan by 9%‚ and in developing countries like Egypt by a massive 34%. The World Economic Forum also published their annual
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Introduction: Iceland is located between Norway‚ Scotland and Greenland in the North Atlantic Ocean. It is also the 2nd largest island of Europe. Iceland’s economy is based on the Scandinavian type capitalistic system‚ also known as the Nordic Tiger because of its rapid growth. With a population of only 312‚872 people‚ it is ranked as a country with highest HDI and one of the highest GDP per capita PPP. Iceland is a modern welfare state which provides health‚ education and security to all its
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capital are owned‚ operated‚ and traded by private individuals either singly or jointly‚ and investments‚ distribution‚ income‚ production‚ pricing and supply of goods‚ commodities and services are determined by voluntary private decision in a market economy. A distinguishing feature of capitalism is that each person owns his or her own labor and therefore is allowed to sell the use of it to employers. Summary: * Wealth and production are privately owned. * Each person owns his/her labor
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The Planned Economy Key Characteristics What to Produce: Central Planning Committee (CPC) determines national priorities and implements 1 and 5 year plans How to Produce: CPC allocates resources to production managers so as to meet targets. Production carried out to meet the national interest‚ not profit. For Whom to Produce: Influenced by income levels but the CPC often determines those income levels as it also offered incentives for workers to do the more demanding jobs. Most often a sense of moral
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