251-272 MAKING A MIRACLE1 BY ROBERT E. LUCAS‚ JR. This lecture surveys recent models of growth and trade in search of descriptions of technologies that are consistent with episodes of very rapid income growth. Emphasis is placed on the on-the-job accumulation of human capital: learning by doing. Possible connections between learning rates and international trade are discussed. KEYWORDS: Growth‚ productivity‚ on-the-job training‚ learning.
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2. Fiat’s strategy: a. Entry mode: The main entry mode FIAT has been applying in China Market is joint venture. In 1995‚ FIAT tried to break into the Chinese market. Indeed it is the first host country of foreign investments‚ so China is an inescapable market. FIAT made an attempt to introduce there with a joint-venture with a local firm: NANJING in 1999. This Italian automaker quit the company in 2007 citing a lack of investment on the part of its Chinese partner. Probably the main problem in
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How does Hulu’s business model and value proposition differ from the traditional broadcast media and YouTube? Hulu’s business model is essentially the same as that of traditional broadcast networks. Both offer professional content and generate revenue through advertisements based on audience volume (some broadcast networks have license fees). However‚ Hulu’s value proposition differs significantly by enabling users to watch content when‚ how‚ and where they want. YouTube also generates revenue through
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What is Inclusive Growth? February 10‚ 2009 The purpose of this note is to define the meaning of the term ‘inclusive’ growth. It is often used interchangeably with a suite of other terms‚ including ‘broad-based growth’‚ ‘shared growth’‚ and ‘pro-poor growth’. The paper clarifies the distinctions between these terms as well as highlights similarities. The paper argues that inclusive growth analytics has a distinct character focusing on both the pace and pattern of growth. Traditionally‚ poverty
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Unilever’s growth strategy Patrick Cescau Group Chief Executive Richard Rivers Head of Strategy Safe harbour statement This presentation may contain forward-looking statements‚ including ‘forward-looking statements’ within the meaning of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are based upon current expectations and assumptions regarding anticipated developments and other factors affecting the Group. They are not historical facts‚ nor
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Economic growth is considered as one of the most essential parts of the economics‚ and it is defined an increase of goods and services of a country within certain period (Acemoglu‚ 2012). Modis (2013) claimed that‚ this economic growth conception particularly relates to the growth of potential output and production which is measured by gross domestic product per capita (GDP). Economic growth ideology has a long history‚ though it has been existed since the mid-18th‚ economic growth has dominated
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Economic Growth‚ Economic Freedom and Morality Mikita Katliarou LCC International University Economic Growth‚ Economic Freedom and Morality In our fast-developing world where people are overwhelmed with all the insane progress we never stopped for moment to think rationally “whether it is good thing that we developed for the last decade more than for the last ten centuries?” But for now let’s put up this question for later. “The pursuit of high economic growth is considered desirable as it generates
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oet12-12-2011 A Venture’s Typical Life Cycle Profit‚ Productivity‚ Revenues Managing Entrepreneurial Growth NewNew-Venture Development Start-up StartActivities Venture Growth Business Stabilization Innovation or Decline Venture Development Stages The Entrepreneurial Mindset Future Goals Status Quo Change Perceived Capability Possible The Entrepreneurial Company in the Twenty-First Century Entrepreneur Satisfied Manager Blocked Frustrated Manager Classic Bureaucrat
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2012. The effects of this population increase are evident in the increasing poverty‚ unemployment‚ air and water pollution‚ shortage of food‚ health resources and educational resources. With India as an example we will discuss Malthus‚ the population growth theory and see if Malthus theory was maybe mistaken in the past but has some valid aspects today. Thomas Malthus was an English priest and economist who lived during the late 18th Century. He is famous for his theories about population and its increase
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Economic Growth Economic growth is defined as a long-term expansion of the productive potential of the economy. Sustained economic growth should lead higher real living standards and rising employment. Short term growth is measured by the annual % change in real GDP. Economic growth is an increase in real national output or an expansion of the economy’s long-run productive potential. It is measured by the percentage change in real GDP or GNP. Inevitably there are fluctuations in the rate of growth
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