domestic growth rate are prevailing in the economy. The country is not only technologically and managerially inefficient but also underdeveloped in the areas of key infrastructure such as transport‚ telecommunication‚ and energy sectors. Recent Economic Condition of Bangladesh The Bangladeshi economy has been growing impressively over the last decade. In the last five years‚ Bangladesh has been able to attain an average GDP growth of 6%. As per government statistics‚ in FY12 Bangladesh managed
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Introduction The current state of the world economy is quite uncertain. Economic statistics that governments and other financial institutions use to project the economy imply that the world economy is shrinking. Since 2008‚ the state of the American economy has not been attractive. For instance‚ the United States economy has not registered any significant growth for the last three years. The 2011 second quarter results indicated that gross domestic product improved by 1%. At the same time‚ there
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Migration Flows * Quantity and quality Labour Force Participation Rate: The Proportion of the population that works or is willing to work. LFPR is the percentage of the population of working age that furnishes their labour for production of economic goods and ser vices whether employed or not. Female LFPR Reasons for increasing Female LFP * Rising wage rates due to reduced discrimination * Rising levels of education among women have increased employment opportunities and earnings for
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Economic Crisis and Response in the Philippines The Global Economic Crisis pulled countries down from around the globe to a recession. Wide-ranging declines in many aspects of growth characterize the overall impact it had had on the global scale. Following the Asian economic crisis in 1997‚ the present global economic crisis imposes new challenges to the Philippines as a developing country. Following are expositions of the macroeconomic impacts of the crisis in the Philippine setting‚ its implications
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Engineering Economics John M. Watts‚ Jr.‚ and Robert E. Chapman Introduction Engineering economics is the application of economic techniques to the evaluation of design and engineering alternatives.1 The role of engineering economics is to assess the appropriateness of a given project‚ estimate its value‚ and justify it from an engineering standpoint. This chapter discusses the time value of money and other cash-flow concepts‚ such as compound and continuous interest. It continues with economic practices
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CHAPTER 1 MACROECONOMIC SITUATION [The economy of Bangladesh has successfully tackled the contagion effect of global economic crisis and managed to maintain a sustained growth. According to a provisional estimate‚ the economy has posted a growth of 6.66 percent in FY2010-11 against that of 6.07 percent in FY2009-10. This performance is mainly attributable to the sustained growth in agriculture sector coupled with recovery of growth in industry sector and the satisfactory performance of service
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|Definition of ’Positive Economics’ | |The study of economics based on objective analysis. Most economists today focus on positive economic analysis‚ which uses what is and what has been occurring in | |an economy as the basis for any statements about the future. Positive economics stands in contrast to normative economics‚ which uses value judgments. | |Investopedia
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In economics‚ there are two main theories: Keynesian economics and Classical economics. Each approach to economics has a different take on monetary policy‚ consumer behavior‚ and last but not least‚ government spending. Let us first look into classical economics. The basis of the Classical Theory of Economics is self-regulation. Supporters believe that the economy is able to maintain its-self and is always capable of achieving the natural level of real GDP. While circumstances do occasionally arise
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South Asia Economic Journal http://sae.sagepub.com/ Oil Prices and Economic Activity in Pakistan Afia Malik South Asia Economic Journal 2010 11: 223 DOI: 10.1177/139156141001100204 The online version of this article can be found at: http://sae.sagepub.com/content/11/2/223 Published by: http://www.sagepublications.com Additional services and information for South Asia Economic Journal can be found at: Email Alerts: http://sae.sagepub.com/cgi/alerts Subscriptions: http://sae.sagepub.com/subscriptions
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ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT In contemporary times‚ certain economic registers are used frequently. Arguably two of these most used terms in economics‚ ‘economic growth’ and ‘economic development’ are terms that just about everyone is at least remotely familiar with‚ even if they have not studied economics at all. Sometimes it seems everyone knows what economic growth and economic development is. Politicians use these terms all the time‚ and so do teachers‚ managers and even preachers
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