Culture: a vehicle for economic development Cultural industries: Culture is a powerful global economic engine generating jobs and income with a value of US $1.3 trillion in 2005. Global cultural industries account for more than 7% g global GDP During the 1990s‚ the cultural industries grew at an annual rate twice that of service industries and four times that of manufacturing in OECD countries (2009 UWR). However‚ infrastructure investments are needed in the South to enhance and support cultural
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is a variety of theorists who debate about what the ideal conception of development is. In the book Development as Freedom‚ Amartya Sen argues development is the “expansion of… basic freedoms” and the removal of “deprivations such as starvation… and undernourishment” (36). He lists out the five types of freedom: political freedom‚ economic facilities‚ social opportunities‚ transparency guarantees‚ and protective security (Sen 38). These five are interrelated and affect one another. For example‚ having
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ENTREPRENEURSHIP IN ECONOMIC DEVELOPMENT The entrepreneur who is a business leader looks for ideas and puts them into effect in fostering economic growth and development. Entrepreneurship is one of the most important input in the economic development of a country. The entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. He plays a pivotal role not only in the development of industrial sector of a country but also in the development of farm and service
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ECONOMIC DEVELOPMENT SUMMARY CHAPTER 2: COMPARATIVE ECONOMIC DEVELOPMENT (Page 65 – 73) Created By: PATRICIA M. A. ADAM 1006805694 International Undergraduate Program Faculty of Economics University of Indonesia Depok 2013 Larger Rural Populations but Rapid Rural-to-Urban Migration One of the hallmarks of economic development is a shift from agriculture to manufacturing and services. Although modernizing in many regions‚ rural areas are poorer and tend to suffer from missing markets
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Everyone has their own story to tell in regards to people or events that have shaped their identity. Mary Gordon puts these sentiments to paper in her writing’ More Than Just a Shrine: Paying Homage to the Ghosts of Ellis Island’‚ an essay reflecting on her ’search for self’ through exploration of her ancestors’ immigration to the US. She tells us‚ for example‚ "The minute I set foot upon the island I could feel all that it stood for: insecurity‚ obedience‚ anxiety‚ dehumanization‚ the terrified
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1. Progress‚ Growth and Development (of the material kind) are / were primarily western concepts which were forced upon rest of the world. Today the entire world is collectively involved in destruction of environment but the biggest role in this process of destruction was played by Western Civilization. The West was the first to start Industrial Revolution and travel on the destructive path of Industrialization and Consumerism.......It then forced western lifestyle on its colonies in Asia‚
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Difference between Economic Growth and Economic Development :- Economic Growth is an issue considered by economically developed countries which have utilized many of their resources and now plan to expand even further by growth. It is a narrower concept than Economic Development as it focuses on the further increase of the national output of a country by increasing the quality of resources‚ the quantity produced and increasing utilization by every sector of the economy. We can also say it is defined
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From the Sichuan earthquake To art and twitter: Ai Weiwei‚ more than just an artist 1 Table of Contents Introduction: the Sichuan Earthquake ...................................................................... 3 Ai Weiwei’s Communication Tools ............................................................................ 3 “Remembering” ................................................................................................................... 4 Twitter ......
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ROLE OF CONSTRUCTION IN ECONOMIC DEVELOPMENT Provides for economic development and expansion of economic activities Major consumer of physical and natural resources Produces waste Pollutes environment BUILDING MATERIALS “You employ stone‚ wood and concrete and with these materials‚ you build homes and places: that is construction” – Le Corbusier Attitudes Towards Building Materials Possibilities and appropriateness Attitudes Efficiency of use (engineering point of view) Adequacy
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statement or answers the question. ____ 1. When a society cannot produce all the goods and services people wish to have‚ it is said that the economy is experiencing a. scarcity. b. shortages. c. inefficiencies. d. inequities. ____ 2. Economics is the study of a. production methods. b. how society manages its scarce resources. c. how households decide who performs which tasks. d. the interaction of business and government. ____ 3. A typical society strives to get the most it can
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