Development of the Japanese Economy ― Development‚ Japanese/Asian Style ― For Students in the EDP&M Program April 2007 Shigeru T. Otsubo* GSID‚ Nagoya University (w/ inputs from Prof. A.Furukawa‚ Ritsumeikan Univ.) For Students in the Economic Development Policy and Management Program Prof. Shigeru T. OTSUBO The purpose of this presentation is four-fold: 1) to introduce the macroeconomic development process of the postwar Japanese economy (the so-called “Miracle Recovery”); 2) to explore
Premium Economics Economic growth Macroeconomics
STRUCTURE OF THE WORLD ECONOMY Outline of a Simple Input-Output Formulation* Nobel Memorial Lecture‚ December 11‚ 1973 by WA S S I L Y LE O N T I E F Harvard University‚ Cambridge‚ Massachusetts‚ USA. I The world economy‚ like the economy of a single country‚ can be visualized as a system of interdependent processes. Each process‚ be it the manufacture of steel‚ the education of youth or the running of a family household‚ generates certain outputs and absorbs a specific combination of inputs
Free Economics Economy
Economies Traditional Economy‚ Command Economy & Market Economy Traditional Economy Definition A traditional economy is an economic system where customs‚ traditions and beliefs determine the goods and services created by the society. It is dependent on agriculture‚ hunting and gathering‚ fishing or any combination of the above. Also called a subsistence economy‚ it may involve use of barter trade instead of currency. Characteristics Traditional economies are often based on one
Premium Market economy Capitalism Planned economy
No.1 The slow growth of Chinese exports trade as the gloomy world economy.（出口） Recently‚ changes of the demography‚ the factor price‚ supply and environmental protection will increase the cost of Chinese exports. On the other hands‚ the recovery of the U.S economic remains slow‚ also the continuing escalation of the European debt crisis and the slow recovery of the global economy leading the result of the slow growth of Chinese export trade. Facing the situation‚ Chinese government should do
Premium Economics International trade Economy
Geo-economy – object‚ essence‚ goals/ objectives and methods. Geo-economy studies the state’s strategies and international production rates that assure its economic development. Geo-economy appeared in the late 20th century as a result of world’s political changes. Geo-economy appeared due to the following factors: • Globalization and regionalization; • Economic integration; • Labour division; • Scientific revolution; • Collapse of Soviet union. Geo-economy
Premium Economy Economics Industry
Importance of Agriculture in Indian Economy The direct contribution of the agriculture sector to national economy is reflected by its share in total GDP‚ its foreign exchange earnings‚ and its role in supplying savings and labor to other sectors. Agriculture and allied sectors like forestry and fishing accounted for 18.5 percent of total Indian Gross Domestic Product (GDP) in 2005-06 (at 1999-2000 constant prices) and employed about 58 percent of the country’s workforce (CSO‚ 2007). It
Premium Agriculture Loan Interest
Economies and Diseconomies of Scale A case for McDonalds & Movie Theaters By Michele Tarrence Econ 202 Economies of scale are defined as ‘forces that reduce a firm’s average cost as scale of operation increases in the long run. The opposite of this would be diseconomies of scale‚ meaning ‘forces that may eventually increase a firms average cost as the scale of operation increases in the long run. Most every company has both the economies and diseconomies of scale that can be analyzed
Premium Movie theater Economics Film
Survey on Current State of Economy January 2013 -2FICCI Survey on Current State of Economy‚ January 2013 Highlights The global economic situation continues to be difficult. Economic situation in both US and Euro area remains uncertain. U.S. gross domestic product shrank 0.1% in the fourth quarter of 2012—the worst performance since 2009. Wednesday’s Federal Open Market Committee statement acknowledged that economic activity paused in recent months‚ but there was no change to monetary policy.
Free Economics Macroeconomics Investment
Mixed economy Features 1. Co-existence of public and private sectors: Both public and private enterprises exist in this economic system. The role and areas of both the sectors arc well defined. The relative roles assigned to the public and private sector differ from economy to economy. But generally the public sector is expected to perform certain basic functions such as: (i) Development of economic infrastructures. (ii) To promote basic industries that require huge investment and are of
Premium Planned economy Economic system Economics
Retail:-The selling of goods and services directly to consumers in small quantities. Retailing:-The activities involved in selling goods directly to consumers. ORGANISED RETAILERS:- Like department stores‚speciality stores ‚shopping complexes ‚ malls ‚ large scale multiple chains etc. Organized retailing‚ in India‚ refers to trading activities undertaken by licensed retailers‚ that is‚ those who are registered for sales tax‚ income tax‚ etc. These include the publicly traded supermarkets‚ corporate-backed hypermarkets and
Free Economics Economy Retailing