Macroeconomics ECON224-1201A-16 AIU Online Factors behind Economic Growth in Hong Kong and Singapore There are many similarities between Hong Kong and Singapore. Both countries enjoy high economic growth rates for the past three decades‚ they are known as “East Asian Tigers” because they made a transition from poverty to Newly Industrialized Economies (NIE’s) in a very short period of time. Both Hong Kong and Singapore were British colonies with both legal and administrative systems of their
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Assignment 7-1 What causes an economic downturn? What causes an economic downturn? An economic downturn defines as the economy being in recession‚ which is a period of time that economic‚ won’t grow or even falling. The definition of an economic downturn is less strict than recession. In the economic downturn period‚ the growth rate will slow down. We can see the house prices falling down and a lot of people lose their jobs. There are some features of an economic downturn: First‚ the economic grow negatively;
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There are many social influences in the wider society that influence the health and wellbeing of children and young people‚ Bronfenbrenner’s social ecological model cited in Cooper & Rixon (2017) shows how a variety of interacting influences can inform a child’s approach to life‚ outlook on situations‚ values and experiences. These influences go beyond the micro system of family members and individuals within the child’s life. Local politics and welfare state can have a massive effect on the services
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(1980) would point out‚ “there exists a hidden curriculum in the classroom”. This idea resides in the fact that while schools are advancing there is an issue‚ a hidden curriculum‚ in which students are taught according to their social class. This idea reinforces the class struggle that Karl Marx had become an advocate for. The idea that capitalism only contributes to classism and that the societal ramifications of this class divide will influence other factors‚ such as education. Jean Anyon’s researched
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Research indicates that the characteristics we are born with have much more influence on our personality and development than any experiences we may have in our life. Which do you consider to be the major influence? As we all know‚ every human being is different from each other‚ no matter in the appearance or the personality‚ which makes everyone unique. However‚ there has been an intense debate about whether our personalities and developments are more related to the characteristics we are born
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What Is Regional Economic Integration? Regional economic integration has enabled countries to focus on issues that are relevant to their stage of development as well as encourage trade between neighbors. There are four main types of regional economic integration. 1. Free trade area. This is the most basic form of economic cooperation. Member countries remove all barriers to trade between themselves but are free to independently determine trade policies with nonmember nations. An example is the North
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The social and economic significance of tourism development on a global scale After studying and understanding how deeply tourism development has significantly impacted on the world‚ I have noticed how closely that the social and economic factors are related‚ and how both of these aspects have direct effect on both tourists‚ and the people that permanently reside at destinations that have been extremely popular amongst tourists. The understanding of how economic and social factors interrelate
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What Causes an Economic Downturn? The financial crisis is still the cause of the economic downturn. Depending on which experts you choose to believe‚ the current state of economy was first cyclical than secular (Leonhardt‚ 2011). This resulted in both crisis being opposing destructive financial forces. The current global financial crisis begins with worthless subprime mortgages and the banking systems cease to cooperate with each other. The failure on Wall Street when the realization those
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following with your partner. Do you know much about economics? Tick which of these statements you think are true. Then explain to your partner why. 1 Economics is only the study of money. 2 Economics is something governments take care of. 3 An economist basically decides how money is spent. What does economics study? What do you think of when you hear the word economics? Money‚ certainly‚ and perhaps more complicated things
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in the social hierarchy‚ and the only ones able to help the working class are the people in their
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