How can we measure the economic growth of a country? Experts have proposed many techniques to assess the economic progress of a country. One of these techniques is to calculate the sum of all the goods and services produced in the country which is known as gross domestic product (GDP). The indicator was created in the wake of great depression in 1930s and still is used to measure individual countries’ economic performance. But now most of the economists claim that GDP alone cannot reflect the
Premium Economic growth Economics Economy
To what extent are growth differences between countries determined by good policy and how much is good luck? Good Luck or Good Policy?: An Expectational Theory of Macro Volatility Switches GAETANO GABALLO What are the determinants of switches in the volatility of macro-variables? In principle‚ a persistent reduction in the amplitude of business .uctuations can be thought to be either the result of good policy‚ namely a change of policy by some major actor within the economy‚ or of good luck
Premium Macroeconomics Unemployment Business cycle
The evolution and growth of tourism (weaver & Lawton 2010) -critical review This chapter explains the development of tourism history‚ especially highlight early modern age to the present (1500 onwards). We can see the whole process was step by step but inevitability. In my opinion‚ the tourism development relate to the development of Civilization because the world is changing and the human is changing. Such as Maslow’s hierarchy of needs‚ With the
Premium Tourism
The Solow Growth Model Economics 202 14 April 2014 Statement on plagiarism: I understand that plagiarism is a serious offence and confirm that unless otherwise acknowledged the content of this essay is my own. Economic growth rates across countries are hardly ever the same and the Solow-growth model is the starting point at determining why growth rates differ across countries (Burda and Wyplosz‚ 2013: 61). This essay aims at examining the aspects of the Solow-Growth
Premium Economic growth Economics Investment
difficult was the task facing Immelt assuming the CEO role in 2001? What imperatives where there to change? What incentives to maintain the past? 2. What do you think of the broad objectives Immelt has set for GE? Can a giant global Conglomerate hope to outperform the overall market growth? Can size and diversity be made an asset rather than a liability? 3. What is your evaluation of the growth strategy (a strategy for a giant global conglomerate with a portfolio of mature industrial businesses)
Premium General Electric
Malaysia Economic Growth At independence from the UK in 1957‚ Malaysia had a population of just 7.4 million. Its population has since grown swiftly. 2005 the country had around 26.8 million people and the current estimation is that it will rise by 2010 to around 29 million. Before Independence‚ Malaysia was a low‐income economy. Business enterprises were small scale‚ largely localized‚ and primarily family‐based. Over time‚ the economy has diversified beyond agriculture and primary commodities
Premium Economic growth Economy Investment
Carnival Corporation Growth Strategy Academic Report on Strategic Management by Diana Romanova 100878 Strategy & Communication EHM3.SC-02 December 10‚ 2012 Abstract The purpose of the report is to discuss the current strategy of the Carnival Corporation‚ the world leader in the cruise industry. Based on the external and internal situation analysis the new growth strategy is formulated. The recommendations on the strategy implementation and evaluation are provided by terms of the various strategic
Premium Strategic management
Economic growth in Bangladesh: experience and policy priorities ____________________________________________________________ The Liberation War of 1971 destroyed about a fifth of Bangladesh’s economy‚ and the post-war dislocations left the country on a slow growth trajectory for better part of two decades. Then the economy accelerated from 1990‚ driven by a remarkable turnaround in the growth of multi-factor productivity. We identify factors that inhibit another growth spurt: low levels
Premium Economic growth Economics Capital
History and Culture of China Chinese culture is one that is built on tradition‚ and humane values. The culture in China is widespread throughout the whole country‚ and the entire population follows a certain set of rules and values that were set by the deep-rooted traditions that have influenced the most of Eastern Asian countries such as; Japan‚ Mongolia‚ Taiwan‚ North and South Korea. The culture is considered to be emotional and flexible‚ which is embedded with the culture’s influence from
Premium Investment Economics International trade
Inclusive Growth India’s economic growth after 1990s has made it one of the world’s fastest growing economies in the world. Its GDP growth rates of up to about nine per cent in the last few years are historically unparalleled except by neighbouring China. This is particularly relevant considering the large size of the country’s population. With the rapid growth rates‚ however‚ come new challenges and new questions One such challenging question concerns the spread of the benefits of growth across different
Premium Economics Economic growth Economy