On Tuesday the 17th of January in 1997, and earthquake struck in south central Japan in the town of Kobe and Osaka, Japan's second most populated and industrialised area, after Tokyo. The shock occured at a shallow depth on a fault running from Awaji Island through to the city of Kobe, which has a p...
What is Economic Development? Economic development can be illustrated as the sustainable process of developing and preserving apposite economic, social and political environments, in which economic opportunity is created for all citizens, business investment is enthused for the private se...
"Tokyo Announces Its Stimulus Package;" by Ken Belson; The New York Times; October 17, 2001; Page W1. A. Summary: The Japanese government will spend 1 trillion yen, $8.3 billion, to stimulate economic growth in the remaining fiscal year. The stimulus package is much smaller than expected, and...
The Impact of the Internet on Productivity Long-term growth is driven by new ideas. In the new age compared to the past, productivity has increased due to Information Technology and the Internet as compared to industrialization. Productivity measures the efficiency of work such as the output ...
Should the Government Regulate the Economy? The free market approach in economic decision-making is based on private ownership of properties and resources, there is no government involvement, whereas the command approach describes a situation in which resources are jointly or publicly owned, everyth...
Ministry officials said that China regards employment growth as its top economic priority, and the country will take every measure necessary to boost employment, including tax reductions, loans granted on preferential terms (to firms that employ laid-off workers) and social security insurance subsidies to help improve the situation. ...
Explain four types of economics dependence. Are these types of economics dependence remain relevant to explain economic growth and development of developing countries. There are four types of economic dependence such as direct economic dependence, trade dependence, financial dependence and technical...
Economic development is a broad measure of welfare in a country, its indicators include: health, education, GDP per capita and the preservation of the environment. Vietnam, an emerging economy in transition, has endured a series of economic reforms since the government's decision to implement Doi Mo...
The unemployment in Pakistan has created various social, political and economic problems that can be rectified through good governance, vigorous economic growth, industrialisation, and pacification in the country. Pakistan has numerous social crises and unemployment is one among them. The graph of u...
From the circular flow of income model, income, expenditure and Output are different ways of measuring the value of GDP, with total expenditure equaling the total value of output, which in turn equals the total incomes received by the owners of productive resources in the economy. ...
Economic development and growth is sought after and important to the overall development of every country on this earth. Economic development is said to be a long term phenomenon which studies how economic circumstances change over time and how they can be made to change. While there is no scient...
THE SOUTH AFRICAN ECONOMY Brief economic history During the 1960s the South African economy expanded at an annual average rate of 5,5 percent and experienced average inflation of 2,4 percent. This compared with annual growth of 5,0 percent in industrialised Organisation for Economic Corporation and Development (OECD) countries and inflation of 2,9 percent. Dollar per capita income grew 73 percent during the decade. The 1970s were turbulent years internationally and the domestic economy grew by only 3,2 per cent per annum (versus 3,4 percent in OECD countries). Relative economic performan...
During the 1990s, literature on the international political economy was dominated by the idea of globalization. Dramatic decreases in transport costs and the rise of fast and cheap telecommunications technology have made geography less relevant and facilitated massive increases in global trade and new forms of multinational production. Whether or not such developments are good or bad is a topic of ongoing political debate. Some argue that an expanding global economy provides new opportunities for the developing world to integrate into global markets and to achieve rapid rises in living standar...
