Economic development Economic development is the development of standard of living of humans. Development in infrastructure‚ health‚ industry‚ education‚ and financial institutions are parts of economic development. Average income of a person‚ life expectancy at birth‚ literacy rate‚ etc. are measurements of economic development. In order to increase the standard of living infrastructure facilities should be developed. Developments in roads‚ irrigation systems are a part of economic development
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and the subsequent years were seen as an important era for the making of this city‚ as the economic growth had several implications on the social and political life as well. Thus‚ this period saw the coming up of several shops owned by business families who had migrated from different regions of India‚ setting up of cotton mills‚ the Native Stock Exchange centre for joint stock/ ventures etc. The economic growth was also linked to the rise of political thoughts and ideas amongst the upper classes of
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China’s Successful Economic Growth China may share some economic growth patterns with Japan‚ Korea‚ and Taiwan due to cultural similarities‚ geographic location‚ similar economic development strategies‚ or‚ in the case of Japan‚ relatively large size of the domestic economy. China’s economic growth is expanding at a great pace‚ while other countries may be at a standstill. China has been the world ’s fastest-growing economy. One of the main stimuli twelve years ago was the release of Hong Kong
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Corruption and Economic Growth This brief overview analyzes corruption and its relationship to economic growth. The brief continues to consider the idea of economist Amartya Sen that development means more than economic growth. Additionally‚ provided‚ a quick risk analysis of two countries where corruption is common everyday practice. Corruption and Economic Growth Relationship What is the relationship between corruption in a country and economic growth? Answer this question. Research indicates
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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
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changes in the economy affect the society‚ however we should think whether the economic growth brings benefit in terms of wealth and well-being. Economy is an integral part of society‚ because it defines actions that give rise to the production‚ distribution‚ exchange and consumption of goods and services. I would like to focus on the national economy in terms of economy in the UK. Economists to measure economy growth and well-being individual members are looking at the level of GDP per head‚ which
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Economic Growth and Air Pollution: Three Empirical Essays Based on Nonparametric Methods Thèse présentée à la Faculté des sciences économiques Université de Neuchâtel Pour l’obtention du grade de docteur ès science économiques Par Carlos Ordás Criado Acceptée sur proposition du jury de thèse: Prof. Jean-Marie Grether‚ Université de Neuchâtel‚ directeur de thèse. Prof. Jaime de Melo‚ Université de Genève‚ co-directeur de thèse Prof. Thanasis Stengos‚ University of Guelph Prof. Philippe
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Governor Central Bank of Nigeria GROWTH PROSPECTS FOR THE NIGERIAN ECONOMY Convocation Lecture delivered at the Igbinedion University Eighth Convocation Ceremony‚ Okada‚ Edo State‚ November 26‚ 2010 GROWTH PROSPECTS FOR THE NIGERIAN ECONOMY Sanusi Lamido Sanusi‚ CON Governor Central Bank of Nigeria 1.0 INTRODUCTION Nigeria’s economic aspirations have remained that of altering the structure of production and consumption patterns‚ diversifying the economic base and reducing dependence
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Accounting ISSN 2222-1697 (Paper) ISSN 2222-2847 (Online) Vol 2‚ No 3‚ 2011 www.iiste.org The Role of Capital Market on Economic Growth in Nigeria (19802008) Usman Owolabi Akeem‚ Phd Faculty of ManagementScience‚PMB4000‚ LAUTECH‚Ogbomoso‚Nigeria e-mail-labisky@yahoo.com‚ Tel:+2348036675099 Abstract The capital markets play important roles in the economy growth of the market. A well functioning market insures that both corporation and investors get or receive fair prices for their securities
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Introduction to Economic Growth Economic growth is defined as a positive change in the level of production of goods and services by a country over a certain period of time. With that in mind‚ I must say that economic growth is often desirable for a country as a whole. However‚ one has to acknowledge and able to differentiate between Nominal Economic Growth (NEG) and Real Economic Growth (REG). NEG is derived without considering the effect of inflation whereas REG is calculated based on the effect
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