The Effect of Education on Economic Growth Abstract Education is one of the primary factors of development. Countries can’t achieve economic development without investment in human capital. Vocational training and higher education equip a worker to perform certain jobs or functions .It improves the quality of their lives and leads to social benefits to individuals and society like improving income distribution. Education increase people’s productivity and creativity
Premium Capital accumulation Economics Economic growth
Economic Development vs Economic Growth Economic Growth is a narrower concept than economic development.It is an increase in a country’s real level of national output which can be caused by an increase in the quality of resources (by education etc.)‚ increase in the quantity of resources & improvements in technology or in another way an increase in the value of goods and services produced by every sector of the economy. Economic Growth can be measured by an increase in a country’s GDP (gross
Free Gross domestic product Economics Quality of life
Discuss the causes and effects of Economic Growth Economic Growth Before discussing the causes and effects of economic growth‚ I will define what economic growth actually is and distinguish between the two types of growth in the economy; actual and potential. On the whole‚ economic growth may be defined as ‘a long-run increase in an economy’s productive capacity and trend output’. The long-run output growth trend an economy achieves is indicated by the path of trend Gross Domestic Profit
Premium Economics Economic growth Inflation
Strategy of MBA programme in Hong Kong 1. Research Background 2. Research Approach 3. Data Analysis 4. Promotion strategy 5. Recommendation 6. Limitation of the research Attact The objective of this essay is find out a method to better promote the MBA program in Hong Kong. The research based on the online questionnaire‚ and then the research method will be used including Descriptive Statistics‚ Cross tabulation Analysis. The survey is conducted in Hong Kong.100 samples were collected
Premium Mainland China Hong Kong Marketing
A2 Macroeconomics / International Economy Costs and Benefits of Economic Growth The advantages and disadvantages of economic growth are fiercely debated by economists‚ environmentalists and other commentators. In this note we consider some of the economic and social costs and benefits from expanding levels of production and consumption. In particular we focus on the idea of sustainable growth. The Benefits of Economic Growth According to the UK government‚ ‘a healthy economy leads to higher
Premium Sustainability Economics Environmentalism
Chief Executive Leung Chun-ying said on Monday Hong Kong should think of ways to expand its tourism facilities to capitalise on the growth of mainland tourists. He made the remarks after meeting with Guangdong Governor Zhu Xiaodan during a conference on cross-border co-operation held in Hong Kong. We should actively study how to expand our capacity so that the pressure brought about by tourists can be reduced in some districts CHIEF EXECUTIVE LEUNG CHUN-YING Leung said his administration and
Premium Hong Kong Cantonese people Hong Kong people
Japan achieved sustained growth in per capita income between the 1880s and 1970 through industrialization. Moving along an income growth trajectory through expansion of manufacturing is hardly unique. Indeed Western Europe‚ Canada‚ Australia and the United States all attained high levels of income per capita by shifting from agrarian-based production to manufacturing and technologically sophisticated service sector activity. Still‚ there are four distinctive features of Japan ’s development through
Premium Economics Economy of Japan Economic growth
1. Neoclassical Theory Causes of Economic Growth a. Increase in labor quantity (population growth) b. Improvement of labour through training and education c. Increase in capital (higher savings and investments) d. Improvements in technology Neoclassicals believe that government control inhibits growth as it encourages corruption‚ inefficiency and offers no profit motive for entrepreneurship. Underdevelopment is seen as the result of government inefficient use of resources and state intervention
Free Economics Investment Macroeconomics
undersubscribed leading to Chase taking up the balance loan amount. Thus Chase had to set proper price for the loan (spread) and to include more sub underwriters to share the burden in the event of under subscription • Political Risks – The risk that the Hong Kong government may back track on their promises and that they may pressure them to include local banks in the syndication • Reputational risk – In the event that they put a bid that is not fair to other participants‚ this would taint their standing
Premium Underwriting Insurance Credit
theory that the law administered by the king’s courts represented the common custom of the realm‚ as opposed to the custom of local jurisdiction that was applied in local or manorial courts. In its early development common law was largely a product of three English courts—King’s Bench‚ Exchequer‚ and the Court of Common Pleas—which competed successfully against other courts for jurisdiction and developed a distinctive body of doctrine. The characteristics of common law system are: -There is not always
Premium Law Common law Jury