Economic development Essays & Research Papers

Best Economic development Essays

  • Economic Development - 551 Words
    A BRIEF ON SMALL AND MEDIUM SCALE ENTERPRISES AND ECONOMIC GROWTH Nigeria as a developing economy cannot achieve full development without the contribution of the small and medium scale enterprises (SMEs). In most developed economies, the main stay of their economy has been attributed to the effectiveness of the small and medium scale enterprises (SMEs). Small and Medium Scale Enterprises (SMEs) is accepted globally as a tool for empowering the citizenry and economic growth. It has been...
    551 Words | 2 Pages
  • economic development - 568 Words
    Johann Philip Sanchez 11107052 CONADEV K34 Economic development has been influenced by four different major theories that talk about how change is best accomplished. The theories are the Linear Stages of Growth theory, the Structural Change theory, the Neoclassical Counter Revolution theory and the New Growth theory. The linear stages of growth model is something like the Marshall Plan, which was used to rebuild the war-torn countries of Europe after the war. This theory basically...
    568 Words | 2 Pages
  • economic development - 567 Words
    ECONOMIC DEVELOPMENT, 1st definition - it is the sum of growth and change Growth vs. change: Growth - the increase in the kinds and quantities of the available resources Change - the rising standard of living Questions to ponder What is the difference between economic development and development? Which comes first, growth or change? Can an economy experience growth without change? TWO CONTEXT OF DEVELOPMENT National - development is a combined effort of both the national...
    567 Words | 3 Pages
  • Economic development - 818 Words
    Economic development is the sustained, concerted actions of policy makers and communities that promote the standard of living and economic health of a specific area. Economic development can also be referred to as the quantitative and qualitative changes in the economy. Such actions can involve multiple areas including development of human capital, critical infrastructure, regional competitiveness, environmental sustainability, social inclusion, health, safety, literacy, and other initiatives....
    818 Words | 3 Pages
  • All Economic development Essays

  • Economic growth and economic development
     VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Tuesday, June 11 2013 Top of Form Bottom of Form http://www.fe-bd.com/index.php?ref=MjBfMDZfMTFfMTNfMV8yN18xNzI0OTk= Economic growth and economic development Like the infrastructure development, improvement of legal mechanism Can now be regarded as the most important precondition for sustainable Growth, a stronger economy, and pro-people system of governance, Writes M S Siddiqui...
    1,031 Words | 4 Pages
  • Economic Development - 3775 Words
    POPULATION AND ECONOMIC GROWTH Pasa Ugyel 100766, 5th semester Population Studies, PS 352 Leishipem Khamrang ABSTRACT Population growth has a substantial impact on economic development. There are two schools of thought regarding this issue. One school of economic thought maintains that population has a negative impact on economic development while other emphatically favours its positive effects on economic development. This paper aims to analyze a long run relationship between...
    3,775 Words | 11 Pages
  • Development Economics - 592 Words
    Development Economics focus is on methods of promoting economic growth and structural change. The early proponents of development as a policy emerged with Keynesian Macroeconomics which encouraged the need for Government Intervention in order for economic growth to take place. This theory identified that fixed capital formation was a major source of economic growth and development. It also pointed out a need for a raise in domestic savings rate in the poor countries since savings led to...
    592 Words | 2 Pages
  • Economic development - 411 Words
    The characteristics of Economic Development A country or a society's economic development is usually associated with rising incomes and related increases in consumption, savings, and investment. Surely, there is far more to economic development than income growth; for if income distribution is profoundly swerved, growth may not be conducted by much progress towards the aims that are usually connected with economic development. But what other characteristics are linked with economic...
    411 Words | 2 Pages
  • Economic Development - 258 Words
    Economic development is the increase in the standard of living in a nation's population with sustained growth from a simple, low-income economy to a modern, high-income economy.[1][2] Also, if the local quality of life could be improved, economic development would be enhanced.[3] Its scope includes the process and policies by which a nation improves the economic, political, and social well-being of its people. Economic growth is the increase of per capita gross domestic product (GDP) or other...
    258 Words | 1 Page
  • Economic Development - 1984 Words
    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...
    1,984 Words | 7 Pages
  • Development Banks Impact on Economic Development
    NATIONAL AND REGIONAL DEVELOPMENT BANKS AND THEIR IMPACT ON ECONOMIC DEVELOPMENT APRIL 3, 2011 Financial Sector An economy’s financial markets are critical to its overall growth and development. Banking systems and stock markets enhance growth and are considered the main factor in poverty reduction. Strong financial systems provide reliable and accessible information that lowers transaction costs, which in turn bolsters resource allocation and economic growth. Development Banks...
    3,205 Words | 12 Pages
  • Aid as a Strategy for Economic Development
    Discuss the advantages and disadvantages of aid as a strategy for economic development. Aid is a term used for major financial and material donations given from a donor country to a recipient country. Aid can be given directly from the donor government to the recipient government (bilateral aid), or go from donor to recipient through an international organization such as the World Bank (multilateral aid). It can also take the form of loans from banks to the recipient country, or donations...
    769 Words | 3 Pages
  • Role of Entrepreneurship in Economic Development
    Entrepreneurship: Entrepreneurship is the attempt to create value through recognition of business opportunity, the management of risk taking appropriate to the opportunity and through the communicative and management skills to mobilize human financial and material resources necessary to bring a project to fruition. According to A. H. Cole, "Entrepreneurship is activity of an individual, undertaken to initiate, maintain or aggrandize profit by production or distribution of economic goods and...
    1,035 Words | 4 Pages
  • A Description of Development Economics - 489 Words
    DEVOLOPMENT ECONOMICS Fall 2013 COLLEGE OF ECONOMICS JINAN UNIVERSITY Instructor: Lan Ding (丁岚) Office Hours: Pending or by appointment Email: tlanding@jnu.edu.cn Time: Monday, 19:00-22:00 Classroom: A506 Course Overview Development Economics explains the unprecedented progress that has been made in many parts of the developing world—but fully confronts the enormous problems and challenges that remain to be addressed in the years ahead. The course shows the wide...
    489 Words | 4 Pages
  • Economic Development in India - 467 Words
    The economic development in India followed socialist-inspired policies for most of its independent history, including state-ownership of many sectors; extensive regulation and red tape known as "Licence Raj"; and isolation from the world economy. India's per capita income increased at only around 1% annualized rate in the three decades after Independence.[1] Since the mid-1980s, India has slowly opened up its markets through economic liberalization. After more fundamental reforms since 1991 and...
    467 Words | 2 Pages
  • Economic Growth and Development - 2937 Words
    {draw:frame} Introduction The world has been divided into developing, under-developed and developed countries. And the race has been always to move from under-developed to developed counties. But the confusion lies herein in this process of movement from the under-developed/developing countries to developed countries. When should a country consider itself to be moving in the right direction i.e. towards its goal of being a developed country? Surveys are made and reports being churned out...
    2,937 Words | 8 Pages
  • Economic Development in International Marketing
    Discuss the significance of economic development to international marketing. 1) Why is the knowledge of economic development of importance in assessing international business opportunity? The knowledge of economic development is of importance in assessing international business opportunities because it helps companies to plan their marketing strategies. Marketing strategies must be tailored to the level of development in a country. Therefore it is important to know if a foreign country is...
    270 Words | 1 Page
  • Entrepreneurship and Economic Development. - 1731 Words
    Entrepreneurship and Economic Development A Commentary on Entrepreneurship and Economic Development (ed. Wim Naudé) Robert J. Strom Interest in the study of entrepreneurship has flourished among scholars in recent years. This research has brought to light, among other things, the important role of entrepreneurship and innovation in economic growth. We know that innovative entrepreneurs—those who bring new products and processes to the market—are disproportionately responsible for the...
    1,731 Words | 6 Pages
  • Foreign Trade and Economic Development
    Question: How far does foreign aid contributes to the economic development of the poor countries? Answer: Developed or rich countries help developing or poor countries by providing aid to them. Currently lots of third world countries receive foreign aids from developed countries. This situation is lasting for many years and has both positive and negative aspects. Foreign aid from various sources can reach recipients through bilateral or multilateral delivery systems. Literally the world is...
    645 Words | 2 Pages
  • Technology as a Determinant of Economic Development
    TECHNOLOGY AS A DETERMINANT OF ECONOMIC DEVELOPMENT Technology has been a huge accompany to mankind; in households, communities, markets, and firms. The fast pace of the technological improvements brought many changes and progress, especially in the field of economy. Human needs have no limit, and in order to maximize the “satisfaction of social wants”, improvements are practiced in order to produce and distribute large amount of goods and products. Philippines is a small populated...
    389 Words | 2 Pages
  • Canadian Strategy of Economic Development
    In this article the researchers have used secondary research and they have conducted intrevies and triangulation. They have emphasized that the colonialization has greatly affected the growth of Canada and the people however want a more tradionally and culturally grounded foundation. The indigenous people think that they have right to maintain their political, economics and social systems. The prevailing conditions are very bad as they people have a lot of health and educational problems. The...
    637 Words | 2 Pages
  • Agriculture and Economic Development - 2717 Words
    The role of agriculture in economic development has undergone an important evolution. In the past, agriculture was often viewed as the passive partner in the development process, however, it is now typically regarded as an active and co-equal partner with the industrial sector. This essay addresses the question of how the agriculture sector can contribute to sustainable economic development of developing countries with the case examples of Zambia. In the same work, the essay suggests what the...
    2,717 Words | 8 Pages
  • Economists and Economic Development - 841 Words
    SEMINAR Economists are social scientists that study how, where, when and why people groups go about business and producing products and services. They look things like how land is used and distributed amongst owners/users, raw material availability and/or trade, availability, education level and size of labour forces, energy sources and costs. They also spend a great deal of time on the numbers - tax rates, inflation rates, interest percentages and currency exchange rates and changes. In the...
    841 Words | 3 Pages
  • Theories of Economic Development - 3684 Words
    Introduction The existence of a chronic state of “underdevelopment” is not only a question of economics or the simple quantitative measures of income, employment and gini-coefficient.Underdevelopment is a real fact of life for two billion people of the world- a state of mind as far as a state of national poverty. Gaulet (1971) poignantly describes under development as a shocking; the squalor, disease, unnecessary deaths and hopelessness of it all. The condition of underdevelopment in its...
    3,684 Words | 10 Pages
  • Rostows Theory of Economic Development
    KENYATTA UNIVERSITY UNIT CODE: UCU 101 UNIT NAME: DEVELOPMENTAL STUDIES LECTURER: MR. MASINDE TASK: A DISCUSSION OF THE ROSTOW FIVE STAGES OF DEVELOPMENT GROPU MEMBERS NAME REGISTRATION NUMBER SIGNATURE NYABUTO MEPHINE BWARI E37/1523/2011 ……………………… BARAZA A. DANIEL E37/1625/2011 ……………………… LUMONYE FAITH JUMA E35S/11325/2010 ……………………… DOUGHLAS NYAKUNDI E37/1509/2011 ……………………… FREDDICK ACHACH E37/1614/2011 ……………………… Rostow’s five stages of...
    1,042 Words | 4 Pages
  • Economic Development in New Zealand
    Economic development in New Zealand ! HDI Life expectancy GDP per capita PPP Literacy rate Mean years of schooling 2010 0.907 80.40 years $25,293 99% 12.4 years 2013 0.919 80.82 years $25,689 99% 12.5 years ! The Human Development Index (HDI) is a composite statistic of life expectancy, education, and income indices used to rank countries into four tiers of human development. From the year 2010 to 2013, New Zealand's HDI has...
    464 Words | 5 Pages
  • E-commerce and Economic Development
    E-commerce and Economic Development (A Study Sponsored by the South Asia Network of Economic Research Institutes) Mahesh C Purohit Vishnu Kanta Purohit Foundation for Public Economics and Policy Research 133, SFS, Ashok Vihar-IV New Delhi-110052 Phone: 27463008; 27427758 Fax: 27142802 e-mail: director@fpepr.org website : www.fpepr.org 1 E-commerce and Economic Development (A Study Sponsored by the South Asia Network of Economic Research Institutes) Mahesh C Purohit Vishnu...
    44,952 Words | 141 Pages
  • The Economic Development of Bangladesh - 2246 Words
    The Economic Development of Bangladesh Introduction Economic development is one dimension of the more inclusive concept of development. Development is both a process and a project. As a process, it refers to changes occurring in countries defined variously as undeveloped, underdeveloped, developing, emerging, and newly industrializing. Economic development refers to the raising of the productive capacity of a country through the introduction of policies designed to enhance the...
    2,246 Words | 7 Pages
  • Entrepreneurship & Economic Development - 7013 Words
    Research Paper On: “ENTREPRENEURSHIP & ECONOMIC DEVELOPMENT” Submitted To: Mr. Niaz Patwary (NzP) Faculty, North South University Submission Date: 3th April, 2013 Course Name: MGT 368 (Entrepreneurship) Section: 09 Submitted by: Kazi Jubair Radin- 1020191030 Table of Content Details | Page Number | Abstract | 03 | Introduction | 04-05 | Literature review | 06-08 | Methodology | 08 | Objective of the Research...
    7,013 Words | 22 Pages
  • Media and economic development - 1404 Words
     VOL 20 NO 157 REGD NO DA 1589 | Dhaka, Sunday, December 30 2012 http://www.fe-bd.com/index.php?ref=MjBfMTJfMzBfMTJfMV8yN18xNTQ4NDg= Media and economic development Published : Sunday, 30 December 2012 M S Siddiqui Bangladesh is a country aspiring to be a member of the middle-income group of states. It has been recognised by some quarters as an 'emerging tiger' with too many challenges at hand. Bangladesh is the seventh largest country in the world in terms of population....
    1,404 Words | 4 Pages
  • Entrepreneurship and Economic Development - 2136 Words
    Role of entrepreneur in the economic development: The entrepreneur who is a business leader looks for ideas and puts them into effect in fostering economic growth and development. Entrepreneurship is one of the most important input in the economic development of a country. The entrepreneur acts as a trigger head to give spark to economic activities by his entrepreneurial decisions. He plays a pivotal role not only in the development of industrial sector of a country but also in the...
    2,136 Words | 6 Pages
  • Barriers to Economic Development in Ghana
    Economic development has to occur after a period of sustained economic growth. It is therefore the growth in total economic output accompanied by changes in the structure of the economy. There are many barriers to economic development in Ghana. Eight of them are discussed below: First and foremost, Ghana like most developing countries is enriched with natural resources or deposits but the human capital is not able to transform them to achieve rapid economic growth and development. For economic...
    1,443 Words | 4 Pages
  • Education and Economic Development - 2069 Words
    Education and economic development The analysis of education as an economic commodity has a long history. The seminal work of Becker (1962) and Schultz(1962) presented a formal model of education as an investment good that augmented the stock of human capital. Individuals made educational choices in the same way as any other investment decision all of which have the common characteristic that an investment cost paid now produces a flow of benefits through time whose present discounted value is...
    2,069 Words | 6 Pages
  • Economic Development Study Guide
    For your Test on Thursday, study text chapters 1 thru 6. Potential questions include the following: Be able to define, explain the characteristics, and compare the differences between Economic Growth and Economic Development. Tied to this question, or perhaps, as another potential question, be able to discuss the various reasons "why some countries are poor." Chapter 2 concerns itself with the problem of measuring economic growth. As another possible question, consider the standard...
    711 Words | 3 Pages
  • Economic Development and Industrialization - 1964 Words
    GEOGRAPHY INDUSTRIALIZATION DEFINITION The process in which a society or country (or world) transforms itself from a primarily agricultural society into one based on the manufacturing of goods and services. Individual manual labor is often replaced by mechanized mass production and craftsmen are replaced by assembly lines. Characteristics of industrialization include the use of technological innovation to solve problems as opposed to superstition or dependency upon conditions outside human...
    1,964 Words | 6 Pages
  • Economic Development in Mongolia - 29413 Words
    SEOUL NATIONAL UNIVERSITY College of Engineering Technology Management, Economics and Policy Program Technology Management, Economics and Policy Papers Economic Development in MONGOLIA Erkhemchimeg BYAMBASUREN and Almas HESHMATI TEMEP Discussion Paper No. 2010:53 공 과 대 학, 기술경영경제정책 대학원과정 151-742 서울시 관악구 신림동 산 56-1 Technology Management, Economics and Policy Program College of Engineering, Seoul National University San 56-1, Shillim-Dong, Kwanak-Gu, Seoul 151-742 ,KOREA Phone:...
    29,413 Words | 90 Pages
  • Economic Development of China - 1004 Words
    The economic development of China By Jazz Exel, David van der Vlugt, Thomas Koop and Winsen Duker – 1TMA3, 2012/2013. When did the economic development started in China? Fifty years ago, China finally introduces ‘The New China in the Orient’. After years of warlords and domestic warfare, finally peace returned to the country. People were positive about the future. Fifty years later, the results are huge. By 1998, the GNP (Gross National Product) grew by over 29-fold, which is an average of...
    1,004 Words | 3 Pages
  • Impact of Economic Development on Science
    ENGINEERING ECONOMICS ASSIGNMENT 1 ECONOMIC DEVELOPMENT AND ITS IMPACT ON SCIENCE Ananthtejas R 09CO12 Economic development Economic development is a broad term that generally refers to the sustained, concerted effort of policymakers and community to promote the standard of living and economic health in a specific area. Such effort can involve multiple areas including development of human capital, critical infrastructure, regional competitiveness, environmental sustainability,...
    2,013 Words | 6 Pages
  • Modernization and Economic Development - 1234 Words
    China is the world’s most populous country, with a population of over 1344 million, making China one of the greatest markets. Many countries like America or India would want to bargain with China because of the huge opportunities in different markets, this stimulates the development of China, causing a rapid economic development and modernization to occur. So I absolutely agree that modernization and economic development has had only brought positive...
    1,234 Words | 9 Pages
  • Population Growth and Economic Development
    DO LARGE POPULATION A KEY TO ECONOMIC PROGRESS Introduction: Thomas Malthus in his published book “An Essay on the Principle of Population” claimed that there is a tendency for the population growth rate to surpass the production growth rate because population increases at a geometrical rate while production increases at an arithmetic rate. Thus, the unfettered population growth in a country could plunge it into acute poverty. However, the pessimist view has proven unfounded for developed...
    1,152 Words | 4 Pages
  • Role of Entrepreneurship in Economic Development
    Role of entrepreneurship in economic development Entrepreneur An entrepreneur can be regarded as a person who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They looks for opportunities, identifies them and seizes them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to undertake...
    787 Words | 3 Pages
  • Entrepreneurs and economic development - 1085 Words
    Global development is entering a phase where entrepreneurship will increasingly play a more important role. There are at least three reasons for this, each particular to certain types of countries. Firstly, in the West, the managed economy of the 1970s-2000s, characterized by reliance on big business and mass production, has given way to a so-called entrepreneurial economy. Here knowledge-driven goods and services are now more flexibly provided by smaller firms, and the emergence of a creative...
    1,085 Words | 4 Pages
  • Authotarian Government and Economic Development
     Authoritarian Government and Economic Development Abstract: The purpose of this study is to examine the correlation between economic development and authoritarian governments. The objectives of this study are to find out whether authoritarian governments an impediment to economic growth and how the authoritarian governments are performing economically compared to the developed democratic nations. The study was conducted using a quantitative approach. In the first part of the study...
    3,066 Words | 14 Pages
  • Difference Between Economic Growth and Economic Development
    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...
    534 Words | 2 Pages
  • 'Economic Growth is a Necessary but not Sufficient Condition of Economic Development"
    Explain this statement. Does Economic Development always lead to Improvements in Livind Standards? Economic growth and economic development are often thought to be synonymous but although the two are closely linked, there are crucial differences in their meanings. Economic growth is defined as 'a rise in the total output (goods or services) produced by a country'. It is measured by the percent rate of increase in the gross domestic product (GDP). Economic development as defined by Todaro is...
    886 Words | 3 Pages
  • Role of Agriculture in Economic Development of Bangladesh
    The Role of Agriculture in the Economic Development of Bangladesh Muhammed Nazmul Islam Economic Portrait of Bangladesh After December 1971 Bangladesh was expected to be a prosperous economy by eradication of poverty & utilization of political freedom to avail economic liberation. With great ambitions in eyes & high responsibilities on the shoulder, Bangladesh reached to the 20th century with some achievements & lots of disappointments. In past 20 years (1990 to 2009) the Gross Domestic...
    1,150 Words | 4 Pages
  • Alexandru Florea Economic Development and Growth
    Economic Development and Growth of Romania Alexandru Florea ARISTOTLE UNIVERSITY OF THESSALONIKI FACULTY OF ECONOMICS AND POLITICAL SCIENCES SCHOOL OF ECONOMICS Economic Development and Growth Professor: Dr. Grigoris Zarotiadis Alexandru Florea JANUARY 2015 1 Economic Development and Growth of Romania Alexandru Florea Contents: 2 Economic Development and Growth of Romania Alexandru Florea A. Introduction The purpose of the project is to analyze the economic development and growth...
    5,263 Words | 30 Pages
  • The Role of Culture in the Economic Development of Countries
    Introduction: The role of culture in the economic development of countries is often overlooked by economists, yet it can significantly affect a country's economic development. Culture generates assets, such as skills, products, expression, and insight that contribute to the social and economic well being of the community. I will show the benefit of culture's impact on economic development through tourism, social capital, and corporate governance. In contrast, culture can produce negative...
    3,291 Words | 10 Pages
  • The Infrastructure Is Important to the Economic Development of an Economy.
    Infrastructure represents those types of capital goods that serve the activities of many industries included paved roads, railroads, seaports, communication networks, financial systems, and energy supplies – that all support production and marketing for industries within the country. Beside that, the quality of an Infrastructure directly affects a country's economic growth potential and the ability of an enterprise to engage effectively. Infrastructure is important for the services it...
    351 Words | 2 Pages
  • The Role of Entrepreneurship in Economic Development in Bangladesh
    The Role of Entrepreneurship in Economic Development The entrepreneurs with their ability to scan, analyze and identify opportunities in the environment transform them into business proposition through creation of economic entities. Entrepreneurship and economic development are intimately related. So, that entrepreneurial process is a major factor in economic development and the entrepreneur is the key to economic growth. Whatever be the form of economic and political set-up of the country,...
    4,098 Words | 12 Pages
  • Casino Gambling as an Economic Development Strategy
    Casino Gambling as an Economic Development Strategy 1) Summary According to the casino gambling is experiencing rapid growth in the Unites States. This paper focuses on social and economic effects of casinos. For the methodology part; the author uses “the Quasi-Experimental Control Group Method” to study 68 counties where casino were open during 1989-1993 and 3 multi-casino counties. The method chooses a control group to of counties similar to counties that can be divided in to 1) The control...
    456 Words | 2 Pages
  • Democracy Is Not a Pre-Requisite to Economic Development
    Stand: Democracy is not a pre-requisite to economic development The relationship between democracy and economic development has long been debated. Does development come first, followed by democracy, in later stages of economic growth? Or does democracy actually pave the way for development? These questions are especially relevant today due to the on-going economic reforms in various parts of the world and growing awareness among policy-makers that problems of governance, public policy, and...
    361 Words | 1 Page
  • Local Economic Development Programs in India
    Local Economic Development Programs in India An essay by Judith Rietveld, Rotterdam School of Management, The Netherlands Introduction In this essay, I try to find an answer to the following question: How can the private sector best serve the unmet needs of India’s people in a sustainable way? I will answer this question from a local economic development perspective. Local economic development is “a process by which public, business and nongovernmental sector partners work...
    2,712 Words | 9 Pages
  • Role of Human Capital in Economic Development
    Introduction Our research topic is to analyze the relationship between human capital and economic growth. Economic growths important determinant are physical capital, labor and human capital. But from the recent trend of world economic growth, we found that human capital is playing a key role by taking the place of material capital and labor. Human capital is intimately related to growth as it increases the nation’s capacity to produce goods and services. It also creates more job...
    2,134 Words | 7 Pages
  • The Role of Entrepreneurship in Economic Development of a Country
    1.The Role of entrepreneurship in economic development of a country An entrepreneur can be regarded as a person, who has the initiative skill and motivation to set up a business or enterprise of his own and who always looks for high achievements. He is the catalyst for social change and works for the common good. They look for opportunities, identify them and seize them mainly for economic gains. An action oriented entrepreneur is a highly calculative individual who is always willing to...
    2,536 Words | 8 Pages
  • The Schumpeterian Theory of Economic Growth and Development
    THE SCHUMPETERIAN THEORY OF ECONOMIC GROWTH AND DEVELOPMENT Schumpeter assumes a perfectly competitive economy, which is in stationary equilibrium. In such a stationary state, there is perfect competitive equilibrium, no profits no interest rates, no saving, no investment and no involuntary unemployment. This equilibrium is characterized by what Schumpeter terms as “circular flow” which continues to repeat itself in the same manner year after year. In the circular flow, the same products are...
    1,503 Words | 5 Pages
  • Five Year Plans for Economic Development
    Five year Plans for Economic Development After the 6.25 war, most of all production institution was in ruin condition, so the South Korea economic had to start off with a clean state. In 1950s, Korea could survive based on U.S.A’s support, but when the international balance of payments and the budget deficit expanded, U.S.A had to announce to Korea that they will reduce the amounts of the support. For this reason, the president of South Korea, Park Jung Hee, who seized the power through...
    2,038 Words | 6 Pages
  • Challenges Faced by a Country for Economic Development
    Challenges Faced by a Country for Economic Development: An economy is flourishing and is shown to be beneficial and fruitful for the people living in it only when the growth of the economy goes up continuously. It is essential for a country to not only develop politically or socially but it also needs to demonstrate economic development in order to sustain in the international market and in order to come ahead of other countries. But it is not very easy for any economy to economically keep...
    478 Words | 2 Pages
  • Indian Economic Development: Issues and Perspectives
    BECE 002 Bachelor’s Degree Programme (BDP) ASSIGNMENT For July 2012 and January 2013 Students Course Code: BECE 002 Title of Course: Indian Economic Development: Issues and Perspectives School of Social Sciences Indira Gandhi National Open University Maidan Garhi, New Delhi-110068 BECE-002 INDIAN ECONOMIC DEVELOPMENT: ISSUES AND PERSPECTIVES 2012-13 Dear Student, As per the present pattern of assignments, you will have to do one assignment for this elective course...
    307 Words | 3 Pages
  • Sustainable and Integrated Rural Economic Development
    Project E3 - Sustainable and Integrated Rural Economic Development Summary: Project E3 is a Public, Private and Community Partnership Project for creating a sustainable Rural Economic Development Telecentre Network to help grass root youth women farmers and micro businessmen to improve their quality of life through economic inclusion through innovative use of ICT. Project E3 used ICT for effective addressing of rural Telecentre economic problems implementing a local language based e...
    3,711 Words | 13 Pages
  • The Impact of Globalisation on the Economic Development of Cameroon
    Table of Contents CHAPTER -I- INTRODUCTION 3 CHAPTER -II- LITERATURE REVIEW 2 1.0 Globalisation and Economic development 2 1.1 GLOBALISATION 3 1.2 ECONOMIC DEVELOPMENT 11 CHAPTER –III- ANALYSIS OF THE IMPACT OF GLOBALISATION ON CAMEROON’S ECONOMIC DEVELOPMENT 17 1.0 Impact of Globalization on the Economy of Cameroon 17 1.2 The impact of development partners 20 1.3 The way forward for Cameroons Economic Development 22 CHAPTER –IV- CONCLUSION 24 References 26...
    5,306 Words | 16 Pages
  • Introducing Economic Development: a Global Perspective
    Name: Kiestiko Sri Saptasari NIM: 126030112111011 PART ONE: PRINCIPLES AND CONCEPTS Chapter I: Introducing Economic Development: A Global Perspective 1. How to Other Half Live There are two type of family in the world: the wealth family and the poor one. It is said that over 40% of the world’s population lives on less than $2 per day, as a part condition of absolute poverty. The term absolute poverty is a situation of being unable to meet the minimum levels of income, food, clothing,...
    1,915 Words | 6 Pages
  • Economic - 885 Words
    Need and importance of ssi In a developing country like India, the role and importance of small-scale industries is very significant towards poverty eradication, employment generation, rural development and creating regional balance in promotion and growth of various development activities. It is estimated that this sector has been contributing about 40% of the gross value of output produced in the manufacturing sector and the generation of employment by the small-scale sector is more than...
    885 Words | 3 Pages
  • Economics - 2463 Words
    Philippines Economy To Survive Haiyan Despite a terrible human toll, Haiyan is unlikely to derail the nation’s impressive economic performance. By Anthony Fensom Asia’s “strong man” economy of the Philippines is considered tough enough to weather the effects of Typhoon Haiyan. Yet even after the deadliest typhoonin the nation’s recorded history, analysts have warned of potentially worse storms ahead. After making landfall on November 8, Haiyan (known as Yolanda in the Philippines) flattened...
    2,463 Words | 7 Pages
  • Development - 2677 Words
    THE UNIVERSITY OF ZAMBIA, SCHOOL OF HUMANITIES AND SOCIAL SCIENCES, DEPARTMENT OF DEVELOPMENT STUDIES. NAME: COMPUTER NUMBER COURSE: TUTOR COURSE COODINATOR: TUTORIAL GROUP/DAY/TIME: DUE DATE: QUESTION: This assignment is an Endeavour to account for what has gone wrong in developing countries. It will discuss this using the theories of modernization and dependency. It will...
    2,677 Words | 8 Pages
  • The Meaning of Colonialism: the Economic Development of Weaker Nations
    Introduction As defined ¡°The purpose of colonialism include economic exploitation of the colony¡¯s natural resources, creation of new markets for the colonizer, and extension of the colonizer¡¯s way of life beyond its national borders¡± ( ). This definition fails include creation economic development weaker nations. The meaning of Japanese colonialism is the development of an advanced economic structure in the inferior, underdeveloped country of Korea. In this essay, I will argue that during...
    1,267 Words | 5 Pages
  • Why Local Economic Development Requires Strategy
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