Explain why there might be rapid economic growth in a country (10m) Economic growth measures the rate of change in the volume of output produced within the economy. It is a key indicator of the nation’s economic wellbeing. Rapid economic growth can be described as economic growth that occurs in a short period of time‚ or at a great speed. A country might experience rapid economic growth due to increases in aggregate demand which lead to actual growth‚ interest rates‚ exchange rates‚ as well as
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Rapid Economic Growth In East Asian Countries Over the past decade‚ there has been rapid long-term economic growth for East Asian countries. These newly industrialising countries are experiencing growth rates in GDP per head at around 6% to 7% compared to the 2% to 3% for most industrial economies. If this growth continues‚ South Korea and Taiwan might take away America’s distinction as the world’s richest country. This rapid economic growth is a result of several economic and political
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What Explains the Rapid Growth in the Internet? In these few centuries‚ the broadcasting industries have a few significant transformations. The broadcasting radio industry expanded rapidly in 1920s until the born of television service in 1936. However‚ the born of broadcasting television service did not influence broadcasting radio industry very much. In fact‚ the real challenger of broadcasting industries is Internet‚ which was growth rapidly in these two decades. This essay is mainly divided
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What explains rapid economic growth in Europe‚ 1945-1973? After the Second World War ranging in the period of 1939-1945‚ countries involved were faced with large amounts of destroyed physical property‚ as well as numerous deaths of civilians and soldiers. However‚ the hardships of the previous years of war and depression were replaced by rising living standards and increased opportunities.(Bohanon‚ 2012) This is because countries could now grow rapidly simply by repairing wartime damage‚ rebuilding
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population growth in developing areas‚ at least that is what some researchers believe. They agree that rapid growth in today’s less developed countries have favorable effects such as economies of scale and specialization‚ better capacities‚ and motivations of younger people compared with older ones. However‚ rapid population growth creates high pressures on elemental resources that compromises our actual model of development as human beings. In fact‚ it’s often suggested that rapid population growth in developing
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What explains the rapid growth of the internet? Why will it continue to grow at the same pace? Currently Australia is has a growing population. There is one birth every 1.7 minutes‚ one death every 3.6 minutes‚ a gain of one migrant every 2.2 minutes ‚ leading to an overall total population increase of one person every 1 minute and 18 seconds deducting the amount of deaths occurring. The media are systems or technology that assist and promote human communication (O’Shaughnessy & Stadler‚2008).
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processes. This work is used with the permission of Do Nam Thang. © 2008‚ Do Nam Thang. Viet Nam’s rapid growth: at what environmental costs? By Do Nam Thang‚ PhD Viet Nam Environmental Protection Administration Ministry of Natural Resources and Government 67 – Nguyen Du – Ha Noi – Viet Nam Email: donamthang18@gmail.com Paper presented at the Conference on ‘Emergence of Vietnam as a Middle Income Country: Opportunities‚ Constraints and Regional Implications’ 30-31 October 2008 Institute of Southeast
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Determinants of Economic Growth in Developing Countries: A Panel Cointegration Approach Zequn (Charlie) Li December 19‚ 2014 Economics 385 St. Olaf College Abstract Many factors influence the economic growth process. Especially‚ the inflow of foreign direct investment (FDI) has been found to play a crucial role in the economic growth of receiving countries. This paper examines determinants of economic growth in developing countries from 1991 to 2010. Using panel cointegration approach
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comparing the economic growth of the UK and developing economies using GDP as a measure One problem with comparing the economics growth of the UK and developing economies using GDP‚ is that GDP is not an accurate measure of the output of an economy because of the black economy. This means that certain pieces of data are not included in the calculation of GDP‚ therefore undervaluing the real output. Secondly GDP cannot be an accurate measure of the entire economic growth of a country. Factors such
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consequence of rapid growth. Within Mumbai there is a slum area‚ Dharavi which houses 600‚000 people in only one square mile land. This has come as a consequence of rural to urban migration; the rural people are attracted to the city by the “bright light syndrome” and the prospect of jobs and a better standard of living. Often TNCs invest in megacities within developing cities due to the cheap labour‚ but there are simply not enough jobs for all the people that rapidly move into the city. The rapid growth
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