Should Caribbean countries focus their economic development agenda on achieving economic growth or economic development? Give reasons for your answer.
Areas to be covered:
Economic development enable the progressive changes in the parameters of life expectancy for example, increase literacy level, less infant mortality rate, increased healthcare services etc. Whereas, economic growth enable the increase in GDP, GDP per capita, income etc.
Caribbean countries should focus their economic agenda on economic development because economic development leads to a holistic development of the society of an economy. When the population of the country will because capable in all aspect, in having skill, education, better healthcare facility etc. they themselves would become capable enough to increase the parameters included in economic growth, that too in more holistic way by reducing various inequality like income inequality etc.
Should Caribbean countries focus their economic development agenda on achieving economic growth or economic development? Give...
Should Caribbean countries focus their economic development agenda on achieving economic development? Give reason for your answer.
1.DEFINE ECONOMIC DEVELOPMENT INCENTIVES THAT GOVERNMENTS USE AND GIVE EXAMPLES OF THEM. 2.State why it is important to know if government incentives which contribute to the small business sector brings growth and economic stimulation within a country. Why should we research on this to see if it impacts it positively or negatively? Who is this knowledge beneficiall to?
1. Describe the causative relationship between economic growth and economic development. You answer should be structured in terms of the general factors necessary for economic growth. 2. Under assumptions of the Harrod-Domar model, how does a decrease in capital-output ratio lead to the possibility of self-sustaining growth? 3. Using a Lewis labor surplus framework show graphically and explain how an increase in capital-augmenting agricultural (traditional sector) technology affects a country’s ability to achieve self-sustaining growth that is driven by modern...
“Stages of development point out that financial development causes growth at the start of the modern development, but once the financial system is established, it mainly follows the real sector” (Hugh Patrick, cited in Todaro and Smith, 2011, p. 730). (a) What is so important about the role of the financial system in economic development? Explain the six major functions that are important at the firm level and at the level of the economy as a whole? (b) Explain the...
5. Name AND DEFINE two growth strategies that involve selling the company's current product to increase market share. (4 pts.) 6. A analysis is used to appraise an organization's internal (positive and negative) attributes and an organization's external (positive and negative) attributes. Fill in the blank and explain the four factors. (5 pts.) 7. True or False. An effective marketer anticipates and prepares for environmental changes before they occur. (1 pt.) 8. Give two reasons why a company should market...
Childhood obesity has become a critical issue in the United States and other countries over the past 30 years. All three countries of North America have seen childhood obesity (a child with a Body Mass Index above the 95th Percentile) more than double since 1980 (Berger, 2019). There are many reasons why this dramatic increase occurred. Parents have a role in the obesity of children. Parents are the model for children's eating habits and parents provide food for children to...
For your chosen phenomenon, conduct an economic analysis bearing in mind the purpose and remit of this course. An introduction should typically outline the phenomenon you have chosen and highlight its significance. You may present some data to illustrate the phenomenon. Good economic analysis entails identifying (1) the various aspects of the exchange process (the market, the agents involved, the equilibrium outcome), (2) the factors that can affect market outcomes over time and (3) the welfare implications of the exchange...
Normative economic statements are economic policy goals. Equity goals are based on what happens--the fairness of outcomes. Efficiency arguments are based on how it happens--maximizing the social value of output. We will do equity arguments this week. A compelling normative argument usually contains some positive (factual) supportive statements. Consider these equity statements: Statement One: It is acceptable to use GDP to measure output but it should not be used as a measure of well-being since this is unfair to those...
In each question, be sure to support facts and give examples to demonstrate learning. In answering questions, you must define and explain the organizational behavior terms that you use. 1. You own and operate a hardware store in Maumelle, Arkansas. Following a major tornado in town, you see that there is a demand for generators. You have purchased the 200 in your shop over time for between $150 and $175, and you sell them for $250 each except for sales,...
These questions are from the vision and proposed actions outlined on jointly building silk road economic belt and 21st century maritime silk road. The requirement is short essay answers. You can google the article 4. From your opinion, why did Chinese government launch the Belt and Road Initiative? 5. This action outline mentioned that the Belt and Road Initiative promotes practical cooperation in all fields, and works to build a community of shared interests, destiny and responsibility featuring mutual political...