Does economic growth always bring economic development? Name some of the countries which grow without development?...
Does economic growth always bring economic development? Name some of the countries which grow without development? What are the common characteristic(s) of these countries?
Homework Answers
Economic growth and development are two different concepts. Economic growth is a quantitative aspect and development is a qualitative aspect. Growth in GDP shows growth but growth in literacy, improvement in standard of living, health and education, women empowerment show economic development. Growth does not guarantee development but development guarantees growth.
There are examples in developing countries where countries grew GDP wise but real development did not occur. Pakistan, Afghanistan for an example. These countries have positive GDP growth rates but in terms of human development and business indices are ranking poor.
Common characteristics of these countries are:
Poor infrastructure, narrow product portfolios, dependence of foreign aids, political instabilities, dependence of primary commodities are common characteristics of these countries.
Add Answer to:
Does economic growth always bring economic development? Name
some of the countries which grow without development?...
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 growth or economic development? Give reasons for your answer. Areas to be covered: Your response should define economic development and economic growth Use examples to show why you have chosen one over the other
Economic Policy is important for growth and Development of many countries. The starkest example of what...
Economic Policy is important for growth and Development of many countries. The starkest example of what the gains and losses from policy can be comes from the varying experience of sub-Saharan Africa and East Asia in the last sixty years. Tracking Development in South-East Asia and Sub-Saharan Africa indicates that the two regions with comparable levels of income per capita in the 1950s diverged in growth so rapidly. Why are there so many Asian tigers and not yet so many...
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher...
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher rate of economic growth is a result of increasing productivity: meaning more goods are produced per person which increases incomes; escaping poverty faster. How do institutions increase total factor productivity (TFP) and create incentives for economic growth? Your Answer: Enter answer 4 The "institutional theory" suggests that by establishing property rights, free and open markets, and the rule of law, a country will create...
Is economic growth in the developing world related to growth in the industrialized? countries? The output...
Is economic growth in the developing world related to growth in the industrialized? countries? The output of a regression analysis that related growth? (in % of Gross Domestic? Product) of the developing countries to the growth of developed countries from 1970 to 2007 is given below. Complete parts a through f. LOADING... Click the icon to view the regression analysis. ? Dependent? variable: Growth Developing Countries Rsquared2equals=20.8320.83?% Variable Coefficient Intercept 3.593.59 Growth Developed Countries 0.405 a) Write the equation of...
Use of psychoactive drugs (always/does not always) lead(s) to addiction. But repeated use of some kinds...
Use of psychoactive drugs (always/does not always) lead(s) to addiction. But repeated use of some kinds of psychoactive drugs can lead to the development of , which means that a larger dose is required to bring about the same effect that a smaller dose initially produced. In some cases, when people stop using certain psychoactive drugs, they may experience uncomfortable side effects known as , which might include cravings and discomfort.
1. Describe the causative relationship between economic growth and economic development. You answer should be structured...
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...
Econ growth Of the seven methods listed to improve economic growth, which do you believe is...
Econ growth Of the seven methods listed to improve economic growth, which do you believe is the most effective in helping low-income countries grow into middle-income countries?
Discuss the following: The policies that promote economic growth. Why are some countries more developed than...
Discuss the following: The policies that promote economic growth. Why are some countries more developed than others?
7.3.6 The economic dynamism, which is the index of productive growth in dollars for countries that...
7.3.6 The economic dynamism, which is the index of productive growth in dollars for countries that are designated by the World Bank as middle-income are in table #7.3.8 ("SOCR data 2008," 2013). Countries that are considered high-income have a mean economic dynamism of 60.29. Do the data show that the mean economic dynamism of middle-income countries is less than the mean for high-income countries? Test at the 5% level.
5. In defining development to include more than just the growth of per capita income, there...
5. In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income alone is not sufficient to guarantee the reduction of poverty and the growth of self- esteem. Is it possible that there could be growth of per capita income without the achievement of these other objectives? 6. Explain (provide an economic intuition) how the following characteristics that are common to developing countries affect economic...
Why is economic growth key for countries who want to escape poverty? Your Answer: A higher rate of economic growth is a result of increasing productivity: meaning more goods are produced per person which increases incomes; escaping poverty faster. How do institutions increase total factor productivity (TFP) and create incentives for economic growth? Your Answer: Enter answer 4 The "institutional theory" suggests that by establishing property rights, free and open markets, and the rule of law, a country will create...
Use of psychoactive drugs (always/does not always) lead(s) to addiction. But repeated use of some kinds of psychoactive drugs can lead to the development of , which means that a larger dose is required to bring about the same effect that a smaller dose initially produced. In some cases, when people stop using certain psychoactive drugs, they may experience uncomfortable side effects known as , which might include cravings and discomfort.
7.3.6 The economic dynamism, which is the index of productive growth in dollars for countries that are designated by the World Bank as middle-income are in table #7.3.8 ("SOCR data 2008," 2013). Countries that are considered high-income have a mean economic dynamism of 60.29. Do the data show that the mean economic dynamism of middle-income countries is less than the mean for high-income countries? Test at the 5% level.
5. In defining development to include more than just the growth of per capita income, there is an implicit assumption that the growth of per capita income alone is not sufficient to guarantee the reduction of poverty and the growth of self- esteem. Is it possible that there could be growth of per capita income without the achievement of these other objectives? 6. Explain (provide an economic intuition) how the following characteristics that are common to developing countries affect economic...
Most questions answered within 3 hours.
-
Part 1. Primitive Types, Sorting, Recursion for
Homework.java
a) Implement the static method initializeArray that receives...
asked 57 minutes ago -
Using C++, build a sorter that can rank a sequence of numbers in
a descending order....
asked 53 minutes ago -
Derive ground state term symbols. Use notation 2S(1/2) for state
2S1/2
a) d5
b) f3
c)...
asked 1 hour ago -
A sample of size 31 will be drawn from a population with mean 39
and standard...
asked 1 hour ago -
What is the effect on the P-value when a test is changed from a
two-tailed hypothesis...
asked 2 hours ago -
I wish to estimate µ, the mean of a population. After I collect
and an-
alyze...
asked 2 hours ago -
At a local university, you poll a group of 115 students and find
that 37 of...
asked 2 hours ago -
Gladstone company tracks the number of units purchased and sold
throughout each accounting period but applies...
asked 2 hours ago -
When determining if a molecule's configuration is E or Z, what
determines the higher priority groups?
asked 2 hours ago -
13. What is the amount
of conversion cost transferred to finished goods? (Round
your intermediate calculations...
asked 2 hours ago -
Sulfuric Acid is a "strong" acid, but only releases a single
proton when it dissolves. What...
asked 2 hours ago -
The
second floor of a house is 6 m above the street level. How much
work...
asked 2 hours ago