BUS 626 W5D2

Economic growth typically results in rising standards of living and prosperity. However, it also invites negative externalities such as environmental degradation due to over-exploiting of natural resources. As such, the world is confronted with the dilemma of  growth versus environmental sustainability. Developing a model explaining the disparity of economic development concentrating on drivers such as tourism sustainability, technological innovation and the quality of leadership would be important not only to facilitate future economic growth in developing countries, but also to the environmental and sociocultural sustainability which ultimately lead to global sustainable development. The present research objective is to develop and test framework of sustainable development by considering the elements of tourism, technological innovation, and national leadership. This further would facilitate growth, environmental and socio-cultural sustainability. Understanding the integration of…

If one of the two representatives at an international development conference defines ‘development’ as having high-rise buildings and modern architecture while the other defines ‘development’ as having high family values and strong moral standards, what kind of disagreement do you think they are engaged in and why do you think so? As a member of the organizing team seeking to bring development to all participating nations at the conference, do you think a stipulative definition is helpful? Justify your answer referencing our discussions in the course so far

Graphically illustrate the changes over time in the table using the Lewis Model. Note that this means one assumption from the table will not be able to hold true in this model of economic development. Point out the difference on your graph.

An underdeveloped country is a country characterized by chronic widespread poverty and less economic development than other nations. Emerging markets, developing countries, and newly industrialized countries are terms that are often used interchangeably for an underdeveloped country. These countries have very low per capita income and many residents live in very poor conditions, including lacking access to education and health care. Additionally, underdeveloped countries have obsolete methods of production and social organization. These nations often experience high birth rates and high population growth, further contributing to their widespread poverty. The most accurate way to categorize the development of countries is by using the Human Development Index (HDI). The Human Development index looks at each country’s human development such as life expectancy, education, and per capita income indicators. Human Development Index ranks countries on a scale from 0-1, from least developed to…

An underdeveloped country is a country characterized by chronic widespread poverty and less economic development than other nations. Emerging markets, developing countries, and newly industrialized countries are terms that are often used interchangeably for an underdeveloped country. These countries have very low per capita income and many residents live in very poor conditions, including lacking access to education and health care. Additionally, underdeveloped countries have obsolete methods of production and social organization. These nations often experience high birth rates and high population growth, further contributing to their widespread poverty. The most accurate way to categorize the development of countries is by using the Human Development Index (HDI). The Human Development index looks at each country’s human development such as life expectancy, education, and per capita income indicators. Human Development Index ranks countries on a scale from 0-1, from least developed to…

An underdeveloped country is a country characterized by chronic widespread poverty and less economic development than other nations. Emerging markets, developing countries, and newly industrialized countries are terms that are often used interchangeably for an underdeveloped country. These countries have very low per capita income and many residents live in very poor conditions, including lacking access to education and health care. Additionally, underdeveloped countries have obsolete methods of production and social organization. These nations often experience high birth rates and high population growth, further contributing to their widespread poverty. The most accurate way to categorize the development of countries is by using the Human Development Index (HDI). The Human Development index looks at each country’s human development such as life expectancy, education, and per capita income indicators. Human Development Index ranks countries on a scale from 0-1, from least developed to…

An underdeveloped country is a country characterized by chronic widespread poverty and less economic development than other nations. Emerging markets, developing countries, and newly industrialized countries are terms that are often used interchangeably for an underdeveloped country. These countries have very low per capita income and many residents live in very poor conditions, including lacking access to education and health care. Additionally, underdeveloped countries have obsolete methods of production and social organization. These nations often experience high birth rates and high population growth, further contributing to their widespread poverty. The most accurate way to categorize the development of countries is by using the Human Development Index (HDI). The Human Development index looks at each country’s human development such as life expectancy, education, and per capita income indicators. Human Development Index ranks countries on a scale from 0-1, from least developed to…

According to Figure 15.4, by what percentage did GDP per capita increase between 1820 and 1995 in  North America? Latin America? Africa?

SOLOW’S MODEL Consider following information from China and New Zealand in table:   China New Zealand Real per capita GDP growth, 2012-2019 (average %) 6.5% 1.6% Real GDP per capita, 2012 (in constant 2017 USD) 11,169 32,989 Real GDP per capita, 2019 (in constant 2017 USD) 16,655 45,555 Average savings rate, 2012-2019 (% of real GDP) 43.7% 21.4% Capital stock, 2019 (in millions of constant 2017 USD) 14,283,969 409,160 Population (in millions) 1,434 4.8 Population growth (in %) 0.5% 1% Capital depreciation rate (in %) 3% 3% Production function in both economies has following functional form:  Yt = A* K1/3 * L2/3 Where Yt denotes aggregate GDP in period t, Kt is aggregate capital stock, Lt is employment (assumed equal for whole population) and A is total factor productivity. Using information provided in table, explain from SOLOW MODEL perspective what factors could explain differences in average GDP per capita…

Assume you are given the following data for country Alpha and country Beta. Country Alpha Beta GDP per Capita $2,500 $15,000 Based only on the GDP per capita data given in the table, you would most likely want to live in Now assume you are given the following additional quality-of-life data. Alpha Beta Life Expectancy at Birth Per Capita Calorie Supply Country Alpha Beta (Years) 70 (Per day) Per Capita Energy Consumption (Kilograms of oil equivalent) 3,500 65 2,500 4,000 3,000 Based on the information in both tables, the nation that you would most prefer to reside is .

Climate differences affect the economic development of countries.  For example, undeveloped countries live in tropical and sub-tropical zones whereas highly developed nations live in temperate zones.  Give two reasons why differences in climate tend to affect growth in economic development.

GDP per capita is one way to measure an economy's growth. China and India began to progress when they allowed private ownership, around ____. Since then, there has been steady, strong growth in these economies. Group of answer choices 2000 1970 1980 1990 1960

Why is the number of people moving to cities in LDCS greater than the number of people moving to cities in MDCS? What are the Economic Development Implications of the rapid growth in population of LDC cities? Ike all elace raenrene

Use an appropriate diagram, with exponential growth of population and linear growth of food, to demonstrate the Malthusian theory in each of the following scenarios. In particular, assume a Malthusian world, and explain the effect on per-capita wealth over time. In your diagram, ‘Time’ should be on the horizontal axis and ‘Quantity’ should be on the vertical axis. Explain your reasoning in each case.

Q: Briefly summarizing both linear stage models and structural transformation models. What can you say in terms of the strength of each model in explaining the extent that poor countries remain poor and rich countries remain rich? Do these models any use in explaining development differences among different countries? Why or why not?  Discuss in detail.

Please answer all the questions below with a detailed and 100% correct solution.

Some of the ways that industrially advanced countries (ACS) can help developing countries (DVCS) in achieving faster economic growth include the following, except Expanding trade Subsidizing their own agricultural sectors Admitting in more temporary workers Discouraging arms sales

One of the characteristics of some developing economies is the relatively low level of trust of people outside one’s extended family. How might the models explored in this chapter shed light on this problem?

SOLOW'S MODEL Consider following information from China and New Zealand in table: China 6.5% Real per capita GDP growth, 2012-2019 (average %) Real GDP per capita, 2012 (in constant 2017 USD) Real GDP per capita, 2019 (in constant 2017 USD) Average savings rate, 2012-2019 (% of real GDP) Capital stock, 2019 (in millions of constant 2017 USD) Population (in millions) Population growth (in %) Capital depreciation rate (in %) 11,169 16,655 43.7% 14,283,969 1,434 0.5% 3.0% Production function in both economies has following functional form 1 2 Yt = AK³L³ New Zealand 1.6% 32,989 45,555 21.4% 409,160 4.8 1.0% 3.0% Where Yt denotes aggregate GDP in period t, Kt is aggregate capital stock, Lt is employment (assumed equal for whole population) and A is total factor productivity. 1. Find capital stock (k), output (y) and consumption (c) per capita in STATIONARY STATE. Assume that total factor productivity (A) remains fixed at its 2019 level for each country. 2. Find GOLD RULE levels of capital…

Please answer fast please arjent help please

Apply the IPAT model to the example of China provided in the chapter. How do population, affluence, technology, and ecological sensitivity affect China’s environment? Now consider your own country or your own state. How do population, affluence, technology, and ecological sensitivity affect your environment? How can we minimize the environmental impacts of growth in the human population?

Using the growth rates for countries over the past 20 years, as shown in the figure below, is there evidence that poorer countries in Africa and Asia are converging to the level of income found in Western Europe? Regional growth rates, 1980-2018 The graph shows that while developed countries averaged growth rates of about 2 percent, developing countries in Asia grew much faster. Starting in about 2000, countries in sub-Saharan Africa also grew at a high rate. Real GDP growth rate (percent) 11 9 7 Emerging and developing Asla Sub-Saharan Africa (Region) Advanced economies 5 3 1 -1 -3 -5 1980 1983 1986 1989 1992 1995 1998 2001 2004 2007 2010 2013 2016 2019 Source: IMF World Economic Outook, October 2018, www.imf.org/external/datamapper/NGDP RPCH@WEO/OEMDC/ADVEC/WEOWORLD. ○ Yes, the map shows that over the past 20 years countries in Western Europe have grown faster than countries in Africa and Asia. ○ Yes, the map shows that over the past 20 years countries in Africa and Asia have grown…

What are the current growth rates, population size and patterns of the United States, China, and Brazil. What are the discussions on events or policies that may have affected that countries population size/growth rate. Be sure to include reputable sources, such as the United Nations or your selected country's government websites.  government's response to population changes (laws, policies, social changes, etc.) Give the current population size of the world and the current projection of the population size as the 21st century progressed.

The horizontal axis of the figure below shows log of real personal income per person in 1880 for 47 U.S. states. The vertical axis shows the average annual growth rate of real personal income per capita for each state from 1880 to 2000. The two-letter abbreviation identifies the state. The solid line is the straight line that provides the best fit to the relation between the growth rate of income per person and the level of income per person in 1880. Based on this figure, discuss whether the U.S. states do or do not exhibit convergence. Explain.

In the period of 1950-1973 the GDP average growth rate reached 9.3 % in Japan and approximately 4 % in USA. How this huge difference may be explained? Your arguments must be based on the growth theory and on the levels of GDP per capita both in Japan and USA in 1950 shown in the Madison table.

Starting from year 2023 and assuming that both the annual growth rates of RGDP and population will remain at the levels in the table below, choose the correct statement: Average RGDP growth Average population Country 2010-2019 (%) growth 2010-2019 (%) China 7.68 0.56 India 6.62 1.23 Vietnam 6.58 1.02 Singapore 4.99 1.34 Data Source: World Bank O India will double its real GDP per person in 2036. Vietnam will double its real GDP per person in 2036. O Singapore will double its real GDP per person in 2043, while China 10 years earlier. O All the above

According to Todaro & Smith (2020: 541), industrial countries can help developingnations in their efforts to improve the environment of development in three areas:(1) Trade liberalisation;(2) Debt relief; and(3) Financial and technological assistance. Choose any two of these areas and discuss how each can be implemented to help developing countries to improve the environment of development.

Below, there are examples of policies which can facilitate economic growth within an economy. For a), b) and c) state how these examples can facilitate economic growth within the economy. a) Examples of distributive policies are public expenditure on welfare, expenditure on health and education and expenditure of public safety. b) Examples of the re-distributive policies are temporary income support, food distribution program and nutrition aid programs etc. c) Examples of the regulatory and substantive policies are regulation of pollution policy, curbing carbon emission, encouraging groundwater reserves etc.

Give an example of a GVC (Global value chain) that uses agricultural inputs from Australia and leads to the final production of consumer goods for consumption in Australia or elsewhere. Additionally, please produce a diagram highlighting this GVC.

The following table shows real GDP per capita for Canada, South Korea, and Uganda between 1970 and 2000. All figures are in 1998 U.S. dollars. The (decade-long) economic growth rate for Canada is shown in the second column. For example, from 1970 to 1980, Canada's GDP grew from $12,717 to $16,731, an increase of $16,731−$12,717$12,717=32%$16,731−$12,717$12,717=32%. Use this method to fill in the growth rates for South Korea and Uganda.   Canada South Korea Uganda Year Real GDP per Capita Growth Rate Real GDP per Capita Growth Rate Real GDP per Capita Growth Rate 1970 $12,717   $1,886   $190   1980 $16,731 32% $3,262   $182   1990 $19,540 17% $6,615   $176   2000 $23,156 19% $10,807   $247   Source: Organisation for Economic Cooperation and Development (OECD)   1.Compare the data for Canada and South Korea between 1970 and 1980. During this period, (south korea or canda?)  had a higher level of real GDP per capita, while ( South Korea or…