(1) In your opinion, how do theories of economic development guides one country in determining economic growth?
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- Why is the fertility rate, working age group, and ageing population matter for a country’s economic development? (give examples and evidence both from the economic and development point of views)!What is the poorest capitalist country?Why do you think the Philippine economy still not considered a developed economy?
- Self-employment is the best method of solving the problem of growing unemployment in the country. Do you agree? Suggest a suitable strategy for the identification and development of entrepreneurs?How do we take the effects of inflation out of GDP to compare economic well-being over time? .And how do we compare economic well-being across countries?Critique the statement by Lord Robertson “Globalization will make our societies more creative and prosperous, but also more vulnerable”.
- Why are some countries able to catch up to a high economic growth level, while others tend to fall behind? Explain.As a manager, why do you need to understand global marketplaces and business centers? Why should you also have an understanding of international income data?Cheap—and illegal—copies of pirated popular movies, videogames, and music often are available for sale in Asia within days oftheir worldwide release. The entertainment industry has so far hadlittle success in stopping the flow of these copies into consumers’hands. Do you think multinational economic communities shouldbe more effective at combating piracy? Why or why not? Whatactions could they take?