Discuss how the current concerns regarding the Coronavirus factor into the GDP dynamic. What are the implications for various segments of the macro economy and the existing international trade regime?
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Discuss how the current concerns regarding the Coronavirus factor into the
The pandemic has led various governments to take drastic measures to contain its spread. One of the few rules was social-distancing which was enforced through policing and monetary penalties. The social distancing rule has disrupted almost all industries, crippling them and forcing them to operate well below their full capacity.
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- Explain the application of Mauritius's business climate in promoting FDI from policy perspectives.Why do some economists believe that better inventory control software may help to reduce the frequency and severity of recessions? Could differences in technology explain why recessions appear to be more frequent and more severe in poorer countries?Explain why a policy mix would result in growth in GDP.
- According to the East Asia and Pasific Economic update published by the World Bank in April2015, the following factors have affected China’s real GDP in 2015.• Global economic recovery supports a moderate increase in China’s exports.• China benefits from a fall in the world price of oil• Chinese government to cut excess capacity in heavy industry• U.S firms to relocate their labor-intensive manufacturing industries to low-cost acountries.1. How to explain that each factor separately affect China’s real GDP and the price level, startingfrom a position of long-run equilibrium.Discuss Rodrik’s trilemma in the context of globalization.With lockdowns currently imposed across Europe and North America until mid-April, even in the best-case scenario it will take at least until mid-June for market confidence to be restored in these economies. The implication is that nearly six million workers in Bangladesh’s formal sector – which is largely manufacturing – will be without steady work for an extended period.” a) Which part of the production function do you think the issue mentioned above will affect? Draw two diagrams to show Real GDP and LRAS is affected in the long run. The government should also consider an unconditional cash transfer program for an initial period of three months at a rate of $95 per month, which corresponds to the minimum wage for the formal sector in Bangladesh. This would cost the government roughly $14 billion, or 4% of GDP. While this sort of cash transfer program always suffers from targeting issues, Bangladesh enjoys a highly sophisticated mobile financial services network, which could…
- During global recession, cite some good measures that our government can undertake to augment its present revenue to be able to finance its programs and project for development.Using the dynamic AD/AS model, explain why expert is concerned about the state of the global economy. What difference might it make to the Australian economy if the trading relationship between China and Australia deteriorates as political tensions continue to increase?Please explain how wealth destruction works in an economic recession.
- In the past half century, the developing countries have experienced major compositional shifts from exports of primary products (including agricultural and raw materials) to exports of manufactures. How might you explain this in terms of broad historical developments during this period?Choose TWO of the four macroeconomic objectives studied such as Full employment, Price stability, A high, but sustainable, rate of economic growth. Keeping the balance of payments in equlibrium : State why governments / decision makers try to achieve the TWO macroeconomic objectives Identify key problems which may be encountered when attempting to balance these two objectives Evaluate the macroeconomic measures, employing fiscal and/or monetary policies, which could be taken to balance these two objectives. The structure of your answer to this question should include a brief introduction, main body, and conclusion which summarises your views.Discuss the following questions in 1 paragraph each: Why/how has Covid-19 led to a global economic recession? While the originating place of Covid-19 was China, why do you think Western countries have experienced a sharper economic recession than China? As per the definition(s) of recession that we discussed in Chapter 13 of the Econoomy from CORE, do you think Afghanistan is currently in a recession?
