Two essential institutional protections for economic growth and development are money and credit property rights and political stability a secular society and democracy inequlity
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Two essential institutional protections for
money and credit |
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property rights and political stability |
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a secular society and democracy |
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inequlity |
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- TRUE OR FALSE. Development is experienced in quantitative and qualitative terms. A Assessing state of poverty among nations requires the use of common bases of measurement. The presence of savings and the absence of international debt of a nation are indicative of its high economic development. High rural to urban migration is indicative of unequal distribution of opportunities and wealth in a country. The analysis of the economic development process of a nation is devoid of political context. It is impossible for developed country to experience recession. The government’s role in development is primarily the imposition of taxes and spending these taxes for their constituents. The development process of a country must be worked within the context of its social system. Resolving problems in an economy comes first before achieving development. Development as a goal and as a process is universal.Looking at the lessons of the East Asian Development Model, which claim is not true: -Over time economic development will lead to better informed citizens. -Most economists agree that democracy and free markets are prerequisites for economic growth and development. -The East Asian development model requires governments to take a hands-off approach to economic policy. -Democracy will continue to face continuing pressure in East Asia -. East Asian culture highly values saving and investment .Two essential institutional protections for economic growth and development are A.) money and credit B.) property rights and political stability C.) a secular society and democracy D.) inequlity
- 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…). Fill in the blanks Maximum development economists from the developed _________countries consider. _____________ to be the key instrument of economic development. _____________ dismissed the Modernisation Theory as useless from a policy perspective. _____________in the capital stock lead to _________ in the marginal productivity of labor which in turn generally enhances wage rates. Natural resources play important role in _______and ____________. Rural development policies are designed to improve the conditions under which the rural people _______and _______.Government can play a major positive role in the early stage of economic development by promoting entrepreneurship. promoting exports by subsidizing them. establishing price controls for products. requiring start-ups to go through an extensive government approval process.
- Which of the following is NOT a primary obstacle to economic growth for economically challenged countries? Question 3 options: Smaller populations to foster economic growth compared to high-income countries Lack of a stable government to effectively implement and oversee growth policies Lack of economic stability Lack of market-oriented institutions to support economic growthChina’s economic transformation since the late 1970s has been a process of neoliberalization, and, as such, it has resulted in growth without development.’ Discuss it with coherent argument and logic. In both perspective.When investment occurs in developing nations: OPTIONS: investors hope to gain significant returns on their investment and residents gain higher rates of economic growth. significant levels of pollution usually occur. government politicians usually benefit from the illegal payments made to secure the investment. higher rates of economic growth are usually not achieved.
- Growth in GDP per capita is an important measure of economic prosperity because it corrects for differences in participation rates. True or FalseEconomic development is unsuccessful to stabilize population growth in LDCs because of certain reasons, and one of these is ________. a. Population decline due to reduced birth rate is negated by the large numbers of immigrants. b. Exploding population has negated any positive effect of economic development. c. Economic supply has increased quality of life but not population control. d. Additional resources allow families to support several children.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?