You are required to critically discuss some of the major factors that drove the global growth trajectory i) Pre-Covid-19 pandemic ii) at the height of the pandemic iii) going into 2022 and beyond.
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One of your clients, a mining company with operations in the Democratic Republic of Congo and Zambia, is concerned with
the current
which is expected to moderate from 5.9 in 2021 to 4.4 percent in 2022—half a percentage point lower for 2022 than in the October World Economic Outlook.
You are required to critically discuss some of the major factors that drove the global growth trajectory
i) Pre-Covid-19 pandemic
ii) at the height of the pandemic
iii) going into 2022 and beyond.
Step by step
Solved in 4 steps with 4 images
- Specifically, this insert begins with the conjecture that at this juncture, opinions differ on the future of IB and globalization, but that three scenarios predominate, specifically: Further globalization is inevitable. IB will grow primarily along regional rather than global lines. Powerful forces opposing further globalization and IB will slow their growth. Those anticipating slowing globalization would likely point to all of the following trends except for ________. A) Antiglobalization interests have been successful in electing parties that oppose freer movement of trade or people. B) Technological, transportation, and communication advances will decline in the near future. C) Major countries have either ignored certain international treaties or have refused to sign them. D) The growing split between those who succeed in a global environment and those who do not will foster greater antiglobalization sentiments.The economy of Ghana is made up of three sectors namely Agriculture, Industrial and Services. These three sectors contribute to the national output. For decades prior to the 2000s, the Agriculture sector contributed the most to the national output. Sadly, in recent years however, the sector has been the least contributor. Trends in production of major food crops such as maize, rice and sorghum show that on-farm productivity has stagnated and the exploitable difference between the actual and the potential output of most of the crops (yield gap) has widened. Low and inadequate levels of usage of productivity enhancing technologies such as quality seeds of improved varieties and fertilizer, thin extension services and weak market linkages contributes to the poor agriculture performance. It was against this background that the NPP led government implemented one of their flagship programmes “Planting for Food and Jobs”. The programme is primarily aimed at making subsidized improved seeds…Explain the conditions that create a relationship between research and innovation as the most sought-after soft skills in the fast-paced global economy. Many of which we have recently discovered following new challenges posed by COVID19.
- Given that the pandemic has greatly affected the economy, can we see some possible silver linings—from microeconomics in particular, to macroeconomics in general—that the Philippine economy will recover in the next years?The economy grows 3.59 percent per year over a 20 year period. 0.67 percent per year is attributed to labor and 1.49 percent per year is attributed to capital. Therefore, enter your response here percent per year must be due to technological progress. (Enter your response rounded to two decimal places.)Did the COVID-19 pandemic create new globalization opportunities for growth in yourCaribbean territory? Choose YesBased on your answer, please explain what identifies those accepts that contribute to thegrowth, expansion and advancement of your local economy.
- The economy of Ghana is made up of three sectors namely: Agriculture, Industry and Services. These three sectors contribute to the national output. For decades, prior to the 2000s, the Agricultural sector contributed the most to the national output. Sadly, in recent years however, the sector has been the least contributor to national output. Trends in production of major food crops such as maize, rice and sorghum show that on-farm productivity has stagnated and the exploitable difference between the actual and the potential output of most of the crops (yield gap) has widened. Low and inadequate levels of usage of productivity enhancing technologies such as quality seeds of improved varieties and fertilizer, inadequate extension services and weak market linkages contribute to the poor agricultural performance. It was against this background that the NPP-led government implemented one of her flagship programmes “Planting for Food and Jobs”. The programme is primarily aimed at making…TRUE or FALSE 11. A high fertility rate reduces the per capita income, be it the Gross National Income per Capita or the Gross Domestic Product per capita. 12. The natural environment can bring about an increase or decrease in the population growth rate. 13. Rapid population growth does not necessarily reflect market failure. 14. Urbanization and localized economies lead to resource immobility 15. The most relevant advantage of locating a firm in an Industrial District is knowledge spillover. 16. The K -12 Program added years to basic education but Philippines student learning still lags behind many East Asian countries. 17. Investment in human capital is beneficial in the short run but investment in physical capital is beneficial in the long run. 18. Centralized urbanization leads to underdeveloped peripheral economies. 19. Improving hard infrastructures rather than soft infrastructures is absolutely a…COVID-19 has undoubtedly been a defining time in our generation's history, with effects on global economies comparable in some instances to what was experienced during the Great Depression of the 1930s. The pandemic has also recalled the economic shockwaves of the Global Financial Crisis of 2008/09. One can argue that this episode is like none seen before because it hasn’t emanated from economic factors. The pandemic is also having a broad spectrum of effects on economies and exchange rates globally. 4.2. Discuss the main drivers of the performance of emerging market currencies since March 2020.
- The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 ≤ t ≤ 10) in year t, where t = 0 represents 2000. Saudi Arabia's crude oil production over the same period can be approximated by Q(t) = −0.036t2 + 0.62t + 8 million barrels per day (0 ≤ t ≤ 10). † Use these models to estimate Saudi Arabia's daily oil revenue and also its rate of change in 2008. (Round your answers to the nearest $1 million.) daily oil revenue $ million rate of change in 2008 $ million/yrDo you agree that capital is topmost factor under the category of resources? Why? Please explain and justify your answers. When it comes to knowledge on customers' needs and expectations, does the three variables such as observations, interviews, and market research are really factors in product development? Why? Kindly elaborate your answers per variable.A mathematical approximation called the rule of 70 tells us how long it will take for something to double in size if it grows at a constant rate. The doubling time is approximately equal to the number 70 divided by the percentage rate of growth. Thus, if Panama’s real GDP per person is growing at 7 percent per year, it will take about 10 years (= 70/7) to double. Apply the rule of 70 to solve the following problem: Suppose that real GDP per person in Panama in 2017 was about $12,000 per person, while it was about $48,000 per person in the United States. If real GDP per person in Panama grows at the rate of 5 percent per year, about how long will it take Panama’s real GDP per person to reach the level that the United States was at in 2017? (Hint: How many times would Panama’s 2017 real GDP per person have to double to reach the United States’ 2017 real GDP per person?) __________ years