Gross Domestic Product (GDP) and the Gross National Product (GNP) are used to gauge the growth of an economy. Economic development is all about increasing the wealth in a nation as a whole. Economic development is the promotion of more intensive and more advanced economic activities through such means as education, improved tools and techniques, more available financing, better transportation, and creation of new businesses, (Microsoft Student, 2009a). Gross Domestic Product (GDP) is the total value
Words: 1724 - Pages: 7
Journal of Pro Poor Growth. 01 (01) 2013. 19-28 ISSN: 2306-1669 (Online), 2310-4686 (Print) Journal of Pro Poor Growth An International Perspective http://www.escijournals.net/JPPG ACHIEVEMENTS OF MILLENNIUM DEVELOPMENT GOALS (MDGS) IN SOUTH ASIAN ASSOCIATION OF REGIONAL CORPORATIONS (SAARC) COUNTRIES: A CASE OF NEPAL Kushum Shakya* Central Department of Economics, Tribhuvan University, Nepal. ABSTRACT South Asian Association of Regional Cooperative (SAARC) countries have achieved
Words: 5893 - Pages: 24
11 September 2001 on the United States. Economic Environment During the early 1990s, Bangladesh made considerable progress in stabilizing and liberalizing its economy. As a result, inflation was much lower than previously, and average annual real GDP growth in 1992-98 was above 5%, largely led by exports involving ready-made garments (RMGs). Indeed, one of the most striking features of Bangladesh’s trade is that textiles and particularly clothing dominate exports: their combined share grew from
Words: 5706 - Pages: 23
INTRODUCTION This essay seeks to show an understanding of the interface between economic growth and economic development and offer recommendations of what a country like Zambia needs to do in order to achieve them. Firstly this essay will define terms such as development, economic growth as well as economic development. It will then proceed with a brief discussion of the various measures of development, and show why the human development index, has in recent years become a widely accepted measure
Words: 3517 - Pages: 15
inclusive Wealth report 2012 measuring progress toward sustainability Summary for DeciSion-makerS unu-iHDP Secretariat of the International Human Dimensions Programme on Global Environmental Change conTriBuTorS Science Advisor Partha Dasgupta – university of cambridge Report Director anantha Duraiappah – iHDP executive Director Science Director Pablo muñoz – iHDP academic officer Report Authors matthew agarwala – London School of economics and Political Science Giles atkinson – London
Words: 8722 - Pages: 35
to this topic and I am sure that it will help us in our future! S.NO | Contents | Page No | | | | 1 | Acknowledgement | 3 | 2 | Table of country profile | 5 | 3 | Introduction | 6 | 4 | Economy Of Finland | 9 | 5 | Human Development Index(HDI) | 10 | 6 | Economy Sectors Of Finland | 12 | 7 | Indicators | 14 | 8 | Rostow’s Growth Model | 16 | 9 | Conclusion | 16 | | References | 16 | TABLE OF CONTENTS Capital and largest city | Helsinki 60°10′N 024°56′E | Official languages
Words: 2889 - Pages: 12
world behind the United Stated in terms of economic size. The level of GDP/ capita in Australia in 2015 was $51,642 U.S dollars (listed by Knoema), which is contrasted with China’s level of G, ranking 2nd in the world with China ranking 101st in the world. Another component which is in contrast between the Australian and Chinese economy is Standard of Living, which is reliant on factors such as Human Development Index (HDI) , the popsicle index, happiness index, education index and level of healthcare
Words: 271 - Pages: 2
Romana 2014 For an economy other than Australia analyze the influence of globalisation on that economic development and standard of living. This document is about how china has been transformed by globalization. The impact of globalization as well. Globalisation is breakdown of manmade and natural barriers. It encourages integration and interdependence through the movement of labour, investment, finance, transnational corporation and trade. The emergence of countries is leading to global
Words: 1831 - Pages: 8
economy hold up in comparison to the rest of the world? New Zealand is a power parity and has a gross domestic product (GDP) of $63.8 billion. The Organization for Economic Co-Operation and Development (OECD) has shown a steady increase in the GDP of New Zealand since 2004. However they still fall below the OECD average. (New Zealand Institute, 2010) There will be an increase in GDP for New Zealand in 2010 because of the earthquake that took place in September. The increase is estimated to be about
Words: 1269 - Pages: 6
India has made good progress on the human development index (HDI), says the Human Development Report 2013, released by the United Nations Development Programme (UNDP). However, India’s rank out of 187 countries is no better than last year’s. With a HDI value of 0.554 and a rank of 136 among 187 countries, which it shares with Equatorial Guinea, India is placed in the “medium development” category. There has been steady improvement in its HDI value, which was 0.345 in 1980. In 1950, Brazil, China
Words: 2783 - Pages: 12
