This document discusses factors that influence economic growth and productivity. It covers several topics:
1) A country's standard of living depends on its ability to produce goods and services through productivity, which is measured by the amount produced per hour worked.
2) Key factors that determine and increase productivity include investment, education, property rights, political stability, free trade, population control, and research/development.
3) Government policies like encouraging saving/investment, education, trade, R&D, and property rights can raise productivity and living standards over the long run. Compounding effects mean small growth rates can yield large increases over many years.
Updated presentation on aspects of factors affecting economic growth including the middle income trap. Designed as a resource for A2 macro - unit 4 Development Economics
Updated presentation on aspects of factors affecting economic growth including the middle income trap. Designed as a resource for A2 macro - unit 4 Development Economics
Barriers to Economic Growth and Developmenttutor2u
This is a revision presentation covering examples of barriers ti economic growth and development in emerging and developing countries. In their revision students should consider factors such as:
Poor infrastructure
Human capital inadequacies
Primary product dependency
Declining terms of trade
Savings gap; inadequate capital accumulation
Foreign currency gap and capital flight
Corruption, poor governance, impact of civil war
Population issues
This presentation covers some aspects of topical issues in trade and economic development. Designed for A2 economics students - links to some Financial Times videos with special reference to the work of Hidalgo and Hausmann and their index of economic complexity
This presentation describes the role of governments in entrepreneurship. Some good examples are China Taipei, Red China, Malaysia, Singapore and USA. Governments are traditionally seen as very poor in business management. (I think it still is.) But Taipei and Singapore did very well in its role. To a large extent, Red China and its Central Bank are making direct investments not only in currencies, bonds and financial instruments but directly in commodities and businesses. And we should admire the Chinese officials for their courage and risk taking.
This is a lecture on capitalism, entrepreneurship, and international finance. The seminal ideas came from Dick Smick who is privy to many events and upheavals in intl finance. He had a book on "The World is Curved" He describes in broad stroke the role of entrepreneurship in international finance , and how finance shapes entrepreneurship
Barriers to Economic Growth and Developmenttutor2u
This is a revision presentation covering examples of barriers ti economic growth and development in emerging and developing countries. In their revision students should consider factors such as:
Poor infrastructure
Human capital inadequacies
Primary product dependency
Declining terms of trade
Savings gap; inadequate capital accumulation
Foreign currency gap and capital flight
Corruption, poor governance, impact of civil war
Population issues
This presentation covers some aspects of topical issues in trade and economic development. Designed for A2 economics students - links to some Financial Times videos with special reference to the work of Hidalgo and Hausmann and their index of economic complexity
This presentation describes the role of governments in entrepreneurship. Some good examples are China Taipei, Red China, Malaysia, Singapore and USA. Governments are traditionally seen as very poor in business management. (I think it still is.) But Taipei and Singapore did very well in its role. To a large extent, Red China and its Central Bank are making direct investments not only in currencies, bonds and financial instruments but directly in commodities and businesses. And we should admire the Chinese officials for their courage and risk taking.
This is a lecture on capitalism, entrepreneurship, and international finance. The seminal ideas came from Dick Smick who is privy to many events and upheavals in intl finance. He had a book on "The World is Curved" He describes in broad stroke the role of entrepreneurship in international finance , and how finance shapes entrepreneurship
Diseminare mobilitate Comenius - Ancona, Italia - "TACCLE - Creating your own...Adrian Chiorescu
Diseminare mobilitate Comenius - "TACCLE - Creating your own e-learning content in school education and adult education"
Beneficiar: prof. Adrian Chiorescu, Şcoala "Elena Cuza" Iaşi
Module 05 Course Project - Preserving the RelationshipFrom the b.docxroushhsiu
Module 05 Course Project - Preserving the Relationship
From the beginning of this course, you've learned how an integrative bargaining approach to a negotiation is preferable when the parties want to preserve a relationship. In our project scenario, Michelle wants to continue working at the call center, and more importantly wants to maintain the good working relationship that she has cultivated with her boss, Nikki. Neither party wants the schedule dispute to derail that relationship. Nikki knows that Michelle has started bad mouthing her to the other employees because she thinks that Nikki's approach to scheduling people based on seniority was a lazy rather than fair. Michelle's emotions were running high when she did this, but unfortunately the remarks started to damage Nikki's reputation as being a good supervisor. As a result, the relationship between the supervisor and employee is now strained.
For this final part of the project you will address the following questions in your paper:
1. Analyze and discuss the critical role of reputation, trust, and fairness as it pertains to this situation.
2. After meeting and discussing the issue, the two women were able to work out a schedule for Michelle that would solve her daycare issues and would be fair to the other employees. Now that the issue has been resolved, based on your readings, synthesize a plan for how the two women can work towards rebuilding their relationship.
In your paper, follow standard mechanics in grammar, punctuation, and spelling.
Philippines (GDP)
Paxton Boyd II;
Macroeconomics;
AIU;
18March20;
Introduction
Currently am working with a food processing and selling company best in Dallas, Texas, USA.
The firm deals with perishable and non-perishable products.
The products include; milk, coffee, tea, meat, fish, fruits, cereals, cheese, rice, flour, and wheat products.
The firm was founded after seizing the opportunity that the world’s population is ever growing and food products are basic needs that humans cannot do without.
This is a clear indication that the market share is adequate enough to generate profits.
Therefore, in our expansion plans, we take the gross domestic product metric as a key determinant when in investing a particular nation.
This is because it will show us how the market incomes and standards of living are growing with time.
GDP
Gross domestic value shows the aggregate value of what a nation produces.
It indicates an economy’s size
It helps eradicate double accounting
It is given by;
Personal spending plus investments by businesses plus the expenditure by the government, plus exports minus imports.
The two types of GDP are real and nominal.
GDP growth rates change over time.
The aggregate value generated from the GDP considers all the country’s production regardless of whether they are produced by locals or foreigners.
The real GDP is gotten by removing inflation from the equation because the economy may seem to be prospering an ...
Module 05 Course Project - Preserving the RelationshipFrom the b.docxhelzerpatrina
Module 05 Course Project - Preserving the Relationship
From the beginning of this course, you've learned how an integrative bargaining approach to a negotiation is preferable when the parties want to preserve a relationship. In our project scenario, Michelle wants to continue working at the call center, and more importantly wants to maintain the good working relationship that she has cultivated with her boss, Nikki. Neither party wants the schedule dispute to derail that relationship. Nikki knows that Michelle has started bad mouthing her to the other employees because she thinks that Nikki's approach to scheduling people based on seniority was a lazy rather than fair. Michelle's emotions were running high when she did this, but unfortunately the remarks started to damage Nikki's reputation as being a good supervisor. As a result, the relationship between the supervisor and employee is now strained.
For this final part of the project you will address the following questions in your paper:
1. Analyze and discuss the critical role of reputation, trust, and fairness as it pertains to this situation.
2. After meeting and discussing the issue, the two women were able to work out a schedule for Michelle that would solve her daycare issues and would be fair to the other employees. Now that the issue has been resolved, based on your readings, synthesize a plan for how the two women can work towards rebuilding their relationship.
In your paper, follow standard mechanics in grammar, punctuation, and spelling.
Philippines (GDP)
Paxton Boyd II;
Macroeconomics;
AIU;
18March20;
Introduction
Currently am working with a food processing and selling company best in Dallas, Texas, USA.
The firm deals with perishable and non-perishable products.
The products include; milk, coffee, tea, meat, fish, fruits, cereals, cheese, rice, flour, and wheat products.
The firm was founded after seizing the opportunity that the world’s population is ever growing and food products are basic needs that humans cannot do without.
This is a clear indication that the market share is adequate enough to generate profits.
Therefore, in our expansion plans, we take the gross domestic product metric as a key determinant when in investing a particular nation.
This is because it will show us how the market incomes and standards of living are growing with time.
GDP
Gross domestic value shows the aggregate value of what a nation produces.
It indicates an economy’s size
It helps eradicate double accounting
It is given by;
Personal spending plus investments by businesses plus the expenditure by the government, plus exports minus imports.
The two types of GDP are real and nominal.
GDP growth rates change over time.
The aggregate value generated from the GDP considers all the country’s production regardless of whether they are produced by locals or foreigners.
The real GDP is gotten by removing inflation from the equation because the economy may seem to be prospering an.
Social Studies Chapter 9 How do We Respond to Tensions Arising from some Econ...Goh Bang Rui
Subscribe to my education channel.
bit.ly/gohbangrui
These slides introduce Chapter 9: How do We Respond to Tensions Arising from some Economic Impacts under Issue 3: Being Part of A Globalised World to the Secondary 3 and 4 students who are studying Social Studies for the Singapore current syllabus 2016.
These slides are divided into 3 areas.
1. Economic Impact on Country [Slide 3]
2. Economic Impact on Companies [Slide 29]
3. Economic Impact on Individuals [Slide 50]
Video
TBC
Any feedback is welcome.
The Chakra System in our body - A Portal to Interdimensional Consciousness.pptxBharat Technology
each chakra is studied in greater detail, several steps have been included to
strengthen your personal intention to open each chakra more fully. These are designed
to draw forth the highest benefit for your spiritual growth.
The Good News, newsletter for June 2024 is hereNoHo FUMC
Our monthly newsletter is available to read online. We hope you will join us each Sunday in person for our worship service. Make sure to subscribe and follow us on YouTube and social media.
The PBHP DYC ~ Reflections on The Dhamma (English).pptxOH TEIK BIN
A PowerPoint Presentation based on the Dhamma Reflections for the PBHP DYC for the years 1993 – 2012. To motivate and inspire DYC members to keep on practicing the Dhamma and to do the meritorious deed of Dhammaduta work.
The texts are in English.
For the Video with audio narration, comments and texts in English, please check out the Link:
https://www.youtube.com/watch?v=zF2g_43NEa0
In Jude 17-23 Jude shifts from piling up examples of false teachers from the Old Testament to a series of practical exhortations that flow from apostolic instruction. He preserves for us what may well have been part of the apostolic catechism for the first generation of Christ-followers. In these instructions Jude exhorts the believer to deal with 3 different groups of people: scoffers who are "devoid of the Spirit", believers who have come under the influence of scoffers and believers who are so entrenched in false teaching that they need rescue and pose some real spiritual risk for the rescuer. In all of this Jude emphasizes Jesus' call to rescue straying sheep, leaving the 99 safely behind and pursuing the 1.
Lesson 9 - Resisting Temptation Along the Way.pptxCelso Napoleon
Lesson 9 - Resisting Temptation Along the Way
SBs – Sunday Bible School
Adult Bible Lessons 2nd quarter 2024 CPAD
MAGAZINE: THE CAREER THAT IS PROPOSED TO US: The Path of Salvation, Holiness and Perseverance to Reach Heaven
Commentator: Pastor Osiel Gomes
Presentation: Missionary Celso Napoleon
Renewed in Grace
What Should be the Christian View of Anime?Joe Muraguri
We will learn what Anime is and see what a Christian should consider before watching anime movies? We will also learn a little bit of Shintoism religion and hentai (the craze of internet pornography today).
Exploring the Mindfulness Understanding Its Benefits.pptxMartaLoveguard
Slide 1: Title: Exploring the Mindfulness: Understanding Its Benefits
Slide 2: Introduction to Mindfulness
Mindfulness, defined as the conscious, non-judgmental observation of the present moment, has deep roots in Buddhist meditation practice but has gained significant popularity in the Western world in recent years. In today's society, filled with distractions and constant stimuli, mindfulness offers a valuable tool for regaining inner peace and reconnecting with our true selves. By cultivating mindfulness, we can develop a heightened awareness of our thoughts, feelings, and surroundings, leading to a greater sense of clarity and presence in our daily lives.
Slide 3: Benefits of Mindfulness for Mental Well-being
Practicing mindfulness can help reduce stress and anxiety levels, improving overall quality of life.
Mindfulness increases awareness of our emotions and teaches us to manage them better, leading to improved mood.
Regular mindfulness practice can improve our ability to concentrate and focus our attention on the present moment.
Slide 4: Benefits of Mindfulness for Physical Health
Research has shown that practicing mindfulness can contribute to lowering blood pressure, which is beneficial for heart health.
Regular meditation and mindfulness practice can strengthen the immune system, aiding the body in fighting infections.
Mindfulness may help reduce the risk of chronic diseases such as type 2 diabetes and obesity by reducing stress and improving overall lifestyle habits.
Slide 5: Impact of Mindfulness on Relationships
Mindfulness can help us better understand others and improve communication, leading to healthier relationships.
By focusing on the present moment and being fully attentive, mindfulness helps build stronger and more authentic connections with others.
Mindfulness teaches us how to be present for others in difficult times, leading to increased compassion and understanding.
Slide 6: Mindfulness Techniques and Practices
Focusing on the breath and mindful breathing can be a simple way to enter a state of mindfulness.
Body scan meditation involves focusing on different parts of the body, paying attention to any sensations and feelings.
Practicing mindful walking and eating involves consciously focusing on each step or bite, with full attention to sensory experiences.
Slide 7: Incorporating Mindfulness into Daily Life
You can practice mindfulness in everyday activities such as washing dishes or taking a walk in the park.
Adding mindfulness practice to daily routines can help increase awareness and presence.
Mindfulness helps us become more aware of our needs and better manage our time, leading to balance and harmony in life.
Slide 8: Summary: Embracing Mindfulness for Full Living
Mindfulness can bring numerous benefits for physical and mental health.
Regular mindfulness practice can help achieve a fuller and more satisfying life.
Mindfulness has the power to change our perspective and way of perceiving the world, leading to deeper se
The Book of Joshua is the sixth book in the Hebrew Bible and the Old Testament, and is the first book of the Deuteronomistic history, the story of Israel from the conquest of Canaan to the Babylonian exile.
HANUMAN STORIES: TIMELESS TEACHINGS FOR TODAY’S WORLDLearnyoga
Hanuman Stories: Timeless Teachings for Today’s World" delves into the inspiring tales of Hanuman, highlighting lessons of devotion, strength, and selfless service that resonate in modern life. These stories illustrate how Hanuman's unwavering faith and courage can guide us through challenges and foster resilience. Through these timeless narratives, readers can find profound wisdom to apply in their daily lives.
HANUMAN STORIES: TIMELESS TEACHINGS FOR TODAY’S WORLD
Chap 25 growth
1. Production and Growth
Chapter 25
Production and Growth
A country’s standard of living depends on
its ability to produce goods and services.
Within a country there are large changes in
the standard of living over time.
In the United States over the past century,
average income as measured by real GDP per
person has grown by about 2 percent per
year.
Production and Growth
Productivity refers to the amount of goods
and services produced for each hour of a
worker’s time.
A nation’s standard of living is determined
by the productivity of its workers.
A fishing tale-Throw Net fishing, how
productive is it? Bring the throw net!
1
3. Compounding and the
Rule of 70
According to the rule of 70, if some
variable grows at a rate of x percent
per year, then that variable doubles
in approximately 70/x years.
An Example of the Rule of 70
$5,000invested at 7 percent interest per
year, will double in size in 10 years
70/ 7 = 10
How Productivity is Determined
The inputs used to produce goods and
services are called the factors of
production.
The factors of production directly
determine productivity.
3
4. Government Policies That Raise
Productivity and Living Standards
Encourage saving and investment.
Encourage investment from abroad
Encourage education and training.
Establish secure property rights and
maintain political stability.
Government Policies That Raise
Productivity and Living Standards
Promote free trade.
Control population growth.
Promote research and
development.
The Importance of Saving and
Investment
There is definitely a link between
investment today and growth in the
future.
4
5. Growth and Investment
(a) Growth Rate 1960-1991 (b) Investment 1960-1991
South Korea South Korea
Singapore Singapore
Japan Japan
Israel Israel
Canada Canada
Brazil Brazil
West Germany West Germany
Mexico Mexico
United Kingdom United Kingdom
Nigeria Nigeria
United States United States
India India
Bangladesh Bangladesh
Chile Chile
Rwanda Rwanda
0 1 2 3 4 5 6 7 0 10 20 30 40
Growth Rate (percent) Investment (percent of GDP)
The Importance of Saving and
Investment
As the stock of capital rises, the extra output
produced from an additional unit of capital
falls; this property is called diminishing
returns.
Because of diminishing returns, an increase in
the saving rate leads to higher growth only for
a while.
Thus small countries can grow faster than big
countries.
The Importance of Saving and
Investment
The catch-up effect refers to the condition that,
other things being equal, it is easier for a country to
grow fast if it starts out relatively poor.
Once the country becomes richer, diminishing
returns sets in.
5
6. Investment from Abroad
Investment from abroad takes several
forms:
Foreign Direct Investment
Capital investment owned and operated by a
foreign entity.
Foreign Portfolio Investment
Investments financed with foreign money but
operated by domestic residents.
Education
For a country’s long-run growth, education
is at least as important as investment in
physical capital.
Human Capital
In the United States, each year of schooling
raises a person’s wage on average by about 10
percent.
Thus, one way the government can enhance the
standard of living is to provide schools.
Property Rights and Political
Stability
Property rights refer to the ability of people to
exercise authority over the resources they own.
An economy-wide respect for property rights is
an important prerequisite for the price system to
work.
It is necessary for investors to feel that their
investments are secure.
Napster anyone?
6
7. Free Trade
Trade is, in some ways, a type of technology.
A country that eliminates trade restrictions
will experience the same kind of economic
growth that would occur after a major
technological advance.
Remember globalization?
Control of Population Growth
Population is a key determinant of a country’s
labor force.
Large populations tend to produce greater total
GDP.
However, GDP per person is a better measure of
economic well-being, and high population growth
reduces GDP per person.
Thomas Malthus theory of population growth and
economic well-being.
Research and Development,
Epilogue
The advance of technological knowledge has led to
higher standards of living.
Most technological advance comes from private
research by firms and individual inventors.
Government can encourage the development of new
technologies through research grants, tax breaks, and
the patent system.
There are pros and cons to productivity gains
though, show Solman DVD video on productivity.
7
8. Productivity and Bathrooms
This is a tale of the self-
cleaning bathroom.
Think about what
productivity means in
terms of goods and
services, jobs and wages.
Journal Question-Can
you think other
examples where there
was a major innovation
that has impacted jobs?
8