1. The document discusses several fundamental concepts related to economic growth and development, including the relationships between growth and structural change, distribution and growth, and demand-side and supply-side causes of growth.
2. It also examines the role of investment, imports, and structural change in long-term growth, and how factors like low initial income levels can constrain investment and import capacity.
3. The document explores interactions between growth and distribution, sources of their complementarity, and the concepts of trickle-down versus pro-poor growth. It analyzes how reducing inequality can stimulate effective demand and growth.
Indian Financial System : Monetary And Fiscal Policy,Economic Trends, Price Policy,Stock Exchange Of
India,Role of regulatory instituions in Indian financial system – RBI and SEBI , National Income,Role of
Industry in Economic Development, Foreign Trade and Balance of Payment,Poverty in India, Unemployment
in India, Inflation, Human Development, Rural Development, Problems of Growth
Emerging Economies of the World: A Study | November 2016Suhel Goel
The study describes Emerging Market Economies (EMEs) their characteristics and a comparison with the Developed Economies of the world. The study brings to light the macroeconomic viewpoint on why to invest in EMEs and the risks one can face and ways to navigate them.
Lastly, importance of India as the most promising EME is highlighted in the study cum presentation.
Andrew Scott on the future of India and China Telstra Global
Last week the Asia Pacific Summit 2011 took place in London, presented by the London Business School and sponsored by leading telecommunications company Telstra International. The Summit brought together a wide scope of experience and perspective – from the academics of the London Business School to the heads of some of the world’s leading businesses.
The two day event incorporated lectures, speeches, case study presentations, panel sessions and interactive workshops all aimed at examining the many potential challenges and pitfalls of doing business in Asia Pacific, as well as key strategies to overcome them.
About Us:
UltraSpectra is a full-service online company dedicated to providing the services of internet marketing and
IT solutions to professionals and businesses looking to fully leverage the internet.
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Indian Financial System : Monetary And Fiscal Policy,Economic Trends, Price Policy,Stock Exchange Of
India,Role of regulatory instituions in Indian financial system – RBI and SEBI , National Income,Role of
Industry in Economic Development, Foreign Trade and Balance of Payment,Poverty in India, Unemployment
in India, Inflation, Human Development, Rural Development, Problems of Growth
Emerging Economies of the World: A Study | November 2016Suhel Goel
The study describes Emerging Market Economies (EMEs) their characteristics and a comparison with the Developed Economies of the world. The study brings to light the macroeconomic viewpoint on why to invest in EMEs and the risks one can face and ways to navigate them.
Lastly, importance of India as the most promising EME is highlighted in the study cum presentation.
Andrew Scott on the future of India and China Telstra Global
Last week the Asia Pacific Summit 2011 took place in London, presented by the London Business School and sponsored by leading telecommunications company Telstra International. The Summit brought together a wide scope of experience and perspective – from the academics of the London Business School to the heads of some of the world’s leading businesses.
The two day event incorporated lectures, speeches, case study presentations, panel sessions and interactive workshops all aimed at examining the many potential challenges and pitfalls of doing business in Asia Pacific, as well as key strategies to overcome them.
About Us:
UltraSpectra is a full-service online company dedicated to providing the services of internet marketing and
IT solutions to professionals and businesses looking to fully leverage the internet.
http://www.ultraspectra.com
http://www.ultraspectra.net
Join Our Network:
facebook.com/ultraspectra
twitter.com/ultraspectra
youtube.com/user/ultraspecra
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
what is the future of Pi Network currency.DOT TECH
The future of the Pi cryptocurrency is uncertain, and its success will depend on several factors. Pi is a relatively new cryptocurrency that aims to be user-friendly and accessible to a wide audience. Here are a few key considerations for its future:
Message: @Pi_vendor_247 on telegram if u want to sell PI COINS.
1. Mainnet Launch: As of my last knowledge update in January 2022, Pi was still in the testnet phase. Its success will depend on a successful transition to a mainnet, where actual transactions can take place.
2. User Adoption: Pi's success will be closely tied to user adoption. The more users who join the network and actively participate, the stronger the ecosystem can become.
3. Utility and Use Cases: For a cryptocurrency to thrive, it must offer utility and practical use cases. The Pi team has talked about various applications, including peer-to-peer transactions, smart contracts, and more. The development and implementation of these features will be essential.
4. Regulatory Environment: The regulatory environment for cryptocurrencies is evolving globally. How Pi navigates and complies with regulations in various jurisdictions will significantly impact its future.
5. Technology Development: The Pi network must continue to develop and improve its technology, security, and scalability to compete with established cryptocurrencies.
6. Community Engagement: The Pi community plays a critical role in its future. Engaged users can help build trust and grow the network.
7. Monetization and Sustainability: The Pi team's monetization strategy, such as fees, partnerships, or other revenue sources, will affect its long-term sustainability.
It's essential to approach Pi or any new cryptocurrency with caution and conduct due diligence. Cryptocurrency investments involve risks, and potential rewards can be uncertain. The success and future of Pi will depend on the collective efforts of its team, community, and the broader cryptocurrency market dynamics. It's advisable to stay updated on Pi's development and follow any updates from the official Pi Network website or announcements from the team.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
1. FOOD SECURITY
Concepts, Basic Facts,
and Measurement Issues
June 26 to July 7, 2006
Dhaka, Bangladesh
2. Rao 3a:
Foundations of Economic
Development
• Learning: Trainees are expected to
develop knowledge of the basic
determinants of economic growth and
the dualities that arise. The focus will be
on basic concepts and relations rather
than on any technical presentation.
3. Brief Contents
• growth: role of investment, imports and
structural change
• determinants of investment, import capacity and
structural change
• trickle-down growth versus pro-poor growth
• growth and distribution interactions and sources
of their complementarity
• aggregate demand, inequality and growth
• exogenous versus endogenous growth
4. Three Fundamental “Dualities”
of Economic Development.
• 1. Growth & Structural Change: no ED without
structural change.
– No rise in quantities (e.g., growth of income) without
changing relationships among parts (changes in structure
e.g., rise in industry, etc.)
• 2. Distribution & Growth: growth and distribution
are NOT separable (i.e., ARE causally related)
– Economic reasons: incentives, capabilities
– Political reasons: governance, politics, distribution of
decision-making power
5. Three Fundamental “Dualities”
of Economic Development.
• 3. Demand- & Supply-Side Causes:
– Not just definitional sense: ex post facto, growth
must be growth both of demand and supply.
– But also causal sense: ex ante growth can and does
have causes on both sides.
6. Long-Term Growth
and Structural Change
• Growth in developing countries depends on 3
primary factors:
– Investment in physical and human capital
– Imports of capital goods and modern intermediates:
vehicles of higher-productivity technologies and
technical knowledge;
– Structural change involving shifts of both capital and
labour from less productive to more productive
sectors.
7. On Capital Accumulation
or Investment
• There is a systematic positive relationship between the
national investment rate and the national per capital
income level.
• Moreover, investment rates and income growth are
positively related.
• As for human capital, per capita income as well as
income growth are positively associated with literacy at
all levels (primary, secondary and tertiary).
• THUS, investment is important for economic
growth but low initial income levels tend to keep
investment down.
8. On Import Capacity
• Import capacity Depends on competitiveness of exports.
Also, stability of imports depends on stability of export earnings.
– The ratio of trade (exports plus imports) to GDP rises with per
capita income levels.
– Primary exports (including agricultural exports) are half or
more of total in low-income countries.
– Growth in trade ratios during last 25 years has been more
rapid in the high-income group than in the middle- or low-
income groups.
– The ratio of trade taxes (import tariffs and export taxes) to
trade is considerably higher in low-income than in high-income
countries.
– Capital flows (both FDI and financial flows of loans and
portfolio capital) are greater for middle-income group than for
the low-income group.
– The barter terms of trade for developing countries as a
group, and primary exporters in particular, have suffered
significant declines and persistent instability.
9. On Import Capacity
• Thus, import capacity is important for
growth but low initial income levels tend to
keep export competitiveness and hence
import capacity down; low income levels
also tend to produce instability in import
capacity.
10. On Structural Change
• Structural change involves:
– shift from primary production (agriculture etc.) to
secondary (industry)
– within industry and within services
(banking, transport, insurance, etc.) from traditional
to more modern forms of organisation and
technology
11. On Structural Change
• IN SUM:
– Increased investment requires both increased savings and
greater import capacity. But both are limited by low per
capita income. In short, savings and import capacity are
related to income levels through economic structure.
– A lot of labor tends to be under-employed. This can decline
only with the growth of investment and national income.
– Deliberate policies are needed to transform economic
structure in order to accelerate growth rather than wait for
growth to transform the economic structure.
• Trade diversification, import substitution, reduced vulnerability
12. Growth & Distribution:
Independent or Connected?
• Trickle-down growth vs. Pro-Poor Growth
• Trickle-down: Growth is the best instrument for
poverty reduction
– Galbraith on horses and birds on highways
• PPG:
– BOTH growth rapid enough to improve the “absolute”
condition of the poor AND pro-poor enough to improve the
“relative” position of the poor
– BOTH equalize at start of process (initial conditions) AND
equalize during growth process (growth with distribution)
13. Growth & Distribution: Interactions?
• TRENDS & Explanations:
– Norm of rising inequality in rich and poor countries
during the last 15-20 years
– Why? technical change; trade liberalization, capital
mobility and bargaining power, weakened fiscs and
reduced state role
– Kuznets Hypothesis?
– Initial inequality tends to strongly reduce subsequent
growth
15. Growth & Distribution: Interactions?
• Two areas of inspiration for PPG policies:
– 1. Policies to correct market failures in the
utilization and allocation of capital (between
physical and human capital, formal and informal
sectors, capital-intensive and labor-intensive
techniques, public and private capital)
– 2. Policies to reduce initial inequalities
16. Some Sources of
Growth-Equality Complementarity
• CONCEPT: Inequality-reducing or pro-poor or
trickle-up growth
• Key is redistribution weakens structural
constraints on the utilization of labor, on raising
workers’ capacities and skills, and on efficient
allocation of capital.
– In the long run, the incomes of both the poor and
non-poor are likely to rise i.e., a process of trickle-up
growth.
17. Some Aspects of
Equality-Complementary Growth (ECG)
• Unequal Access to Productive Capital
• Land Inequality
• Natural Resource Depletion
• Credit Constraints on Human Capital
Accumulation
18. Macro Economics:
Orthodox VS Heterodox Views
• Standard macro policies aim for one and one thing
only: macro stability but PPG macro policies must also
recognize distribution and growth effects
• Standard approach neatly divides stabilization from
long-term growth (with distribution just after-thought)
but PPG approach sees growth effects of stabilization
and recognizes role for distribution
• Demand VS Supply Sides: investment drives growth
("S-side") but growth drives investment (D-side)!
19. Aggregate Demand, Inequality
& Growth
• QUESTION In any capitalist economy, savers and
investors tend to be separated. So how does macro
equilibrium (D=S) come about?
• S-side ANSWER: by the interest rate. Saving given by
HH plans. Investment must adjust to saving supply.
So saving supply determines investment demand.
• D-side ANSWER: by income and employment (in SR)
and growth and distribution (in LR). Saving mainly
from profits. Investment itself determined by
(expected) profit rate. If investment rises, savings
follows as income distribution shifts to profits. So
investment demand determines saving supply.
20. Aggregate Demand, Inequality
& Growth
• So change (policy or not) that reduces inequality
stimulates effective demand. So both growth
increases and inequality decreases.
21. Endogenous vs. Exogenous Growth
• "Exogenous" means "determined outside the system".
Most growth theories have been of the exogenous kind
in that the key sources of growth such as the labor
force, the appetite for investment and technical
progress are all given outside the system.
– e.g., "gravitational force" for Newton, velocity of light for
Einstein
• "Endogenous" means "determined inside the system".
Yet, paradoxically, for Adam Smith himself, the key
growth source was endogenous - due, in fact, to the
sheer movement of the system itself.
22. Endogenous vs. Exogenous Growth
• Arguments
– Productivity growth depends on Specialization
– Specialization depends on Size of Market
– Size of Market Depends on Productivity
• The entire argument, as in the figure, is a closed
“circle.” Can lead to self-sustained virtuous
cycle OR low-level vicious traps.
23. Figure 3.1: Increasing Returns &
Endogenous Growth
A.Smith--A.Young Thesis of Increasing Returns A.Smith--A.Young Thesis of Increasing Returns
With Exogenous Population (N0) With Endogenous Population (N=f(y))
Division of Labor Division of Labor
Size of Market = y.N 0 Productivity Size of Market = y.N Productivity
Per Cap Income (y) N Per Cap Income (y)