The South Bend presentation was delivered at the first ever South Bend Economic Summit, co-hosted by the Mayor of South Bend, and the heads of the Chamber of Commerce of St. Joseph County and the Corporate Partnership for Economic Growth.
"Originally developed as a two-day training for HUD Choice Neighborhood program grantees, this presentation was delivered to grantees from NeighborWorks America's Catalytic Grant Program. The training presents the rationale and structure of a new approach to comprehensive neighborhood economic development: ""neighborhood business planning."" After walking through the effects and implications of the transition to the knowledge economy, the presentation provides a framework for seeing neighborhoods as dynamic systems whose role in the economy is to develop and deploy assets (e.g., workers, businesses) into larger markets.
An overview of neighborhood types and their unique roles within regions follows, along with data on the typical trajectories of different neighborhood types. Sections on each of five market levers (human capital, clusters, innovation and entrepreneurship, urban growth form and governance) show how the development of neighborhood goals, market analysis, strategies and initiatives can create neighborhoods of opportunity in connection with their region. Local-facing issues like housing, retail and other amenities are examined in relation to their effect on creating neighborhoods of choice that certain populations are attracted to, influencing a neighborhood's type and trajectory. The presentation concludes with an overview of the most comprehensive application of neighborhood business planning to-date: the Greater Chatham Initiative."
Economic Place-making: How to Develop a "Neighborhood Business Plan"RWVentures
Developed as part of a two-day training for planning and implementation grantees from HUD's Choice Neighborhoods program, this presentation walks through the logic and structure of a new approach to comprehensive neighborhood economic development: "neighborhood business planning." It begins by describing the changes taking place in the knowledge economy, which present opportunities for metropolitan areas and especially urban neighborhoods, and suggest a new approach: neighborhood business planning. The presentation then offers a framework for understanding neighborhoods as dynamic systems whose economic function is to develop and deploy their assets into larger markets.
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
The document discusses a presentation on metropolitan business planning for the Milwaukee 7 regional economic development collaboration. It provides an overview of the drivers of the modern economy, including the importance of knowledge assets, human capital, and technology. It then analyzes key factors for metropolitan economic growth, including industry clusters, workforce skills, innovation capacity, and business dynamics in the Milwaukee region. Specific areas for further examination are identified, such as defining regional industry clusters, skills mismatches, barriers to business startups, and strengthening the commercialization of university research.
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
Delivered at the Winter meeting of the Mayor's Innovation Project, this presentation considers the questions that regions should answer in order to understand their unique opportunities for economic growth.
Positioning Your Neighborhood for Economic DevelopmentRWVentures
This document outlines strategic development scenarios for redeveloping an underutilized site owned by the Casey Foundation in Atlanta. Four scenarios are presented: a regional distribution hub, a mixed white/blue collar business services hub, a blue-collar innovation hub, and a mixed-use food development. Tradeoffs of each are analyzed based on job creation, quality and accessibility; market viability; connectivity; and catalytic potential. Three scenarios - a mixed B2B hub, blue-collar innovation hub, and mixed-use food development - were prioritized. A developer has been selected to create a final development scheme integrating priorities around jobs, sustainability, connectivity, and leadership.
Retail in Context: Observations from ColumbusRWVentures
Delivered by RW Ventures, Chicago TREND and the Columbus Metropolitan Housing Authority, this pair of training sessions were designed to help communities pursuing retail, industrial land use, small business or other economic development projects think more strategically about how those efforts can align with and leverage other local development activities. The morning session used a case study from Columbus to illustrate how the viability of a retail project can be informed and enhanced by interrelated strategies to revitalize the surrounding neighborhood. The afternoon session used an industrial land redevelopment case study from Atlanta to explore how to connect regional industrial opportunities to neighborhood assets and development - sometimes referred to as "economic place-making."
Ayala upse forum the state of the economy-29_jan2015_finalnedaph
The Philippine economy has experienced a resurgence in growth since 2010, with average growth of 6.3% from 2010-2014. This is the highest 5-year average growth in over 40 years. Private consumption and the services sector have driven growth, though investment and industry are becoming larger drivers. While growth has been strong, poverty and employment remain challenges. Deepening reforms are needed to sustain growth and make it more inclusive, such as increasing infrastructure spending, investing in human capital, improving disaster preparedness, and addressing conflicts.
The South Bend presentation was delivered at the first ever South Bend Economic Summit, co-hosted by the Mayor of South Bend, and the heads of the Chamber of Commerce of St. Joseph County and the Corporate Partnership for Economic Growth.
"Originally developed as a two-day training for HUD Choice Neighborhood program grantees, this presentation was delivered to grantees from NeighborWorks America's Catalytic Grant Program. The training presents the rationale and structure of a new approach to comprehensive neighborhood economic development: ""neighborhood business planning."" After walking through the effects and implications of the transition to the knowledge economy, the presentation provides a framework for seeing neighborhoods as dynamic systems whose role in the economy is to develop and deploy assets (e.g., workers, businesses) into larger markets.
An overview of neighborhood types and their unique roles within regions follows, along with data on the typical trajectories of different neighborhood types. Sections on each of five market levers (human capital, clusters, innovation and entrepreneurship, urban growth form and governance) show how the development of neighborhood goals, market analysis, strategies and initiatives can create neighborhoods of opportunity in connection with their region. Local-facing issues like housing, retail and other amenities are examined in relation to their effect on creating neighborhoods of choice that certain populations are attracted to, influencing a neighborhood's type and trajectory. The presentation concludes with an overview of the most comprehensive application of neighborhood business planning to-date: the Greater Chatham Initiative."
Economic Place-making: How to Develop a "Neighborhood Business Plan"RWVentures
Developed as part of a two-day training for planning and implementation grantees from HUD's Choice Neighborhoods program, this presentation walks through the logic and structure of a new approach to comprehensive neighborhood economic development: "neighborhood business planning." It begins by describing the changes taking place in the knowledge economy, which present opportunities for metropolitan areas and especially urban neighborhoods, and suggest a new approach: neighborhood business planning. The presentation then offers a framework for understanding neighborhoods as dynamic systems whose economic function is to develop and deploy their assets into larger markets.
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
The document discusses a presentation on metropolitan business planning for the Milwaukee 7 regional economic development collaboration. It provides an overview of the drivers of the modern economy, including the importance of knowledge assets, human capital, and technology. It then analyzes key factors for metropolitan economic growth, including industry clusters, workforce skills, innovation capacity, and business dynamics in the Milwaukee region. Specific areas for further examination are identified, such as defining regional industry clusters, skills mismatches, barriers to business startups, and strengthening the commercialization of university research.
Regions Charting New Directions: Metropolitan Business PlanningRWVentures
Delivered at the Winter meeting of the Mayor's Innovation Project, this presentation considers the questions that regions should answer in order to understand their unique opportunities for economic growth.
Positioning Your Neighborhood for Economic DevelopmentRWVentures
This document outlines strategic development scenarios for redeveloping an underutilized site owned by the Casey Foundation in Atlanta. Four scenarios are presented: a regional distribution hub, a mixed white/blue collar business services hub, a blue-collar innovation hub, and a mixed-use food development. Tradeoffs of each are analyzed based on job creation, quality and accessibility; market viability; connectivity; and catalytic potential. Three scenarios - a mixed B2B hub, blue-collar innovation hub, and mixed-use food development - were prioritized. A developer has been selected to create a final development scheme integrating priorities around jobs, sustainability, connectivity, and leadership.
Retail in Context: Observations from ColumbusRWVentures
Delivered by RW Ventures, Chicago TREND and the Columbus Metropolitan Housing Authority, this pair of training sessions were designed to help communities pursuing retail, industrial land use, small business or other economic development projects think more strategically about how those efforts can align with and leverage other local development activities. The morning session used a case study from Columbus to illustrate how the viability of a retail project can be informed and enhanced by interrelated strategies to revitalize the surrounding neighborhood. The afternoon session used an industrial land redevelopment case study from Atlanta to explore how to connect regional industrial opportunities to neighborhood assets and development - sometimes referred to as "economic place-making."
Ayala upse forum the state of the economy-29_jan2015_finalnedaph
The Philippine economy has experienced a resurgence in growth since 2010, with average growth of 6.3% from 2010-2014. This is the highest 5-year average growth in over 40 years. Private consumption and the services sector have driven growth, though investment and industry are becoming larger drivers. While growth has been strong, poverty and employment remain challenges. Deepening reforms are needed to sustain growth and make it more inclusive, such as increasing infrastructure spending, investing in human capital, improving disaster preparedness, and addressing conflicts.
Presentation of Sec. Arsenio Balisacan at the 2015 FOCAP Prospects for the Ph...nedaph
The Philippine economy has experienced strong growth in recent years, averaging 6.3% from 2010-2014. Structural changes are occurring as the agriculture and industry sectors grow at higher rates than services. To sustain growth, infrastructure projects must be implemented, legislation passed, and downside risks from external factors and domestic disasters addressed. The outlook for 2015-2016 remains positive, with projections of 7-8% annual GDP growth, if key challenges around infrastructure, legislation, and risks are managed.
Highlights from the 2014 edition of the OECD's Sovereign Borrowing Outlook. This includes gross borrowing requirements, net borrowing requirements, central government marketable debt, funding strategies and instruments and distribution channels.
Find out more information at http://www.oecd.org/daf/fin/public-debt/oecdsovereignborrowingoutlook.htm
Launch OECD report on Productivity and jobs in a globalised worldOECDregions
The launch event for the OECD report Productivity and Jobs in a Globalised World: (How) Can All Regions Benefit? was hosted by the European Committee of the Regions and the European Commission’s Directorate‑General for Regional and Urban Policy. The official launch and press briefing took place in the morning, followed by an in‑depth presentation of the report in the afternoon. The World Bank discussed the report and presented findings from the World Bank report Rethinking Lagging Regions in the EU: evidence-based principles for future Cohesion Policy.
http://www.oecd.org/publications/productivity-and-jobs-in-a-globalised-world-9789264293137-en.htm
Policy Highlights from the publication Regional Outlook 2016, Productive Regions for Inclusive Societies. For more information see http://www.oecd.org/gov/oecd-regional-outlook-2016-9789264260245-en.htm
The document discusses economic growth in Turkey. It covers key topics such as GDP, GDP per capita, growth rates, the effects of population growth, and productivity. Methods for measuring economic growth include growth accounting and the Solow model. Turkey has experienced economic crises in 1994, 2000, and 2001 related to growing current account deficits. As a developing country seeking EU membership, analyzing sources of growth is important for achieving stable and sustainable growth.
Presentation to glyndwr university 22 januaryMark Beatson
This document discusses how economic trends may impact managing people in organizations. It notes that the economy is expected to see slower growth than 2014 but better than the past 5 years. The labor market will continue expanding but wage growth is unlikely before 2016 if productivity increases. Population aging will affect both product demand and labor supply. Technological advances may reshape the labor market and required skills. European economic conditions will continue influencing the UK economy due to trade links. Long term trends like an aging population and rise of the knowledge economy are also discussed.
Market-Based Community Economic DevelopmentRWVentures
This document outlines a framework for using market-based approaches to community economic development. It argues that markets can be leveraged to invest in undervalued assets in low-income communities. The framework involves:
1) Analyzing specific market components and levels like production, exchange, and consumption to identify how to better align market and development goals
2) Identifying "levers" like costs, networks, and information flows that influence market behavior and can be adjusted through activities
3) Choosing activities that target key market levels and levers, like providing alternative credit scoring to reduce risks for lenders.
The goal is to refine markets to include low-income communities by addressing market failures and expanding economic opportunities.
This chapter discusses key macroeconomic concepts including:
1) The two major issues in macroeconomics are economic growth and business cycles which include unemployment and inflation.
2) Important measures used to evaluate macroeconomic performance are GDP, GDP per capita, unemployment rate, inflation rate, and potential GDP.
3) Macroeconomic policies implemented by governments include fiscal policy related to government spending and taxation and monetary policy which controls money supply and interest rates. These policies aim to promote growth, reduce unemployment, and lower inflation.
1) The document examines how pro-growth policies impact economic stability for households.
2) It finds that some reforms like weakening unemployment benefits or tax progressivity can increase household instability, while bolder reforms replacing tight labor and product market regulations can boost growth without harming stability.
3) Tax and benefit systems also significantly impact whether individual earnings losses are attenuated at the household level, with countries having more generous, progressive systems providing greater stability.
The Economy and Demography
Challenges and Opportunities for the oneNS Coalition Thomas Storring, NS Department of Finance and Treasury Board, 2014-09-16
The government’s economic policy is defined by five-year economic plans. China is at a critical stage of her development China will have move up the ‘value chain’ as it loses its competitive edge in labour-intensive sectors. China is still a relatively poor country with an estimated GDP per capita on a PPP basis of US$12,879 in 2014, lower than Thailand. Policies to increase the real incomes of China’s middle class will encourage more consumption as a share of GDP and make the economy less reliant on exports and investment as key sources of economic growth.
The Chinese economy has many structural imbalances that will need to be addressed for sustainable growth to be maintained:
Chinese economy remains reliant on credit growth, with overall debt rising to 280% of GDP in mid-2015
China will need to shift away from imitating/copying Western technologies to generating more innovation Increasing competitive challenges are coming from lower-unit cost countries such as Vietnam, Indonesia and Mexico. Wages in the Chinese manufacturing sector have more than tripled since 2008.
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
The Philippine Economy: Progress, Challenges, Strategies by Secretary Arsenio...nedaphils
Socioeconomic Planning Secretary and NEDA Director General Arsenio M. Balisacan's statement during the press briefing in Malacañang on February 17, 2014 on the Philippine economy and poverty reduction roadmap.
can-pro-growth-policies-lift-all-boats-structural-reforms-and-income-distribu...OECD, Economics Department
This document discusses how economic growth has been associated with rising inequality across OECD countries since the 1980s. While GDP per capita and average incomes were expected to rise together, growth has disproportionately benefited those at the top of the income distribution. Structural reforms can impact GDP and household incomes differently, with some reforms lifting lower incomes more than GDP. Reforms to labor markets, product markets, education, and tax systems present opportunities for policies that promote both long-term growth and more equitable income distribution. However, some reforms like tightening unemployment benefits could present tradeoffs between equity and growth goals.
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
This document discusses divergence in productivity and implications for inclusion. It summarizes findings from the OECD's MultiProd project, which examines wage and productivity dispersion using representative firm-level data from 16 countries. Key points include:
- Wage growth has decoupled from productivity growth in many countries since the 1990s, with rising inequality contributing.
- Productivity dispersion between firms has increased along with wage dispersion in most countries, though there are differences across places.
- Preliminary evidence suggests the link between wage and productivity dispersion is stronger in manufacturing than services and has increased over time.
- Various country-level factors like international trade, skills, R&D, and policies may influence dispersion in wages and productivity.
This document summarizes 5 articles from a policy review on Pakistan's Federal Budget for 2020-21. The first article discusses how the budget aims to balance the country's needs and resources during difficult times, having to deal with the impacts of COVID-19, locust attacks, and ongoing issues. It notes key challenges including health infrastructure, economic impacts, and revenue collection. The second article provides an overview of the macroeconomic impacts of COVID-19, including contractions in various sectors and challenges relating to supply chains, demand, exports, and household purchasing power. The third article discusses whether the budget's expansionary fiscal policy will be able to meet IMF fiscal targets. The fourth reviews impacts on Pakistan's power sector. And the fifth discusses
(1) Economic growth is the expansion of an economy's production capabilities over time, as measured by the increase in potential GDP. Growth occurs through increases in population, productivity, capital, technology and other factors.
(2) The US has experienced steady economic growth since the 1950s, driven primarily by productivity gains. Labor productivity has increased on average 1.5-2.8% annually due to advances in technology, education, capital investment and other factors.
(3) While economic growth has lifted living standards in the US, growth has slowed recently and the country lags others in math/science skills. Sustained growth requires continued productivity improvements through education, innovation and efficient resource allocation.
The document discusses China's economic growth and business cycles since 1980. It shows that China's economy has experienced periods of rapid growth as well as slowdowns, indicating it does experience business cycles like other economies. In recent years, China has faced challenges with rising debt levels, declining productivity growth, and the need to transition to a more sustainable model of consumption-led growth.
This is a three slide economic profile for Zambia. It looks at the main macroeconomic indicators and provides an evaluation of the main barriers to growth and development facing this commodity rich country. Can Zambia - which has reached lower middle income status - successfully transition away from an economy that is heavily reliant on copper mining?
Investment Grade Philippines: Seizing Opportunities to Achieve Inclusive GrowthArangkada Philippines
The document summarizes the macroeconomic performance and outlook of the Philippines. It notes that the Philippine economy sustained robust growth in the first half of 2013, supported by sound macroeconomic fundamentals including low and stable inflation, a favorable interest rate environment, a sound banking system, and sustainable fiscal and external positions. It discusses key drivers of growth as well as risks, and emphasizes the need to improve social outcomes like employment generation and poverty reduction to achieve inclusive growth. Priority sectors for supporting inclusive growth are also highlighted.
IPAR-Rwanda's Annual Research Conference at Umubano Hotel from 28-29 January ...Bosco Hitimana
This document discusses Rwanda's experience with and policies for economic transformation and inclusive growth. It finds that:
1) Rwanda's economy has undergone transformation with services growing to account for nearly half of GDP and employment shifting from agriculture to services and wage labor. However, manufacturing productivity declined.
2) Poverty has significantly reduced from 60% to 24% between 2000-2011, driven by agricultural productivity and commercialization as well as non-farm employment. Inequality has also declined in most provinces.
3) Policies to further accelerate transformation and deepen inclusiveness include increasing private investment, exports, skills development, rural infrastructure, and addressing risks like a growing youth population and loss of cost competit
Presentation of Sec. Arsenio Balisacan at the 2015 FOCAP Prospects for the Ph...nedaph
The Philippine economy has experienced strong growth in recent years, averaging 6.3% from 2010-2014. Structural changes are occurring as the agriculture and industry sectors grow at higher rates than services. To sustain growth, infrastructure projects must be implemented, legislation passed, and downside risks from external factors and domestic disasters addressed. The outlook for 2015-2016 remains positive, with projections of 7-8% annual GDP growth, if key challenges around infrastructure, legislation, and risks are managed.
Highlights from the 2014 edition of the OECD's Sovereign Borrowing Outlook. This includes gross borrowing requirements, net borrowing requirements, central government marketable debt, funding strategies and instruments and distribution channels.
Find out more information at http://www.oecd.org/daf/fin/public-debt/oecdsovereignborrowingoutlook.htm
Launch OECD report on Productivity and jobs in a globalised worldOECDregions
The launch event for the OECD report Productivity and Jobs in a Globalised World: (How) Can All Regions Benefit? was hosted by the European Committee of the Regions and the European Commission’s Directorate‑General for Regional and Urban Policy. The official launch and press briefing took place in the morning, followed by an in‑depth presentation of the report in the afternoon. The World Bank discussed the report and presented findings from the World Bank report Rethinking Lagging Regions in the EU: evidence-based principles for future Cohesion Policy.
http://www.oecd.org/publications/productivity-and-jobs-in-a-globalised-world-9789264293137-en.htm
Policy Highlights from the publication Regional Outlook 2016, Productive Regions for Inclusive Societies. For more information see http://www.oecd.org/gov/oecd-regional-outlook-2016-9789264260245-en.htm
The document discusses economic growth in Turkey. It covers key topics such as GDP, GDP per capita, growth rates, the effects of population growth, and productivity. Methods for measuring economic growth include growth accounting and the Solow model. Turkey has experienced economic crises in 1994, 2000, and 2001 related to growing current account deficits. As a developing country seeking EU membership, analyzing sources of growth is important for achieving stable and sustainable growth.
Presentation to glyndwr university 22 januaryMark Beatson
This document discusses how economic trends may impact managing people in organizations. It notes that the economy is expected to see slower growth than 2014 but better than the past 5 years. The labor market will continue expanding but wage growth is unlikely before 2016 if productivity increases. Population aging will affect both product demand and labor supply. Technological advances may reshape the labor market and required skills. European economic conditions will continue influencing the UK economy due to trade links. Long term trends like an aging population and rise of the knowledge economy are also discussed.
Market-Based Community Economic DevelopmentRWVentures
This document outlines a framework for using market-based approaches to community economic development. It argues that markets can be leveraged to invest in undervalued assets in low-income communities. The framework involves:
1) Analyzing specific market components and levels like production, exchange, and consumption to identify how to better align market and development goals
2) Identifying "levers" like costs, networks, and information flows that influence market behavior and can be adjusted through activities
3) Choosing activities that target key market levels and levers, like providing alternative credit scoring to reduce risks for lenders.
The goal is to refine markets to include low-income communities by addressing market failures and expanding economic opportunities.
This chapter discusses key macroeconomic concepts including:
1) The two major issues in macroeconomics are economic growth and business cycles which include unemployment and inflation.
2) Important measures used to evaluate macroeconomic performance are GDP, GDP per capita, unemployment rate, inflation rate, and potential GDP.
3) Macroeconomic policies implemented by governments include fiscal policy related to government spending and taxation and monetary policy which controls money supply and interest rates. These policies aim to promote growth, reduce unemployment, and lower inflation.
1) The document examines how pro-growth policies impact economic stability for households.
2) It finds that some reforms like weakening unemployment benefits or tax progressivity can increase household instability, while bolder reforms replacing tight labor and product market regulations can boost growth without harming stability.
3) Tax and benefit systems also significantly impact whether individual earnings losses are attenuated at the household level, with countries having more generous, progressive systems providing greater stability.
The Economy and Demography
Challenges and Opportunities for the oneNS Coalition Thomas Storring, NS Department of Finance and Treasury Board, 2014-09-16
The government’s economic policy is defined by five-year economic plans. China is at a critical stage of her development China will have move up the ‘value chain’ as it loses its competitive edge in labour-intensive sectors. China is still a relatively poor country with an estimated GDP per capita on a PPP basis of US$12,879 in 2014, lower than Thailand. Policies to increase the real incomes of China’s middle class will encourage more consumption as a share of GDP and make the economy less reliant on exports and investment as key sources of economic growth.
The Chinese economy has many structural imbalances that will need to be addressed for sustainable growth to be maintained:
Chinese economy remains reliant on credit growth, with overall debt rising to 280% of GDP in mid-2015
China will need to shift away from imitating/copying Western technologies to generating more innovation Increasing competitive challenges are coming from lower-unit cost countries such as Vietnam, Indonesia and Mexico. Wages in the Chinese manufacturing sector have more than tripled since 2008.
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
The Philippine Economy: Progress, Challenges, Strategies by Secretary Arsenio...nedaphils
Socioeconomic Planning Secretary and NEDA Director General Arsenio M. Balisacan's statement during the press briefing in Malacañang on February 17, 2014 on the Philippine economy and poverty reduction roadmap.
can-pro-growth-policies-lift-all-boats-structural-reforms-and-income-distribu...OECD, Economics Department
This document discusses how economic growth has been associated with rising inequality across OECD countries since the 1980s. While GDP per capita and average incomes were expected to rise together, growth has disproportionately benefited those at the top of the income distribution. Structural reforms can impact GDP and household incomes differently, with some reforms lifting lower incomes more than GDP. Reforms to labor markets, product markets, education, and tax systems present opportunities for policies that promote both long-term growth and more equitable income distribution. However, some reforms like tightening unemployment benefits could present tradeoffs between equity and growth goals.
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
This document discusses divergence in productivity and implications for inclusion. It summarizes findings from the OECD's MultiProd project, which examines wage and productivity dispersion using representative firm-level data from 16 countries. Key points include:
- Wage growth has decoupled from productivity growth in many countries since the 1990s, with rising inequality contributing.
- Productivity dispersion between firms has increased along with wage dispersion in most countries, though there are differences across places.
- Preliminary evidence suggests the link between wage and productivity dispersion is stronger in manufacturing than services and has increased over time.
- Various country-level factors like international trade, skills, R&D, and policies may influence dispersion in wages and productivity.
This document summarizes 5 articles from a policy review on Pakistan's Federal Budget for 2020-21. The first article discusses how the budget aims to balance the country's needs and resources during difficult times, having to deal with the impacts of COVID-19, locust attacks, and ongoing issues. It notes key challenges including health infrastructure, economic impacts, and revenue collection. The second article provides an overview of the macroeconomic impacts of COVID-19, including contractions in various sectors and challenges relating to supply chains, demand, exports, and household purchasing power. The third article discusses whether the budget's expansionary fiscal policy will be able to meet IMF fiscal targets. The fourth reviews impacts on Pakistan's power sector. And the fifth discusses
(1) Economic growth is the expansion of an economy's production capabilities over time, as measured by the increase in potential GDP. Growth occurs through increases in population, productivity, capital, technology and other factors.
(2) The US has experienced steady economic growth since the 1950s, driven primarily by productivity gains. Labor productivity has increased on average 1.5-2.8% annually due to advances in technology, education, capital investment and other factors.
(3) While economic growth has lifted living standards in the US, growth has slowed recently and the country lags others in math/science skills. Sustained growth requires continued productivity improvements through education, innovation and efficient resource allocation.
The document discusses China's economic growth and business cycles since 1980. It shows that China's economy has experienced periods of rapid growth as well as slowdowns, indicating it does experience business cycles like other economies. In recent years, China has faced challenges with rising debt levels, declining productivity growth, and the need to transition to a more sustainable model of consumption-led growth.
This is a three slide economic profile for Zambia. It looks at the main macroeconomic indicators and provides an evaluation of the main barriers to growth and development facing this commodity rich country. Can Zambia - which has reached lower middle income status - successfully transition away from an economy that is heavily reliant on copper mining?
Investment Grade Philippines: Seizing Opportunities to Achieve Inclusive GrowthArangkada Philippines
The document summarizes the macroeconomic performance and outlook of the Philippines. It notes that the Philippine economy sustained robust growth in the first half of 2013, supported by sound macroeconomic fundamentals including low and stable inflation, a favorable interest rate environment, a sound banking system, and sustainable fiscal and external positions. It discusses key drivers of growth as well as risks, and emphasizes the need to improve social outcomes like employment generation and poverty reduction to achieve inclusive growth. Priority sectors for supporting inclusive growth are also highlighted.
IPAR-Rwanda's Annual Research Conference at Umubano Hotel from 28-29 January ...Bosco Hitimana
This document discusses Rwanda's experience with and policies for economic transformation and inclusive growth. It finds that:
1) Rwanda's economy has undergone transformation with services growing to account for nearly half of GDP and employment shifting from agriculture to services and wage labor. However, manufacturing productivity declined.
2) Poverty has significantly reduced from 60% to 24% between 2000-2011, driven by agricultural productivity and commercialization as well as non-farm employment. Inequality has also declined in most provinces.
3) Policies to further accelerate transformation and deepen inclusiveness include increasing private investment, exports, skills development, rural infrastructure, and addressing risks like a growing youth population and loss of cost competit
Investment Grade Philippines: Seizing Opportunities to Achieve Inclusive GrowthWesley Ong
This document summarizes the macroeconomic performance and outlook of the Philippines. It notes that GDP growth was robust at 6.8% in 2012 and 7.6% in the first half of 2013, driven by strong growth in industry and services. Inflation was low and stable while interest rates were favorable. The fiscal deficit and debt levels were sustainable. The document outlines strategies to promote inclusive growth, particularly in priority sectors like agriculture, manufacturing, housing, and infrastructure. It expresses confidence that growth will continue in 2013-2014 if these strategies are implemented, while remaining vigilant against domestic and global risks.
The document summarizes the current state of the global and Saint Lucian economies. It notes that the global economic outlook has worsened as growth has slowed in major economies like China, India, and Brazil. This slowing is expected to negatively impact Saint Lucia through lower tourism, FDI, exports, and grants. Saint Lucia's growth is projected to be below targets for 2012 due to these mounting risks. The government's fiscal position is also expected to deteriorate as the recurrent deficit exceeds targets and revenues fall short. Salaries and wages comprise the largest share of expenditures and have been steadily increasing, posing challenges. Recommendations include foregoing salary increases this period to address fiscal issues and risks to the economy.
State of economy - economic survey of India 2013-14Swapnil Soni
The document provides an economic survey of India for 2013-14 prepared by the Ministry of Finance. It analyzes key economic indicators such as GDP growth, production, prices, external trade and debt, monetary trends, and government finances. Some highlights include:
- Real GDP growth slowed to 4.5% in 2013-14, the second successive year of sub-5% growth.
- Inflation remained above target levels and food inflation was a major contributor to overall inflation.
- Exports grew 4.1% in 2013-14 while imports declined 8.3%, improving the current account deficit.
- The survey identifies structural constraints like low manufacturing and agricultural productivity that are hampering the growth potential of
Domestic resource mobilization for micro and small enterprisesjlpereirao
Micro and Small Enterprises (MSE) are very important in Bolivia, eight out of ten employments are created by this sector. Most of MSEs work in an informal economy, having strong impact in job quality, tax contribution and weak national services delivered to this companies. Aimed to public authorities and cooperation agencies, the proposal explore some financial mechanism and tools that can allow incorporate this sector to formal economy, improving productivity, work conditions and cluster integration. Bolivian Economic and Social Development Plan 2015-2020 is specific in looking for a strong MSE participation in the national effort aimed to diversify the productive matrix
Domestic Resource Mobilization for micro and small enterprises in Boliviajlpereirao
Micro and Small Enterprises (MSE) are very important in Bolivia, eight out of ten employments are created by this sector. Most of MSEs work in an informal economy, having strong impact in job quality, tax contribution and weak national services delivered to this companies. Aimed to public authorities and cooperation agencies, the proposal explore some financial mechanism and tools that can allow incorporate this sector to formal economy, improving productivity, work conditions and cluster integration. Bolivian Economic and Social Development Plan 2015-2020 is specific in looking for a strong MSE participation in the national effort aimed to diversify the productive matrix
The document summarizes the economic performance of Caribbean countries in 2022 and provides an outlook for 2023. It notes that while regional growth was over 10% in 2022, it was tempered by global uncertainty. Inflation increased across the region due to rising commodity and food prices. CDB approved over $158 million in grants and loans in 2022 and disbursed $292.5 million to support projects in areas like education, agriculture, and disaster risk management. The economic outlook projects regional growth of 5.7% in 2023, though risks like higher interest rates and weaker remittance flows remain. CDB is committed to building resilience through support for debt management, social protection, private sector development,
The U.S. economy is improving at a modest but positive pace, and business experts expect that trend to continue into next year and beyond. This was a theme echoed by several speakers Oct. 3 at a McCombs event called “The Economy in 2014: The Year of the Rebound?”
See the summary and video: The U.S. economy is improving at a modest but positive pace, and business experts expect that trend to continue into next year and beyond. This was a theme echoed by several speakers Oct. 3 at a McCombs event called “The Economy in 2014: The Year of the Rebound?” - See the summary and video: http://www.texasenterprise.utexas.edu/2013/10/17/finance/2014-year-rebound
Highlights
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The 2014 Budget: Macroeconomic Assumptions and Growth Targets
1. The 2014 Budget
MACROECONOMIC ASSUMPTIONS
AND GROWTH TARGETS
Arsenio M. Balisacan
Secretary of Socioeconomic Planning
DBCC Hearing with Congress
7 August 2013
2. I. Recent Economic Performance
II. The Development Challenge
III. Macro Assumptions
IV. Strategies to Sustain Growth
V. Risks and Opportunities
Outline
3. Plan Targets
Halve the proportion of people
who suffer from hunger
Achieve universal primary
education
Reduce by 2/3 under-5 mortality
rate
Reduce by 3 quarters the
maternal mortality ratio
Eliminate gender disparity
Halt spread of HIV & AIDS
Halve the proportion of people
without sustainable access to
safe drinking water & basic
sanitation
6.8-7.2%
Unemployment Rate
7.0% (2012)
7.3% (ave. of LFS’
2013 Jan & Apr round)
Unemployment rate
27.9% (S1 2012)
28.6% (S1 2009)
Poverty Rate
Where are we now?
3
6.8% (2012)
7.8% (Q1 2013)
GDP Growth
20.3% (2012)
23.0% (Q1 2013)
Fixed Capital as
ratio to GDP
We are on track with respect to our economic targets;
the present challenge is to improve the social indicators.
4. 2012 2013 Q1
By Industrial Origin Share to GDP
Growth
Rate
Share to
GDP
Growth
Rate
Agri, Fishery, Forestry and Hunting 11.1 2.8 11.1 3.3
Industry 32.0 6.8 33.2 10.9
Of which: Manufacturing 22.1 5.4 23.4 9.7
Services 56.9 7.6 55.7 7.0
By Expenditure
Household Final Consumption 70.4 6.6 68.0 5.1
Gov’t Final Consumption 10.3 12.2 11.5 13.2
Capital Formation 18.5 -3.2 20.0 47.7
Of which: Fixed Capital 20.3 10.4 23.0 16.8
of which: Public Construction 1.8 29.8 1.9 45.6
Private Construction 6.4 11.5 6.8 30.7
Durable Equipment 10.0 8.0 12.0 9.4
Changes in Inventory (1.8) (333.8) (2.9) 51.9
Exports 48.4 8.9 44.7 (7.0)
Imports 47.6 5.3 44.5 1.6
Source: NSCB
Recently, the Philippine economy grew robustly.
5. Source: Bangko Sentral ng Pilipinas
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
2005 2006 2007 2008 2009 2010 2011 2012 2013*
Headline Inflation
Low Target
High Target
* Jan - June 2013 only
inpercent
Inflation
Sound macroeconomic fundamentals supported
this remarkable performance.
Inflation has been within target since 2010
6. * As of Q1
-4
-3.5
-3
-2.5
-2
-1.5
-1
-0.5
0
0
10
20
30
40
50
60
70
80
2005 2006 2007 2008 2009 2010 2011 2012 2013*
NG Debt to GDP, LHS Fiscal Balance to GDP, RHS
Fiscal position is sustainable.
8. -
1.0
2.0
3.0
4.0
5.0
6.0
0.0
10.0
20.0
30.0
40.0
50.0
60.0
2005 2006 2007 2008 2009 2010 2011 2012 2013*
External Debt to GDP ratio, rhs Current Account to GDP ratio**, lhs
0
2
4
6
8
10
12
14
-
20.0
40.0
60.0
80.0
100.0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013***
GIR (lhs, US$bn) months worth of imports (rhs) Short term external debt cover** (rhs)
inbillion
US$
US$81.3 bn
11.8
5.9
Source: Bangko Sentral ng Pilipinas
* As of March 2013; ** Figures for 2012 and 2013 are based on BPM6 compilation; ***As of June 2013
External position remains favorable.
9. Indicator Ave 2010
Ave
2012
Ave 2012
(Jan &
Apr)
Ave 2013
(Jan & Apr)
Labor Force Level (‘000) 38,893 40,432 40,435 40,870
Employment Level (‘000) 36,035 37,607 37,587 37,880
Wage and salary workers (%
share to total employment)
54.5 56.8 55.5 58.8
Unemployment Level (‘000) 2,859 2,825 2,848 2,990
Unemployment Rate (%) 7.3 7.0 7.0 7.3
Underemployment Level (‘000) 6,762 7,509 7,165 7,593
Underemployment Rate (%) 18.8 20.0 19.1 20.0
Source: Labor Force Survey, National Statistics Office
9
But employment creation remains a big challenge.
10. • Good governance has proven to be an effective platform upon
which strategies should be implemented.
• Macroeconomic (fiscal, financial, external) and political
stability fuels positive expectations that lead to growth.
• Economic growth is necessary but not sufficient for poverty
reduction.
• Growth strategies need to have spatial and sectoral
dimensions to ensure inclusivity.
• Disasters can negate the gains and even push back
development.
10
Lessons Learned: Midterm Assessment
of PDP 2011-2016
11. POSITIVE ACTION with Spatial and Sectoral Dimensions (e.g.,
economic and social programs)
Boost
competitiveness
Improve access
to financing
Macroeconomic Stability
(fiscal, monetary, external, financial)
Science,
technology ,
innovation
Education and
skill set of the
workforce
Infrastructure
Investments
Rapid and sustained growth
jobs
Market
demand
INCLUSIVE GROWTH (MASSIVE EMPLOYMENT
CREATION, REDUCED POVERTY)Good
Governance
(Property
Rights,
Regulatory
Efficiency,
Alignment of
policies)
National
Security,
and
Ecological
Integrity
11
Hence we need to do more to attain
inclusive growth...
12. Guiding Principles
in updating the PDP
• Efficiency (catalytic; government intervention
facilitates and not substitutes for private action)
• Equity (broadening opportunities through
connectivity, human capital investments)
• Feasibility (doable within the Plan period)
13. • Government budget that
– Facilitates massive employment generation
– Helps to significantly reduce poverty
• Positive action with
– Sectoral dimension
– Spatial dimension
The proposed 2014 budget will help us move
towards inclusive growth...
15. 2012 2013 Q1 2013 2014
Actual Actual Assumption Assumption
GDP 6.8 7.8 6.0-7.0 6.5-7.5
Agriculture 2.8 3.3 3.5-4.5 3.2-4.2
Industry 6.8 10.9 6.4-7.5 7.4-8.5
Services 7.6 7.0 6.3-7.3 6.7-7.6
Source: NEDA as approved in the DBCC
We assume that growth will continue
in 2013 and beyond.
16. Strong performance of agri-based manufacturing,
and recovery of semiconductor and electronics
Robust public and private construction projects
Buoyant domestic and local tourism
Continued strong growth of wholesale and retail
trade
Real estate particularly housing
Greater productivity in agriculture and rebound of
the fisheries subsector
Growth Drivers - Production
17. Higher public construction and investments in
power generation
Robust private investment in construction and
durable equipment
Strong household consumption due to better
employment opportunities, strong remittance
inflows, and low and stable inflation
Increased tourist arrivals and more demand for
business process management
Improvement of external trade conditions
Growth Drivers - Expenditures
18. • Infrastructure development focusing on connectivity between
regions/provinces, esp. transport and power
• New growth drivers outside NCR(agri/agribusiness, tourism,
IT/BPM in next wave cities, public housing, manufacturing,
infra/logistics)
• Completion of asset reform, particularly individual titling of
lands under CARP/CARPer
• Investment in human capital to improve the competitiveness/
productivity of current and future stock of the labor force
• Provision of social protection against income and employment
shocks for the most vulnerable
• Improved resilience to natural disasters
The budget will support positive actions
with sectoral and spatial dimensions.
19. Possible spike in commodity prices (e.g. petroleum,
agricultural products)
Weather disturbances (e.g., El Nino and typhoons)
Delays in the implementation of infrastructure
development projects, particularly power
Excessive capital inflows /outflows
Uncertainty in the Euro area
Fiscal risks in US and Japan
Further economic slowdown in BRIC, particularly China
We also remain vigilant against the following
near-term global and domestic risks to growth...
20. Improvement in the global economic
environment
Sustained growth in emerging markets
Improvement in demographic
conditions
Increasing income, continued growth in
population, rising middle income class
*Luncintel, Global Industrial Application Paper Industry 2012-2017: Trend, Profit, and Forecast Analysis
More financial resources available
Fiscal space
Investment grade credit rating
Increased integration of the ASEAN
Economic Community
Well integrated ASEAN financial system
…while taking advantage of opportunities