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This article discusses Keynesian economics, an economic theory named after John Maynard Keynes, a British economist. Keynes' economic theory was based on an circular flow of money: his ideas spawned a slew of interventionist economic policies during the Great Depression. Keynes stipulated that during such economically difficult times, the best way if reviving the economy is by an increase in government spending, which would trigger the multiplier effect.

Most developed economies will grow at a steady pace in the months ahead, but growth in Italy and China appears to be slowing, according to an economic indicator from the Organization for Economic Cooperation and Development. The OECD's indicators are designed to provide early signals of turning points between the pickup and slowdown of economic activity and are based on a wide variety of data series that have a history of signaling changes in economic activity.

Economic growth (increase in the country's level of output, and therefore GDP) in the Philippians condemns a million more Filipinos to poverty from 2006 to 2009. This very example is valid proof that economic growth and development are two entirely different notions. It is shown, in this article how economic growth in the Philippians meant abatement of living standards and a national spread of poverty. Quite the opposite of what can be defined as economic development... " 'Some 185,000 families, or 970,000 Filipinos, became poor', the NCSB said" "The needy totalled 3.86 million families or 23.14 million individuals."

The Recovery Act of 2009 gave 787 billion dollars for economic stimulus, this action by the government is a prime example of Keynesian economic theory as the government is bolstering economic growth and development while simultaneously reducing unemployment. It is recorded that 1.5 million private sector jobs have been saved and there has been six straight quarters of economic growth.

Although Turkey's economic indicators outpace many countries around the world, major differences in regional development are still an issue in the country and call state policies into question. Turkey has witnessed noteworthy growth in the last decade. At the same time, the country was also successful in lowering the yearly inflation rate to a 41-year low, 6.4 percent, in 2010. But despite these and similar advancements, economic development has not attained the same pace in every region in the country.

"Consumer spending makes up more than 70 percent of the economy, and it usually drives growth during economic recoveries." This article discusses how the truth is that consumer spending does not account for 70 percent of economic activity and is not the mainstay of the U. S. economy. Investment is! Business spending on capital goods, new technology, entrepreneurship, and productivity are more significant than consumer spending in sustaining the economy and a higher standard of living. In the business cycle, production and investment lead the economy into and out a recession; retail demand is the most stable component of economic activity.

"The chain of logic for supply-side policies to work requires the following. Lower tax rates on savings (or on those who save more) leads to higher saving rates. Higher saving leads to more economic investments and greater capital accumulation. Finally, more capital leads to greater economic growth. At each of these steps, however, there is reason to doubt the theory-there are other possible outcomes and conflicting theories. Rep. Ryan's plan is supply-side economics on steroids. His budget for fiscal year 2012 beginning in October would curtail spending, end Medicare as we know it, and reduce taxes on the wealthy while keeping overall tax revenue constant. This can only mean taxes will go up on the "nonwealthy." Ryan boasts that all this pain will be for good. And he is backed by the Heritage Foundation, which predicts-among other fantastical claims-that his budget will add an estimated additional 1 million jobs in 2012. Those 1 million jobs, however, are fictional."

This article indicates that economic growth in India will slow down to a little over 8 % in fiscal year 2012. This is in part due to a spike in interest rates in order to curb inflation. An increase in interest rates attracts saving and deters investment (the cost of borrowing is higher). In addition to this, the increased saving reduces the amount of expenditure in the economy thus contributing to slower economic growth. The reduction is also attributed to a slowing manufacturing and services sector (which is expected to have strong momentum in 2011 but slower growth in 2012).

this article talks about how corruption and inequality hamper economic development of India. As we have studied, economic development depends on three factors. These are poverty, unemployment and equality. This article says that there's corruption and inequality in India. So it is clear why there are problems in economic development of India

This article talks about the Tunisian economic growth using the GDP as the main indicator.

The HDI is a measure of development that captures achievements in health and education alongside economic growth. Egypt and Tunisia did well enough on the growth front, but where they really shone was on these broader indicators.

The article discusses Scotland's high literacy rates. As the article itself states 'Literacy levels are a very important measure of the social and economic well-being of any society'. 73 % of Scots have 'internationally recognized' literacy skills from the article. This provides a good indication of Scotland's development. Literacy rates are also key determinants of economic growth (plentiful and educated workforce more likely to be productive and contribute to economic growth) and thus reflects well upon Scotland's economic and social potential.

Interesting article, as it shows how San Diego is using the building of a new baseball park as a way of boosting the economic development in a "run down urban area". It talks about how most professional sports stadium builders try and say that it will boost economic development but in the end it sits there for most of the year without much economic development. This article shows how this one is different. San Diego is forcing the owner, John Moores, to build many hotels and other buildings around the area to pay back the city for helping to finance the stadium. In return it should produce economic development for the area.

This article is about India and the lack of SEZs (special economic zones). Navjot Singh Sidhu, Indian politician, says that creation of SEZs is crucial to the economic growth of India. He says that SEZs would attract foreign investors to the local area and create employment opportunities for unemployed youth.

This is a report written in 1947 regarding Keynesian economics and the main principles of this economic study. It contemplates the issues and arguments within Keynesian vs. Classical economics.

In Indonesia, where the land was once seemed to be covered by endless dark waves of treetops, almost indiscriminate logging is taking place - both legal and illegal. The irony is, this deterioration of forests in the country is actually recorded as progress. This is because the land which is cleared is used for other purposes which are considered less 'scarce'. Logically, in a country with plenty trees, the scarcity of trees will not be very high. Thus, by reducing supply of something which they have an ostentatiously an 'infinite' supply of and acquiring more scarce means of economic production, this economic phenomenon is recorded as progress in Indonesia.

This article involves the usage of economics in the degradation of the environment and how it can be applied to help save the environment.

This article talks about how environmental damaging are and should be taken in account in economics.

Recent floods and Cyclone Yasi in Australia damaged Queensland's coal and agriculture industries, reducing the country's real level of output therefore adversely affecting its economic growth. This could make the economy contract for the first time since the global financial crisis. Furthermore, The damage to agriculture industries is expected to cause a spike in food prices increase inflation over the next few months.

Keynesian economics is said to be a suitable solution for the current economic times because it solves problems that relate to labor and debt. -Michael

Although the United States' problem of mounting fiscal deficits has become common knowledge in recent years, several prominent economists have advocated for additional spending so that the current economic recovery does not sputter. Others on the other hand claim that "In the real world, any increase in government spending is going to further worsen the debt/gross domestic product ratio, meaning debt service will become more and more costly, eventually reaching a point when it is unsustainable…The United States is fast reaching the point of unsustainability - hence there is no real choice but to greatly reduce government spending."

This article talks about the nowadays of the keynesian believes