Group items tagged

This article is just one out of many which focus not on economic development but on economic growth. I have to admit that I am occasionally annoyed by the fact that most emphasis is always put on the pure increase in the real GDP or share of an industry relative to the country's economic performance. I think we should much more often apply a more expansive review of the economic growth, which is economic development. The latter tells you a lot more about the health, education, and income factors and can serve a very useful purpose in the context of what I call "holistic growth" that comprises different elements, not just purely economic performance as such. While I am happy to hear that Switzerland is doing great and its largely highly skilled workforce based economy is in the expanding phase, I am much more eager to hear how people have more disposable income, better healthcare system,... which is fortunately the case for Switzerland, however, also the perpetual growth in Switzerland has been faced with an increasing fear of possible rising unemployment rates.

"At the heart of India's skewered development story lies the paradox between India's phenomenal GDP growth and its abysmal score on human development." And this is exactly what captures the idea of HDI as a composite indicator of economic development. India is the proof that despite enormous economic growth (GDP growth), there has been no economic development. Although HDI has its drawbacks and presents a skewed image of the reality, the educational and health perspective each correctly depicts the Indian situation, making India one of the countries with the least HDI.

The article talks about the economic development in Tennessee

This very brief CNN article informs that the general economic growth of Africa as a whole is expected to rise with approximately 6-7% in the future. Following the third world countries and their economies isn't the same as following wealthy countries and their respective economies, as the negative factors aren't considered as much in third world country as their level of development in the economy can't really be compared to i.e. Germany. The growth is vital, and highly benefits.

This article is about increased foreign direct investment to China despite its weakening economic growth. Not only does China receive inflowing FDI, but it also invests outflowing FDI into other places such as Japan. The investment comes even as China's economy show signs of slowing from the stellar growth rates of years past as the government looks to shift the emphasis to structural reform rather than growth for its own sake. One pillar of the reform drive is to make the economy driven more by the service sector and consumers, ending its traditional reliance on investment and exports for growth. The obvious reason why foreign-based MNCs want to invest into China is because of increasing sales or decreasing their profits. The question is what kind of pull factors China has to attract such high levels of FDI. Stable economic environment, political environment, low labour costs are primal reasons.

"Burma, also known as Myanmar, has been implementing economic and political reforms, resulting in various sanctions against it being lifted." The Asian Development Bank has approved loans for Burma after sanctions had been put on them.

This article elaborates on the fact that Burma is in dept and it's been not recognized for loans. Burma is on of the poorest countries in Asia and it suffers highly under the it.

This article offers a short analysis of the Chinese export promotion: outward-oriented strategy to bolster economic growth with some causes for its slowing down. But export promotion is not sufficient to promote development and to ensure the sustainability of the growth-led process. Although China is a star of export- or outward-oriented strategy, there are some possible disadvantages as well, including dependence on foreign demand or worse income equality or environmental degradation as well as undermined care for social safety net. Export-oriented growth is a perfect example in economics that there are no absolutes and that everything is not white nor black but gray.