Group items tagged

This article is about the rapid economic growth that New Delhi (India's capital city) had undergone. India's economic indicators are very poor such as life expectancy rate, education and per capita income. Majority of the population of India is illiterate and may children drop out of school in order to earn money for the family. The average number of years a person spends in school in Indian is 4.4 years whereas the global average is 7.4 years. The PPP in terms of Indians was less than a third of the world average. Life expectancy rate has increased in Indian by about 9% which is a big development.  

This article describes and defines several different types of different economic growth including export-led growth, import-substitution and a new model based upon economic demand which was formulated for the current economic troubles.

This article discusses the Nigerian currency being artificially adjusted, and the ffects and such. he article integrates both economics and "economic philosophy" in an interesting way, as it is very much based on opinion backed by figures.

This article discusses how China and other Asian countries have used export-led strategies to increase their economic growth. This article examines the notion that these countries, China mainly, have been using illegal practices to achieve economic growth. In reality they are using fair strategies that are working very well for them.

This article describes the economic development index and highlights the use for it.

This article discusses Greece and Italy's debt and the recent economic downturn in Europe in fear of bankruptcy in Greece and other countries. This article discusses the bailouts put into place and how investors are reacting to the economy.

Federal Reserve Chairman of the US, Ben Bernanke, suggests that Europe must continue to aid banks even as the strains of economic downturn have been uplifted somewhat. The reasoning behind this is that if the banks are aided somewhat, they will have a larger margin for error and prevention of bankruptcy.

This article discusses the consequences/effects of different exchange rates and how undervaluation, which is when the value of a currency is marked lower than what it actually should be, can spur economic growth in a country.

This article discusses a meeting that will go on amongst EU representatives. They feel that the economy is not doing as they'd hope and plan to use various strategies including inward investment and export-led strategies to improve economic development and growth.

This article discusses how poverty in Nigeria is leading to a lack of education and thus many young people are turning towards extremism. There has been an increase in violence between different religious groups, which is keeping Nigeria from economic development.

This article show the extremely high rate of poverty in Nigeria. This poverty rate has increased by 6.3% in the past in the past 4 years. Efforts to decrease this poverty have all but failed and the gap between the rich and the poor continues to increase.

This article is about how Pakistan is back into its state of crisis. Pakistan is using their resources but there are obstacles on the way to development. One such obstacle in this article is the government which leads to corruption. The Pakistani government cannot be relied upon as it is because of them that the economy is in such a bad state. The rich get richer and the poor get poorer. The TOT has improved for the agricultural sector in the rural areas but in the urban areas the poverty rate is increasing by a lot. This is another obstacle. The government is spending much more than what it is able to collect by way of taxes. In 2011 the tax rate dropped significantly and is the lowest among all developing countries, but this did not stop the government to reduce their expenditure.