Question
In: Economics
What are the prospects and challenges of the world economic growth?
What are the prospects and challenges of the world economic growth?
Solutions
Expert Solution
Soln. The prospects of the world economic growth are listed below -
1. Global growth rate is expected to remain at 3 percent for the years 2019 and 2020
2. The world economy is going through a confluence of risks, which could impact economic activity and inflict significant damage on longer-term development prospects globally.
3. Major risks as highlighted in point 2 above includes trade disputes and differences among nations, certain and abrupt changes in financial conditions, and some natural occurring phenomena such as intensifying climate risks.
The challenges of the world economic growth are listed below -
1. Faster growing economies are facing increase in inflation as a result of increase in demand ahead of aggregate supply.
2. Fast global economic growth results in severe environmental concerns such as the depletion of the global resource base and the impact of global warming, a huge expansion of waste and pollution, over-population etc.
3. Global economic growth also results in increased income and wealth inequality.
Rahul Sunny answered 1 year agoRelated Solutions
Being a franchisor seems to be a mechanism for growth, but what are the growth prospects...
Being a franchisor seems to be a mechanism for growth, but what
are the growth prospects for entrepreneurs that are franchisees?
Isn’t the entrepreneur limited in his or her ability to pursue all
the different types of growth strategies? Is being a franchisee
simply substituting one type of employment for another type of
employment? How can a franchisee grow his or her business (es)?
Characterize world economic growth post 1960
Characterize world economic growth post 1960
Discuss the growth prospects of the Canadian economy in the next two years. What growth strategies...
Discuss the growth prospects of the Canadian economy in the next
two years. What growth strategies would you recommend? (Keep in
mind the structure of the Canadian Economy and the fact that it is
an open economy.
Credit is the fuel that lubricates the Economic Engine of Growth in the World. It is...
Credit is the fuel that lubricates the Economic Engine of Growth
in the World. It is an important economic phenomena. However,
reckless Credit is like an uncontrollable wildfire when ignited
will consume any gains on its path. Discuss this in the light of
Individuals, companies, banking & financial sectors of a
country as well as the world as a whole.
What challenges will the U.S. economy face given a higher debt limit for future economic growth?
What challenges will the U.S. economy face given a higher debt
limit for future economic growth?
Economic growth Definition What factors cause economic growth? What is the role of productivity in economic...
Economic growth
Definition
What factors cause economic growth?
What is the role of productivity in economic
growth?
Determination of the full-employment
quantity of labour in the labour market
Understand the role of the full-employment quantity of
labour in determining potential GDP and in economic
growth.
Define Economic growth? What are the factors that influence economic growth? What the benefits and the...
Define Economic growth? What are the factors that influence
economic growth? What the benefits and the determinants of
economics growth? What are the government policies to speed
economic growth?
Economic growth a. According to the Solow model of economic growth, what determines the growth rate of...
Economic growth
a. According
to the Solow model of economic growth, what determines the growth
rate of real income per person in the very long run (steady
state)? Explain.
b. What public
policies have been proposed to increase the rate of economic
growth? Explain.
There is much controvery surrounding economic growth in third world nations. (The term third world comes...
There is much controvery surrounding economic growth in
third world nations. (The term third world comes from the notion
that the country is not developed like Western nations and not part
of the communist bloc of nations.) Pick one third world country to
research. How have the government policies either helped or
hindered development. If development is lacking, what needs to
change to make development occur? Use economic terminology and
theory to support your argument. the country is
Somalia
There is much controvery surrounding economic growth in third world nations. (The term third world comes...
There is much controvery surrounding economic growth in
third world nations. (The term third world comes from the notion
that the country is not developed like Western nations and not part
of the communist bloc of nations.) Pick one third world country to
research. How have the government policies either helped or
hindered development. If development is lacking, what needs to
change to make development occur? Use economic terminology and
theory to support your argument. the country is
Somalia
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- The equivalent synchronous impedance of a 25kVA, 400V three-phase Y-connected synchronous generator is 0.05 + j1.6...
- You have $100,000 to invest in either Stock D, Stock F, or a risk-free asset. You...
- In two or three sentences, explain how you have seen the concept of grit work in...
- You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent is Bella Co.,...
- Parallel Arrays This question is in MindTap Cengage Summary In this lab, you use what you...
- 5. You have invested 30 percent of your portfolio in Jacob, Inc., 40 percent is Bella...
- JAVA Write a test program that prompts the user to enter a series of integers and...
ADVERTISEMENT