Question

What are the trends of global growth? What are the trends in the U.S.? Positive? Negative? Do you see a relationship between education and growth in this country? What other factors affect economic growth? What do you expect to happen in the future?

Answer 1

Ans ) There is downward trend in the global growth because of the slowdown in the growth of some countries and no growth in some countries the reasons are well understood because of the protective measure adopted by the major economies of USA, China specially with the advent of trade wars which aims of achiveing the positive balance of payment and to protect local industry.Brazil and some latin American economies now feeling the heat of recession along with the developing economies like India started to slowdown the European econonies alongwith Britain are fighting for resistence due to the fact of pulling out Britain from European Union.The middle eastern economies are showing slowdown due to Political conflict. Japan economy is facing he problem due to the increasing old population.There is a great relationship with education and the growth of a country higher and specialised education gives the workforce a powerfull weapon to fight in the world growing competition through innovation and adds to the competitive advantage for the country we can take the exampleof USA and Uganda republic which are at the most extreme the educated workforce of US is the greatest asset in the form of human resources , they are more productive and skillfull hence are capable of prodicing a high technological products with great demand in the world market as compared to very less skillfull workforce of Uganda.The factors that affect economic growth are the availibility of natural resources the political system with democratic form of government there is a huge scope of development then other forms . The future depends upon the mindset of the people towards the planet status which has worsen over the period of time.There is pollution problem , the degradation of natural resources as well as the deplition of natural resources these are or will be the forces which will unite people and lead to co-operation.The greed will lead to destroying the economy of the world .