In 2015, China’s growth was again at the center of international headlines, but the focus was instead on the slowdown of the world’s second-largest economy. Much has been made of China’s adjustment to the “new normal,” even as US-China Business Council (USCBC) companies reported ...
Economic Growth for Many Countries Dependent on Obese U.S. Trade DeficitThe massive U.S. trade deficit, which has rapidly developed overthe recent period of economic...Volcker, Paul A
And, since the Chinese economy is increasingly dependent on consumption and services, a squeeze on companies ultimately ripples through to incomes, consumption, and overall growth. A lot of recent news reports have led many to believe that the trade spat between the US and China is leading to ...
How can we end the dependency on economic growth and focus instead on people's wellness growth?Economic Growth:Economic growth is a term used to define the growth of the country in terms of value of its goods and service. Growth of economy is important for the ...
Using an empirical approach that provides a robust lower bound on the persistence of impacts on economic growth, we find that the world economy is committed to an income reduction of 19% within the next 26 years independent of future emission choices (relative to a baseline without climate ...
aTechnological development and the economic growth dependent on it have brought about great changes in the economic systems which were described by the classical economists. Production has been concentrated into a few large corporations, such as the oil companies and the automobile producers. At the ...
On the one hand, growth is a function of something more than the ability to borrow the latest technology; on the other hand, it is not clear that productivity must always grow at a slower rate in the service industries. A rapidly increasing population is not clearly either an advantage or...
Little has been said about foreign trade. Yet growth in most economies is very much dependent upon imports and the ability to export in order to pay for imports. The fact that some economies recovered relatively quickly from World War II and grew much more rapidly in the postwar period than...
Management of the global commons slowly improves, educational and health investments accelerate the demographic transition, and the emphasis on economic growth shifts toward a broader emphasis on human well-being. Driven by an increasing commitment to achieving development goals, inequality is reduced ...
Improved technology allows workers to produce more output with the same stock of capital goods by combining them in novel ways that are more productive. Like capital growth, the rate of technical growth is highly dependent on the rate of savings and investment because they're necessary to engage...