Open economy as a way of coming out of the tranzition and etering the developed world-example of CroatiaCroatiaway out from krisetranzitionstrategy of developmentglobalizationprogressgrowht societyopen economyCroatia, like a hight part of other ex socialistc country, is unprepared become the process...
Physical capital may include additions in equipment, machines, or buildings. It leads to larger amounts of capital per worker, which results in increased productivity. The accumulation of physical capital is fundamental to economic growth and important in all areas of the economy, from a factory t...
Noting that China is at the center of global supply chains and makes the world economy more vibrant, Colakoglu said that decoupling China from the global supply chains for political reasons will create unpredicted troubles for global economy and pose challenges to the global system in general. ...
These professionals often have the skills and ideas to significantly boost the economy,whichis important to improve the standard of living of its residents.(relative clause) The loss of these workersis whydeveloped countries keep improving,whilethe poorer countries remain stagnant.(noun clause and adv...
But more and more of these losers will be in the West, Economists in the developed world used to love quoting Jonoph Schumpeter, who said that ‘creative destruction” was an essential part of capitalist growth. But they always assumed that destruction would happen over there. When Western ...
2009. Eventually the growth began increasing, and by the end of 2010, GDP had its first actual growth from pre-crisis levels. These increases coincided with the beginning of a recovery from the Great Recession. That is why many people look at these figures for signs of the economy’s ...
This challenge can stifle established local industries or result in the failure of newly developed industries there. Countries with advanced education systems tend to adapt rapidly to a free-trade economy because they have a labor market that can adjust to changing demands and production facilities th...
In particular, about 52 percent of the growth is accounted for by an increase in the effectiveness of accessing ideas developed by the technology leaders through improvement in our educational quality and increase in machinery imports and foreign direct investment from the G5 countries. We also ...
The purpose of the work is to identify the peculiarities of improving the competitiveness of the country with small open economies (on the example of Georgian economy). Methodology/methods. The work uses the methods of analysis, synthesis, and comparison; however, factor analysis and methodological...
Positive economics refers to objective analysis in the study of economics. Most economists look at what has happened and what is currently happening in a given economy to form a basis for future predictions. This process is known as positive economics. Positive economics is different fromnormative ...