The hypothesis is confirmed that diversification can provide stable growth in a regional economy, but does not provide high growth rates. A breakthrough takes place due to intensification of specialization, as i
The internal conditions include robust economic growth, price stability, comparative advantages of international scale, and highly developed financial markets. The external conditions include foreign confidence in the stability of the convertibility regime, as well as the maintenance of a reasonable mobility...
The pros and cons of Confucian values in transport infrastructure development in ChinaPublic Managementnetworkingorganizational performancediversityChina's economic growth and the high pace with which it plans and constructs its infrastructure networks have led to a renewed interest in its decision-making ...
Consumerism is related to the predominantlyKeynesianidea thatconsumer spendingis the key driver of the economy and that encouraging consumers to spend is a major policy goal. From this point of view, consumerism is a positive phenomenon that fuels economic growth. Others view the drive to obtain m...
Misallocation of resources: If tariffs protect industries that would otherwise be inefficient or unsustainable, they could divert resources away from more productive sectors. This reduces overall economic growth and can make the country less competitive on the global stage. ...
“The problem is that the European capitalists are attempting to move towards union at a time when the general economic conditions are pointing in the opposite direction. If they could obtain a rate of growth of 5 or 6 percent, as they did during the period of upswing, then they could bri...
China’s present debt-to GDP ratio is one of the highest in the world. Its domestic consumer demand is low. So, the nation relies heavily on exports. These factors are now considerably slowing growth. China’s government is facing the necessity of instituting delicate economic reforms. Such ...
ProsandConsof Economic Growth Fostering economic growth remains at the heart of any national government’s agenda. As such‚ governments have embraced numerous strategies aimed at promoting economic growth‚ such as forging alliances‚ signing business treaties‚ and becoming members to business al...
The People’s Republic of China is a very well-liked nation. High rates of economic growth, increased population, and thriving urban centers characterize the region. As a result of the country’s rapid economic development, millions ofindividualshave relocated to China. But is it really valuable...
Potential Benefits of Working While in College Working as a student can provide opportunities beyond paying for day-to-day expenses during the semester. Student employment can also lead to benefits after graduation, experts say. "The more you work during your first year of college, th...