There are several reasons why India is a poor country. Some have historical roots and others derive strength from socio-political structures. Lack of effective governance and corruption has only sustained Indian poverty.
This occurs more frequently when both currencies havemanaged exchange-rateregimes rather than market-determined floating exchange rates. Even if a currency war does not break out, a country should be wary of the negatives of currency devaluation. Currency devaluation may lower productivity, since impor...
has risen spectacularly. China and Russia together are expected to account for not far short of 25% of global GDP by 2030. Whereas Russia's contribution may be as low as 2% due to an exceptionally poor record of annual growth, some 5-6% lower than the growth seen in China and India. ...
If you look at the most successful companies, they have grown vastly ahead of average GDP growth. The best companies in India grow at 25 to 30 percent a year. Some of the best banks in India have grown north of 20 percent a year for 20 years in a row. Video The keys to business...
Briefly explain why the high rates of unemployment in a nation are of concern to economists. Why has unemployment in India hit a 45 year high while the economy continues to grow? What is a recession, and a reason why one may occur? Why does the inflation-unemployment trade-off disappear ...
Why does the economic growth model predict that poor countries should catch up to rich countries in income per capita? Have poorer countries been catching up (converging) with richer countries? Explain What are the reasons why a small country might not get the gains of trade?
low relative to the wages of rich people, the system cannot work. Poor people find that they must spend nearly all their income on food, water and housing. As a result, they have little left to pay taxes to support basic governmental services. Without adequate demand from p...
Richard Dobbs:Business can play a very important role in helping to address this; it’s not just governments. First, business can help drive productivity and drive economic growth. There is a benefit to everyone if we have high growth. The rising tide does lift all ships here, and business...
Out of the 47 countries we track, 21 have positive performance, 25 have negative performance and one (India) is flat for the year $8.7 trillion of global negative yielding debt has evaporated as global interest rates have risen. When the year started, the market expected U.S. poli...
Why is France revenue more than India while both have almost the same GDP? Why do policymakers respond so slowly to economic problems? Why should a republican dictate economic policy? Why can't an economy generate its own aggregate demand when needed?