Got a tricky question? Receive an answer from students like you! Try us!

Macroeconomics - Economic Growth - Essay Example

Only on StudentShare
Author : johannachamplin

Summary

Its advancements have been driven by wages, increased consumer markets and investments (China Central Television 2014). Other factors include social, political, technological and economic factors…

Extract of sample
Macroeconomics - Economic Growth

Most of the regional developments have been caused by local and international investments. Research has placed China among the top countries with increased industrial developments. Economic leaders have ensured friendly policies so that investors can start businesses in local areas. Finance has also been offered to local investors with business ideas through the sale of bonds by local governments.
The regions act as economic blocks where production and trade is regulated (China Central Television 2014). Free trade and a large capital and human resource have contributed to most of the economic developments in China. Industries in these regions range from electronic companies to designer clothing firms. They provide job to locals leading to middle and upper class lifestyles. China’s high population has been advantageous in the provision of local markets (China Central Television 2014). Most of the produced goods are sold locally while the national government invests in exports as a source of income. Reliance on internal sources of raw materials has also enhanced the country’s economic stability because economic meltdowns in other countries do not cause a chain reaction. Despite its high population, presence of skilled labor and investment programs has led to job creations leading to better lifestyles that are a sign of economic development.
China Central Television. (2014, May 29). China pursuing coordinated regional economic development - CCTV News - CCTV.com English. China pursuing coordinated regional economic development - CCTV News - CCTV.com English. Retrieved May 30, 2014, from ...
Download paper

Related Essays

The nternational economic forces
This essay discusses that in European countries global economic factors and international economic conditions have been creating significant impacts on their various economic conditions. After the World War II economic conditions of these countries have been changing to great extent and these economic conditions are increasingly becoming dependent on international economic as well as financial factors. Governments and economic policymakers of these countries have been trying to implement various economic policies, including both fiscal and monetary policies aimed at reducing the level of…
9 pages (2259 words)
Long-run U.S. Economic Growth
Real GDP moves around the potential GDP. This is how GDP can be measured from the supply side. Again from demand side perspective GDP is determined by total consumption, investment and government expenditure in a closed economy and by an additional component called net exports in open economy. It has been statistically proven that industrial growth of a nation is closely associated with GDP growth. Also, industrialization forms the platform for structural changes in imports and exports. The economic developments underwent by the United States exemplifies how an underdeveloped economy could…
20 pages (5020 words)
Fiscal Policy and Economic Growth
1.2 Models and concepts This article is analyzed on the basis of managed floating regime rather than currency exchange system i.e. all models have been included in the analysis in a floating diagram in order to support the floating regime of exchange among the countries. Multi-state markov have also used to study the article in authors perspective. It works on the basis of continuous time frame and studies the duration of regime. Financial liberalization indicator is used in graphical representation to identify the development of various sectors. 1.3. Analysis In the exchange rate regime, the…
5 pages (1255 words)
Economic Portfolio - Economic Growth
Usually, the monetary policy is executed by the central bank, through its capacity as the financial sector regulator or through its participation in the government deficit financing and open market operation. Both the Fiscal and monetary policies are very essential not only due to their macroeconomic implications but also they are important in determining the policy remit of the state, direction and level of economic transfers which intern influence the overall distribution of wealth and income as well as the level of economic activities and the structure of employment. According to Keynesian…
3 pages (753 words)
thinking like a economist the basic vocabulary of the field
The position on the supply side is that college education instills the knowledge and ability the individual requires in attaining the desired quality of human capital. Additionally the demand side of college education on human capital provides that college education establishes an environment for research and development, and as such, the practicality of the human capital develops. These research and development activities require human capital and, therefore, the human capital available in colleges employed to accomplish this (Frank, New York Times). However, in order to produce an economy…
3 pages (753 words)
Macroeconomics
Conversely, a major concern with the growth is whether it is sustainable which brings into focus two important factors. This includes the emerging countries ability to maintain a stable growth, and whether the global economy can sustain the growth evident in emerging countries. It is important to note that while emerging countries can maintain their stable growth, this growth cannot be accommodated by the global economy. As a result of emerging countries still undertaking the process of catching up in terms of growth, these countries still need to engage in a continuous and a challenging…
3 pages (753 words)
Macroeconomics- methods of Economic growth for Singapore and Hong Kong
The prices of goods offered by the economy have determination in a free price system (McEachern, 2012). The nations should look for the products and services that people are interested and focus on building them. Today, large nations that control the world’s trade depend on market economy since it is where they control and participate in both exports and exports. Singapore and Hong Kong are some of the new nations that have come of age and adopting the market economy to not only increase their competitiveness but also give it an economic advantage. Additionally, taxation laws are another way…
4 pages (1004 words)