Category: Economic Growth

Between the 1870s and 1900s, the United States underwent major changes that led to the increase and growth of big businesses. This was a big turning point for the United States. This led to our economy becoming one of the best in the world. Some things that led to this increase in industrialization were technological…

Economic growth should be a positive force for the whole planet. This is why we must make sure that financial progress creates decent and fulfilling jobs while not harming the environment. We must protect labor rights and once and for all put a stop to modern slavery and child labor. If we promote job creation…

In order to explain the balanced growth path using a general Solow economy, I have chosen Ukraine as a developing economy as it is a great example of a country in Europe that struggles economically and fits the Solows model of economic growth. Solows model shows that the rate of savings in the economy determines…

From the 1870s to the 1890s, the United States entered a period of dramatic change and rapid industrialization. The economy was gradually shifting from agrarian to industrial and urbanization was happening at an exponential rate. Mark Twain named this period the Gilded Age and described it as a time during which greed and political corruption…

Introduction The main findings affirm the positive effect of the improvement of the life insurance market on economic growth. With the expanded model, the insurance-growth nexus varies across nations with different conditions. For example, the positive effect on economic growth is mitigated within the middle-income nations, but amplified within the low income nations. Moreover, both…

Malaysia is a Southeast Asian country, occupying parts of the Malay Peninsula and the island of Borneo. It is known for its beaches, rainforests and mix of Malay, Chinese, Indian and European culture references. Its capital is Kuala Lumpur. In 2021, Malaysias population is 33.42 million, it is an undeveloped country. Malaysia is very special…

To begin with, the key question for modern growth, however, is this: Does mercantilism still exist?. In many developing nations, under one-party rule or managed by huge bureaucracies guided by industrial policies, the answer is undoubtedly, yes. On the other hand, in the modern economies, where tax reporting and collection are fairly efficient, mercantilism is…

The boom of South Korean pop (K-pop) originally expanded to few Asian countries in mid-1990s; however, in early twenty first century, it has gained global popularity in the twinkling of an eye. The latest BTS  a Korean idol group which consists seven boys – got the first place on Americas Billboard album chart (Dal…

Economic growth around the world has meant countries has been able to develop at an exponential rate, particularly those economies in third world countries. Gross domestic product or GDP gives an indication of the countrys economic situation. Many economists would use gross domestic product to provide figures to help determine the rate of growth and…

Shockingly, 57 million children across the world don’t have a school to go to. This is atrocious for the kids as well as the country they are in because without formal education it is hard for a country to develop. This information arises the question of how access to quality education positively impacts children as…