Its economic growth in the 19th century was sluggish, but in the beginning of the 20th century, it witnessed a rapid growth in the economy, which was stimulated by the growth in the Chinese republican revolution, the First World War and light industry. It is seen as one of the most populated countries worldwide, with a population of sixty-three thousand people. It has the world lowest birth rate of 1.11 per woman as per 2012 reports. This was contrary to the two decades ago that witnessed a higher rate of mortality in Hong Kong. As a result of low birth rate, the government has been able to plan its policies, therefore, ensuring there is a steady growth in the economy.
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What is globalization? Globalization is the development of the world on its communication and integration between countries, companies and people. According to Gunter & van der Hoeven (2004) globalization can best be split into two parts, the first being a more economic approach and the second a more policy oriented approach. The first section covers factors such as trade, investment, technology, cross-border production systems, information flows and communication. The second section covers the increase of homogenization of policies and institutions.
In this regard, studies show that famine has been reduced 20% in this period (Brownell, 2008), food supply raised 12-13% between 1960 and 1990, whereas without the new technologies food production were decreased around 20% and price was increased 35-65%. The other research in Asia shows that with 1% increase in production, the numbers of poor people decrease by 0.48% (Pingali, 2012). Furthermore, green revolution has had a great influence on labor’s life and provided opportunities for them to improve their life. In fact, this revolution has affected labors in some terms such as employment and wage. As I noted above, green revolution has increased productivity, so bulk density of generated plants enhance the need for extra labors for fertilizing, transplantation and weeding (Das,
In 2004, South Korea joined the trillion-dollar club of world economies, and is currently the world's 12th largest economy. Primarily, a system of close government and business ties, including directed credit and import restrictions, made this success possible. In 1997-1998 there was an Asian financial crisis which exposed longstanding weaknesses in South Korea's development model. In 1998 GDP was by 6.6%, and later in end of 1999 and beginning of 2000 it recovered by 9%. Because of the crises the state adopted some economic reforms.
Net income rose by 1,064% during the period, from a negative $223 million to $2.2 billion. Return on Equity increased from 4% to 23%, proving that Corning has a strong ability to generate profit and manage shareholders’ funds, while Return on Assets grew from 2% to 14%. The operating margin has improved from 21% to 18%, indicating the ability to generate increased profits. Asset turnover ratio has decreased, reflecting that the pressures from production capacity have lessened. The financial metric reveals that Corning has a strong ability to recover from debt, generate higher profits, grow and succeed
The articles state that the domestic economy grew by 7.0 percent in the third quarter of 2013 from 7.3 percent recorded the previous year boosting the 2013 first nine months growth to 7.4 percent from 6.7 percent on 2012. News in Philstar last January 2014 had an interview with Socioeconomic Planning Secretary, Arsenio Balisacan who said that, “The Philippines remains as one of the best performing economies in the Asian region in the fourth quarter of 2013, second only to China, which grew by 7.7 percent.” See? Through choosing the right people that will be leading our country expands our economic growth and secures our economic
In this case higher ratio indicates more risk than lower ratio. In KRBL the ratio in 2011 was 0.25 which decreased every year and came to 0.10 in 2013, which is a good sign to the investors, similarly in Kohinoor also the ratio decreased from 1.80 in 2011 to 0.16 in 2013. But comparing both the companies KRBL ratio is better which will be preferred by investors compared to Kohinoor. 5) Inventory Turnover Ratio: - It shows how inventory is managed in the company. It is always good in a company if the inventory increases, which shows that company is not spending more to purchase new inventory.
Local Government in Pakistan Subject: Either democracy or Autocracy is better for economic growth in Pakistan Name: Abida Khanum Registration no: 01171611008 Submitted to: Dr. Ume Laila Dated: Nov10, 2017 Quaid-e-azam University, Islamabad. Economic Growth by either Democracy or Autocracy In terms of macroeconomic performance, the country has fared considerably better during military rule. Economic growth during military regimes averaged 6.1 per cent compared to four per cent during civilian regimes. Just to comprehend the quantum of this seemingly small difference, the flood of 2010 that affected two-thirds of the country’s districts, is estimated to have affected GDP growth by two percentage points. Although all three sectors of the economy — agriculture, industry and services — performed better during military regimes, the industrial sector has been the biggest beneficiary of the military muscle and has recorded twice as much growth compared to that achieved under civilian rule.
In the 40 years after 1950 the urban sector’s share of India’s population only rose from 17 percent to 26 percent, but in the 15 years after 1990 it is projected to have risen to 29 percent. Second, urban and rural poverty rates are converging, at least if official poverty lines are used. Even though the gap between urban and rural mean consumption levels is growing, urban inequality has increased, with the result that urban poverty reduction has been slower than that in rural