ipl-logo

The Pros And Cons Of Economic Growth

870 Words4 Pages

1.0 introduction
What is economic growth? There are two ways to explain it. Frist, a country’s GDP growth rate is better than last year. Secondly, production possibilities curve (PPC) will shift outward. What are those of factors to decide PPC shift outward? Due to five factors are country resource, increasing capital, human resource, technology improvement and economy changes. Economic growth is including many reason and factor, PPC is the most important factor to effect a country economy. On the other hand, what is economic growth rate? Economic Growth Rate a measure of economic growth from one period to another in percentage terms. This measure does not adjust for inflation, it is expressed in nominal terms. In practice, it is a measure of the rate of change that a nation 's gross domestic product goes through from one year to another.
Now days, Malaysia is belong newly industrialized market economies in international market. In 1970, minerals and agriculture are the main revenue in Malaysia economy. After 1980, under the president of Malaysia Mahathir implemented National Development Policy the industry has been leading the economic growth of Malaysia. Why Malaysia can changes economics model successful? Due to Malaysia have many nature resource, a steady political situation and location.

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
RGDP 5.3 5.9 6.3 4.6 -1.7 7.2 5.1 5.6 4.7 6.0
2.0 Economics Growth

These table and line chart are showing Malaysia

Show More
Related

  • The Pros And Cons Of Raising The National Debt

    366 Words  | 2 Pages

    (1) I can see how you would say “several presidents that fit into this category but I read about two in particular.” if you are talking about raising the National Debt. Reagan more than doubled the National Debt, from$997,853 million in 1981 to $2,602,337 million in 1988 and GW Bush also more than almost doubled the National Debt going from $5,807,463 million in 2001 to $ 10,024,724 in 2007. When it comes to a discussion about National Debt, would please explain (I know you most likely will not reply) how President Reagan’s approval rating has anything to do with the topic?

    Read More

  • The New Deal Pros And Cons

    60 Words  | 1 Pages

    The New Deal did not benefited the U.S.in the long term. The New Deal was created between 1933 and 1938 by Franklin Roosevelt. He created the New Deal for people that were unemployed. The New Deal provided old-age insurances and unemployment benefits. It was also was supposed to help the families that dependent children and for people that were disabled.

    Read More

  • Jefferson's View On Economic Growth

    148 Words  | 1 Pages

    The economy changed as well, due to the revolution, because of the war period there was respect for debt, taxes and agriculture. The direction for the development of economic growth was still a quarrel between the North and the South. A good example for the Northern view point on economic growth is Alexander Hamilton. Alexander advocated for the development of an economy based on industry with a central focus on urban growth. However, Anti-Federalists or, the Southern viewpoint, thought it best to have an agrarian society that contained large slave populations.

    Read More

  • Pros And Cons Of Industrialization During The Gilded Age

    799 Words  | 4 Pages

    I choose to defend the prompt of my choice in more detail. In the 1870's, as the Civil War receded into memory, the United States became a leading Industrial power. Advances in technology and new access to the immense resources of the North American continent drove American Industrialization. This industrialization brought the growth of new American cities such as Chicago, and the arrival of a flood of immigrants from all over Europe to man the factories. During the Gilded Age, businessmen reaped enormous profits from this new economy.

    Read More

  • Ronald Reagan Tough Economic Growth Essay

    1286 Words  | 6 Pages

    Ronald Reagan: An Era of Steady Economic Growth In a time when there was a lack of jobs, rising inflation, and an energy crisis all affecting the country, there was no doubt that Jimmy Carter, the sitting president at the time, would clearly be challenged by his opponent, Ronald Reagan. Reagan, a former governor of California, was known as a great communicator from his days being a governor. Reagan, who was best known at that time for the time he spent as a Hollywood actor and governor, came from humble roots, born and raised in a small apartment without running water and indoor plumbing. Later on, Reagan attended Eureka College in Illinois.

    Read More

  • The Pros And Cons Of The Gilded Age

    278 Words  | 2 Pages

    Throughout the Gilded Age, there were many advancements in technology and the business industry due to business men like Carnegie, Rockefeller and Vanderbilt. But many believed greed and gluttony of American society outweighed the positive side of the Gilded Age. As said by Mark Twain, the term “Gilded Age” refers primarily to the middle-class experience of the time. Even for the duration of the Gilded Age there was great economic depression. Along with how African-Americans were betrayed by the false promises of Reconstruction.

    Read More

  • Compare And Contrast Dutch East India And British Indian Company

    923 Words  | 4 Pages

    Despite the factors that I mentioned above, the main factor for certain countries was gaining economical power. If we look through to the world

    Read More

  • Economic Growth During The Gilded Age

    760 Words  | 4 Pages

    The Gilded Age was a period economic growth as the United States strived to the lead in industrialization. The nation was rapidly expanding, not only its borders, but also its economy, industry and big business rising fast. Many were enthusiastic about this industrialization, and those who were fortunate, rose to the top. After the Civil War, many started to move out west, looking for land and job opportunities. Railroads, often called the first “big business," took advantage of this westward expansion.

    Read More

  • The Pros And Cons Of National Debt

    757 Words  | 4 Pages

    The national debt is growing by the second. The United States is 20 trillion dollars in debt. The largest portion of the debt is money that the government owes itself, borrowed from Medicare and social security. Debt is different from the deficit, deficit when the government plans to spend more than they have yearly counted. Debt is the accumulation of deficit.

    Read More

  • Economic Growth During The Gilded Age

    655 Words  | 3 Pages

    Following the end of the Civil War, industrialists’ new inventions and the accessibility to natural resources created an industrial boom. Economic growth spurred for the industrialists; however, growth came with huge risks for industrial workers. A factor that contributed to America’s astonishing economic growth in the late 19th century was the conditions of labor that were dangerous to health and the increasing exploitation of industrial workers. Life in the other half during the Gilded Age resulted in unsanitary work and clustered living conditions. In hopes of having a temporary escape from the grueling workplace, people incorporated the use of past timers to help cope during the Gilded Age.

    Read More

  • Nike Economic Factors Analysis

    787 Words  | 4 Pages

    The Economic factors are determinants of an economy’s performance that directly impacts a company. These factors include inflation rates, interest rates, exchange rates and economic growth. These affect how businesses operate and make decisions. The economic climate in the country is of major concern to every company as it has impacts on the business and consumer spending. For example, the exchange rates can affect the costs of the supply and price of imported goods and exporting goods in an economy.

    Read More

  • Macroeconomic Factors Affecting Apple Company

    2241 Words  | 9 Pages

    are all the economic factors. The ability of people or purchasing power of Apple products is targeted from medium to high class. Economic factors effect Apple Company’s business process as Apple is recognized internationally. The products components that the company gets from foreign suppliers play an important role because of the exchange rates and currency differences.

    Read More

  • Advantages And Disadvantages Of Government Intervention

    1195 Words  | 5 Pages

    1) Government may intervene in a market in order to try and restore economic efficiency. One of the ways the government intervention can help overcome market failure is through the introduction of a price floors and price ceilings. If prices are seen to be too high, price ceiling or a maximum price could be imposed on a market in order to moderate the price of the product. This policy is often used when there are concerns that consumers cannot afford an essential product, such as groceries. The effect of a maximum price could create a shortage as it could lead to demand exceeding supply for that particular good.

    Read More

  • Disadvantages Of Economic Growth

    1571 Words  | 7 Pages

    INTRODUCTION Economic growth is defined as the increased capacity of an economy to be able to produce goods and services in comparison from one period of time to another. This is figured by the genuine Gross Domestic Product (GDP) and development, and is measured by utilizing genuine terms such as “Balanced Inflation”. These terms help to remove any distorted views on the perceived outcome of inflation on the cost of merchandises produced. Likewise, Economic growth is related to the high expectations in a person’s standard of living. If the standards are high, it wouldn’t be beneficial for the economy as the working class individuals will face a lot of trouble.

    Read More

  • Factors Affecting Macro Environment

    1022 Words  | 5 Pages

    These factors include sociocultural, technological, political-legal, economic,

    Read More

More about The Pros And Cons Of Economic Growth

Open Document