Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Macro and Micro Economics: Comparative Case Studies - Term Paper Example

Comments (0) Cite this document
Basically economic indicators have two main purposes; first to analyze how well or poorly an economy is doing and secondly, predictions of future performance of an economy can be based on the same information…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96% of users find it useful
Macro and Micro Economics: Comparative Case Studies
Read Text Preview

Extract of sample "Macro and Micro Economics: Comparative Case Studies"

Download file to see previous pages Japan
All around the world, this is one of the countries known to have one of the greatest economic growth and equal distribution of income. Research has it that this growth began in the postwar period from 1955. Between this year and 1973, there was a rapid growth in the GDP at 8% but later, the GDP per capita was at 3%. Most of this growth has been attributed to the increase in the manufacturing sector. Various spheres of human development also improved greatly during this period, for instance; infant and maternal mortality rates declined such that by 1993 it was one of the lowest in the world.
Some researchers say that over the past decade, japan’s economy has been stagnant due to poor population growth, debt, deflation and natural disasters. According to Buttonwood however, the growth per capita over the last ten years is at 1.6% greater than that of the United Kingdom, Germany, France and even America ( Apparently, Japan has plans to start trans-pacific partnership trade to increase its economic growth. Another indicator of economic growth is the Human Development Index, currently in Japan; it is at 0.901, the 12th out of 187 countries. The purchasing power parity according to the wall street journal is 1$= 110.784 yen.
The main industry in Japan is the manufacturing industry inclusive of electronics, automobile, biochemistry and optical media. Agriculture is not that well developed due to lack of farming land. These two industries provide the population with employment and according to the economist, in 2008, the ratio of job offers to applicants is at 0.59. However, the low birth rate is troubling this economy due to the high probability of lack of available indigenous work force in the next few years.
Japan is known to be one of the easiest and best places to do business due to its low tax rate. India This is one of the members of G-20 countries, an upcoming economy. Currently, its economy has an expectation to expand by 8.5% (the Economist). The increase in the workforce is one of the reasons why there is a high expectation in its economic growth. The growth national income per capita has been seen to triple at a percentage of 13.7% according to the wall street journal. Human development index in India is still questionable but expectations of improvement are very high. When it comes to nutrition, half of the population is malnourished; housing is in a pathetic state with the most modest houses being 9.6 meters squared in rural areas (The Economist). The health sector has been dealt the same fate with rural population having less access to health services and those in the urban areas not affording it. Infrastructure, one of the indicators of growth, is in a bad state in India. Previously, only the public sector was in this field and its inefficiencies are seen by the lack of infrastructure. In fact, 600 million people have no electricity, 66% of the population has no clean drinking water and the transport network is not in a good state either. However, this is rapidly changing as most of this industry is now becoming privatized and thus more efficient. In as much as the country continues to grow at a rapid rate, the wall street journal says that the annual GDP growth has reduced in the past year from 9% to 8%. This has been attributed to the recent terrorist attacks, political instability, and strict policies on its macroeconomics which has lead to a drop in investments. As stated above, one of the indicators of the economy is equality in income. Unlike Japan, India has great economic disparities with approximately a third ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
(“Macro and Micro Economics: Comparative Case Studies Term Paper”, n.d.)
Macro and Micro Economics: Comparative Case Studies Term Paper. Retrieved from
(Macro and Micro Economics: Comparative Case Studies Term Paper)
Macro and Micro Economics: Comparative Case Studies Term Paper.
“Macro and Micro Economics: Comparative Case Studies Term Paper”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Macro and Micro Economics: Comparative Case Studies

The Case of R v Turnbull

The defendants planned to rob a bank’s customer deposits in the bank’s safe by posting a notice diverting the dropbox to another location, which they planned to burgle. Several customers did, in fact, drop their wallets loaded with money into the dropbox, however, one customer was suspicious and alerted the police. The strength of the prosecution’s case rested on the visual recognition provided by a police constable who clearly saw one of the defendants removing a sign from the bank premises and recognized him. On this basis, the court of appeal concluded that the appeal of the defendants could not stand. It was held that if visual identification had been the only evidence, the outcome would not have been definit...
10 Pages (2500 words) Case Study

Managerial Economics and Business Environment

Once the above said subject matter is clearly sorted out, the next emphasis would be on the concepts like the opportunity costing, incremental principle, marginal principle, discounting principle, the principle of time perspective, and calculation of economic profit as the guidelines to the scope of managerial economics. (Surender. V, 2008).
To start with, we consider a firm for which different processes have to be carried to achieve its objectives of profit maximization (assuming that all the organizations work with the view to maximize profits). If firms from different sectors are identified simultaneously, then the working of the economy as a whole could also be analyzed which in turn is useful in the decision-making proce...
15 Pages (3750 words) Assignment

Law Studies: Disposition after the Death

One of the first things that Abelard needs to do is to make sure his wishes are expressed in his will. He may also want to name a close and trustworthy friend to be the executor of his will such that that individual may interview the children of Abelard at the time of his death in order to make a subjective judgment as to whether the children are in fact followers of the Christian faith or if they are only claiming to be. In the event that the children have deceased, then Abelard’s furniture is to go to a museum that may also be executed by Abelard’s chosen executor. In addition to naming the executor, it is critical that Abelard ensure that communication regarding his exact intentions is in detail, within the will and...
7 Pages (1750 words) Assignment

A Comparative Study of the Origins of Ethical Thoughts

Do you know what they dug out? -- Wires! It proves that two thousand five hundred years ago, in the age of Pericles, the Greeks had telephones”. The Jew laughingly retorted: “Recently they were digging in Jerusalem. They dug out nothing. This proves that three thousand years ago when Solomon was the king of Judea, the Jews had the principle of wireless!”

ETHICS AND DIVERSE DEFENITIONS: One of the Dilemmas of the civilized human society was the fight between the soul and the flesh or rather the body and desires. The question is how to divert human energy in an intelligent, controlled way? Searching answers to this question one lands in the premise of ethics, personal as well as social. Ethics (English)...
11 Pages (2750 words) Case Study

The Idea of Liberty in Sam Slime Case

... Sam Slime This could certainly be the case of the rich get richer and the poor go to jail, especially in a country that is trying to serve many masters. The government of the United States is certainly a political and governmental entity, but at it heart it has almost always been a voice of corporate business and expansion of wealth for the few. It operates seemingly under the principle guise of what is good for business is good for the people. One could say that the state of the economy today is the fallout of this mindset. In the “Sam Slime” case study we see the idea of liberty as applied by several masters. The first, when Sam Slime mugs you outright is a matter for governmental law and order. Cleary there is a criminal (Sam...
8 Pages (2000 words) Coursework

Analysis of OReilly v Mackman Case

Judicial review is a concept which is constitutionally undecided as it on one side, it shores up the rule of law, democracy, and pre-eminence of parliament by facilitating the courts to check the boundaries of government authority and on another side, the courts are open to the decision on the plants based on the fact of separation of authorities that are intimating with the verdicts of democratically elected institutions. Judicial review is not apprehended with the virtues of government assessment but deals with whether the deciding authority has remained within the legal boundaries and whether broad principles of rationality and fairness adhere. The constitutional basis of judicial review is debated as one view holds that it is...
8 Pages (2000 words) Case Study

Comparative Family Analysis

The second component of this essay will be a comparative analysis with the American family to the Arab family, generally speaking, but also clearly described by Homa Hoodfar, in her book Between Marriage and the Market. This essay will discuss the impact of globalization on different types of families in different societies and cultures. The terms ‘traditional’, ‘modern’ and ‘postmodern’ will be defined, elaborated upon and discussed on a continuum of change. Social change, in the face of globalization, will be discussed in relation to how cultures and families have grown or resisted the forces of globalization. We now turn to an exploration of the types of families in the world and follow...
6 Pages (1500 words) Coursework

Analysis of Tourism and Hospitality Law Case

 The main issue that needs to be tackled first is whether there is a valid contract between Richard Brat, carrying on trade as Brighton Greens, (buyer) and Molly and Kelly trading in First Grade Granny Smith apples as Holy Farm.

Apparently, there was, when considering their verbal and written mail sent by Richard to Holy Farm on August 1 reading as follows –“Please deliver 20 boxes –Granny Smith ‘Brighton Greens’. Cheque mailed.“

It may be seen that the mail order does not specify the category or grade of apples to be supplied, but one of the implied conditions of sale could be that the goods ordered need to correspond with the goods inspected and tested.

In th...
8 Pages (2000 words) Case Study

International Security Studies: Examination

Globalization affects international security in the sense that problems involving terrorism, the environment, religious extremism, weapons of mass destruction, and the economic crises have become more universal and widespread in character (Ivanov “Article”). As a result, these issues pose a greater threat to national and international stability and safety. More lives are now affected by threats to international security; these threats did not seem too ominous before the entry of globalization. Consequently, some extremists justify the use of mass weapons of destruction in order to guarantee their security. And as globalization continues to expand and to grow bigger as a phenomenon, threats to international security are...
7 Pages (1750 words) Assignment

The Key Macro Factors that Have Influenced the UK Grocery Retailing Industry since the Early 1960s

...1. Assess the key macro factors that have influenced the UK grocery retailing industry since the early 1960s. The concept of organisational change is inherently intertwined with external threats and opportunities, which businesses must adapt to as part of strategic planning to continue long term growth. Senior and Fleming argue that the concept of organisational change has many faces, namely “convergent changes and transformational change that is organisation wide and characterised by radical shifts in strategy, mission values and associated changes of structures and systems” (In Thompson & Martin, 2005, p.41). Moreover, Johnson et al highlight that external macro-economic factors intrinsically impact strategy management and without...
13 Pages (3250 words) Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Term Paper on topic Macro and Micro Economics: Comparative Case Studies for FREE!

Contact Us