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

Economic Development - Essay Example

Comments (0) Cite this document
Summary
One remarkable indicator of inequality in North Africa is unemployment, which only enhances the tough condition of poverty, not to mention the inability of the government to supply the actual needs of its people. …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Economic Development
Read TextPreview

Extract of sample "Economic Development"

Download file to see previous pages To what extend does the international environment positively or negatively magnify the situation? One remarkable indicator of inequality in North Africa is unemployment, which only enhances the tough condition of poverty, not to mention the inability of the government to supply the actual needs of its people. In this way, the government in North Africa needs to remarkably consider making some ways in order to make both ends meet for its people. Economically speaking, countries in North Africa struggle to at least feed a hungry stomach considering the inability of the government to provide sufficient water supply for farming, large quantity supply of fertilizer and substantial amount of investment for infrastructure to reduce transportation costs. The unemployed in North Africa contributed to a big discrepancy in the distribution of wealth. In this case, the industry could not sufficiently provide all the essential needs of the people. Although, there might be a good sign of improvement, the economy could not still sustain the balance flow of wealth because almost everybody seems to be wallowing in poverty. If there are many people having no jobs, poverty is remarkable because the wealth of the nation might just be limited at some certain level. On the other hand, the problem with food production due to global financial crisis substantially had made the situation even worse. In other words, among the most remarkable features of inequality especially in the case of North Africa, which consists of developing countries, are unemployment, lack of food production and even vulnerability to be at a disadvantage side as influenced by global economic trend. In other words, in North Africa, people’s source of income could be quite in a limit because there is less on agriculture but a bit higher on some industries. However, this source of income could still be unable to provide for many. The global financial crisis, for instance, brought food shortages in North Africa’s countries. In other words, agriculture can substantially help developing countries’ economy to survive. However, large private or government investment is necessary for agriculture, especially in sufficient water supply for farming. Furthermore, there is a need for coordination with international market for bringing in enough quantity supply of fertilizer, which is also necessary. Finally, investment by the government through infrastructure improvement is necessary to reduce transportation costs among farmers. In this way, farmers could save on costs associated with transportation and other relevant costs. In this case, there is a need for North Africa to keep in touch with the world especially in relevance to its financial condition. Global financial crisis is a significant component of international environment, but it is clear that it negatively affects the situation in North Africa especially at its poverty level and at the micro-level, its capacity for agriculture. However, on the other hand, this marks a significant point in which North African governments should try to create ways and means in order to at least alleviate a substantially down situation for its economic and financial aspect in particular. The government, therefore, should ensure financial support from the international environment in order to at least reach a substantive ways in order to maximize its potential for food production. After all, agriculture could substantially boost a country’s economy especially of a developing one. It is at this point that the North African countries should seek support from the international environment, particularly investors which could not only promote high production output for agriculture but could also provide substantial employment. In other words, what ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economic Development Essay Example | Topics and Well Written Essays - 750 words - 1”, n.d.)
Economic Development Essay Example | Topics and Well Written Essays - 750 words - 1. Retrieved from https://studentshare.org/macro-microeconomics/1454757-economic-development
(Economic Development Essay Example | Topics and Well Written Essays - 750 Words - 1)
Economic Development Essay Example | Topics and Well Written Essays - 750 Words - 1. https://studentshare.org/macro-microeconomics/1454757-economic-development.
“Economic Development Essay Example | Topics and Well Written Essays - 750 Words - 1”, n.d. https://studentshare.org/macro-microeconomics/1454757-economic-development.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economic Development

Leadership Development Experience

The nine-month certificate program which I completed at Leadership Institute of South Puget Sound combined academic study on leadership with practical development of leadership skills. Numerous community service activities such as involvement in Employee Community Fund (ECF), being a Child haven volunteer, Christian Center volunteer and a Junior Achievement Consultant have exposed me to situations which made me apply many skills such counseling young people, and motivating them to achieve their full potential, seeking solutions with expansive thinking and application of flexibility and quick responsiveness. My involvement in Christian Center had specially sharpened my crisis management skills by participating in natural disaster m...
13 Pages(3250 words)Assignment

The Economic Impact of the Emergence of China and India

The main macroeconomic variable that toys in the global economy’s shift are the emergence of India and China as new superpowers. This emergence certainly has a number of implications, but among the most relevant are: disruption of the equilibrium of the global economy which results in rising demand of goods, giving way to worldwide inflation; the attractiveness of outsourcing to these countries due to low cost but high talent workforce of these countries for cheaper operations.
The growing middle class of China and India results in booming demand for the automobile industry. This increase in demand, with the increasing purchasing power of these countries’ people, is not limited to automobiles but more apparent in...
10 Pages(2500 words)Assignment

Economic Value Added as Tool for Improving Performances

To discover whether pure profits exist, take the revenue of the firm and deduct the costs of all factors of production other than capital. Then deduct the pure return on capital and any risk premium necessary to compensate the owners of capital for risks associated with its use. Anything that remains is pure profits.” Simply in economic terminology economic value added (EVA) is commercial profits reduced by opportunity costs (that is the pure return on riskless investment and the risk premium). Lipsey calls the EVA defined in this fashion as “pure profits, economic profits or, where there is no room for ambiguity, just profits”.

Investors in any company are interested in real profits that are profits r...
7 Pages(1750 words)Report

Gross Domestic Product and the Nations Competency in Terms of Economic Welfare

It is often used to compare the economic performance to aid as a prediction tool and to analyze the business cycles and the recessive and expansive economic performances within them. This further aid economic and fiscal policy formulation of the government and is also used to analyze the consumer behavior and the economic phenomena involved. (Heakal, R. 2008).These figures can be a benchmark to compare economies of different nations and the economic prediction process is also made possible.

A usual pattern of assessing the Gross Domestic Product is to have an initial GDP report on every quarter which is an advance report. Two corrective reports follow this before the final figures on GDP are arrived at. It usually takes...
7 Pages(1750 words)Report

The Role of Mass Media in the Development of Aggression

Despite the fact that longitudinal studies have proven that human aggression is to some extent an unwavering trait, it is undeniable that the environment plays a big role in influence the aforementioned behavior (Slaby & Roedell, 1982). Our daily encounter with the environment is a form of socialization that is defined as the process of integrating within oneself a sense of connection to a larger social world by means of discovering, understanding and adopting the beliefs, values, and norms of culture of other people. To a certain extent, sociologists consider the mass media as a powerful socializing agent as its significance is not constrained to the content alone of the media messages. Instead, it affects how we learn a...
10 Pages(2500 words)Report

The Effect of Democracy on Chinese Development

Any country first needs to go through economic liberalization and political liberalization before finally settling into a stable democratic situation. Democracy should not at any one point be viewed as if it were socialism, but should be seen as a means of promoting economic development through accountability and protection of individual lawful rights and interests...accountability in the sense that the respective leaders are able to fight corruption, enhance social harmony, strengthen public trust and more importantly empower government institutions that are directly in touch with the people (Liu, 2008, p.1-2). Owing to the Chinese well informed and affluent society on top of having a very dynamic economy, the political change wh...
7 Pages(1750 words)Coursework

Emergency Economic Stabilization Act of 2008 and How It Has Impacted the Financial Markets

Though there were objections from various quarters about the huge amounts of tax payer’s money being used in the bailout of huge corporates, the Act has been successful in moving the downturn towards a flat point and now has started slowly moving towards a recovery stage. The various programs under the EESA 2008 have played a significant role in the financial sector, housing mortgage, and banking institutions to save the institutions from complete disaster.

The Emergency Economic Stabilization Act is a huge taxpayer bailout designed to rescue the financial sector. The amount of money to be used is around $700 billion or $2000 per American citizen (Public mark up). Emergency Economic Stabilization Act of 2008 is al...
10 Pages(2500 words)Research Paper

Economic Analysis of India

The country’s economy is fast growing with a stable political system that encourages foreign investment although with certain restrictions. The country generally has good energy, transport and communication systems which make the cost of doing business affordably.

The Republic of India found South of Asia is by far the world’s most populous democracy and ranks seventh largest in terms of geographical area (Brown, 1994). India is also the second most highly populated country in the world. The country has a rich culture with four major religions having originally emerged from it; Sikhism, Buddhism, Hinduism, and Jainism. The Indian Republic consists of seven union territories and 28 states and ranks twelfth la...
8 Pages(2000 words)Case Study

International Business: World Economic Forum and Davos 2010

.... However, the elderly need to be integrated into the society. Mobile technologies are being employed in health care and this issue too was discussed at Davos. Apart from telemedicine, there were other suggestions that came up at the summit. Information technology should be used to provide health care based on the outcome and not on the procedures involved (Maeda, 2010). Technology can also be used to keep the public informed of what each hospital charges for every procedure which would enable patients to make intelligent choices. In the developing countries healthcare can lead to economic development. Such an initiative has been started in Senegal where the trust of the people have been gained and apart from health care, education...
7 Pages(1750 words)Coursework

Globalization and World Economic Forum at Davos 2010

...Globalization and World Economic Forum at Davos Forces Driving Globalization Globalization has resulted in enhanced interdependencies among thenations of unprecedented scale. This augmented interdependence has caused the dismantling of trade barriers and liberalization of markets. The forces of globalization have impacted the nations, the firms and the individuals alike with the prerequisite of liberalization of trade (Awuah, 2009). The seven forces of globalization are; Markets, Production, Culture, Labor, Technology, Environment and Liberalization. Of these factors, the globalization of markets has engaged substantial attention of the firms and the academia. Some markets are highly globalized, while some are not. The scale of market...
7 Pages(1750 words)Coursework
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 Essay on topic Economic Development for FREE!

Contact Us