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.
Nobody downloaded yet

Econmics 100 - Essay Example

Comments (0)
Summary
Macro & Micro economics Table of Contents Table of Contents 2 1.0 Article Summary 3 2.0 Introduction 3 3.0 Analysis 3 3.1 Export led growth 3 3.2 Restructuring the economy: reducing the wealth gap 5 3.3 Accommodative policy 5 3.4 Fiscal policy 7 4.0 Conclusion 9 References 10 1.0 Article Summary The article titled “China economic growth lower than forecast” was published by BBC on 10 February 2009…
Download full paper
GRAB THE BEST PAPER
Econmics 100
Read TextPreview

Extract of sample
Econmics 100

Download file to see previous pages... Since the net export is a part of the gross domestic product, considerable rise in exports has led to significant rise in GDP of the country. This in turn is reflected in the higher growth rate of the economy. The growth of an economy is measured by calculating the changes occurring in the total volume of output in the economy or the real income of the individual residents of the nation. However, in recent years there has been less than expected level of economic growth. Therefore the government has adopted different fiscal and monetary policies to boost up economic activities in the country. This paper analyses the policy prescriptions followed by the government as presented in the article. 3.0 Analysis 3.1 Export led growth The 1993 United Nations System of National Accounts (1993 SNA) allows the countries to calculate their growth with the help of any of three credible indicators; the volume of the country’s gross domestic product (GDP), real gross domestic income or the real gross national income. The GDP is the easiest and the most uncomplicated way to account for the growth of a country (World Development Indicators: 2012, 217). The gross domestic product is defined as “the market value of all final goods and services produced within a country in a given period of time” (Mankiw 2011, 494). The most commonly used approach to measure the GDP is the expenditure method (Taylor 2006, 138). Economists denote GDP as ‘Y’ and divide the components of GDP in to four parts; consumption (denoted by C), investment (denoted by I), government expenditure (denoted by G) and the net exports made by the country (denoted by NX) (Mankiw 2011, 496). The identity that represents the GDP calculation is as follows: Y = C + I + G + NX The net exports component of the GDP is actually the difference between the amount of export and the amount of imports made by the economy. If this difference is positive, it implies the amount of total exports is greater than the amount of total import and positive net exports increases the total GDP of the country. If the level of exports falls short of the level of imports, there is negative net export and the amount of GDP declines. The Chinese policy of emphasizing on exports has brought dauntless growth in the Chinese economy since the past three decades. However, recently the Chinese have been facing a huge external constraint in this path of growth. China depends on the international market heavily for its exports, particularly the U.S. and the Europe. The large scale exports made to the U.S. is leading to massive trade deficit in the U. S. It is causing financial vulnerability and discouraging the country’s manufacturing sector. This can potentially harm the development process of the country and stall its course of recovery that is still in progress after the severe sub-prime crisis that occurred in the year 2007. Since the USA is a large country in terms of the Chinese exports, recession in the country might affect the entire world economy, including China. Hence the Chine policy makers have considered shifting their attention towards domestic demand. As the article published in a BBC website says, the policymakers have expressed the desire “to increase domestic demand to reduce its dependence on exports and achieve more sustainable growth” ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Marketing 100
The products of Natures Organics range from biodegradable laundry, dishwashing detergents, house holds surface cleaners to cautiously prepared hair and skincare products. The products are available through major supermarket chains in markets all around the world (Natures Organics n.d) 1.1 Current Product For making any product a company has to decide first regarding who will be the end users of the product, what benefit will customers get by purchasing the product, and what is the main differentiation which makes the product special than other competitive products.
8 Pages(2000 words)Essay
Econmics
For example during recession companies lower their prices in order to entice customers to spend. People are very tight with their money during bad times due to fear of loss of income from events such as massive layoffs which are common corporate tactics in the business world.
3 Pages(750 words)Research Paper
Management 100 assessment
It has been determined that in order to boost profitability and expand the Volare brand, the business should consider India as a new, international location for Volare Restaurant. After procuring a suitable location for the
6 Pages(1500 words)Essay
Econmics
paper explores reasons that led to the resilience of the banks in Canada as well as the structural features of the Canadian economy that prevented the Canadian banks from falling. The paper is divided into section with the first section exploring conditions of the banks before
1 Pages(250 words)Essay
SOC/100 Wk 1
Christianity accepts all members, as long as they believe in Christ and follow the teachings of the Church. The Church has a hierarchy for its leaders, where the Holy Trinity is on top, followed
1 Pages(250 words)Essay
Music 100
I enjoyed going to the symphony, because the music has more quality than any other type of live music I have ever attended. The part I enjoyed most was the Piano Concerto,
4 Pages(1000 words)Essay
Music 100
Thomas Cockrell performed a special concert titled “Celebrating the Moon Festival: Music China. “ other pieces included , “Heaven Earth Mankind” an art by the Symphony composed in 1997 and performed by the same group on the events day. The
4 Pages(1000 words)Essay
Dance 100
Dancing in the rain, as well, has the dancers making their connections independently without following a schematic movement. Tune yards presents a social dance in which the involved dancers are of a
2 Pages(500 words)Essay
Econmics
Apart from using joy in superficially ridiculous old concepts, what might individuals acquire through uncovering this touchstone of Modern western
8 Pages(2000 words)Essay
RATIO ANALYSIS (FTSE 100)
A conclusion will finally be made. The analysis will basically be using the most recent data from the 2013-2014 financial reports of these two
5 Pages(1250 words)Essay
Let us find you another Essay on topic Econmics 100 for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us