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.

GLOBAL ECONOMIC - Assignment Example

Comments (0)
Summary
The GDP per capita shows the quality of living of the people in a country and is given by dividing the GDP with the population in the country (Spilsbury, 2012). This explains why the GDP of China is high but when the GDP per capita is considered it is low, due to the fact that…
Download full paper
GRAB THE BEST PAPER
GLOBAL ECONOMIC
Read TextPreview

Extract of sample
GLOBAL ECONOMIC

Download file to see previous pages... The other reason for the difference s in GDP per capita is differences in productivity among countries with the level of productivity in a country being depicted by high GDP per capita symbolized by Australia and UK in the chart above. China, Indonesia, and Russia have the same level of labour productivity explaining the similarity in GDP per capita. The other reason that could be the cause for the differences in the GDP per capita is the working hours of the workers in the given countries with the country that has the highest GDP per capita having high working hours compared to the other countries. Australian and UK could have high working hours compared to the working hours in China, Russia, and Indonesia depicting the difference in GDP per capita in the graph.
Four reasons can explain the differences between the GDP of the five countries including amount of physical resources, quality and quantity of human resource, the size of the workforce, and the technology level (WORLD BANK, 2013). China could have been increasing the amount of physical capital, promoting highly skilled and trained human resource, increasing workforce size, and advancing technology from 1994 to 2012 as depicted by the rise in GDP over the years. The size of workforce, advancement in technology, training and equipping the human resource, and amount of physical resources seems to have been almost constant in Indonesia, Australia, and Russia due to the slight changes in GDP growth from 1994 to 2012. There are, however slight positive changes in skills, technology, workforce, and physical resources in UK showed by the increase from 1994 to 2007, but these factors may have slightly fallen to result in the down ward trend in the GDP in UK from 2001 to 2012.
The possible economic effects for the differences in the GDP growth are three including the quality of governance, which are the mechanisms and institutions that aid in decision-making and authority dispensation in a ...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
The nternational economic forces
This research is aimed at providing a report on issues like international economic factors and effect of these factors on the level of economic growth of European countries, mainly after the World War II. This paper also provides fiscal as well as monetary policy recommendations which are needed to be applied by these countries at large to augment their growth process.
9 Pages(2250 words)Assignment
Global economic
The conflict between Julian Simon and Paul Ehrlich in 1980 is used in order to show the different perceptions in regard to the increase of population globally, if compared to the past. More specifically, in 1980 a strong opposition has been developed between J.
24 Pages(6000 words)Assignment
How has the global political economy changed as a result of the global financial and economic crisis since 2007
The crisis cemented the notion that ‘when America sneezes, the rest of the world catches a cold.’ The contagion spread and spread fast. It required billions of dollars of infusion in the worst affected economies to prevent a complete worldwide financial and economic catastrophe.
4 Pages(1000 words)Assignment
Global Business
The high penetration of the internet in the last couple of years along with the fact of the rapid development of various kinds of technological gadgets has resulted in the process of faster and better connectivity in the markets around the world. The global connectivity has increasingly helped in connecting the markets around the world, and has successfully converted the globe into a single and well connected entity.
8 Pages(2000 words)Assignment
Economic
The four types of market structures are oligopoly, monopoly, perfect competition, and monopolistic competition. This paper studies two scenario dealing with two firms operation in a perfect competition and monopolistic competition
4 Pages(1000 words)Assignment
Global Outsourcing outline
The world is becoming more and more interdependent and whether you think globalization is a good or bad thing, it is here to stay. Outsourcing, meaning the subcontracting of employment to other countries, is an increasingly common phenomenon with global
1 Pages(250 words)Assignment
Global Socio-Economic Inequalities
In Globalism’s Discontents, Stiglitz talks about globalization’s unrealized potential in eradicating poverty and promoting economic development. The book also describes the financial turmoil experienced in East Asia and Russia.
1 Pages(250 words)Assignment
Global Economic Environment and Marketing
It employs over 35,000 people and makes over $60 billion in gross income (Reuters 2014). Steve Jobs and Stephen Wozniak came together to make the first personal computer. The
1 Pages(250 words)Assignment
GLOBAL ECONOMIC ENVIRONMENT AND MARKETING
The market for smart-phones is rapidly transforming, with constant product innovations. It is depicted by quickly evolving designs and technology, aggressive pricing, short product life cycles, highly sensitive of price consumers, and rapid imitation
1 Pages(250 words)Assignment
Latin american and the global economic#1
As a result, there have been increased imports than exports that have led to deter rioting balance of trade resulting in current deficits. Furthermore, interest rate is a factor of supply of demand. Increased credit leads to more money supply into the economy.
2 Pages(500 words)Assignment
Let us find you another Assignment on topic GLOBAL ECONOMIC 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