This is mainly in the coastal region as they have access to both internal and international trade. Therefore, population growth is a key factor to enhancing economic development.
c) According to (Easterly,…
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However, extensive stage of growth is where by growth in the economy is caused by intensive factors such as improved technology that help to increase production. As a result, economic growth is achieved. Developed countries experience this type of growth as they try to enhance production through improving technology.
3. a) Reversal of fortunes refers to the reversal of income distribution from the 1500 to the present. The richest civilizations in 1500 were the Aztec and the Incas. While the lowest civilizations were in North America, New Zealand and Australia, which were less, developed. However in present day, the US, Canada and New Zealand are richer than countries occupying territories of Mughal, Aztec and Incas. Therefore shows the reversal of fortune.
b) The Simple Geography Hypothesis states that the time invariant effects of geographic variables, like climate and disease, on work effort, productivity, and output. However, this is contrary to the reversal of fortune, as countries that were prosperous in 1500 should still be prosperous today, as geographical features do not change.
c) Europeans established these two institutions in their colonies. One was the extractive institutions, which concentrate power in the hands of small groups of elites and produce a high threat of expropriation for the mainstream population. The other was the institution of private property that are important for economic performance. They were established in the Aztec and the Incas empires.
4. a) Microfinance Institutions characteristics include: They offer small loans to start businesses. They also offer loans at lower rates than other financial institutions. Finally, the repayment dates are fixed and no negotiations are made unlike for other moneylenders.
b) Microfinance Institutions have been successful to some point as people have started businesses and purchased larger durable goods that they would not have bought without such
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Careful thought must be given to how much instructions which teachers receive when, and how often. Of what duration should the instruction be? Are lengthy seminars away from school the best option, or can better results be achieved by limited curriculum within the school, between normal classes?
He state the family as the first determinant. The teacher claims that most of the children become friends mainly because their families are friends. In other words, children extends the family friendships to school, you will find these children in most cases doing their daily activities jointly unlike others.
America has had a major growth in the security industry. Sources show that there are twice as many security guards as compared to public law enforcers. This increase may make people feel secure. However, the courts and government officials claim that the feeling is misplaced considering the fact that most of the “private police” go against the private individual human rights acts (Feinman, 2010).
Today, computers can be found in almost every field and dimension of the modern society, including healthcare, defense, banking and government offices. Among these technologies, the use of computer all around the world has reached a certain level where its absence for a particular period of time is most likely to create havoc among the users.
Column 4? Net cost= (cost of program+ cost of side effects) – cost of adverse health outcomes averted =?600 c. Column 5? Average cost per discounted QALY = Total Cost (?)/ Total Benefit (discounted QALYs) =10,000,000/600 =?16,666.67/QALY Therefore the Average cost per discounted QALY (c) =?
c) Iron deficiency is very perplexing in the developing world because iron deficiency reduces the productivity level of people in the world while iodine deficiency causes mental retardation and brain damage. The solution for the iron deficiency is to take
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