CHECK THESE SAMPLES OF The Importance of Government Policies in Promoting the Economic Growth
In his book, The End of Poverty: Economic Possibilities for Our Time, Sachs provides several reasons why some countries fail to achieve economic growth and therefore remain poor and underdeveloped.... He goes on to list government failures as one of the reasons for failed economic growth in poor countries, and explains this by stating that governments must protect businesses and make it easy for people to do businesses (Sachs 59).... As a consequence, I can conclude that Sachs also agrees that law plays a vital role in economic development and should therefore be taken seriously because it is a tool for promoting and enhancing economic development....
5 Pages
(1250 words)
Essay
The Fiscal and Monetary Policy and Economic Fluctuations Introduction The government seeks to use public spending and taxation as tools for economic growth of the nation.... What are the strategies based on fiscal and monetary policies that will encourage people to spend money in order to create economic growth?... How the current economic scenario compares with the situation five years ago?... Fiscal policy: Government spending at the time of economic slowdown will increase employment....
4 Pages
(1000 words)
Essay
In the era of government budgetary problems and fiscal frugality, program accountability is part of every politician and administrators agenda.... Therefore, the purpose of this essay is to illuminate the benefits of this assistance provided by the US government to business on economy and also about the burden it implies on the government and its policies and then come to a point to decide as to should government assist small businesses in their effort to be a part of internationalization by entering into export market....
6 Pages
(1500 words)
Essay
n order to raise the standard of living for current and future generations, there is an important need to strike a delicate balance of efficient investment of energy windfalls in promoting social objectives and economic diversification while avoiding an overheating of the economy and inflationary trends by the strategic pacing of energy revenues.... 1 billion dollars at growth rate of about 5%.... he country is also a reputed financial center with beneficiaries of its capital flows spread within the region.
Favorable international environments have Windfalls from surging prices of energy, exploitation activities of new gas fields and moves towards industrial capacity expansion have contributed in no small measure to vibrant economic activity, strengthening of foreign reserves and excess liquidity witnessed in the financial system....
8 Pages
(2000 words)
Essay
Social infrastructure, as a concept used in their research, includes a number of ideas such as institutions and government policies, all of which, they claim, contribute to creating an environment in which capital accumulation is encouraged.... As such, the paper does indicate that the most appropriate social infrastructure for growth would limit the role of government given government's propensity for rent-seeking behaviour.... Hall and Jones investigate the question of why some countries are more productive than others by looking at the causes of different rates… Particularly, their research tries to identify the reasons why resources are diverted away from capital accumulation, as this diversion lead some countries to invest less in education and physical capital, This diversion away from growth promoting investment takes the form of thievery, unprotected property rights
The investigation is based around a hypothesis that these differences in investment in capital accumulation is primarily the result of differences in social infrastructure across countries....
4 Pages
(1000 words)
Essay
The article, “Uncertainty Is the Enemy of Recovery” by Bill Mcnabb emphasizes the uncertainty associated with the economic development of a country.... The major issues such as the slow growth rate associated with Gross Domestic Product (GDP) and the sluggish investment… The article entails the economic uncertainties related with regulatory policy, monetary policy, foreign policy and most important all the US fiscal policy (Mcnabb, 2013; Herrero, 1997).
Accordingly, it can be ascertained that slow GDP growth rate of a country and sluggish investment decisions have accorded significant attention of many economists....
8 Pages
(2000 words)
Assignment
the economic growth of majority of Western countries had been highly jilted.... The general finances of government had also shown a surplus in 2012 for the first time, after the crisis.... This has raised concerns among the countries for restoring their growth… In order to do so, monetary policies of the central bank and fiscal policies of the government have become important factors.... Similarly, purpose of the fiscal policy (whereby the government alters public expenditure and taxation policies) is to boost aggregate demand of the country, which in turn is expected to improve growth rate of the economy (Lawton, 2013)....
8 Pages
(2000 words)
Assignment
The main concern of tourism in most countries is to increase economic standards.... The other major responsibility of the government is to increase social, political and economic development resulting from tourism.... Through tourism, the state will be in a position to Apart from this, the government supports the interest in their environment and cultural resources (Diekmann and McCabe, 2011).... Socialist governments have a weak private sector managing tourism, while the government takes part in the major roles in controlling tourisms....
3 Pages
(750 words)
Essay