Economic Growth and Happiness
Economic Growth Can Lead to Healthier and Happier Societies
More Availability of Goods
Higher Income
Increase in Tax evenues and Better Welfare Programs.
Increase in Purchasing Power
Technological Advancement
Health Industry Benefits
Business Sector Benefits
General Benefits
eflective statement
Economic Growth Can Lead To Healthier and Happier Societies
Economic growth has long been termed as the precursor to any society's success, and in this paper, we shall be looking at various aspects of economic growth that are directly correlated to happiness in the society, as well as those that negate this causality leading us to wonder whether all the technological progress in the world can eventually lead to happiness.
There are various factors that impact happiness where geography is a consideration in the sense of the location of a country has an important part to play in terms of its cultural values, and the manner in which happiness is defined in the culture. The progress that the country has…...
mlaReferences
Fribbance, I. (2009). Economic wealth and happiness. Introduction to the social sciences . Open University.
Fribbance, I. (2009). The changing UK economy: making a greener and happier society? . London: Open University.
Megan, J. (2009). Economics and Geography. Introducing the social sciences .
S. economy from one with an emphasis on imports to one with an emphasis on exports. The shift to the gold exchange standard further facilitated this, as foreign exchange was ultimately converted to gold, and U.S. wealth grew rapidly in the 1920s (Smiley, 2010).
There were a number of beneficiaries from this economic expansion. On average, most Americans benefited from the expansion in terms of increased wealth and living standards and the federal government saw its revenues increase (de Rugy, 2003). However, wealth disparity grew rapidly during this period as well. By 1929, the richest one percent of U.S. households held 45% of national wealth, in stark contrast to the first one hundred plus years of the nation's history (DeLong, 1997). ith declining immigration and birthrates during the decade, the rise in economic wealth was nevertheless able to find its way to the pockets of working Americans, despite the increase in…...
mlaWorks Cited:
De Long, B. (1997). Slouching towards Utopia? The economic history of the 20th century. University of California at Berkeley. Retrieved November 4, 2010 from http://www.j-bradford-delong.net/tceh/slouch_roaring13.html
de Rugy, V. (2003). 1920s income tax cuts sparked economic growth and raised federal revenues. Cato Institute. Retrieved November 4, 2010 from http://www.cato.org/pub_display.php?pub_id=3015
Schultz, S. & Tishler, W. (no date). Civil War to the present. University of Wisconsin. Retrieved November 4, 2010 from http://us.history.wisc.edu/hist102/lectures/lecture15.html
Smiley, G. (2010). The U.S. economy in the 1920s. EH.net. Retrieved November 4, 2010 from http:/ / the.net/encyclopedia/article/Smiley.1920s.final
Economic growth between U.S. And China
The ascend of China from a deprived, moribund state to a most important financial supremacy within an instant period of merely 28 years is frequently depicted by psychoanalysts as one of the most monetary triumph narratives in contemporary era. Taking into account the recent years economic growth China has managed to comfortably join the top bands as one of the leading economies in the world. This high economic growth rate has been realized mainly from increased exports, which consist of a wide range of commodities which includes clothes, jewelleries, household equipments and electric appliances. Export of luxury products such as mobile phones, laptops and other telecommunication equipments from China, especially to developing countries, has greatly increased. This study sought to establish the impact of this thriving economy between U.S. And China.
Since 1979 by the time the economic amendments were first established to around 2006, China's…...
mlaReferences
Alleres D. (2003). Luxe strategies marketing. (3 ed.). France: Economica
Bardhan, Ashok Deo and Jaffee, Dwight (2004), "On Intra-Firm Trade and Multinationals: Foreign Outsourcing and Offshoring in Manufacturing" in Monty Graham and Robert Solow (eds.), The Role of Foreign Direct Investment and Multinational Corporations in Economic Development.
Lernoud B. (2004). Marketing fundamental. Retrieved on 2011-05-10 from http://visionarymarketing.com/
MO, C. (2004).Crawling the catwalk.retrieved 2011-05-10 from http://www.cityweekend.com.cn/en/beijing/features/2002_12/Cover_Beauty
8% in the fourth quarter of 2008.... [a]sharp slowdown in finance and insurance, a further contraction in construction, and a deceleration in durable-goods manufacturing were the leading contributors to the economic slowdown" (Overview of the U.S. Economy: Perspective from the BEA Accounts, 2009, BEA). Still, Europe is experiencing its worst economic downturn since the Second orld ar. Its more precipitous decline contradicts initial economic expectations that the European Union might be buffered from the crisis.
European home prices remained more durable than in the United States and European consumers have cut back less on their spending. The problem is that the European export industry has been suffering. hile the more developed nations of Europe have taken more aggressive measures to inject capital into their economies and pursued more aggressive stimulus plans than the United States, poorer economies cannot afford to do so and still adhere to the policies of the European…...
mlaWorks Cited
Italy 2009 GDP to shrink 2.5 pct (2009, February 3). Reuters. FX Street.
Retrieved February 19, 2009 http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=08b67ab1-2c05-4ff4-bfc7-e0e6915b76b2
Pfanner, Eric. (2009, February 3). Europe slump deeper than expected. The New York Times.
Retrieved February 19, 2009 http://www.nytimes.com/2009/02/14/business/14euro.html
Economics
Human Capital and Economic Growth
The concept of human capital is referred to in the field of economics, referring to the intangible characteristics of people which may be used to support or enhance their well being. The concept includes aspects such as the creativity, skills, knowledge and even personality traits such as charisma and al other personal competencies that have the potential to create some form of economic value. The most commonly used definition of human capital comes from the OECD where it is stated it is the "knowledge, skills, competencies and attributes embodied in individuals that facilitate the creation of personal, social and economic well-being" (OECD, 2001). An individual will have human capital, but the main use of the concept is when the individual levels of human capital are aggregated and the human capital is considered ion a broader scale, such as the human capital within a firm, or the…...
mlaReferences
OECD, (2001), OECD Productivity Manual, Paris
Romer, P., (1986), Increasing Returns and Long-Run Growth, Journal of Political Economy, 94 (5), 1002-1037
The private sector tends to be against public sector funding, since it represents a basic redistribution of wealth from the ground up. Private sector economics has always held that the trickle-down economic models work best, where businesses and the very rich are given tax cuts and stimulus that is supposed to trickle down to the workers and the economy through renewed monetary business incentives. However, this form of economics, popularly labeled "Reaganomics" since President Reagan was one of its biggest advocates, has failed utterly and has led to one of the largest global economic collapses in modern times.
The growth of the economy can often be linked to the growth of the money supply, or what economists commonly refer to as M2. When M2 shrinks, the economy tends to follow, since there is less money available for investment and reinvestment in the public sector. Accordingly, when M2 grows, the economy…...
Economic growth can be described as a measure through which the output of an entire economy grows or increases. Since this growth may be national, regional, or global, economic growth does not necessarily refer to growth in sales of any single industry or business. Economic growth is usually determined through various factors such as the Gross Domestic Product or Gross National Product. These measures of determining economic growth are considered on the basis of an economy's income or output. In addition to these, there are other important factors that play a crucial role in economic growth, which is governed by principle. They include the government, competition, and internal and external factors whose role is crucial in economic growth and development.
Principle of Economic Growth:
Business growth and economic cycle are processes that are primarily driven by similar microeconomic variables from a theoretical perspective. Generally, these processes are driven by the relations between…...
mlaReferences:
Beckerman-Rodau, A 1991, The Impact of Technology on Intellectual Property Law, Suffolk
University Law School, viewed 15 April 2014,
Department of Economics n.d., The Business Cycle, Aggregate Demand and Aggregate Supply,
University of Colorado Boulder, viewed 15 April 2014,
Economic Growth in Hong Kong and Singapore:
The main goal of the World Bank is to assist developing countries and their citizens to achieve objectives through partnership with its allies to alleviate poverty.
As a result, this financial organization has currently been advising newly industrialized countries on methods for encouraging economic growth. Notably, various methods can be used to encourage economic growth for typical companies in Hong Kong and Singapore.
Economic Growth in Hong Kong:
Together with Singapore, Hong Kong has become one of the economies in Asia that has experienced explosive growth in the past few decades. This growth can be attributed to various factors including the establishment of a strong infrastructure, use of economic freedom, and following an American economic philosophy. For typical firms in Hong Kong, some of the min methods of encouraging economic growth include:
Improving Management Structures:
While there has been minimal emphasis on the need to improve management structures that…...
mlaReferences:
Kwong, S.K. (n.d.). Productivity and What It Means to Hong Kong. Retrieved from Hong Kong
Policy Research Institute Limited website: http://www.hkpri.org.hk/bulletin/12/sunny-kwong.html
Thangavelu, S. & Wei, Y.Y. (2006, July0). Aging and Economic Growth: Issues Relevant to Singapore. Retrieved from National University of Singapore website: http://www.fas.nus.edu.sg/ecs/pub/wp-scape/0613.pdf
Economic Gowth Lead Healthie Happie Societies
Weathe economic gowth leads to healthie and happie societies o not? It is the question of cuent essay. Usually economic gowth and development bings pospeity and wellness in the lives of individuals by impoving thei life style. With the economic gowth of a county the quality of life impoves as people have bette food to eat, bette houses to live in and bette clothes to wea. In addition thee ae bette facilities of education, health and eceation in the access of people. An example is economic gowth and pospeity of Saudi Aabia. The impovement of the economic status in the Saudi govenment helped each Saudi citizen get fee social sevices, especially health sevices. This esulted in a low infant motality ate of 11.9-4 pe 1000 live biths in 2008 compaed to 47.94 in 2003 (Ministy of Health, 2009). The cuent essay is a epot in…...
mlareferences over inflation and unemployment: Evidence from surveys of happiness. American Economic Review, 91(1), 335-341.m
Flanagan, J.C. 1978. A research approach to improving our quality of life. American Psychologist, 138-147.
Harlow, C. (2003). Education and correctional populations, bureau of justice statistics special report. Washington, DC: U.S. Department of Justice.
Hughes, M., & Thomas, M.E. 1998. The continuing significance of race revisited: A study of race, class, and quality of life in America, 1972 to 1996. American Sociological Review, 63(6), 785-795.
Lane, R.E. 1994. Quality of life and quality of persons: A new role for government? Political Theory, 22(2), 219-252.
This developed later into selling feeder stock to U.S. where the costs of feed were less. In terms of agriculture, Canada does not have a suitable climate to grow corn, and during the 1890s there was the change in cultivation through the use of a new variety of wheat called 'red fyfe' that has a short growing season. This also provided better prices for the farmers and was suited to the short growing season and low rainfall in the Prairie Provinces. This was a factor that helped the economy to be strong till the Great depression started in the 1930s. (Watkins, the Economic History of Canada)
Looking at the political situation in Canada at that time, the Prime Minister wanted to have a strong central government but his situation was complicated through the challenge from the provincial commitments through the British North America Act. This was used the most by…...
mlaReferences
Belanger, Damien-Claude; Belanger, Claude. French Canadian Emigration to the United States, 1840-1930. 23 August 2000. Retrieved at Accessed on 12 June, 2005http://www2.marianopolis.edu/quebechistory/readings/leaving.htm.
Canada. Encyclopedia Article. Retrieved at Accessed on 12 June, 2005http://encarta.msn.com/encyclopedia_761563379_27/Canada.html.
Clark, Penney. Literature and Canadian History: A Marriage Made in Heaven? Canadian Social Studies. Fall, 2002. Vol: 37; No: 1. Retrieved at Accessed on 11 June, 2005http://www.quasar.ualberta.ca/css/Css_37_1/ARliterature_canhistory_marriage.htm.
Economic History of Canada. The Quebec History Encyclopedia. Retrieved at Accessed on 11 June, 2005http://www2.marianopolis.edu/quebechistory/encyclopedia/Econhistcan.htm.
This "crippled operations" not only in local businesses but in companies located in the most affected regions that supplied materials for manufacturing. In other words, Japan suffered from a shutdown of many companies that provided certain parts for cars and electronics. For example, the area that was slammed by the tsunami was a "supplier hub" where companies like Hitachi produced special parts -- including a "…$2 sensor that is part of a $90 airflow sensor used in engines for many vehicles" at the Hitachi plant (Rice, 2011, p. 29). But the shortages of certain parts also had an affect on companies in the United States; to wit, General Motors' engine plant in New York ran out of parts (that are normally manufactured in Japan) so it had to shut down its New York and European plants (Rice, 29).
Even the Apple iPad2, which was officially launched to the public on…...
mlaWorks Cited / References
Allison, Anne. (2012). Ordinary Refugees: Social Precarity and Soul in 21st Century Japan.
Anthropological Quarterly, 85(2), 345-370.
Belanger, C. (2011). Japan. Our World: Japan, 1.
Chandler, C. (2012). JAPAN ONE YEAR LATER. Time International (South Pacific Edition), 179(10), 26.
The final form of these tables and charts will be dependent upon the form and types of data that are found during the conduct of the research.
Data Analysis Methods
Data analysis methods will be similar to those used by Asseery & Al-Sheikh (2004). They will include multiple regression analysis based on cointegration techniques. Error correction techniques will be applied that are similar to that which was found in Plazolo & Bank (1995). These and other sources found in the literature review will be used in the construct of the data analysis methods.
Quality Assurance Methods
Quality of the final research will be dependent on the credibility of the sources used and the data contained within them. Statistical methods will also be applied to help reduce errors and assure quality of the final research product. Many of these methods are dependent upon the data which is found, the form it is in, and…...
mlaReferences
Anaman, K.A. (2004) "Determinants of economic growth in Brunei Darussaiam." Journal of Asian Economie. 15: 777-796.
Asseery, a. & Al-Sheikh, H. (2004). "The determinants of the Saudi Economic Growth." Journal of Faculty of Commerce for Scientific Research. Alexandria University. Egypt. 41: 97-116.
Plazolo, M. & Bank, D. (1995). "Determinants of South Korean Economic Growth." International Economic Journal. 9:9-110.
APPENDIX I
1. Check out the Gapminder website at http://www.gapminder.org/. Choose "Gapminder World."
a. Choose a variable from the list of possible y-axis variables that you think might be affected by the rate of a countries economic growth or income per capita. Why did you select this variable? How do you think this variable is affected by economic growth or per capita income?
In clicking on the y-axis, there are a list of variables that spring out on a list. The broader categories include children per woman, CO2 emissions, income per person, child mortality, life expectancy, economy, society, education, energy, environment, health, infrastructure, population and work. The author of this response has a few answers to the question above about how many of those variables are affected by economic growth and per capita income.
One easy-to-see variable that can be described that way is health. The health of a country is certainly affected by economic…...
Economy
http://ycharts.com/indicators/real_gdp/chart#series=type:indicator, id:real_gdp,calc:&zoom=10&startDate=&endDate=&format=real&recessions=false
The above chart shows that economic growth in terms of real GDP was fairly strong from 4Q2002 (barely a year after 9/11) until about early to late 2007, when it nose-dived to roughly 12.75 trillion. It has since started to rise again and now is above the high point in 2007/2008. GDP growth over recent years has not been blowing the doors off, but it has steadily gone upward for the last 3-4 years.
On a similar note, unemployment spiked very high, leveling off north of ten percent in late 2009/early 2010. It has since tapered down to 7.70%. However, as it relates to the current state of the economy, that figure is extremely misleading. First, anyone that has exhausted their 99 weeks (or applicable tenure) of unemployment benefits is not included in this figure nor is anyone that has voluntarily given up and left the workforce. Finally, people…...
mlaRegardless, the it is clear that the current state of the economy is that the underlying fundamentals are strong. The housing correction that has happen after the 2007/2008 credit crash seems to be subsiding and corporate revenues across the entire economy are strong. Consumer confidence is starting to rise and if that continues to happen over a long enough time, the purse strings of corporations flush with cash will start to ease up.
That being said, throwing more and more regulations/taxes at businesses is a bad idea. If there is a tangible need for it, that's fine. But punishing an entire industry for the actions of a few (think: Enron) or complaining abou the rich not paying enough taxes (when 47% of individual taxpayers pay ZERO federal income tax) is just so off-base. A lot of small-business owners are the "top 2%) that will get hit in the shorts by taxes going up. If they are the ones doing the hiring, they should not be punished during or in advance of doing so.
Lastly, the ongoing patchwork of short-term budget fixes such as the current fiscal cliff morass needs to stop ASAP. A common-sense long-term solution needs to be figured out, put in place and then the government needs to leave it alone. The reason for the current state of low-gear economic performance is due to people not knowing what their tax/compliance expenditures will be not even 30 days from now (let alone years down the road).
economic growth across the United States over the last few months and the inflation concerns stemming from the energy sector. The overall increase in consumer price index, which is the general measure of the inflation rate, is more than balanced by the increase in the income levels for the period. The increase is consumer prices between April and May (.5% increase) created fears of inflation. This steep increase however is not an accurate appraisal because it reflected the temporary surge in oil prices during that month. In general energy and food components are considered to be volatile and therefore price hikes of these products will normalize within a short period of time. Oil prices have since dropped down and by the end of June they were stabilized at close to normal levels. However, any sustained increase in energy costs would have drastic effects on the prices of consumer goods…...
1) Many studies have shown that minimum wage increases have a positive impact on reducing poverty rates. By ensuring that workers earn a wage that covers their basic needs, minimum wage laws help lift low-income individuals and families out of poverty.
2) Minimum wage laws can also stimulate economic growth. When low-wage workers have more money to spend, they are more likely to consume goods and services. This increased consumer spending can boost demand, leading to job creation and supporting local businesses.
3) Implementing a minimum wage can also improve public health outcomes. Research has found that higher wages are associated with....
Ireland was poor for a long period of time due to a number of historical, political, and economic factors.
1. English colonization: Ireland experienced centuries of English colonization and control, resulting in land confiscation, forced tithes, and economic exploitation. The English prioritized their own interests, which hindered Ireland's economic development.
2. Penal Laws: The Penal Laws, enacted in the 17th and 18th centuries, restricted the rights of Irish Catholics, preventing them from owning land, holding public office, or practicing their religion freely. This discrimination limited upward socioeconomic mobility for the majority of the Irish population.
3. Agricultural practices: Ireland's reliance on subsistence agriculture....
Certainly! Here are some essay topic ideas related to Barack Obama:
1. Analyzing the major accomplishments and legacy of Barack Obama as President of the United States.
2. Exploring the challenges and obstacles faced by Obama during his presidency and evaluating his responses.
3. Investigating the impact of Obama's healthcare reform, the Affordable Care Act (ACA), on the American healthcare system.
4. Discussing Obama's approach to foreign policy, focusing on significant events such as the Iran nuclear deal or the Paris Climate Agreement.
5. Examining the Obama administration's efforts to address climate change and promote clean energy.
6. Assessing the economic policies and strategies implemented by....
Graffiti should be protected for several reasons:
1. Artistic expression: Graffiti is a form of art that allows individuals to express their creativity and communicate messages visually. It provides a platform for artists to showcase their talent and perspective.
2. Cultural significance: Graffiti often reflects the cultural identity and vibrant spirit of a community or neighborhood. It can convey unique stories, experiences, and beliefs of a particular group of people, preserving their history and heritage.
3. Social commentary: Graffiti serves as a powerful tool for social commentary, enabling artists to raise awareness about various issues such as social injustice, environmental concerns, or political....
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