• The process of capital accumulation forms the basis of capitalism, and is one of the defining characteristics of a capitalist economic system. (wikipedia.org)
  • Here, the notion of "natural capital" was viewed in terms of the stock of physical properties and natural-material use values constituting real wealth and was seen as opposed to the growing "sense of capitalism" as a system of mere exchange value or cash nexus. (monthlyreview.org)
  • The theory of dependency considers the fact that the social and the economic development of less developed countries (LDCs) is conditioned by the external forces which are nothing but the central capitalism. (perlego.com)
  • Neoliberalism or neo-liberalism is the 20th-century resurgence of 19th-century ideas associated with laissez-faire economic liberalism and free market capitalism . (wikiquote.org)
  • The paradox of the circular economy is that it seems to offer radical challenges to linear "take-make-waste" models of industrial capitalism, backed by international legislation, but it does not actually give up on unsustainable growth. (mit.edu)
  • In this respect, she focuses on the entangled trajectory, whether historical or symbolic, of the (cybernetic) black box and oil as imperial allegories underlying late capitalism to grasp its inherent contradictions, such as modern fantasies of total oversight and limitless growth. (ici-berlin.org)
  • In the context of the given options, capitalism and free enterprise are both economic systems that involve the allocation of resources. (proprofs.com)
  • Capitalism is an economic system where resources are owned and controlled by individuals and businesses, and the allocation of resources is primarily driven by market forces such as supply and demand. (proprofs.com)
  • Capitalism is an economic system that allows individuals the freedom to generate wealth. (proprofs.com)
  • Capitalism promotes private ownership, entrepreneurship, and the accumulation of capital. (proprofs.com)
  • Overall, capitalism fosters economic growth and prosperity by harnessing the power of individual initiative and free markets. (proprofs.com)
  • This imposition of "growth or die" capitalism is destroying the dairy sector and family livestock farming, and only a few can survive. (nyeleni.org)
  • We expand the model presented by Galor and Zeira (1993) to represent the fact that the economy benefits from endogenous technological progress and that the government provides financial aid to reduce the financial hurdles for human capital accumulation. (uni-muenchen.de)
  • As the IEG told its investors, while the asset value of the world economy is $512 trillion, the asset value of the earth's natural capital is estimated at $4 quadrillion ($4,000 trillion), all potentially for the taking. (monthlyreview.org)
  • Together these developments represent a sea change in the capitalization of nature, such that all natural processes that involve ecosystem services to the economy are now increasingly seen to be subject to exchange on the market for profit-all in the name of conservation and climate change. (monthlyreview.org)
  • In order to develop a critical analysis of the current capitalist expropriation of world ecology, it is necessary to explore the concept of natural capital in the work of Marx and other early radical critics within classical political economy. (monthlyreview.org)
  • First, over-dependence of commodit y exports exposes an economy to volatility in international prices, dwindling prospects for long-term growth. (lse.ac.uk)
  • In the present study the case of Paliyan tribe is taken up to assess the impact of changing ecology and economy and the extent of developmental process initiated by both government and non-government agencies to bring them into the national mainstream along with the degree. (bibliaimpex.com)
  • The book is designed to serve as a valuable compendium for students of economic development and political economy and for those interested in the study of the economic backwardness of the Third World countries. (perlego.com)
  • Under this plan, Uganda is being transformed into a modern economy in which people in all sectors can participate in economic growth. (imf.org)
  • In this sense, trust is like an interdependent web that connects all actors in an economy and influences how they work together to drive growth. (deloitte.com)
  • Increasing Returns and Long-run Growth ," Journal of Political Economy , University of Chicago Press, vol. 94(5), pages 1002-1037, October. (repec.org)
  • During the 1990s, as the transition of the British economy to a giant services station continued apace, and as British manufacturing shriveled into a kind of nostalgic mantelpiece ornament, British politicians and 'independent observers' cast about in search of a new 'driver' for long term British economic growth. (metamute.org)
  • A further analysis of the formation and development of human capital by sectors of the economy revealed its highest rate in education, healthcare and culture. (atlantis-press.com)
  • The model predicts that labor immiseration -- i.e. full automation of the economy -- is inevitable unless learning efficiency is improved through capital taxation. (lu.se)
  • Without investment and growth, the economy cannot produce good jobs, supply resources for cleaning up the environment, or provide young and old with the economic security they need and deserve. (motherjones.com)
  • And without a strong economy, we cannot hope to lead an international order in which technological competitiveness and economic vigor count for more than MX missiles and Seawolf submarines. (motherjones.com)
  • In over a century of anthropological research, no one has ever found a society whose internal economic life was based on barter, let alone a bartering economy from which money developed. (isreview.org)
  • It has managed to break down the economy growth into 3 different categories in terms of Capital, labor and technology. (ipl.org)
  • Entrepreneurs play a crucial role in the economy by driving growth, creating job opportunities, and contributing to overall societal development. (proprofs.com)
  • Given the varied facets of "competitiveness" - that I broadly define as "the ability of an economy to compete in international markets" - I would like to start by reviewing some specific aspects of economic and financial performance of the euro area. (europa.eu)
  • These weaknesses in economic performance point to continued rigidities and imperfections in the euro area economy. (europa.eu)
  • In addition, this excessive power that financial capital exercises over the real economy is deepening with digitization. (nyeleni.org)
  • National Development Strategy of Mongolia defines in a comprehensive manner its policy for the next fourteen years aimed at promoting human development in Mongolia, in a humane, civil, and democratic society, and developing intensively the country's economy, society, science, technology, culture and civilization in strict compliance with global and regional development trends. (who.int)
  • Çalikan, K. & Callon, M. (2009) Economization, part 1: shifting attention from the economy towards processes of economization. (lu.se)
  • citation needed] In economics and accounting, capital accumulation is often equated with investment of profit income or savings, especially in real capital goods. (wikipedia.org)
  • Distributive Politics and Economic Growth, Scholarly Articles 455178, Harvard University Department of Economics. (uni-muenchen.de)
  • In more recent decades, however, mainstream neoclassical economics (sometimes with the help of ecological economists), together with corporate finance, have completely separated the concept of natural capital from its original use-value-based critique, the memory of which has long receded, conceiving natural capital instead entirely in exchange-value terms, as just another form of financialized capital. (monthlyreview.org)
  • Yes, you can access Dependency Theory Revisited by B.N. Ghosh in PDF and/or ePUB format, as well as other popular books in Economics & Economic Theory. (perlego.com)
  • Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms ," Journal of Mathematical Economics , Elsevier, vol. 49(4), pages 312-334. (repec.org)
  • Inflation and Economic Growth ," Annals of Economics and Finance , Society for AEF, vol. 14(1), pages 121-144, May. (repec.org)
  • Serguey Braguinsky is an associate professor at the University of Maryland Robert H. Smith School of Business and the Department of Economics, a research associate at the NBER Productivity, Innovation, and Entrepreneurship Program, and professor (cross-appointment) at the Institute of Social and Economic Research, Osaka University. (umd.edu)
  • He has written extensively about the Meiji-Era Japanese Cotton Spinning Industry and has published in leading economics and management journals, such as American Economic Review, Journal of Financial Economics, Strategic Management Journal, Journal of Law and Economics, Journal of Economic History, and Review of Economic Dynamics. (umd.edu)
  • The teaching of economics is in crisis too, and this crisis has consequences far beyond the university walls," the student letter states, adding: "We, 42 associations of economic students from 19 different countries, believe it is time to reconsider the way economics is taught. (universityworldnews.com)
  • The student associations - with names like the Post-Crash Economics Society from Manchester University in England, the Network for Pluralist Economics in Germany and the Javadhpur University Heterodox Economics Association in India - were either established or motivated by the 2008 economic crisis and inability of 'mainstream economics' to predict or communicate the dangers of economic downturn to the public. (universityworldnews.com)
  • It is time to rethink some of the basic building blocks of economics", Haldane wrote, referring to the 2008 creation by George Soros of the Institute for New Economic Thinking, or INET, "to stimulate a refresh and reset of the economics discipline and, within that, economics teaching. (universityworldnews.com)
  • The need for alternatives to 'mainstream' economic analysis is also supported by a number of best-selling books such as Ha-Joon Chang's Economics: The user's guide and the present volume by Thomas Piketty, Capital in the Twenty-First Century . (universityworldnews.com)
  • This is a co-authored article with Ricardo Hausmann and Andrés Velasco on growth diagnostics, which revives an old tradition in development economics - that of looking at the binding constraints on growth and basing policy recommendations on the removal of these constraints. (epw.in)
  • Capital accumulation refers ordinarily to: real investment in tangible means of production, such as acquisitions, research and development, etc. that can increase the capital flow. (wikipedia.org)
  • Inequality, Human Capital Formation and the Process of Development (NBER Working Paper No. 17058). (uni-muenchen.de)
  • From Physical to Human Capital Accumulation: Inequality and the Process of Development. (uni-muenchen.de)
  • Inequality, Human Capital and Development: Making the Theory Face the Facts (MPRA Paper No. 18973). (uni-muenchen.de)
  • Initial Conditions and Economic Development: The Malaysian Case 5. (e-elgar.com)
  • Human Capital Accumulation: Education Development in Malaysia 9. (e-elgar.com)
  • Are the desiderata of ecological sustainability and human development realised under the logic of primary accumulation and a neoliberal commitment to economic growth? (epw.in)
  • Establishing a vibrant manufacturing sector is a powerful engine of growth and development, and few people can deny this. (lse.ac.uk)
  • [2] Karamoja remains the least developed part of the country with lower human development indicators due to limited access to school, poor infrastructure resulting in abject poverty and regional inequality. (grin.com)
  • Dependency is a type of mechanism which can explain the causes of economic development and underdevelopment. (perlego.com)
  • Policy interventions targeting Schumpeterian entrepreneurship objectives-e.g., innovative entrepreneurship and the development of new technologies-are conducive to technical change by promoting upward shifts in the countries' production function and, consequently, productivity growth. (springer.com)
  • We analyze the role of demographic changes in the economic development process by studying the transitional and the long-run impact of both the rate of population growth and the initial population size on the levels of per capita human capital and income. (repec.org)
  • Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms ," LIDAM Discussion Papers IRES 2011039, Université catholique de Louvain, Institut de Recherches Economiques et Sociales (IRES). (repec.org)
  • Growth vs. level effect of population change on economic development: An inspection into human-capital-related mechanisms ," Post-Print hal-01498251, HAL. (repec.org)
  • The article deals with the analysis of the processes of human capital development in the context of the introduction of digital technologies in the Federation subjects. (atlantis-press.com)
  • We examine the factors that contribute to early state formation and long-run economic development. (csic.es)
  • Country Studies are published with approval of the subject government to communicate the results of the Bank's work on the economic and related conditions of member countries to governments and to the development community. (worldbank.org)
  • The increase of competitiveness in Mexico depends largely on the development of its human capital nationwide, a process that would benefit from a wide array of cooperative regional projects involving student mobility, research, and short-term practical courses for young students engaged in dual and apprenticeship programs in which corporations and small businesses play a key role. (brookings.edu)
  • Organizations such as the World Economic Forum (WEF) or the World Business Council for Sustainable Development, which represent corporate interests, are increasingly strong in the UN. (nyeleni.org)
  • As the world economic and market relations are influenced by boundless information flow, huge movements of people, goods and services, and, based on that, a totally new context of globalization is emerging, countries around the world started to define their long-term policies for human, social development and economic growth coordinating them closely with global and regional development trends. (who.int)
  • Asia is emerging to become an important global development epicenter in addition to America and Europe, and this process is gaining momentum with rapidly developing economies and growing populations of India and China and attracting due attention of the world. (who.int)
  • Despite the rising backlash against migrants and minorities, highly skilled minorities can contribute to the economic activities and development of their local communities. (lu.se)
  • The study documents that there is a sizable Armenian and Greek legacy effect in Turkey on contemporary measures of economic development. (lu.se)
  • This research studies whether the positive legacy effects of these high-skilled groups are sufficiently strong -against the backdrop of the potentially adverse impact of the expulsions themselves- to impart a lasting imprint on the subsequent spatial patterns of economic development of the locations they departed. (lu.se)
  • These tragic episodes provide us with two unique experiments of history that are well suited to empirically assess the long-run legacy of productive minorities on regional development, in general, and on local human capital, in particular. (lu.se)
  • My own simple growth accounting for the fastest growing economies from 1991-2017 concurs: capital accumulation explains 50% of real GDP growth, and TFP explains 35 percent. (jobsanddevelopment.org)
  • Countries where businesses, governments and other institutions have engendered more trust experience stronger per capita real GDP growth, a standard measure of economic prosperity. (deloitte.com)
  • For example, one meta-analysis of the economic literature shows that a 10-percentage point increase in the share of trusting people within a country should raise annual per capita real GDP growth by about 0.5 percentage point. (deloitte.com)
  • That is a substantial gain given that annual global per capita real GDP growth averaged about 2.2% between 2015 and 2019. (deloitte.com)
  • 4 For a country such as Brazil, raising trust to attainable levels seen in other countries would ensure that its per capita real GDP growth rate was at least that of the global average, adding more than US$40 billion to its 2019 output (figure 1). (deloitte.com)
  • The definition of capital accumulation is subject to controversy and ambiguities, because it could refer to: a net addition to existing wealth a redistribution of wealth. (wikipedia.org)
  • Most often, capital accumulation involves both a net addition and a redistribution of wealth, which may raise the question of who really benefits from it most. (wikipedia.org)
  • But if some accumulate capital only at the expense of others, wealth is merely shifted from A to B. It is also possible that some accumulate capital much faster than others. (wikipedia.org)
  • In principle, it is possible that a few people or organisations accumulate capital and grow richer, although the total stock of wealth of society decreases. (wikipedia.org)
  • social capital, i.e. the wealth and productive capacity that the people in a society hold in common, rather than as individuals or corporations. (wikipedia.org)
  • Standard indicators include capital formation, gross fixed capital formation, fixed capital, household asset wealth, and foreign direct investment. (wikipedia.org)
  • In the case of the US, the "Analytical Perspectives" document (an annex to the yearly budget) provides useful wealth and capital estimates applying to the whole country. (wikipedia.org)
  • The presented empirical results, using Korean data from 1998 to 2008, imply that education plays a significant role in the divergence of household wealth over time and that the government's financial aid package in the form of the new student loans program positively influences equality and short-run economic growth by promoting the number of skilled workers. (uni-muenchen.de)
  • Finally, prices of manufactured products tend to increase overtime, a classic breakthrough to wealth accumulation and economic competitiveness. (lse.ac.uk)
  • The Paris-based economist, who is inspired by economic historian Fernand Braudel and the 'Annales School ('History Without Names'), monitored economic growth and the global dynamics of income and wealth distribution over the last 200 years, and delivers predictions for capital accumulation and distribution across many countries. (universityworldnews.com)
  • This process would make it possible to confront the challenges of globalization and the unbridled accumulation of wealth. (nyeleni.org)
  • Economic Growth and Income Inequality. (uni-muenchen.de)
  • This thesis consists of three self-contained papers in theoretical and computational macroeconomics and growth theory with income inequality and human capital accumulation as common themes. (lu.se)
  • The paper develops a model for endogenous income inequality that fits US evidence while comparing popular income processes. (lu.se)
  • Positioning our work in the emerging literature dealing with the connection between entrepreneurship and economic growth (Acs et al. (springer.com)
  • More concretely, we evaluate if the national system of entrepreneurship is conducive to productivity growth by enabling and enhancing different types of entrepreneurship which we link to different sources of productivity growth. (springer.com)
  • Consistent with Chenery and Syrquin's findings, we see here that increased investment (gross fixed capital formation) drove growth in the largest countries (China, India, and Bangladesh), and a combination of net trade and investment featured in the smaller countries. (jobsanddevelopment.org)
  • The declining female labour force participation in India alongside high economic growth is puzzling. (epw.in)
  • This article provides an analysis of the imposition of capitalist property rights over natural resources in India as processes of primary accumulation. (epw.in)
  • This book sketches a road map of privatisation, accumulation and dispossession of communal land in the tribal areas of North East India from pre-colonial times to the neo-liberal era. (bibliaimpex.com)
  • The book refers to data from an ongoing cohort study, started in New Delhi in 1969, and finds that growth monitoring can have great intergenerational impact in India, where both childhood and adult morbidity are very high. (bibliaimpex.com)
  • This is an appeal to the subscribers, contributors, advertisers and well-wishers of Economic and Political Weekly (EPW), published by Sameeksha Trust, a public charitable trust registered with the office of the Charity Commissioner, Mumbai, India. (epw.in)
  • They speak to the changing dynamics of capitalist accumulation, labor force, and subject formation while unsettling the visibility/invisibility dichotomy. (ici-berlin.org)
  • At the same time, the Bank has down-played the importance for growth of accumulating more human or physical capital. (jobsanddevelopment.org)
  • both capital (physical and human) accumulation and improvements in economic efficiency are central to the growth process. (jobsanddevelopment.org)
  • This nineteenth-century notion of "natural capital," conceived in physical, use-value terms, was to be revived in the 1970s and '80s as part of an emerging ecological critique. (monthlyreview.org)
  • This implies that they have reallocated their physical, human and financial resources towards more productive sectors such as manufacturing. (lse.ac.uk)
  • The main mechanism for these results are shown to be differences in skill profiles, cross-productivity of skills and the faster accumulation rate of physical vis-à-vis human capital due to advanced skills being more difficult to master. (lu.se)
  • It's a simple and basic model which focuses on physical capital per worker. (ipl.org)
  • Rodrik and his coauthors propose an original way, in the form of a decision tree, of going about identifying the most binding constraints on growth or, to be more precise, on physical capital accumulation. (epw.in)
  • Ultimately, obesity results from a long-standing imbalance between energy intake and energy expenditure, including energy utilization for basic metabolic processes and energy expenditure from physical activity. (msdmanuals.com)
  • This unified theory encompasses the observed evolution of population, technology and income per capita in the long transition from an epoch of Malthusian stagnation to sustained economic growth. (ssrn.com)
  • We prove that the level effect of the population rate of growth is non-negative (positive in the empirically most relevant case) for the average level of human capital, but a priori ambiguous for the level of per capita income due to the interaction of three transmission mechanisms of demographic shocks, a standard one (dilution) and two non-standard (altruism and human capital accumulation). (repec.org)
  • Overall, the sign of the level effects of population growth depend on preference and technology parameters, but numerically we show that the joint negative effect of dilution and altruism is always stronger than the finduced positive human capital effect. (repec.org)
  • The growth effect of population growth depends basically on the attitude to intergenerational altruism and intertemporal substitution. (repec.org)
  • Moreover, we also prove that the long-run level effects of population size on per capita human capital and income may be negative, nil, or positive, depending on the relationship between preferences and technology, while its growth effect is zero. (repec.org)
  • In particular, it entails a negative effect of population growth on per capita income, which dominates in the initial periods, and a positive effect which restores a positive correlation between population growth and economic performance in the long term. (repec.org)
  • Malthus had collected empirical data and proposed that human population growth increases at an exponential rate. (ipl.org)
  • This means that in the long run arithmetic food growth coupled with an exponential growth of human population would lead to a future where humans have little to no resources to survive on. (ipl.org)
  • demographical changes including high rates of fertility and population growth, and epidemiological changes such as the substantial increase in prevalence of chronic diseases are among the major challenges facing the Palestinian health system. (who.int)
  • Updated every three years with annual progress reports, they describe the country's macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. (imf.org)
  • Regional growth is set to increase by 7.1 percent in 2021 and 2022, as the economic recovery in South Asia continues. (worldbank.org)
  • In a new paper, Arbatli and Gokmen (2022) examine the economic footprints of the two largest non-Muslim communities in the Ottoman Empire, i.e. (lu.se)
  • Since the mid-1970s, neoliberal economic policies have increasingly pervaded rich democracies. (wikiquote.org)
  • Third, neoliberal policies have shifted economic and political power to private businesses, executives, and the very rich. (wikiquote.org)
  • In macroeconomics, following the Harrod-Domar model, the savings ratio ( s {\displaystyle s} ) and the capital coefficient ( k {\displaystyle k} ) are regarded as critical factors for accumulation and growth, assuming that all saving is used to finance fixed investment. (wikipedia.org)
  • Many countries experienced lower investment flows, disruptions in supply chains, and setbacks to human capital accumulation. (worldbank.org)
  • Endogenous Growth without Scale Effects. (uni-muenchen.de)
  • It employs a blend of historical, neoclassical, Kaldorian, and endogenous growth frameworks to shed further light on the growth process. (e-elgar.com)
  • Endogenous Growth: The Evolution of Technological Progress 4. (e-elgar.com)
  • And the British universities seemed the perfect solution to Britain's long term macro-economic discontents. (metamute.org)
  • The COVID-19 pandemic has undercut human capital accumulation and gender equity. (imf.org)
  • World Bank projections show that economic activity in South Asia will stay well below the pre-pandemic trend for several years. (worldbank.org)
  • South Asia's average annual growth is forecast to be 3.4 percent over 2020-23, which is 3 percentage points less than it was in the four years preceding the pandemic. (worldbank.org)
  • Although the dynamic has suffered from changing circumstances in policy, funding, and the negative impacts of the COVID-19 pandemic, there is a valuable accumulation of successful experiences and best practices to build on. (brookings.edu)
  • In the medium-term, however, it is in particular the lower productivity growth, which weighs on the competitiveness of European firms. (europa.eu)
  • To ensure that the advantage of European exporters in specific high value added varieties is not eroded over time, to regain price competitiveness across all euro area countries, and to improve labour market performance and potential output growth, the euro area needs to implement structural reforms directed to boost productivity growth and enhance the functioning of both labour and product markets. (europa.eu)
  • Most of the studies conducted to examine the growth performance of many developing economies are based on the traditional neoclassical growth frameworks. (e-elgar.com)
  • The discussions focused on the economic outlook, especially for inflation, the 2019 budget, reducing credit market segmentation, improving statistics, and better coordinating technical assistance. (trend.az)
  • The most basic conflict of our time, that of economic growth vs. ecological integrity, is driven by a common desire and demand to maintain the safety and comfort of our home. (dissidentvoice.org)
  • a world where all that one has seems to come from economic activity and not from the ecological processes which underlie and sustain all living existence. (dissidentvoice.org)
  • Saying that one is aware of ecological issues because one goes camping, hunting or boating is like saying that I know about economic issues because I go and buy something at the mall. (dissidentvoice.org)
  • But there are major differences between the primacy of the ecological order compared to the economic order. (dissidentvoice.org)
  • Humanity, therefore, is facing issues of ecological survival on two levels: (1) a still reversible but rapidly worsening Earth System crisis, threatening to undermine civilization as a whole and make the planet uninhabitable for the human species, and (2) accelerating extreme weather and other ecological disasters associated with climate change that are now unavoidable in the coming decades, affecting localities and regions throughout the globe. (transcend.org)
  • And let us be clear: for capital, the primary purpose of production is not to meet specific human needs or to achieve social progress, much less to achieve any concrete ecological goals. (monthlyreview.org)
  • With today's ever-growing economic and ecological crisis, the dominance of technical rationality marks the cybernetic management of an uncertain future. (ici-berlin.org)
  • Since it was published in 2001, Easterly and Levine's ideas have shaped much of World Bank thinking about growth policies, which have often stressed the importance of Total Factor Productivity (TFP), as represented by the constant term (A) in a standard Cobb Douglas Production function. (jobsanddevelopment.org)
  • Echoing the seminal work by Solow ( 1957 ), economists have devoted a great deal of effort to evaluating the sources of productivity growth between and within countries over time. (springer.com)
  • It also recommends improvements in the structure of Ukraine's import tariffs, reform of both the regime of free economic zones and mechanism of the value-added tax (VAT) refund, and investment in a major upgrade of government capacity for investment and export promotion. (worldbank.org)
  • Nevertheless, given rapid domestic demand growth and the unfavorable inflation outlook, the Central Bank of Uzbekistan (CBU) increased the refinancing rate from 14 to 16 percent in September. (trend.az)
  • The recent increases in interest rates imposed by the Federal Reserve to prevent inflation have been criticized for threatening the economic recovery, especially since inflation has barely increased. (nybooks.com)
  • The Role of Manufacturing in Economic Growth: A Kaldorian Perspective 8. (e-elgar.com)
  • The book, gives an overview of India's Act East Policy from economic and strategic perspective and enumerate on issues and areas whereby the North-Eastern states can effectively contribute to India's Act East Policy. (bibliaimpex.com)
  • From a supply-side perspective, there are just two ways to raise per capita GDP growth-increase business investment or raise productivity-and trust affects both (figure 2). (deloitte.com)
  • This represents the culmination of a theoretical shift in the dominant economic paradigm aimed at the unlimited accumulation of total capital, now seen as including "natural capital. (monthlyreview.org)
  • The aim of capital accumulation is to create new fixed and working capitals, broaden and modernize the existing ones, grow the material basis of social-cultural activities, as well as constituting the necessary resource for reserve and insurance. (wikipedia.org)
  • The 2008-2013 cycle is generated with investment in social and capital areas - such as infrastructure - and with the export expansion of commodities. (una.py)
  • A widely-cited social cost-benefit analysis conducted by the National Council of Applied Economic Research projected net benefi ts from the POSCO steel project in Odisha. (epw.in)
  • Concurrently, economic management is becoming prudent, a middle class is emerging, and social indicators are rapidly improving. (lse.ac.uk)
  • The authorities have continued to press ahead with economic and social reforms on all fronts. (trend.az)
  • There have been such moments in the past, such as the post-war social compromise between capital and labour specific to the social democratic state in the West, the actually existing socialism in the East, and the popular national projects of the South. (p2pfoundation.net)
  • At the other pole of society, the National Economic and Social Impact Survey by the Salvation Army charity of the people seeking its help, found that soaring housing costs pushed many into "bleak" circumstances. (wsws.org)
  • As Browne wrote in his Executive Summary, a degree is of benefit both to the holder, through higher levels of social contribution and higher lifetime earnings, and to the nation, through higher economic growth rates and the improved health of society. (metamute.org)
  • We will also study social conflict and the design of political institutions, the conditions under which checks and balances spread, making systems (countries) robust to economic and political crisis. (csic.es)
  • In this project we propose an analysis of the optimality of different political interventions in a number of social and economic issues. (csic.es)
  • We focus both on specific and currently relevant applications such as the mobile and automobile markets and crowdfunding, as well as on more general issues about the functioning and economic consequences of certain social and economic institutions. (csic.es)
  • The ultimate goal of this project is to guarantee optimal levels of social welfare in all those environments where those social and economic institutions understudy play a relevant role. (csic.es)
  • Summarising very briefly, capital accumulation may be constrained by inadequate social returns (due, for example, to lack of infrastructure or human capital), by a large wedge between social and private returns (associated, for example, with information and coordination externalities or with government failures) or by a high cost or lack of availability of finance for domestic investment. (epw.in)
  • This constitutional principle has guided public policy, investment, diversification of services, and more importantly, the quest for quality, relevance, and connection to social needs and economic growth. (brookings.edu)
  • Rather than a series of isolated incidents carried out by a few bad apples," they write, "the extraordinary violence and social injustice accompanying the activities of Canadian capital in Latin America are systemic features of Canadian imperialism in the twenty-first century. (minesandcommunities.org)
  • It is hardly surprising in this context that the first references to "natural capital" and to the "earth's capital stock" arose in this same period in the work of radical and socialist political economists, who sought to defend nature and the commons against the intrusions of the market. (monthlyreview.org)
  • Technologies do not appear or operate in a vacuum but have a socio-economic and cultural context. (bibliaimpex.com)
  • Within the context of the Middle East as a setting for both high-tech, post-oil futures and the colonial, imperial violence of petro-politics, both allegories converge to highlight the dialectical nature of computational capital as a matter of mediation between different realms and scales, and thus as a totalizing force. (ici-berlin.org)
  • As we advance in the context of USMCA towards the integration of supply chains in high tech manufacturing and other sectors of our economies, more human talent will be needed, and more of our young people will have unprecedented opportunities to be creative and progress through a trajectory of professional and personal achievement. (brookings.edu)
  • Against the background of inconclusive evidence about the inequality-growth relation, this paper suggests that the level of inequality increases via the human capital channel with credit market imperfections and that this increasing inequality negatively affects economic growth. (uni-muenchen.de)
  • Growth in the communication, construction, mining, and some service sectors remained strong through the third quarter. (trend.az)
  • However, growth in sectors that produce goods that can be traded internationally, mainly agriculture and manufacturing, which are especially important for creating jobs, show little sign of pick up. (trend.az)
  • Slow growth in these sectors seems to reflect intermediate input bottlenecks, such as energy and water shortages, as well as land degradation, pests, and bad weather conditions in the case of agriculture. (trend.az)
  • Stronger efforts to attract foreign direct investment (FDI) are needed to stimulate growth in sectors producing internationally traded goods. (trend.az)
  • Routine cross-notification between the veterinary and human health surveillance systems should be part of any zoonotic disease prevention and control programme, and close collaboration between the two health sectors is particularly important during epidemiological and outbreak investigations. (who.int)
  • Moreover, the scope for primary accumulation remains substantial in view of the hydel potential and new circuits of accumulation emerge under the auspices of free market environmentalism. (epw.in)
  • Structural Change, Labour Utilization and Economic Growth 7. (e-elgar.com)
  • Capital accumulation is the dynamic that motivates the pursuit of profit, involving the investment of money or any financial asset with the goal of increasing the initial monetary value of said asset as a financial return whether in the form of profit, rent, interest, royalties or capital gains. (wikipedia.org)
  • Both non-financial and financial capital accumulation is usually needed for economic growth, since additional production usually requires additional funds to enlarge the scale of production. (wikipedia.org)
  • These initiatives cannot stop the mad rush for financial return that is the result of the logic of accumulation controlled by monopolies. (p2pfoundation.net)
  • Production is controlled overwhelmingly by capital: large corporations, major financial firms, and the 1 percent who own the lion's share of investable assets. (monthlyreview.org)
  • In the tiny but overheated imaginations of public policy planners, the 'stream' of British university graduates would meet a stream of capital credit from the booming financial services industry, and these together would make up a river which would fertilise the fields of national capital accumulation. (metamute.org)
  • At the same time, we are witnessing how global financial capital is becoming increasingly hidden and clandestine. (nyeleni.org)
  • Gordon and Webber take a moment to spell out which "Canadian interests" are really at stake in Latin America-the principal region for Canadian direct investment abroad (CDIA) in the mining sector-and what it has looked like for at least two decades: "liberalization of capital flows, the rewriting of natural resource and financial sector rules, the privatization of public assets, and so on. (minesandcommunities.org)
  • Capital investment both embodies technical change and makes labor more productive. (jobsanddevelopment.org)
  • Increased productivity of existing labor force and economic growth. (grin.com)
  • First, they have increased economic inequality and shifted the distribution of income from labor to capital, leading to stagnant wages for lower-tier workers, even as productivity has grown. (wikiquote.org)
  • Capital wields the power to mobilize our collective labor and our planet's resources for whatever it wants, determining what we produce, under what conditions, and how the surplus we generate shall be used and distributed. (monthlyreview.org)
  • It also permits discussing the welfare effects and trade-offs of tax reforms as individuals adjust their labor supply and human capital accumulation. (lu.se)
  • Here, Q represents GDP while L stands for Labor, K stands for Capital and H stands for Human capital. (ipl.org)
  • Division of labor refers to the process of breaking down a complex task into smaller, more specialized tasks, each performed by different individuals or groups. (proprofs.com)
  • But when I consulted Bosworth and Collins' " The Empirics of Growth: An Update " looking for numbers for Low-Income Countries (LICs) that would validate the thesis of "It's Not Factor Accumulation", I didn't find them. (jobsanddevelopment.org)
  • In this blog, I analyze LIC and LMIC countries with fast per capita GDP growth compared to regional averages over the last 30 years. (jobsanddevelopment.org)
  • In all 3 of these countries, the rise in imports offset the rise in exports, and so in aggregate, foreign savings (the capital account or net transfers) were used to finance part of the increase in investment. (jobsanddevelopment.org)
  • In the smaller countries - Vietnam, Sri Lanka, the Dominican Republic and Albania - investment and net exports drove growth. (jobsanddevelopment.org)
  • The Human Capital Index, which measures children's future productivity relative to a benchmark of full health and complete education, increased in nearly all sub-Saharan countries from 2010 to 2020 (Chart 1). (imf.org)
  • In doing so, it addresses a number of important factors and issues associated with economic growth, and aims to answer to one of the hardest and most fundamental questions - how do we get poor developing countries on the path to sustained growth? (e-elgar.com)
  • Despite devastating COVID-19 waves in the second quarter of 2021, countries were able to minimize economic impacts, thanks to more targeted and localized containment measures and a rebound in global demand. (worldbank.org)
  • Economic growth in most African countries is on a positive trajectory, and the global perception of the continent has evolved to that of sheer optimism. (lse.ac.uk)
  • Since it was first reported in Vietnam in 2003, the disease has been responsible for human outbreaks and deaths in 15 countries in Asia, Europe, Middle East and Africa resulting in 603 human cases including 356 deaths. (who.int)
  • Inter-group transfers of skills and knowledge were instrumental in this process, leading to greater human capital among Muslims in minority regions both in the past and today. (lu.se)
  • Human Capital, Heterogeneity and Estimated Degrees of Intergenerational Mobility. (uni-muenchen.de)
  • The term "allocation" refers to the process of distributing resources, such as money, goods, or services, in a systematic and organized manner. (proprofs.com)
  • This research develops an evolutionary growth theory that captures the interplay between the evolution of mankind and economic growth since the emergence of the human species. (ssrn.com)
  • The theory suggests that prolonged economic stagnation prior to the transition to sustained growth stimulated natural selection that shaped the evolution of the human species, whereas the evolution of the human species was the origin of the take-off from an epoch of stagnation to sustained growth. (ssrn.com)
  • This paper seeks to apply Human Capital Theory and Human Rights approach to critically analyse benefits of basic education in poverty reduction and realisation of regional equality in Northern Uganda. (grin.com)
  • Basic growth theory. (ipl.org)
  • Thus the book is at the same time a defence of neoclassical economic theory and heterodoxy in economic policy or, perhaps better, it attempts to ground heterodox policy in sound neoclassical foundations. (epw.in)
  • Chart 1 describes the flows and relationships between different plan/policy processes in Uganda. (imf.org)
  • The hypothesis of the study is the assumption that the human capital accumulating in the regions has a decisive influence on the formation of conditions and prerequisites for the active introduction of digital technologies. (atlantis-press.com)
  • The third paper develops a task-based framework which incorporates decisions on human capital investment based on the concepts of the psychometric literature on skill formation. (lu.se)
  • Without entering into regional and global processes, or major changes in economic policy, we observe, above all, the hardest and most stable economic relationship between investment and growth. (una.py)
  • The relationship between capital and nature gravitates towards a policy of primary accumulation. (epw.in)
  • A responsible economic policy will disappoint a lot of powerful interest groups, including many in our own party, who expect money to start flowing their way now that you occupy the White House. (motherjones.com)
  • After an introduction that states the proposition just mentioned in the previous paragraph and summarises the main arguments contained in each chapter, the first part of the book focuses on the past economic growth experience and its lessons for policy design. (epw.in)
  • chapter then summarises the stylised facts of the growth record and develops the argument that getting economic growth started requires a relatively narrow range of policy reforms (both orthodox and unorthodox) compared to the more extensive institutional reforms that are needed for sustaining growth over a long period. (epw.in)
  • Together with a careful review of government documents obtained under access to information requests, Gorden and Webber manage to provide a clear account of Canadian foreign policy at work to "ensure the expansion and protection of Canadian capital at the expense of local populations. (minesandcommunities.org)
  • The outlook will depend on the speed of vaccination, the possible emergence of new COVID variants, as well as any major slowdown in global growth momentum. (worldbank.org)
  • In Bangladesh , growth rates are expected to pick up to 6.4 percent in fiscal year 2021-22, as exports and private consumption continue to recover. (worldbank.org)
  • In Pakistan , growth is expected to ease a little to 3.4 percent in fiscal year 2021-22, as fiscal and monetary measures are expected to unwind. (worldbank.org)
  • This persistent influence is grounded on the significant contribution of Armenian and Greek communities to human capital accumulation among Muslims. (lu.se)
  • The study documents that districts with greater Armenian and Greek concentration before the expulsions are today (i) more densely populated, (ii) more urbanized, and (iii) exhibit greater economic activity measured by light density at night. (lu.se)
  • R & D-Based Models of Economic Growth. (uni-muenchen.de)
  • But it not only revives an older approach present, for example, in two-gap and three-gap models of economic growth. (epw.in)
  • Effects of Human Capital and International Trade on Total Factor Productivity and Economic Growth 10. (e-elgar.com)
  • and by extension to: human capital, i.e., new education and training increasing the skills of the (potential) labour force which can increase earnings from work. (wikipedia.org)
  • One important omission in this discussion is the real exchange rate, which may play an important role in igniting growth as Rodrik's work elsewhere on growth accelerations clearly demonstrates [Hausmann, Pritchett and Rodrik 2005]. (epw.in)
  • Control of anthrax among humans depends on the integration of veterinary and human health surveillance and control programmes. (who.int)
  • Instead of reducing computational processes to the instrumentalization of the life-world, her project explores how the logico-cognitive models of computation and their performative executions can challenge the exceptionalism of human thinking stemming from colonial and patriarchal epistemologies. (ici-berlin.org)
  • Technological Progress and Long-run Economic Growth 3. (e-elgar.com)
  • South Asia's recovery continues as global demand rebounded and targeted containment measures helped minimize the economic impacts of the recent waves of COVID-19. (worldbank.org)
  • No wonder the United Nations hailed the continent as a potential global growth pole . (lse.ac.uk)
  • The fifth scenario (SSP5-8.5) points to an increase in the global average temperature of 4.4°C (best estimate)-spelling the collapse of civilization and absolute disaster for the human species. (transcend.org)
  • It also identifies core bottlenecks in the ongoing integration processes, including global and regional integration. (worldbank.org)
  • The paper further identifies indicators of poverty and inequality and analyses the nature of these indicators with respect to education in Northern Uganda and Finally the paper analyses the economic implication of these indicators on education as well as the implication on the rights of children to education in the region. (grin.com)
  • This includes major consultative exercises concerning Uganda's long term goals and objectives, such as Vision 2025, describing national aspirations, and the 1997 Poverty Eradication Action Plan as a national planning framework to guide detailed medium term sector plans, district plans, and the budget process. (imf.org)
  • In contrast to the existing theoretical literature, the long-run level effects of demographic changes, i.e. their impact on the levels of the variables along the balanced growth path, are deeply characterized in addition to the more standard long-run growth effects. (repec.org)
  • A bit more trust could make a big difference in achieving greater overall economic prosperity. (deloitte.com)
  • Using trust among individuals as a proxy for the level of trust built within a country, macroeconomists have shown that as trust improves, economic prosperity grows. (deloitte.com)
  • Per capita real GDP is a standard measure of economic prosperity for a country. (deloitte.com)
  • A lot of presidents before you ducked that reality, buying short-term prosperity and popularity at the expense of the nation's long-term economic health. (motherjones.com)
  • Nevertheless, while it is still possible to avoid irreversible climate change through a massive transformation in the mode of production, it is no longer feasible to circumvent accelerating environmental disasters in the present century on a scale never seen before in human history, endangering the lives and living conditions of billions of people. (transcend.org)
  • Accumulation can be measured as the monetary value of investments, the amount of income that is reinvested, or as the change in the value of assets owned (the increase in the value of the capital stock). (wikipedia.org)
  • Capital stock: Capital available for production in terms of monetary value at one point of time. (ipl.org)
  • Smarter and more productive organization of production can also increase production without increased capital. (wikipedia.org)
  • Since decolonization, Sub-Saharan Africa has made great progress on human capital-the knowledge, skills, and health that people accumulate throughout their lives, enabling them to realize their productive potential. (imf.org)
  • Opaque firms with higher costs of capital benefit more from prestigious underwriters, while productive firms benefit more from talented CEOs. (repec.org)
  • If the answer is yes, then human survival is indeed at stake in the environmental crisis. (transcend.org)
  • Exploiting the crisis rhetoric which had echoed and re-echoed in the bourgeois media since 2007, this moral argument was immediately desublimated into an argument about economic necessity. (metamute.org)
  • the growth of the product and public and private investments in the long term. (una.py)
  • But the recovery remains fragile and uneven, and significant risks exist that could jeopardize short-term recovery and long-term growth. (worldbank.org)