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Productivity and Growth: Crash Course Economics #6
 
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Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 814979 CrashCourse
Economic Growth explained (explainity® explainer video)
 
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The economy is expected to grow steadily. Politics, industry and trade wish for economic growth. But how can economic growth be measured and might the economy eventually fully grown sometime? Our third clip in cooperation with Deutsche Welle explains "Economic Growth". Script download: www.explainity.com/education-project/transskripte/ ------- This explainer video was produced by explainity GmbH Homepage: www.explainity.com E-Mail: [email protected] This explanatory film was produced and published for private, non-commercial use and may be used free of charge in this context for private purposes without consultation or written authorization. Please note, however, that neither the content nor the graphics of this explanatory film may be altered in any way. Please always give explainity as the source when using the film, and if you publish it on the internet, provide a reference to www.explainity.com. For commercial use or use for training purposes, such as projection of the film at training events (e.g. projection of the film as a teaching aid in school or in adult education), a licence is required. Further information on this subject will be found here: https://www.explainity.com/education-project If you are interested in an own explainity explainer video, visit our website www.explainity.com and contact us. We are looking forward to your inquiry.
Views: 104797 explainitychannel
What is Economic Growth?
 
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This A Level Economics video explains what economic growth is and makes a distinction between short run and long term factors that can affect the rate of real GDP growth in a country. MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 40308 tutor2u
Macro Unit 2.1- GDP and Economic Growth
 
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In this short video I explain GDP, the components of GDP, and what is not included in the Gross Domestic Product. Thanks for watching, please subscribe If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 367028 Jacob Clifford
Economic growth and economic development in Urdu/Hindi
 
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This tutorial is about the difference between economic growth and economic development in Urdu/Hindi. Both are explained separately. You will also learn which come first, economic growth or economic development. For more info log on to economicsguider.com/.
Views: 58210 Economics Guider
What is ECONOMIC GROWTH? What does ECONOMIC GROWTH mean? ECONOMIC GROWTH meaning & explanation
 
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What is ECONOMIC GROWTH? What does ECONOMIC GROWTH mean? ECONOMIC GROWTH meaning - ECONOMIC GROWTH definition - ECONOMIC GROWTH explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. Implicitly, this growth rate is the trend in the average level of GDP over the period, which implicitly ignores the fluctuations in the GDP around this trend. An increase in economic growth caused by more efficient use of inputs (such as labor productivity, physical capital, energy or materials) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use (increased population, new territory) is called extensive growth. The economic growth rate is calculated from data on GDP estimated by countries´statistical agencies. The rate of growth of GDP/capita is calculated from data on GDP and population for the initial and final periods included in the analysis. In national income accounting, per capita output can be calculated using the following factors: output per unit of labor input (labor productivity), hours worked (intensity), the percentage of the working age population actually working (participation rate) and the proportion of the working-age population to the total population (demography). "The rate of change of GDP/population is the sum of the rates of change of these four variables plus their cross products."
Views: 3333 The Audiopedia
Secrets of Economic Growth | Ricardo Hausmann
 
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http://www.weforum.org/ Economic Complexity is like a game of Scrabble, says Ricardo Hausmann. The more letters you have, the more words you can make; the more capabilities a country has, the more diverse products it can generate. In this video for the World Economic Forum Hausmann, from the Harvard Kennedy School of Government, uses metaphors and metrics to explain the gap between rich and poor countries. Click on the video for an in depth analysis, or read key quotes below On the growing gap between rich and poor “The secrets of economic growth is the question that Alan Smith started economics with: what's the origin of the wealth of nations and why are some countries rich and other countries poor? The only thing is that when he wrote “The Wealth of Nations”, the richest country in the world was probably the Netherlands, and was about four times richer than the poorest country of the world." “Today, the richest countries in the world are about 250 times richer than the poorest countries in the world. You might say well, what’s problem of the difference incomes between countries? It’s not only between countries. Within the same country - with the same exchange rates, same interest rates, same tax regimes et cetera - you have differences in productivity per worker of about a factor of 10. That's a truly puzzling result.” On growth and productivity “If you think about technology as the explanation for these humongous difference is in productivity, you have to ask yourself why technology doesn’t diffuse. The problem is that in order to implement technology there is a crucial ingredient that at some stage in the production you will need: “know-how”. You need the ability of the brain to do things, something that the brain must be trained to do it and that takes a long time. The diffusion of that is complicated.” “In order to get our minds around “know-how”, I'm going to make a stylised comparison between a traditional Inuit - and here is the Inuit engaged in food production, here in housing construction, and here engaged in transportation - to this guy sitting by a computer wearing glasses. Who has more know-how? Well, the guy uses glasses and doesn't have a clue as to how to make glasses. He has a headset and a computer and doesn't know how to make those things either.” “If I put this guy in the Arctic he will either freeze or starve to death, so there is no practical way that you can say that he has more know-how than the Inuit. But it is possible to say that the society to which this guy belongs knows how to do more things than the society that the Inuit belongs to - not because this society is a bunch of geniuses, but because in this society there are some people who know how to make glasses, know how to make headsets or know how to make other things.” “It's the diffusion of that know-how in society that underpins the capacity to know how to do more things and more complicated things. That doesn't mean the secret of progress is to have large companies. This is a very big chicken company. But it’s not a very complex company, as if you move workers around not much will happen to the production process. But you cannot do that in an orchestra. Here each worker is contributing a different bit of know-how to the whole. So, as you need the whole set of instruments to make the symphony, it's not what you know, it's the network of know-how to which you are connected.” On Scrabble and connecting capabilities So it's being connected to that network, all these other inputs, that allows someone to mobilise all that know-how and to generate productivity. I am going to redescribe this as the game of Scrabble. In Scrabble you have to make words. You are given letters, so think of words as products, words are services. Think of letters as bits of “Know-how.” In order to make something you have to string the bits of know-how together - the same way that you need the different instruments to make a symphony. "If you only have one kind of letter, you're mostly going to make one kind of word. But if I give you more letters, you get an increasing number of words diversification of what you do and longer words, more complex products. For example the most diverse country in the world is Germany, and there are very few other countries that are able to do the things that Germany is able to do. While the poorest countries in the world make few things and they make things that everybody knows how to make. They make shorter words. So the more letters you have, the more complex words."
Views: 44328 World Economic Forum
Understanding economic growth | AP Macroeconomics | Khan Academy
 
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In this video, learn about the definition of economic growth and how growth occurs. AP(R) Macroeconomics on Khan Academy: Macroeconomics is all about how an entire nationÕs performance is determined and improved over time. Learn how factors like unemployment, inflation, interest rates, economic growth and recession are caused and how they affect individuals and society as a whole. We hit the traditional topics from an AP Macroeconomics course, including basic economic concepts, economic indicators, and the business cycle, national income and price determination, the financial sector, the long-run consequences of stabilization policies, and international trade and finance. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything https://www.youtube.com/subscription_center?add_user=khanacademy. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-long-run-consequences-of-stabilization-policies/economic-growth/v/understanding-economic-growth-ap-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 7979 Khan Academy
The Formula For Economic Growth
 
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Economic growth increases when more people work more productively. However, economic growth has slowed in the last decade, as increases in productivity and hours worked have fallen to fractions of their previous rates. Returning to rapid economic growth will require policies that encourage individuals to rejoin the workforce and businesses to invest in physical capital. For more information, please visit the Policyed page here: https://www.policyed.org/intellections/formula-economic-growth/video Additional resources: John Taylor argues for policy reforms to promote economic growth in “Can We Restart The Recovery All Over Again?”: http://stanford.io/2tOVoQB or http://bit.ly/2terZD3 In “Slow economic growth as a phase in a policy performance cycle,” John Taylor discusses the reasons and policies behind our poor economic performance: http://stanford.io/2rSa0SI Read “A Recovery Waiting to Be Liberated” by John Taylor to learn about the policies that can speed up our economic growth here: http://on.wsj.com/2sBwHYA Watch John Taylor’s testimony before the Financial Services Committee concerning monetary policy here: http://bit.ly/2tOSiME In an interview with Bloomberg's Kathleen Hays, John Taylor discusses the global financial instability and roles the central banks play: https://bloom.bg/2ttYiLl Read “Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis” by John B. Taylor to learn more about the 2007-2008 financial crisis here: http://hvr.co/2sUwfYf
Views: 222062 PolicyEd
Geography and Economic Growth
 
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If you look at the African continent, perhaps the first word to come to mind is "enormous." And that's true. You could fit most of the United States, China, India, and a lot of Europe, into Africa. But if you compare Africa to Europe, Europe has two to three times the length of coastline that Africa has. But what does coastline length have to do with anything? Well, coasts mean access to water. As benign as water might seem, it’s a major driver of economic growth. Adam Smith, the father of modern economics, argued that access to water reduced the cost of trade, and gave merchants access to larger markets. These larger markets incentivized specialization and innovation. These twin processes ultimately spurred trade activity, and consequently, economic growth. As an end result, civilization tended to grow wherever trade was easiest. If you want proof of this, think of a few major cities. Look at Istanbul, New York, Venice, Hong Kong, London, and similar areas. What do they all have in common? They all sit near a major coast or a major river. In contrast, look at some of the poorest areas in the world—places like Kampala, or Pointe-Noire. These places are all landlocked. Since goods are easier to transport over water than over land, trade in landlocked areas is more expensive. And what happens when trade is more expensive? It becomes harder to spark economic growth. What this all means is economic growth is not only affected by a country’s rules and institutions, but by a country’s natural blessings, or natural hindrances, too. The effects of geography on growth cannot be discounted. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1QEP6wS Next video: http://bit.ly/1Q0UHtM Help us caption & translate this video! http://amara.org/v/HpAt/
Why is India growing so fast? | CNBC Explains
 
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India is poised to be the world's fastest-growing major economy this year. CNBC's Xin En Lee explains what the world's second most populous economy has going for it. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi
Views: 986750 CNBC International
Why does economic growth matter?
 
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Economic growth is a key driver of improvements in our wealth and our health. But how do we measure economic growth, and what is left out? For more details see our KnowledgeBank guide:
Views: 3537 Bank of England
India vs China Economy Growth Comparison from 1960-GDP-Must See 2018/2017
 
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China India Economy Comparison 2018-India China Economy GDP & Exports Growth Race from 1960-Must See 2018/2017 Their growth in economy and exports have varied largely post 1980 and china had made a huge growth many times higher than India and rest of the world. India and china are 2 prominent economies in the world not only from today but from long history and have been important countries managing large share of global economy. Based on data from World Bank , International Monetary Fund
Views: 145668 TUINT
meaning of economic growth in hindi with features
 
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This video is on economics subject of 11th std of 1st chapter economic growth and and economic development i explained following points in this video 1 continuous process 2 increase in per capita real income 3 long term process 4 quantitative concept 5 no structural change 6 no solution to problem
Views: 6788 commerce educators
Economic Growth and Economic Development in Hindi आर्थिक संवृद्धि और आर्थिक विकास में क्या अंतर है।
 
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Economic Growth refers to the rise in the value of everything produced in the economy. Conversely, Economic Development is defined as the increase in the economic wealth of a country or a particular area, for the welfare of its residents. People often get confused between these two terms easily, but there is a difference. Here, you should know that economic growth is an essential but not the only condition for economic development. In this video, you will find all the substantial differences between economic growth and economic development. Economic Development_ https://youtu.be/3sUoibkKBTQ
Views: 44111 Know Economics
What the strong economic growth means for average Americans
 
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A banner economic report on Friday showed the strongest quarterly growth in the U.S. since 2014. The U.S. gross domestic product grew by 4.1 percent in the second quarter this year, according to the Commerce Department's initial estimate. Amna Nawaz gets analysis from David Wessel of the Brookings Institute. Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: Facebook: http://www.pbs.org/newshour Twitter: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Snapchat: @pbsnews Subscribe: PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts Newsletters: https://www.pbs.org/newshour/subscribe
Views: 5017 PBS NewsHour
Costs and Benefits of Economic Growth
 
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Costs and Benefits of Economics Growth - A look at the costs and benefits of economic growth, great for an evaluation based question
Views: 37950 EconplusDal
Growth Matters | Episode 5: HOW ECONOMIC GROWTH IMPROVES LIVING STANDARDS
 
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GROWTH MATTERS - A CAYMAN ISLANDS CHAMBER OF COMMERCE PUBLIC EDUCATION INITIATIVE What is the Growth Matters Initiative? A campaign led by the Chamber of Commerce to explain how our economy works and why growth is so important for our community. Simply put, a thriving economy doesn’t just benefit business owners, it benefits everyone! Economic growth provides jobs and business opportunities for Caymanians, as well as government revenue for vital services like education and healthcare. Our goal isn’t to make everyone rich. Our goal is a society in which everyone is safe, healthy and happy. That’s what enhancing our economic growth is really all about. Let’s make it happen together! FOR MORE INFO VISIT: www.growthmatters.ky
Looking to 2060: A Global Vision of Long-term Growth
 
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The balance of economic power is expected to shift dramatically over the coming half century, with fast-growing emerging market economies accounting for an ever-increasing share of global output, according to new OECD research. For more information visit: www.oecd.org/economy/lookingto2060.htm
Views: 438356 OECD
Economic Growth and Development - A Comparison
 
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In this module the learner will understand the terms economic growth, economic development and understand the underlying differences between them. This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India. http://www.mexuseducation.com, http://www.ikenstore.in
Views: 68686 Iken Edu
Economic Growth and LRAS- Macro 3.14
 
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In this video I show how LRAS can shift causing economic growth. Keep in mind that a changing in consumption or government spending doesn't lead to more output in the long run if there is not an increase in capital. To permanently produce more output we need more investment in capital, tools, and machinery. Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 119732 Jacob Clifford
Defining GDP - Measuring GDP and Economic Growth (1/3) | Principles of Macroeconomics
 
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In this video we take a look at what GDP is, how to calculate it, and some pros and cons of the economic measure. Some subtopics covered in this series: - the definition of GDP - the circular flow of expenditure - differentiating net and gross - the expenditure approach to calculating GDP - the income approach to calculating GDP - differentiating between nominal and real GDP - calculating real GDP using the base-year method and the chained-dollar method - evaluating real GDP
Views: 9349 Inspirare
Y1/IB 5) Causes of Economic Growth (Short Run and Long Run) with Evaluation
 
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Causes of Economic Growth (Short Run and Long Run) with Evaluation - The causes of economic growth in both the short and long run with strong evaluative points to use in the exam Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 85022 EconplusDal
Engine of Growth: What's Next For Asia Pacific Economic Development?
 
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Over the past few decades, Asia Pacific has been a near-monolithic engine of global economic growth. But as individual economies mature, the region's future path looks less homogenous. What does that mean for individual countries' development? What opportunities (and pitfalls) does it create for investors? Eight prominent business and political leaders in the region shared their views on these key questions during Credit Suisse's 2014 Asian Investment Conference. Read the article/transcript on our website: http://bit.ly/1vrhu7h ------------------------------------------------------------------------------------ Check out our playlist for more videos on global trends: https://www.youtube.com/playlist?list=PLmDA_ZBNyqlK5WZH8kkNAvaROIJu7Njn1 Subscribe to our channel: http://www.youtube.com/subscription_center?add_user=creditsuissevideos Connect with us on: LinkedIn: http://www.linkedin.com/companies/credit-suisse YouTube: http://www.youtube.com/creditsuissevideos Twitter: http://www.twitter.com/creditsuisse Facebook: http://www.facebook.com/creditsuisse Flickr: http://www.flickr.com/creditsuisse Google: https://plus.google.com/+creditsuisse
Views: 11131 Credit Suisse
Economic growth & Development 1
 
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IAS, IAS, IAS coaching classes videos, IAS preparation, IAS preparation videos, Civils, Civil services, Civils preparation videos, Civils preparation,IAS online coaching classes online, Indian Economic growth and Development online classes, Online coaching classes for IAS can be found here, IAS coaching classes online, Civils coaching classes online, UPSC coaching classes can be found here http://youtu.be/l5vZCfG9FZ4
Views: 124500 Rama Sameer
ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT|INDIAN ECONOMY|Chapter-4
 
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IS VIDEO M MAINE INDIA HONE WAALI KI ECONOMIC GROWTH AUR ECONOMIC DEVELOPMENT ME ANTAR KO SAMJHAYA HAI FOLLOW ME ON FACEBOOK :- https://www.facebook.com/alok1182 LIKE MY FACEBOOK PAGE :- https://www.facebook.com/TARGETwithAlok/ FOLLOW ME ON TWITTER :- https://twitter.com/targetwithalok FOLLOW ME ON GOOGLE+ :- https://plus.google.com/101830681512077634274 -~-~~-~~~-~~-~- Please watch: "No one can defeat you unless you defeat yourself | Motivational video" https://www.youtube.com/watch?v=UrziZuEhg6c -~-~~-~~~-~~-~-
Views: 174753 TARGET with alok
What Is The GDP And What Does Its 4.1 Percent Growth Mean? | Velshi & Ruhle | MSNBC
 
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Watch Ali Velshi explain what the GDP is and why President Trump is so excited about it. Kevin Hassett, the Chairman of the Council of Economic Advisers and Jared Bernstein, former chief economist to Vice President Joe Biden join the conversation to discuss trade, wages, interest rates and the growth of the GDP. » Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc About: MSNBC is the premier destination for in-depth analysis of daily headlines, insightful political commentary and informed perspectives. Reaching more than 95 million households worldwide, MSNBC offers a full schedule of live news coverage, political opinions and award-winning documentary programming -- 24 hours a day, 7 days a week. Connect with MSNBC Online Visit msnbc.com: http://on.msnbc.com/Readmsnbc Subscribe to MSNBC Newsletter: MSNBC.com/NewslettersYouTube Find MSNBC on Facebook: http://on.msnbc.com/Likemsnbc Follow MSNBC on Twitter: http://on.msnbc.com/Followmsnbc Follow MSNBC on Instagram: http://on.msnbc.com/Instamsnbc What Is The GDP And What Does Its 4.1 Percent Growth Mean? | Velshi & Ruhle | MSNBC
Views: 113497 MSNBC
Growing Green Economies
 
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On the eve of Rio+20, OECD calls for greening growth to improve the economy, protect the environment, and reduce global inequality. For more info visit: www.oecd.org/rio+20
Views: 64798 OECD
DNA: India  posts 7.7% GDP growth in Q4, highest since demonetisation
 
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Indian economy grew at 7.7 percent during January-March quarter (Q4) of financial year 20171-18 compared to 6.1 percent a year ago, driven by gains in manufacturing and consumer spending, Central Statistics Office data showed on Thursday. About Channel: Zee News is a Hindi news channel with 24 hour coverage. Zee News covers breaking news, latest news, politics, entertainment and sports from India & World. ------------------------------------------------------------------------------------------------------------- Subscribe to our other network channels: Zee Business: https://goo.gl/fulFdi Dr. Subhash Chandra Show: https://goo.gl/fCugXC Daily News and Analysis: https://goo.gl/B8eVsD ------------------------------------------------------------------------------------------------------------- You can also visit us at: http://zeenews.india.com/ Like us on Facebook: https://www.facebook.com/ZeeNews Follow us on Twitter: https://twitter.com/ZeeNews Follow us on G+: https://plus.google.com/+Zeenews
Views: 51295 Zee News
DNA: Analysis on increase of India's GDP growth rate
 
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DNA: This is a special segment of Zee News which does analysis on increase of India's GDP growth rate. Watch this video for more information. About Channel: Zee News is a Hindi news channel with 24 hour coverage. Zee News covers breaking news, latest news, politics, entertainment and sports from India & World. ------------------------------------------------------------------------------------------------------------- Subscribe to our other network channels: Zee Business: https://goo.gl/fulFdi Dr. Subhash Chandra Show: https://goo.gl/fCugXC Daily News and Analysis: https://goo.gl/B8eVsD ------------------------------------------------------------------------------------------------------------- You can also visit us at: http://zeenews.india.com/ Like us on Facebook: https://www.facebook.com/ZeeNews Follow us on Twitter: https://twitter.com/ZeeNews Follow us on G+: https://plus.google.com/+Zeenews
Views: 82709 Zee News
Explaining Modern Economic Growth – Deirdre McCloskey
 
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Serious Science - http://serious-science.org Economist Deirdre McCloskey on economic development, Adam Smith, and the importance of liberalism http://serious-science.org/explaining-modern-economic-growth-5979
Views: 4729 Serious Science
Nominal vs. Real GDP
 
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"Are you better off today than you were 4 years ago? What about 40 years ago?" These sorts of questions invite a different kind of query: what exactly do we mean, when we say “better off?” And more importantly, how do we know if we’re better off or not? To those questions, there’s one figure that can shed at least a partial light: real GDP. In the previous video, you learned about how to compute GDP. But what you learned to compute was a very particular kind: the nominal GDP, which isn’t adjusted for inflation, and doesn’t account for increases in the population. A lack of these controls produces a kind of mirage. For example, compare the US nominal GDP in 1950. It was roughly $320 billion. Pretty good, right? Now compare that with 2015’s nominal GDP: over $17 trillion. That’s 55 times bigger than in 1950! But wait. Prices have also increased since 1950. A loaf of bread, which used to cost a dime, now costs a couple dollars. Think back to how GDP is computed. Do you see how price increases impact GDP? When prices go up, nominal GDP might go up, even if there hasn’t been any real growth in the production of goods and services. Not to mention, the US population has also increased since 1950. As we said before: without proper controls in place, even if you know how to compute for nominal GDP, all you get is a mirage. So, how do you calculate real GDP? That’s what you’ll learn today. In this video, we’ll walk you through the factors that go into the computation of real GDP. We’ll show you how to distinguish between nominal GDP, which can balloon via rising prices, and real GDP—a figure built on the production of either more goods and services, or more valuable kinds of them. This way, you’ll learn to distinguish between inflation-driven GDP, and improvement-driven GDP. Oh, and we’ll also show you a handy little tool named FRED — the Federal Reserve Economic Data website. FRED will help you study how real GDP has changed over the years. It’ll show you what it looks like during healthy times, and during recessions. FRED will help you answer the question, “If prices hadn’t changed, how much would GDP truly have increased?” FRED will also show you how to account for population, by helping you compute a key figure: real GDP per capita. Once you learn all this, not only will you see past the the nominal GDP-mirage, but you’ll also get an idea of how to answer our central question: "Are we better off than we were all those years ago?" Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/24pzD7X Next video: http://bit.ly/1TGgR8r Help us caption & translate this video! http://amara.org/v/H0PX/
Economic Development Unit:  Sources of Economic Growth
 
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Hey Everyone, This is video 2 of 6 videos in “The Economic Development Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEhlr-c4dpa1xqQf-Sq2BXv The List! Here is the “The List” for “The Economic Development Series”: For an explanation of the logic of “The Lists” click here: https://youtu.be/dE0fbsgXlFE What is economic development? Sources of economic growth 1. Natural factors 2. Human capital factors 3. Physical capital and technological factors 4. Institutional factors Does economic growth lead to economic development? 1. Higher incomes 2. Improved economic indicators of welfare 3. Higher government revenues 4. Creation of inequality 5. Negative externalities and lack of sustainability Common characteristics of developing countries 1. Low standard of living, low incomes, inequality, poor health, and inadequate education 2. Low levels of productivity 3. High rates of population growth and dependency burdens (child and old age ratios) 4. High and rising levels of unemployment and underemployment 5. Substantial dependence on agricultural production and primary market exports 6. Prevalence of imperfect markets and limited information 7. Dominance, dependence, and vulnerability in international relations Diversity among developing nations 1. Resource endowment 2. Historical background 3. Geographic and demographic factors 4. Ethnic and religious breakdown 5. The structure of industry 6. Per capita income levels 7. Political structure International development goals 1. Goal 1: Eradicate extreme poverty and hunger 2. Goal 2: Achieve universal primary education 3. Goal 3: Promote gender equality and empower women 4. Goal 4: Reduce child mortality 5. Goal 5: Improve maternal health 6. Goal 6: Combat HIV/AIDS, malaria, and other diseases 7. Goal 7: Ensure environmental sustainability 8. Goal 8: Develop a Global Partnership for Development I hope you find these videos helpful to your study of Economics. Enjoy! Brad Cartwright
Breaking down what 4.1 percent economic growth means
 
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CBS News breaks down what 4.1 percent economic growth means and whether it's sustainable in the long run.
Views: 1177 CBS News
Intro to the Solow Model of Economic Growth
 
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Here's a quick growth conundrum, to get you thinking. Consider two countries at the close of World War II—Germany and Japan. At that point, they've both suffered heavy population losses. Both countries have had their infrastructure devastated. So logically, the losing countries should’ve been in a post-war economic quagmire. So why wasn't that the case at all? Following WWII, Germany and Japan were growing twice, sometimes three times, the rate of the winning countries, such as the United States. Similarly, think of this quandary: in past videos, we explained to you that one of the keys to economic growth is a country's institutions. With that in mind, think of China's growth rate. China’s been growing at a breakneck pace—reported at 7 to 10% per year. On the other hand, countries like the United States, Canada, and France have been growing at about 2% per year. Aside from their advantages in physical and human capital, there's no question that the institutions in these countries are better than those in China. So, just as we said about Germany and Japan—why the growth? To answer that, we turn to today's video on the Solow model of economic growth. The Solow model was named after Robert Solow, the 1987 winner of the Nobel Prize in Economics. Among other things, the Solow model helps us understand the nuances and dynamics of growth. The model also lets us distinguish between two types of growth: catching up growth and cutting edge growth. As you'll soon see, a country can grow much faster when it's catching up, as opposed to when it's already growing at the cutting edge. That said, this video will allow you to see a simplified version of the model. It'll describe growth as a function of a few specific variables: labor, education, physical capital, and ideas. So watch this new installment, get your feet wet with the Solow model, and next time, we'll drill down into one of its variables: physical capital. Helpful links: Puzzle of Growth: http://bit.ly/1T5yq18 Importance of Institutions: http://bit.ly/25kbzne Rise and Fall of the Chinese Economy: http://bit.ly/1SfRpDL Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1RxdLDT Next video: http://bit.ly/1RxdSzo Help us caption & translate this video! http://amara.org/v/IHQj/
India's growth spurt: What's driving the world's fastest-growing economy?
 
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Subscribe to France 24 now : http://f24.my/youtubeEN FRANCE 24 live news stream: all the latest news 24/7 http://f24.my/YTliveEN India saw better-than-expected growth of 7.5 percent in 2015. Its economy has become the fastest growing in the world. How much of this success can be attributed to Prime Minister Narendra Modi? Also on the programme: it's been another tumultuous week on global stock markets, with European shares hitting two-year lows. In times of trouble, investors like to flee to a safe haven. Gold has traditionally been the go-to asset during turbulent times, but is it a sure thing? Finally, we take a look at a French business school which teaches students from China how to sell French wine back home. Visit our website : http://www.france24.com Subscribe to our YouTube channel : http://f24.my/youtubeEN Like us on Facebook : https://www.facebook.com/FRANCE24.English Follow us on Twitter : https://twitter.com/France24_en
Views: 98510 FRANCE 24 English
Brazilian Economy:  5 Steps to Kickstart Economic Growth
 
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Inside Brazil's Economy: The reelection of President Dilma Rousseff (albeit by a small margin) suggests that a majority of Brazilians still believes she can steer the country out of its current malaise. But what should be her strategy? | Click here to read the latest blog post: 5 Steps to Kickstart Brazilian Growth *** http://bit.ly/1Frx1IJ *** | Click here to subscribe to the GED channel now: http://bit.ly/1lzyCGV | Please share this video: http://bit.ly/1petM3H ________________________________________________ 5 Steps to Kickstart Brazilian Growth Inside Brazil's Economy: The reelection of President Dilma Rousseff (albeit by a small margin) suggests that a majority of Brazilians still believes she can steer the country out of its current malaise. But what should be her strategy? This is the focus of our new working paper authored by Samuel George in our Washington office in collaboration with Cornelius Fleischhaker of The World Bank. Over the last 20 years, Brazil has taken crucial strides towards achieving its weighty, if elusive, economic potential. When the country rapidly emerged from the Global Recession of 2008-2009, Brazil's momentum seemed unstoppable. More recently, however, the country has hit growing pains. ****** Click here to download the full report: http://bit.ly/1qZM9KX ****** THE FINDINGS: The Foundation of Our Recommendations 01:35 Restoring fiscal discipline should be a top priority 01:57 Get a Handle on Inflation - A Persistent Latin American Problem 02:18 Close the Infrastructure Gap - The Good News is Foreign Investors Still Want in 02:40 Educate a 21st Century Workforce 02:58 Spark Productivity by Reducing Barriers to Trade Click here to get to know more: http://bit.ly/1Frx1IJ | Click here to get updated about the latest news on the topic on google+ : http://bit.ly/1oigvRU _____________________________________________________ MORE GED VIDEOS What Are The Effects of Globalization? Top White House Economic Advisor Dr. Furman Gives Answers Click here for the interview: http://bit.ly/1pw99cS Economic developments in Chile, Mexico, Colombia and Peru? http://bit.ly/1ttHkJE _________________________________________________ What is GED about ? The GED Project examines the causes and effects of economic trends, as well as the connections linking one trend to another. Click on the link for a video on the GED-Project: http://bit.ly/1wFn06r || WEBSITE http://www.ged-project.de/home/ || YOUTUBE http://bit.ly/1A62FYh || GOOGLE+ http://bit.ly/1oigvRU || TWITTER https://twitter.com/GED_Tweet click here to subsribe to the GED Project channel now and get updated with the latest videos: http://bit.ly/1lzyCGV
Views: 2949 GEDProject
What’s driving growth in Vietnam?
 
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Lawrence Brader, Co-Portfolio Manager of PXP Vietnam Asset Management discusses factors driving growth in Vietnam including the growing manufacturing base and a rising middle class. Mr. Bader also reviews the potential for Vietnam to achieve a move to MSCI Emerging Market Index and the positive implications of such a move.
Views: 7022 ContextTV
The Foundations of IB Economics Unit:  Economic Growth vs. Development
 
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Hey Everyone, This is video 10 of 14 videos in "The Foundations of IB Economics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEIqIpDdEo2_gupbWWHpYwT The purpose of this series is to provide students with a quick explanation of the foundational concepts of IB Economics. As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world. Check out all of the Microeconomic playlists… Foundations of IB Economics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEIqIpDdEo2_gupbWWHpYwT Demand, Supply, and Market Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFukl4NeEdAPsnHHpFAp1tw Elasticities Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGBGH8sv12oqc2MSHxMZ67k Government Intervention Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkE0MIA7yX313XgzwLNg_3O9 Market Failure Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG4yOY4nSifBXqLi-M3md1U All Microeconomic Videos: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGENVY_u6FAJVSrqVV35E5G Enjoy! Brad
Economic Growth and Economic Welfare
 
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Economic growth is an increase in the productive capacity of the economy and also an increase in real national income. But economic welfare is a more rounded measure of progress in improving people's lives taking into account for examples changes in health and education outcomes, the level of income and wealth inequality and feelings of security for individuals and their families. For more examples of Exam Technique for A Level Economics, visit these links on the tutor2u Economics channel: https://www.tutor2u.net/economics/collections/evaluation-skills-videos https://www.tutor2u.net/economics/collections/chains-of-reasoning https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 4443 tutor2u
South Asian Economy Growth Miracle
 
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South Asia, known as Indian subcontinent is rising very first. These countries economies are one of the world fastest economies in the world. In India, the largest economy in South Asia and on of the largest economy in the world is growing up to 7%. Its neighbor country Bangladesh which is a next-11 country also growing there economy 6-7% every year. Bhutan is the owner of largest hydropower, they growing there economy up to 8% every year too. Other country of South Asia Nepal, decorate their agriculture and incising GDP. Pakistan is doing very good to be Next-11 country and growing GDP up to 5-6 percent. South Asian others countries like Maldives and Afghanistan are running with others to make a strong economy. Our Peg : https://www.facebook.com/bengalvoice/ Our Blog : https://bengalvoice2.blogspot.com/ Anther Video about South Asian economy https://www.youtube.com/watch?v=nvEwgnejfyA&t=57s
Views: 4446 Bengal Voice
FACTORS AFFECTING ECONOMIC GROWTH IN INDIA | ECONOMICS VIDEOS | GEI
 
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FACTORS AFFECTING ECONOMIC GROWTH IN INDIA | ECONOMICS VIDEOS | GEI #Gyankaksh #StudyMaterial #Economics If you like this video and wish to support this EDUCATION channel, please contribute via, * Paytm a/c : 9051378712 * Paypal a/c : www.paypal.me/RaghunathJaiswal [Every contribution is helpful] Thanks & All the Best!!! WE NEED YOUR SUPPORT TO GROW UP..SO HELP US!! Hope you guys like this one. If you do, please hit Like!!! Please Share it with your friends! Thank You! Please SUBSCRIBE for more videos. https://www.youtube.com/channel/UCFzUEzxnRDsbWIA5rnappwQ?sub_confirmation=1 Watch our other videos: NEED FOR PLANNING AND STRATEGY FOR PLANNING - https://youtu.be/PwKIV6HyQoI JUSTIFICATION OF THE STRATEGY OF INDUSTRIALIZATION - https://youtu.be/sD9v0OL7woM NEW ECONOMIC POLICY LIBERIZATION,PRIVATIZATION AND GLOBALIZATION - https://youtu.be/tQP07jIxlZw ACHIEVEMENTS OF ECONOMIC PLANNING - https://youtu.be/SmdIePBGWPI DRAWBACKS OF PLANNING AND FAILURE OF PLANNING - https://youtu.be/DnddulG1ej4 CENTRAL PROBLEMS OF AN ECONOMY part 1 - https://youtu.be/DkBKKt3DT0A CENTRAL PROBLEMS OF AN ECONOMY part 2 - https://youtu.be/TSLB8rQUqHo CENTRAL PROBLEMS OF AN ECONOMY part 3 - https://youtu.be/qVP-EZudfMs WHY DO ECONOMIC PROBLEM ARISE - https://youtu.be/P3WUS9XS3l4 Follow us - https://www.facebook.com/gyankaksh/ https://twitter.com/ragjai https://www.facebook.com/raghunathjaiswal https://www.instagram.com/theyoutubersofficial Do watch our other channels too- GyankakshTv - https://www.youtube.com/channel/UCetNwLf7pJVvjGE1rTrCCiA The YouTubers - https://www.youtube.com/channel/UCASrdJkuDp0wPcTheG4YW8Q Born Hungry - https://www.youtube.com/channel/UCc6H0LA6vLzD-uIWsmiaFXw Artistree World - https://www.youtube.com/channel/UCD1_UOPlJ_RzrcwaOJJB3pw Music - www.bensound.com Buy Breakup it's not an end... (A Romance Fiction Book) Click here - http://www.infibeam.com/Books/breakup-its-not-end-raghunath-jaiswal/9789383562367.html
15 Difference Between Growth And Development
 
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1. Growth is usually used in reference to size or physical development.  Development overall is a more general and envelop term than growth. 2. Growth is just ‘getting bigger’, whereas development is improvement. 3. While growth is related to quantitative improvement, development is related to quantitative as well as qualitative improvement. 4. Growth simply shows an increase in something you can see or count. A tree can grow. An organization can grow, adding people to it. 5. The most accurate method of measuring development is the Human Development Index which takes into accounts the literacy rates & life expectancy.  6. Growth may also be referring to growth in mass or numbers. Whereas, development can be use to refer to any and all improvement, acquisition of skills, as well as increase in levels of quality and innovation. 7. Growth can be perceived and can be measured accurately, whereas development cannot necessarily be perceived on average and cannot be measured accurately.  8. In terms of economy, we say there was a steady growth in the country’s economy over the last few years. We also refer to countries as developed and developing, which means that the country has made great strides in all spheres. 9. Growth can be both negative and positive. Development has always positive value. 10. Growth is the process of developing where as development is a specified state of growth. 11. Economic growth indicates the quantitative growth of the country. Example: Gross domestic product of a country indicates the econmic growth of the country. Economic development indicates the qualitative growth of the country.Example: Human development index of a country indicates its economic development. 12. Growth- size or muscle mass Development - strength, muscle definition 13. Growth is termed as a physical change, where as development is said to be physical as well as social or psychological change. 14. With growth things get larger. With development they change. 15. Growth is an increase in size; development is an increase in capability.
Views: 18228 Patel Vidhu
IMF predict fast economic growth in Ethiopia's capital, Addis Ababa
 
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Ghana has lost its mantle as the African economy likely to grow fastest this year to Ethiopia, which has held the position for most of the past decade. That is according to the International Monetary Fund. CGTN's Girum Chala reports that Ethiopia's fast growth is largely being displayed in its capital, Addis Ababa with many people rising from extreme poverty. But will Ethiopia sustain its impressive growth in the coming years? Subscribe to us on YouTube: http://ow.ly/Zvqj30aIsgY Follow us on: Facebook: https://www.facebook.com/cgtnafrica/ Twitter: https://twitter.com/cgtnafrica
Views: 36732 CGTN Africa
Introduction to the Solow Growth Model (ep. 1)
 
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PLEASE LIKE MY FACEBOOK PAGE: https://www.facebook.com/MultiplexinggamerTutorials/ The first tutorial in my series on the Solow Growth Model. Please like my facebook page: https://www.facebook.com/MultiplexinggamerTutorials/
Views: 92301 Economics Alex
What is INCLUSIVE GROWTH? What does INCLUSIVE GROWTH mean? INCLUSIVE GROWTH meaning & explanation
 
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What is INCLUSIVE GROWTH? What does INCLUSIVE GROWTH mean? INCLUSIVE GROWTH meaning - INCLUSIVE GROWTH definition - INCLUSIVE GROWTH explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. SUBSCRIBE to our Google Earth flights channel - https://www.youtube.com/channel/UC6UuCPh7GrXznZi0Hz2YQnQ Inclusive growth is a concept that advances equitable opportunities for economic participants during economic growth with benefits incurred by every section of society. This concept expands upon traditional economic growth models to include focus on the equity of health, human capital, environmental quality, social protection, and food security. The definition of inclusive growth implies direct links between the macroeconomic and microeconomic determinants of the economy and economic growth. The microeconomic dimension captures the importance of structural transformation for economic diversification and competition, while the macro dimension refers to changes in economic aggregates such as the country’s gross national product (GNP) or gross domestic product (GDP), total factor productivity, and aggregate factor inputs. Sustainable economic growth requires inclusive growth. Maintaining this is sometimes difficult because economic growth may give rise to negative externalities, such as a rise in corruption, which is a major problem in developing countries. Nonetheless, an emphasis on inclusiveness—especially on equality of opportunity in terms of access to markets, resources, and an unbiased regulatory environment—is an essential ingredient of successful growth. The inclusive growth approach takes a longer-term perspective, as the focus is on productive employment as a means of increasing the incomes of poor and excluded groups and raising their standards of living.
Views: 989 The Audiopedia
Institutions and Economic Growth (Macro lecture 9)
 
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In this video we'll learn what economics means by the term -institutions,- and review some of the most important institutional structures needed for the functioning of the market economy and economic growth.
Views: 4574 Tyler Watts
The Solow Model and the Steady State
 
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Remember our simplified Solow model? One end of it is input, and on the other end, we get output. What do we do with that output? Either we can consume it, or we can save it. This saved output can then be re-invested as physical capital, which grows the total capital stock of the economy. There's a problem with that, though: physical capital rusts. Think about it. Yes, new roads can be nice and smooth, but then they get rough, as more cars travel over them. Before you know it, there are potholes that make your car jiggle each time you pass. Another example: remember the farmer from our last video? Well, unless he's got some amazing maintenance powers, in the end, his tractors will break down. Like we said: capital rusts. More formally, it depreciates. And if it depreciates, then you have two choices. You either repair existing capital (i.e. road re-paving), or you just replace old capital with new. For example, you may buy a new tractor. You pay for these repairs and replacements with an even greater investment of capital. We call the point where investment = depreciation the steady state level of capital. At the steady state level, there is zero economic growth. There's just enough new capital to offset depreciation, meaning we get no additions to the overall capital stock. A further examination of the steady state can help explain the growth tracks of Germany and Japan at the close of World War II. In the beginning, their first few units of capital were extremely productive, creating massive output, and therefore, equally high amounts available to be saved and re-invested. As time passed, the growing capital stock created less and less output, as per the logic of diminishing returns. Now, if economic growth really were just a function of capital, then the losers of World War II ought to have stopped growing once their capital levels returned to steady state. But no, although their growth did slow, it didn't stop. Why is this the case? Remember, capital isn't the only variable that affects growth. Recall that there are still other variables to tinker with. And in the next video, we'll show two of those variables: education (e) and labor (L). Together, they make up our next topic: human capital. Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/23B5u4b Next video: http://bit.ly/1Sdlrvx Help us caption & translate this video! http://amara.org/v/IM5L/

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