A high gross domestic saving rate usually indicates a country's high potential to invest in capital. State two factors that affect the gross savings rate for a country. Explain how a rise in gross savings might not necessarily lead to a rise in a country’s growth rate.
Views: 2635 tutor2u
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: 418683 Jacob Clifford
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: 121986 explainitychannel
Difference between every day and economic notions of investment and consumption Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/income-and-expenditure-views-of-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/circular-econ-gdp-tutorial/v/more-on-final-and-intermediate-gdp-contributions?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 317050 Khan Academy
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: 20995 Khan Academy
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: 933207 CrashCourse
Thinking about how different types of expenditures would be accounted for in GDP Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/examples-of-accounting-for-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/income-and-expenditure-views-of-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 348495 Khan Academy
In the first video in this section on The Wealth of Nations and Economic Growth, you learned a basic fact of economic wealth—that countries can vary widely in standard of living. Specifically, you learned how variations in real GDP per capita can set countries leagues apart from one another. Today, we’ll continue on that road of differences, and ask yet another question. How can we explain wealth disparities between countries? The answer? Growth rates. And in this video, you’ll learn all about the ins-and-outs of measuring growth rates. For one, you’ll learn how to visualize growth properly—examining growth in real GDP per capita on a ratio scale. Then, here comes the fun part: you’ll also take a dive into the growth of the US economy over time. It’s a little bit like time travel. You’ll transport yourself to different periods in the country’s economic history: 1845, 1880, the Roaring Twenties, and much more. As you transport yourself to those times, you’ll also see how the economies of other countries stack up in comparison. You’ll see why the Indian economy now is like a trip back to the US of 1880. You’ll see why China today is like the America of the Jazz Age. (You’ll even see why living in Italy today is related to a time when Atari was popular in the US!) In keeping with our theme, though, we won’t just offer you a trip through ages past. Because by the end of this video, you’ll also have the answer to one vital question: if the US had grown at an even higher rate, where would we be by now? The magnitude of the answer will surprise you, we’re sure. But then, that surprise is in the video. So, go on and watch, and we’ll see you on the other side. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1XN4qa4 Next video: http://bit.ly/1QEOlDY Help us caption & translate this video! http://amara.org/v/Hf8E/
Views: 65129 Marginal Revolution University
A2/IB 7) Institutional Factors and Development - Education, Healthcare and Infrastructure - A look at the institutional factors that lead to development with s specific focus on education, healthcare and infrastructure as the three major pillars to development
Views: 22000 EconplusDal
In this session the concepts of gross investment and depreciation are explained by Ms. Dipika. For more information visit https://www.doorsteptutor.com or email [email protected] Gross Investment Depreciation @0:12 Various Types of Good @0:14 Capital Goods @0:25 Capital Goods Produced in a year does not Constitute Addition @2:17 All the Capital Goods @2:57 What is Depreciation? @4:00 What is Gross Investment? @4:48 Net Investment @5:31 5 Years of Useful Life of the Machinery @6:27 #Depreciation #Replace #Suffers #Produced #Constitutes #Investment #Machineries #Machinery #Depreciation #Investment #Examrace Gross investment calculation formula Gross investment GDP Can gross investment be Negative Calculate depreciation and net investment for this economy. Net investment in operating capital Components of investment What is the relationship between net investment and economic growth? Investment definition economics
Views: 8914 Examrace
Picture the economy as a giant supermarket, with billions of goods and services inside. At the checkout line, you watch as the cashier rings up the price for each finished good or service sold. What have you just observed? The cashier is computing a very important number: gross domestic product, or GDP. GDP is the market value of all finished goods and services, produced within a country in a year. But, what does "market value" mean? And what defines a "finished good"? These, and more questions, percolate inside your head. Meanwhile, the cashier starts ringing up the total, and you’re left confused. An array of things pass by you — A bottle of wine. A carton of eggs. A cake from the local bakers. A tractor, of all things. A bunch of ballpens. A bag of flour. In this video, join us as we show you how to make sense of this important economic indicator. You’ll learn how GDP is computed, and you’ll get answers to some pretty interesting questions along the way. Questions like, “Why are the eggs in my homemade omelet part of the GDP, but the eggs my baker uses are not? Why does my bottle of French wine contribute to France’s GDP, even if I bought it in the United States?” Most importantly, you’ll also learn why polar bears aren’t part of the GDP computation, even if they’re incredibly cute. So, buckle in for a bit—in the following videos we’ll dive into specifics on GDP. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1p4ZtxL Next video: http://bit.ly/1mY2bn0 Help us caption & translate this video! http://amara.org/v/HZv3/
Views: 602695 Marginal Revolution University
In our previous macroeconomics video, we said that the accumulation of physical capital only provides a temporary boost to economic growth. Does the same apply to human capital? To answer that, consider this: what happens to all new graduates, in the end? For a while, they’re productive members of the economy. Then age takes its toll, retirement rolls around, and eventually, the old workforce is replaced with a new infusion of people. But then, the cycle restarts. You get a new workforce, everyone’s productive for a while, and then they too retire. Does this ring a bell? It should, because this is similar to the depreciation faced by physical capital. Similarly, are there diminishing returns to education? It likely wouldn’t pay off for everyone to have a PhD, or for everyone to master Einstein’s great theories. That means the logic of diminishing returns, and the idea of a steady state, also applies to human capital. So, now we can revise our earlier statement. Now we can say that the accumulation of any kind of capital, only provides a temporary boost in economic growth. This is because all kinds of capital rust. So, one way or another, we’ll reach a point where new investments can only offset depreciation. It’s the steady state, all over again. However, what does the journey to steady state look like? The Solow model predicts that poor countries should eventually catch up to rich countries, especially since they’re growing from a lower base. And given their quicker accumulation of capital, poorer nations should also grow faster, than their more developed neighbors. And eventually, every country should reach similar steady states. In other words, we would see growth tracks that all eventually converge. So, why isn’t this always the case? Why, in some cases, are we seeing “Divergence, Big time,” as coined by economist Lant Pritchett? The answer to these questions, lies in the institutions of different countries and the incentives they create. Assuming that a certain set of countries do have similar institutions, that’s where we see the convergence predicted by the Solow model. We see that poorer countries do grow faster than their richer counterparts. And conditional on having similar institutions, eventually, even poorer countries will reach a similar steady state of output as more developed nations. We call this phenomenon conditional convergence. You can think of it as a national game of catch-up, with catch-up only happening if institutions don’t differ. What happens though, once all this catching up is done? Let’s not forget that there’s still another variable in the Solow model. This is variable A: ideas -- the subject of our next video. There, we’ll show you how ideas can keep a country moving along the cutting edge of growth. Catch up on the Solow model: Introduction to the Solow model: http://bit.ly/1SMud3G Physical Capital and Diminishing Returns: http://bit.ly/1SpLT31 The Solow Model and the Steady State: http://bit.ly/233vDGw Office Hours video on the Solow model: http://bit.ly/1VQ8XLe 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/1NwAtKJ Next video: http://bit.ly/1SHvrdp Help us caption & translate this video! http://amara.org/v/IR1M/
Views: 133005 Marginal Revolution University
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/
Views: 319189 Marginal Revolution University
At the 2019 AED Summit in Orlando, FL, Rich Karlgaard, Forbes publisher, author, futurist & speaker, shared his outlook for the U.S. economy, as well as factors to watch that can impact the GDP and, ultimately, prospects for infrastructure investment.
Views: 100 Equipment Today Magazine
This video explains how to calculate Gross Domestic Product mathematically and goes through a numerical example. It also shows how to calculate the percentage change in GDP from year to year. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 177030 jodiecongirl
Taught by John Smithin Assisted by Fredrick Zhou There are two alternative views about how to promote economic growth. We develop two generic growth equations, each including the trade balance, the primary budget deficit, and the domestic investment/savings balance, to explain the underlying arguments. The first illustrates a “Keynes’s-type” theory, focusing on demand growth. This validates the idea that fiscal expansion leads to growth, that investment drives saving (the “paradox of thrift”) and that a trade surplus leads to growth (“monetary mercantalism”). The second approach leads to a “classics-type” theory, stressing capital accumulation and supply. However, this yields seriously anomalous results, and does not provide a solid foundation for the classical theories of trade, saving, and public finance. There are also multiple theories of inflation, those descended from the quantity theory, from Wicksell, and also various theories of “cost push” or “conflict” inflation. If money is endogenous there is plenty of scope for the latter. Also the parameters of both the money demand and (endogenous) money supply functions must be relevant. These are literally measures of “liquidity preference” - on both sides of the money market.
Views: 1044 New Economic Thinking
Do you recall our question about Germany and Japan from our previous video? How did they achieve record economic growth following World War II? Today's video will help answer that question. We'll be digging into the K variable of our simplified Solow model: physical capital. To help with our discussion, we’ll be exploring two specific concepts. The first is the iron logic of diminishing returns which states that, for each new input of capital, there is less and less output produced. Your first input of capital will likely be the most productive, because you’ll allocate this first unit to the most important, value-adding tasks. The second concept we’ll cover is the marginal product of capital. This concept describes the output created by each new unit of invested capital. Can you already see how these two forces of capital help answer our question about Germany and Japan? For these two war-torn countries, the first few units of invested capital had a lot of bang for their buck. The first roads between destroyed cities, the first new steel mills, the first new businesses—these helped boost their growth rate tremendously. Even more so, remember that Germany and Japan were growing from a low economic base after the war. It's easy to grow a lot when the base is small. But all else being equal, you'd rather have a larger base, and grow slower. Capital has some more nuances worth thinking about, which we'll show in the next video. So get to watching, and in our next macroeconomics video, we'll show you yet another problem surrounding physical capital. Related video: Puzzle of Growth: http://bit.ly/1T5yq18 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/1SgTXz5 Next video: http://bit.ly/1MvGg2D Help us caption & translate this video! http://amara.org/v/IF0a/
Views: 202807 Marginal Revolution University
Foreign Direct Investment It is the long term investment by a company in a foreign country. Apex-Brasil offers free support to build relations with governments, organizations and companies in various parts of the country.
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: 11166 Inspirare
Using real GDP as a measure of actual productivity growth Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/real-nominal-gdp-tutorial/v/gdp-deflator?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/macroeconomics/gdp-topic/GDP-components-tutorial/v/examples-of-accounting-for-gdp?utm_source=YT&utm_medium=Desc&utm_campaign=macroeconomics Macroeconomics on Khan Academy: Topics covered in a traditional college level introductory macroeconomics course 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 Subscribe to Khan Academy's Macroeconomics channel: https://www.youtube.com/channel/UCBytY7pnP0GAHB3C8vDeXvg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 528535 Khan Academy
March 25 (Bloomberg) -- Ifo Institute President Hans-Werner Sinn, talks about German business confidence, which fell less than economists expected in March. He speaks with Maryam Nemazee on Bloomberg Television's "The Pulse."
Views: 234 Bloomberg
For more information log on to http://www.channelstv.com
Views: 139 Channels Television
Throughout this section of the course, we’ve been trying to solve a complicated economic puzzle—why are some countries rich and others poor? There are various factors at play, interacting in a dynamic, and changing environment. And the final answer to the puzzle differs depending on the perspective you're looking from. In this video, you'll examine different pieces of the wealth puzzle, and learn about how they fit. The first piece of the puzzle, is about productivity. You'll learn how physical capital, human capital, technological knowledge, and entrepreneurs all fit together to spur higher productivity in a population. From this perspective, you'll see economic growth as a function of a country's factors of production. You’ll also learn what investments can be made to improve and increase these production factors. Still, even that is too simplistic to explain everything. So we'll also introduce you to another piece of the puzzle: incentives. In previous videos, you learned about the incentives presented by different economic, cultural, and political models. In this video, we'll stay on that track, showing how different incentives produce different results. As an example, you'll learn why something as simple as agriculture isn't nearly so simple at all. We'll put you in the shoes of a hypothetical farmer, for a bit. In those shoes, you'll see how incentives can mean the difference between getting to keep a whole bag of potatoes from your farm, or just a hundredth of a bag from a collective farm. (Trust us, the potatoes explain a lot.) Potatoes aside, you're also going to see how different incentives shaped China's economic landscape during the “Great Leap Forward” of the 1950s and 60s. With incentives as a lens, you'll see why China's supposed leap forward ended in starvation for tens of millions. Hold on—incentives still aren’t the end of it. After all, incentives have to come from somewhere. That “somewhere” is institutions. As we showed you before, institutions dictate incentives. Things like property rights, cultural norms, honest governments, dependable laws, and political stability, all create incentives of different kinds. Remember our hypothetical farmer? Through that farmer, you'll learn how different institutions affect all of us. You'll see how institutions help dictate how hard a person works, and how likely he or she is to invest in the economy, beyond that work. Then, once you understand the full effect of institutions, you'll go beyond that, to the final piece of the wealth puzzle. And it's the most mysterious piece, too. Why? Because the final piece of the puzzle is the amorphous combination of a country’s history, ideas, culture, geography, and even a little luck. These things aren't as direct as the previous pieces, but they matter all the same. You'll see why the US constitution is the way it is, and you'll learn about people like Adam Smith and John Locke, whose ideas helped inform it. And if all this talk of pieces makes you think that the wealth puzzle is a complex one, you’d be right. Because the truth is, the question of “what creates wealth?” really is complex. Even the puzzle pieces you'll learn about don't constitute every variable at play. And as we mentioned earlier, not only are the factors complex, but they're also constantly changing as they bump against each other. Luckily, while the quest to finish the wealth puzzle isn’t over, at least we have some of the pieces in hand. So take the time to dive in and listen to this video and let us know if you have questions along the way. After that, we'll soon head into a new section of the course: we’ll tackle the factors of production so we can further explore what leads to economic growth. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1QEPrQ3 Next video: http://bit.ly/1WJe2Bw Help us caption & translate this video! http://amara.org/v/HrHZ/
Views: 145131 Marginal Revolution University
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/
Views: 274017 Marginal Revolution University
Robust consumption and a booming construction sector are driving growth in the Philippine economy, Standard Chartered Bank chief economist for Asia David Mann says. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews
Views: 9438 ABS-CBN News
American Action Forum President Doug Holtz-Eakin and CNBC's Rick Santelli discuss the benefits of tax reform, domestic investment and productivity growth.
Views: 130 CNBC Television
Your IB Economics Course Companion! This is video 2 of 3 videos in “The Foreign Direct Investment Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFQEU8Vtq5gijMaI3GSazVI The List! Here is the “The List” for “The Foreign Direct Investment and Economic Development Series” For an explanation of the logic of “The Lists” click here: https://youtu.be/dE0fbsgXlFE Foreign Direct Investment (FDI) Reasons why MNCs are attracted to developing nations 1. Natural resources 2. Huge markets 3. Low cost of labor 4. Fewer regulations Possible advantages of FDI 1. Increased savings 2. Increased employment 3. Increased education and training 4. Increased research, development, technology and marketing strategies 5. Multiplier effect of increased incomes 6. Increased tax revenue 7. Increased foreign capital 8. Improved infrastructure 9. Increased choice in market place 10. Lower prices in market place 11. Increased free trade Possible disadvantages of FDI 1. MNCs Bring own management teams 2. Too much power to MNCs 3. Practice of transfer pricing 4. Increased pollution due to low regulations 5. MNCs Extract natural resources from host country 6. MNCs use capital intensive production methods 7. MNCs purchase domestic firms 8. MNCs often repatriate profits I hope you find these videos helpful to your study of Economics. Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 24467 Econ Course Companion
GDP is generally understood to represent the health of a nation's economy, and most people realize that if GDP is growing, things are going well, while if it's falling things have turned sour in the economy. But what, precisely, does GDP measures? There are two primary methods for measuring GDP, which should yield the same result even though they measure completely different factors. -The income approach: measures the total incomes earned by households in a nation in a year. -The expenditure approach: measures the total amount spent on the goods produced by a country in a year. By examining the circular flow model of a nation's economy, we can demonstrate why every dollar earned by a household in a nation's resource market will ultimately be spent in the product market, or leaked through taxes, savings, and import spending, leading to injections in the form of government spending, investment and export sales. In the video lecture below, the two methods for measuring GDP are introduced, and the various components it includes are explained in detail. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 315075 Jason Welker
Domestic demand will power the Philippine economy to one of the fastest growth rates in Asia, even as external factors and President Rodrigo Duterte’s tough talk aided an outflow of foreign funds from the equities market, an economist said Tuesday. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews
Views: 1125 ABS-CBN News
When it comes to long-run economic growth, the most important factor to consider is a nation's productivity, which is an exceedingly important macroeconomic measure. Productivity is just the measure of output per worker in an economy. In order to keep tabs on this factor, economists use Real GDP per capita, which is Real Gross Domestic Product DIVIDED by the number of workers in the population. And a country's sustained growth in productivity is ensured by three factors: improvement of physical capital, improvement of human capital, and the advancement of technology. If you'd like to understand why some countries are poor and others are rich, then this tool for tracking economic development will explain it all.
Views: 187 Steve Heimler
This week, Adriene and Jacob teach you about macroeconomics. This is the stuff of big picture economics, and the major movers in the economy. Like taxes and monetary policy and inflation and policy. We need this stuff, because if you don't have a big picture of the economy, crashes and panics are more likely. Of course, economics is extremely complex and unpredictable. Today we'll talk about GDP as a measure of a country's economic health, the basics of economic analysis, and even a little about full employment, unemployment 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: 1310891 CrashCourse
Your IB Economics Course Companion! This is video 1 of 3 videos in “The Foreign Direct Investment Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFQEU8Vtq5gijMaI3GSazVI The List! Here is the “The List” for “The Foreign Direct Investment and Economic Development Series” For an explanation of the logic of “The Lists” click here: https://youtu.be/dE0fbsgXlFE Foreign Direct Investment (FDI) Reasons why MNCs are attracted to developing nations 1. Natural resources 2. Huge markets 3. Low cost of labor 4. Fewer regulations Possible advantages of FDI 1. Increased savings 2. Increased employment 3. Increased education and training 4. Increased research, development, technology and marketing strategies 5. Multiplier effect of increased incomes 6. Increased tax revenue 7. Increased foreign capital 8. Improved infrastructure 9. Increased choice in market place 10. Lower prices in market place 11. Increased free trade Possible disadvantages of FDI 1. MNCs Bring own management teams 2. Too much power to MNCs 3. Practice of transfer pricing 4. Increased pollution due to low regulations 5. MNCs Extract natural resources from host country 6. MNCs use capital intensive production methods 7. MNCs purchase domestic firms 8. MNCs often repatriate profits I hope you find these videos helpful to your study of Economics. Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 32978 Econ Course Companion
Stats NZ manager for quarterly GDP talks about gross domestic product for the September 2018 quarter. Transcript: The New Zealand economy grew by 0.3 percent in the September 2018 quarter, following growth of 1 percent in the previous quarter. Annual growth was 3.0 percent. The quarterly growth rate is the lowest since the last quarter of 2013, while annual growth is the lowest since mid-2014. Primary industries, which include agriculture, forestry, and mining, were up 2.2 percent. Goods-producing industries fell 1 percent, with manufacturing the main contributor. Construction activity also fell as repair work on roads damaged by the Kaikōura earthquake wound down. Growth in services industries was widespread but moderate at 0.5 percent. We also look at the economy in terms of money spent on goods and services. Household spending rose by 1.0 percent this quarter, driven by spending on services and durable goods. Investment spending fell 0.9 percent, with business investment down 2.1 percent. Investment spending remains at a high level, up 5.3 percent for the year. Taking population growth into account, GDP per capita was flat for the quarter, and up 1 percent for the year.
Views: 124 Stats NZ
Made in China 2025 puts foreign investment on an equal footing to domestic investment in China's manufacturing sector, said NDRC spokesman Zhao Chenxin. He said foreign investment has boosted China's real economy. China in 2016 attracted 813.22 billion yuan of foreign investment - a 4.2 percent increase from a year earlier. Subscribe to us on YouTube: https://goo.gl/lP12gA Watch CGTN Live: https://www.youtube.com/watch?v=L2-Aq7f_BwE Download our APP on Apple Store (iOS): https://itunes.apple.com/us/app/cctvnews-app/id922456579?l=zh&ls=1&mt=8 Download our APP on Google Play (Android): https://play.google.com/store/apps/details?id=com.imib.cctv Follow us on: Facebook: https://www.facebook.com/ChinaGlobalTVNetwork/ Instagram: https://www.instagram.com/cgtn/?hl=zh-cn Twitter: https://twitter.com/CGTNOfficial Pinterest: https://www.pinterest.com/CGTNOfficial/ Tumblr: http://cctvnews.tumblr.com/ Weibo: http://weibo.com/cctvnewsbeijing
Views: 280 CGTN
Taiwan''s gross domestic investment as a percentage of its national income dropped to around 20 percent this year, marking a seven-year low. It''s another ominous warning sign that the country''s economy may continue in its current slump. New data also shows that excess savings rates reached their highest levels in 29 years, suggesting a lack of major domestic investment opportunities. Multinational financial services company Barclays officially halted its operations in Taiwan this past April, while Citibank, Standard Chartered, and various other foreign banks continue to close local branch offices. Domestic firms are also encountering a difficult business climate. Even in Taipei’s east district, one of the island’s biggest shopping areas, many storefronts lay empty awaiting tenants.Numbers published by the government’s official statistics bureau show that gross domestic investment as a percentage of gross national income began a multi-year decline starting in 2010. During the same period, excess savings rates grew year after year, showing that local banks were hoarding cash in the absence of any clear investment opportunities. Wu Chung-shuCIER PresidentInvestment is one of the most important sources for driving future productivity. There are many reasons for the current investment slowdown, one of which is a broader economic sluggishness.China’s ongoing localization of its supply chain has led to a reduction in orders from Taiwan, which is heavily dependent on exports. That drop in business is the main reason behind Taiwan’s shrinking investment market, and experts are calling on the Tsai administration to act quickly to turn things around.
Views: 310 民視英語新聞 Formosa TV English News
INDONESIA THE LARGEST ECONOMY IN SOUTHEAST ASIA - G20 MEMBER With a population of over 242.3 million, Indonesia is the fourth most populous country in the world and represents a sizable consumer market. In 2012, Indonesia had a gross domestic product (GDP) of $894.9 billion, making it the 16th largest economy in the world. (International Monetary Fund) The Indonesian government plays a significant role in Indonesia's market economy in which it owns over 160 enterprises and sets prices for several goods such as electricity, rice and fuel. Indonesia has the largest economy in Southeast Asia and is a member of both the G20 and APEC (Asia-Pacific Economic Cooperation). According to the IMF, Indonesia is the third fastest growing economy in the G20 after India and China. The country's main economic industries include petroleum and natural gas, apparel, textiles, apparel, mining, tourism and rubber. Indonesia has endured the recent global financial crisis through its reliance on domestic consumption to drive continual economic growth. In addition, investment from both foreign and domestic sources has supported the Indonesian economy. Due to its recent economic growth and sound fiscal policies, Indonesia's debt to GDP ratio has steadily declined. Trade was been expanding swiftly between the United States and Indonesia in the last several years. Since 2005, U.S. exports to Indonesia have more than doubled from $3.1 million to $8 million in 2012. The main export categories are transportation equipment, agricultural products, chemicals, and machinery. Indonesia is actively involved with Asia-Pacific Economic Cooperation (APEC). APEC was formed in 1989. It serves as a multilateral forum in which Asian and Pacific economies can solve economic problems and cooperate in developing key economic sectors. Collectively, the 21 economies of APEC, which touch the Pacific Ocean, represent a large consumer market— nearly half the world's population, nearly half of all world trade and more than $31 trillion in economic output. The APEC economies are: Australia, Brunei Darussalam, Canada, Chile, People's Republic of China, Hong Kong, Indonesia, Japan, Republic of Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Republic of the Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States and Vietnam. Association of SouthEast Asian Nations (ASEAN) On October 7, 2003, 10 Southeast Asian nations signed an agreement to become an economic union by 2020. The agreement sets deadlines for lowering travel restrictions and tariffs in the region of 500 million people. Trade in this ASEAN Economic Community totals more than $720 billion a year. ASEAN includes Thailand, the Philippines, Indonesia, Cambodia, Malaysia, Singapore, Laos, Vietnam, Brunei and Myanmar.
Views: 1902 AAT World
http://www.tutorialrank.com/ECO/ECO-372/product-26834-ECO-372-Assignment-Week-1-Apply-Output,-Income,-and-Economic-Growth-Homework For more course tutorials visit www.tutorialrank.com ECO 372 Week 1 Apply: Output, Income, and Economic Growth Homework – One Attempt Review the Week 1 Output, Income, and Economic Growth Quiz in preparation for this assignment. Complete the Week 1 Output, Income, and Economic Growth Assignment in McGraw-Hill Connect®. These are randomized questions. Note: You have only one attempt available to complete assignments. Grades must be transferred manually to eCampus by your instructor. Don’t worry, this might happen after your due date. Which of the following scenarios would be included in GDP? Darius unclogs the drain in his sink using the plunger he owns. Sandra is a waitress at Morton’s Steakhouse. She receives a cash tip of $50 that she pockets and does not report. Pam buys a new 40-inch television at Walmart. Miguel won $100 in his office fantasy football league. Which of the following expenditures is an example of a consumer durable good? Marcus buys some new soccer cleats at the sporting goods store. Arti buys a new refrigerator from Sears. Latisha gets a manicure from the nail salon in the mall. Colin buys a large coffee and a donut from Dunkin’ Donuts. The equation for net investment is written as: Net Investment = Nominal GDP – Gross Investment Net Investment = Gross Investment – Depreciation Net Investment = Consumption – Gross Investment Net Investment = Depreciation – Gross Investment Which of the following ly describes GDP using the income approach? GDP = Wages + Rents + Interest + Profits and Losses + National Income GDP = Consumption + Gross Investment + Net Exports + Government Purchases
Views: 3 online crses
In last week’s Principles of Macroeconomics video, you learned about the steady state level of capital and the Solow model of economic growth. Here are two of the practice questions from that video: Country A has K=10,000 and produces GDP according to the following equation: GDP=5√K. 1) If the country devotes 25% of its GDP to making investment goods, how much is the country investing? 2) If 1% of all machines become worthless every year (they depreciate, in other words) in Country A, GDP is...? These are tricky problems! If you're stumped, don’t worry. Mary Clare Peate from the Marginal Revolution University team is here to help. Are you struggling with a different practice problem or concept from an MRU video? Let us know! Head on over to our feedback forums to suggest a topic for a future "Office Hours" video: http://bit.ly/1psatWs Additional practice questions: http://bit.ly/1SvNoP8 The Solow Model and the Steady State: http://bit.ly/1YGYiA3 Help us caption & translate this video! http://amara.org/v/IP7y/
Views: 76042 Marginal Revolution University
Knowledge Punk presents Gross Domestic Product (GDP) in 101 Seconds. Transcript: GDP, or Gross Domestic Product, is a measure of the total economic activity of a country within a specific period of time, usually a year. It is considered to be a reasonably useful indicator of a state's overall economic health and standard of living. The simplest and most direct method for measuring GDP is the expenditure method, which is represented by the following equation: GDP = C + G + I + NX, where: -C- = private consumption -G- = government spending -I- = gross investment -NX- = net exports (i.e. exports minus imports) GDP can also be measured by the output measure (the value of goods and services produced by all sectors of the economy) and the income measure (the value of incomes in terms of profits and wages). Theoretically, all three measures should yield the same value. At nearly 16 trillion dollars in 2012, the US has the world's largest GDP. The next highest is China, at just half this amount, with around 8 trillion dollars. Japan, Germany and France complete the top 5. Although GDP offers a useful economic snapshot of whether a national economy is improving or declining, it does not give a complete picture of a country's wealth. For example, it ignores the hidden or "black" economy, and the figure is not adjusted for inflation of deflation.
Views: 254 Knowledge Punk
Exports have long been credited for Korea's rise to the world's 12th largest economy. But the trickle-down effects from the nation's export industries have dropped off in recent years, prompting the government to prioritize boosting domestic demand as a new driver of economic growth. Kim Ji-yeon reports. Booming exports were once the golden ticket for the Korean economy. But in recent years there has been rising speculation that the country's export-driven economy may have reached the limits of its ability to induce steady growth. Data from the Bank of Korea shows the number of employed has gradually decreased,... despite a surge in exports. For every increase in exports worth one-billion Korean won, or 933-thousand U.S. dollars in 2011, less than six people found new jobs. That's a sharp reduction from 1995, when more than 20 people found new jobs for every increase in exports of the same amount. Now, the Park Geun-hye administration is looking within the country to find new growth engines for the economy. The first step is to radically streamline the red tape hampering business, particularly in the service sector, which is loaded with restrictive regulations. There are more than 36-hundred regulations in the service sector, which represents around 47-percent of all business regulations. Related officials in the aesthetic surgery industry say heavy regulations are taking a toll on Korea's competitiveness in the field of aesthetic surgery. "There's a growing demand for aesthetic surgery in Korea and from abroad. But investors are getting increasingly more reluctant to invest in R&D for related technologies due to the regulations." Making Korea one of the world's most attractive medical tourism destinations is one of the government's initiatives aimed at improving the country's service sector. The Park administration's goal is to increase the number of foreigners visiting Korea for medical purposes to 250-thousand this year, from 150-thousand in 2012. To underscore the government's campaign to deregulate wherever possible, President Park is due to preside over a large-scale meeting of policymakers, consultants and businesspeople on Thursday, where they will draw up a to-do list. Kim Ji-yeon, Arirang News.
Views: 119 ARIRANG NEWS
This video explains how economic growth via changes in the factors of production (eg. quantity of labor) and changes in technology can be illustrated using the production possibilities frontier. For more information and a complete listing of videos and online articles by topic or textbook chapter, see http://www.economistsdoitwithmodels.com/economics-classroom/ For t-shirts and other EDIWM items, see http://www.economistsdoitwithmodels.com/merch/ By Jodi Beggs - Economists Do It With Models http://www.economistsdoitwithmodels.com Facebook: http://www.facebook.com/economistsdoitwithmodels Twitter: http://www.twitter.com/jodiecongirl Tumblr: http://economistsdoitwithmodels.tumblr.com
Views: 35155 jodiecongirl
Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews During the past two months China's export has declined rapidly, as has real estate volume and price. The international community considers that two of the three factors to push China's economic growth have declined. In addition, the cost of investment that drives economy is too high. This year, the 7.5% gross domestic product (GDP) growth target is not reachable. China's General Administration of Customs released new data on March 8, 2014. China's February export was 696.52 yuan, down 20.4%. Import was 836.31 billion yuan, an increase of 7%, with trade deficit of 139.79 billion yuan. In addition, the median open price of RMB against the U.S. dollar was low on March 10, and fell nearly 30 points. The biggest decline reached more than 0.5%, and is the largest since July 2012. It is generally believed that the central bank is intentionally undervaluing the yuan in an attempt to boost exports. Du Dao, CCTV financial commentator: "It is not adjusted, but decided by the international market. Another reason is that the USD (dollar) is leaving China, resulting in devaluation of the yuan. Many people sold their homes and exchanged their money to dollars. The banks do not have enough dollars. They are buying dollars from the central bank, causing a devaluation of the yuan. The central bank tries to weaken dollar and appreciate yuan, even during the time of sharp decline of the yuan. We see it clearly in the market." On March 9, China's National Bureau of Statistics announced that the Consumer Price Index (CPI) rose 0.5% in February. This is a year on year rise of 2.0%. The Industrial Producer Price Index (PPI) decreased 0.2%, with a 2.0% drop year on year. China's PPI has declined for several years. Ren Zhongdao, China economic analyst: "Now money supply is sky rocketing. Money is devaluating in China and prices and costs are rising. PPI and CPI should be parallel, but these two are going in the opposite direction. In fact, the price is increasing. People have to bear the loss of assets due to severe inflation." From the perspective of capital, seven day interest rates for pledged repurchase and reverse repurchase of national debt have both have declined for 20 days in a row. Nu Dao, a China Central Television financial commentator, suggested commodity prices rise due to relaxed money supply. Commodity prices should increase, but have been declining since last December. This indicate that China's money supply has come to an end, suffering a serious shortage for future demand. In addition, financial data released on March 10 by the Central Bank indicated a significant reduction of 833.9 billion yuan of new deposits in January and February, compared with the same months last year. Housing transactions for the same period also decreased by 50%. Nu Dao: "People do not have much money. Only a small amount of people are rich. How can the small amount of rich people help the country's economy? It is absurd. Most people do not have money to spend. Those who do, have a large amount of housing debts. The Chinese Communist Party (CCP) is crazy. Every day it shakes the money from the land. The more money it supplies, the higher the price of land." On March 7, coal, iron ore and charcoal all stopped declining. Iron ore dropped from 957 yuan per ton during last November to 780 per ton, a decrease of 18.5% In addition, thread steel plummeted 2.27 percent, from 3,745 yuan per ton last December to 3,228 per ton. Power coal dropped from 502 yuan per ton in last December to 600 per ton, down 17%. In addition to China's market, three-month base metals futures in the London Metal Exchange (LME) dropped on March 7. due to concerns about China's economy. The price of copper fell nearly 4%, a record low of seven months. Lead, zinc, tin also declined more than 2%. With sharp declines in the market, how will the CCP achieve its goal of a 7.5% GDP increase? Nu Dao: "It is a lie, and there is nothing like a 7.5% GDP growth. The 7.7% GDP growth last year was all false. Many people exposed this truth. Many factories in China could not pay workers' wages, and lots of people are unemployed. The CCP is still trying to make a false façade of prosperity, but it is of no use." Economic analyst Ren Zhongdao points out that among the three key factors of China's economy, domestic "consumption" is difficult to stimulate growth. The CCP has tried to rely on "investment" to stimulate the economy. But investment of each yuan only has 20 or 30 cents output. For "Export", the competitiveness of the Chinese market is far less than Southeast Asian countries. 《神韵》2014世界巡演新亮点 http://www.ShenYunPerformingArts.org/
Views: 200 ChinaForbiddenNews
http://www.euronews.com/ Consumer-led growth is the buzz phrase among China's new rulers. With the changing of the guard at the National People's Congress, those taking over at the top have been told by the outgoing leaders to get the Chinese people spending more and narrow the gap between rich and poor. In the government's annual policy speech, outgoing Premier Wen Jiabao said that after decades of double-digit growth, the emphasis would no longer be on expansion at all costs: "This year's economic growth target of around 7.5 percent is necessary and appropriate, and we need to work hard to achieve it." He added: "We should unswervingly take expanding domestic demand as our long-term strategy for domestic development." The plan is to rebalance China's economic model shifting away from reliance on exports and investment in big infrastructure projects. An important part of government moves to boost domestic consumption is a substantially increase in social spending on areas like health-care - which will go up by 27 percent this year. The hope is that will free up money for households to spend. Find us on: Youtube http://bit.ly/zr3upY Facebook http://www.facebook.com/euronews.fans Twitter http://twitter.com/euronews
Views: 205 euronews (in English)
Impacts of Domestic Savings on Economic Growth of Vietnam
Views: 33 Research Media
Gulf nations need to diversify their economies and move away from oil dependency, says the International Monetary Fund (IMF). This warning comes as Saudi Arabia continues to work out how to sell around five percent of its state-run oil producer, Aramco - a deal that could raise more than $100bn. The plan is at the heart of an ambitious economic reform programme, which includes a new $500bn megacity near the Red Sea. It's hoped the extra money from the sale will make Saudi Arabia less reliant on the black gold in the long term. The kingdom is experiencing a recession after shrinking in two consecutive quarters for the first time since 2009. Growth this year is expected to be close to zero. Saudi Arabia's budget deficit currently stands at 9.3 percent of its gross domestic product (GDP), it has suffered due to recent low oil prices. And unemployment edged up in the second quarter to nearly 13 percent - although that number is far higher for under 29-year-olds. Examining Saudi's 2030 vision, Ayham Kamel, head of Middle East and North Africa research at the Eurasia Group, explains, "it's a vision, it's aspirational more than anything. They're trying to implement key parts of it. It's fundamentally changing the kingdom's political and social structure in a movement that's much more viable - fiscally and regionally." Kamel says Saudi Arabia's "short-term challenges are very linked to oil prices." But in the long-term, the kingdom "needs to have an economy that is not oil or energy based" in order to curb unemployment and deal with other structural issues. This explains why they're trying to "get the private sector to play a bigger part in the economy. This is practically the end of the Saudi-state dictating all economic activity." While the country is open to foreign investment, "it's domestic investment that's important for Saudi Arabia right now - finding ways to stimulate the economy... and shift it towards something less based on energy. That diversification drive is why the state needs to sell a piece of Aramco," says Kamel. Also on this episode of Counting the Cost: Britain's central bank raises interest rates: The Bank of England has raised its key interest rate for the first time in a decade. The 0.25 percent hike was widely expected. British policymakers are trying to dampen inflation which has been ticking steadily higher. But with concerns over the country's Brexit-dented economy, which dilemmas in the current landscape might now be worrying the bank's governor the most? Jeremy Cook, chief economist and head of currency strategy of World First in the United Kingdom offers his take. Turkey's economy: Turkey's economic growth is one of the fastest among the world's 20 largest economies. Its gross domestic product recently topped 5 percent, something only bettered by China and India. But it's also dealing with high inflation and a falling lira. Sinem Koseoglu reports from Istanbul. Murat Yulek, professor of economics at Istanbul Commerce University, discusses challenges ahead. Nigeria oil clean-up: The clean up of a contaminated fishing community in Nigeria has finally begun, almost 10 years after two oil spills. Shell pipelines had corroded and the result saw millions of litres of crude oil pour into creeks and swamps around the Niger Delta. Ahmed Idris reports from Bodo. Qatar's water reservoirs: The construction of five water reservoirs in Qatar are almost complete. Once finished, they will be among the world’s largest reservoirs, with a capacity of some 100 million gallons of water each, as Laura Burdon-Manley reports from Doha. More from Counting the Cost on: YouTube - http://aje.io/countingthecostYT Website - http://aljazeera.com/countingthecost/
Views: 26562 Al Jazeera English
Ideas are a major factor in economic growth. But so are saving and investing. If you were given the choice between living in an inventive (more ideas) or a thrifty (more savings) country, which would you choose? The Solow model of economic growth, which we recently covered in Principles of Macroeconomics, can help you make the choice. In this Office Hours video, Mary Clare Peate will use our simplified version of the Solow model to show you an easy way to work out each country’s economic prospects, and then compare them to see where you’d rather be. Additional practice questions: http://bit.ly/1YcByds The Solow model playlist: http://bit.ly/1sv2Pfa Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Macroeconomics Course: http://bit.ly/1R1PL5x Help us caption & translate this video! http://amara.org/v/LUdW/
Views: 23746 Marginal Revolution University