scholarly journals economic development

2019 ◽  
Author(s):  
hijratul husna
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Natural Resources ◽  
Economic System ◽  
Market Economy ◽  
Development Strategies ◽  
Positive Correlation ◽  
The Rich ◽  
Means Of Production

The problem of poverty is often associated with the problem of inequality in income distribution. Continuous economic growth does not always reduce poverty or economic growth which does not have a positive correlation with income distribution.The inequality of income distribution makes the rich and the poor's ravines increasingly steep which results in social jealousy and the potential to trigger various criminal acts.Inequality can be caused by inequality of natural resources (SDA), expertise, talent, and capital (an economic system in which trade, industry and means of production are controlled by private owners with the aim of gaining profits in the market economy, capital owners in trying to reach as big as possible), as well as inappropriate development strategies that are growth-oriented.

scholarly journals Economic Development Paper

2019 ◽  
Author(s):  
Diana Annisa
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Inequality ◽  
Income Distribution ◽  
High Growth ◽  
Relative Poverty ◽  
Low Level ◽  
The Poor ◽  
The Rich ◽  
Distribution Of Income

The main problems in economic development are increasing economic growth, eliminating poverty and eliminating poverty. In some destination countries it is sometimes a dilemma between emphasizing economic growth or reducing inequality in income distribution (Deininger and Olinto, 2000). High growth does not necessarily guarantee that the inequality of income distribution will be low.Poverty and income inequality are two things that are being intensely emphasized by the government's growth. Inequality is closely related to poverty because fundamentally inequality is an indicator of relative poverty, namely the gap between the rich and the poor. The low level of inequality, or the more even distribution of income, is certainly one of the important agendas of economic development.To measure economic inequality can be seen using the Gini ratio. Gini ratio is an indicator of income distribution level indicated by a coefficient of zero to one, which means the higher the coefficient, the more uneven distribution of income of the population.

Amiya Kumar Bagchi. The Political Economy of Underdevelopment. London: Cambridge University Press. 1982. Reprint 1983. pp.viii+276. List of books for further reading; Index. Price: £ 8.50 (paperback edition).

1985 ◽  
Vol 24 (1) ◽  
pp. 77-82
Author(s):  
Zia Ul Haq
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Third World ◽  
Social Process ◽  
Growth Strategies ◽  
Cambridge University ◽  
Working Classes ◽  
The Third ◽  
The Rich ◽  
The Third World

Amiya Kumar Bagchi, an eminent economist of the modern Cambridge tradition, has produced a timely treatise, in a condensed form, on the development problems of the Third World countries. The author's general thesis is that economic development in the developing societies necessarily requires a radical transformation in the economic, social and political structures. As economic development is actually a social process, economic growth should not be narrowly defined as the growth of the stock of rich capitalists. Neither can their savings be equated to capital formation whose impact on income will presumably 'trickle down' to the working classes. Economic growth strategies must not aim at creating rich elites, because, according to the author, "maximizing the surplus in the hands of the rich in the Third World is not, however, necessarily a way of maximizing the rate of growth".

scholarly journals A Discrete Heterogeneous-Group Economic Growth Model with Endogenous Leisure Time

2009 ◽  
Vol 2009 ◽  
pp. 1-17
Author(s):  
Wei-Bin Zhang
Keyword(s):  
Economic Growth ◽  
Human Capital ◽  
Income Distribution ◽  
Growth Model ◽  
Time Allocation ◽  
Capital Accumulation ◽  
Economic Growth Model ◽  
National Economic ◽  
The Rich ◽  
Main Engine

This paper proposes a one-sector multigroup growth model with endogenous labor supply in discrete time. Proposing an alternative approach to behavior of households, we examine the dynamics of wealth and income distribution in a competitive economy with capital accumulation as the main engine of economic growth. We show how human capital levels, preferences, and labor force of heterogeneous households determine the national economic growth, wealth, and income distribution and time allocation of the groups. By simulation we demonstrate, for instance, that in the three-group economy when the rich group's human capital is improved, all the groups will economically benefit, and the leisure times of all the groups are reduced but when any other group's human capital is improved, the group will economically benefit, the other two groups economically lose, and the leisure times of all the groups are increased.

Asta-Ja Framework: A Peaceful Approach to Food, Water, Climate, and Environmental Security Coupled with Sustainable Economic Development and Social Inclusion in Nepal

2021 ◽  
Author(s):  
Durga D Poudel
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Human Resources ◽  
Natural Resources ◽  
Social Inclusion ◽  
Good Governance ◽  
Economic Transformation ◽  
Environmental Security ◽  
Development Framework ◽  
Sustainable Conservation

Sustainable conservation, development, and utilization of natural and human resources is necessary for accelerated economic growth and fast-paced socio-economic transformation of Nepal. Asta-Ja Framework, which is a theoretically grounded grassroots based peaceful and self-reliant planning and development approach, offers practical strategies for sustainable conservation and development of natural and human resources enhancing food, water, climate, and environmental security, accelerated economic growth, and socio-economic transformation of Nepal. Asta-Ja includes interconnected eight resources in Nepali letter, Ja, – Jal (water), Jamin (land), Jungle (forest), Jadibuti (medicinal and aromatic plants), Janashakti (manpower), Janawar (animal), Jarajuri (crop plants) and Jalabayu (climate). Asta-Ja Framework is a unifying framework for planning and resources development and has a strong footing on science, business, and eastern philosophy. While providing practical guidelines for achieving food, water, climate and environmental security, this article presents Nepal Vision 2040, which is developed considering challenges that Nepal is currently facing and its available Asta-Ja resources, envisioning that Nepal’s economic development reaching at the par of developed nations by 2040. Key strategic sectors identified in Nepal Vision 2040 include smallholder mixed-farming system, agro-jadibuti industrialization, protection of drinking water sources, climate change adaptation, environmental pollution control, conservation of natural resources, infrastructure, tourism, renewable energy, alleviation of inequalities, and good governance. This article demonstrates strategies for addressing social discrimination and inequalities through the process of Asta-Ja community capacity-building and self-reliant development. Ecological balance of Asta-Ja resources is necessary for sustainable natural resources, economic development, and community resiliency. The Government of Nepal is suggested to adopt Asta-Ja Framework as its national planning and development framework for sustainable economic growth and fast-paced socio-economic transformation of the country.

scholarly journals Economic Growth and Income Inequality in Developing Countries

2015 ◽  
Vol 9 (6) ◽  
pp. 79-82 ◽  
Author(s):  
Morteza Nemati ◽  
Ghasem Raisi
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Income Inequality ◽  
Income Distribution ◽  
Economic System ◽  
Development Strategy ◽  
Low Income ◽  
Poverty Eradication ◽  
The Relationship ◽  
Selection Of

Nowadays, improvement in income distribution and poverty eradication and hence low inequality are served as the main objectives of economic and social development strategy even prior than primary tasks of governments. to manifest importance of income distribution, some economists adopt income inequality and income distribution in society as criteria for economic system of the community, although these criteria and measures are theoretical for the economic system and this varies from the perspective of different people, however, it denotes on  importance of income distribution among individuals. The main objective of this study was to evaluate the effect of economic growth on income inequality in the selection of low-income developing countries.To this end, using panel data and data for 28 developing countries over the period 1990-2010 the relationship between GDP and the Gini coefficient was examined. The results indicate that as per hypothesis Kuznets in the early stages of growth, income inequality increases and then it declines in later stage.

scholarly journals The Normative Connotation and Legal Guarantee of Market Economy in China's Constitution

2020 ◽  
Vol 3 (5) ◽  
Author(s):  
Pan Jiang
Keyword(s):  
Economic Development ◽  
Economic System ◽  
Market Economy ◽  
Economic Freedom ◽  
State Agencies ◽  
Economic Equality ◽  
The Core ◽  
Market Economic

At this stage, the market economy has become an important force to promote China's economic development. Consolidating the core of market economic development, namely, economic equality and economic freedom, is an inevitable requirement for upholding and improving China's basic economic system, and it is also an important aspect of the country's strong guarantee for market economic development. Therefore, it is necessary to research the meaning of the market economy in the constitution, and at the same time clarify the constitutional norms’ obligation to guarantee the implementation of state agencies to provide adequate constitutional guarantees for the development of the market economy.

scholarly journals Network model for researching the impact of the increasing of division of labor on innovations and economic growth

2020 ◽  
pp. 60-69
Author(s):  
I.P. Timofeev ◽  
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Economic System ◽  
Division Of Labor ◽  
Network Model ◽  
Economic Development And Growth ◽  
Economic Interpretation ◽  
The Impact ◽  
Further Development

The author offers a network model of the economic system designed to research the impact of increasing technological division of labor on the opportunities for economic development and growth. The article describes the main elements of the model and their economic interpretation, as well as the basic rules for its construction. An economic network consists of sets of producers, consumers and goods flows between them. The author shows how the model represents the appearance of various types of innovations. The author has outlined main directions of further development and researching the model.

scholarly journals Economic Development

2019 ◽  
Author(s):  
Dhina Vadyza
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Urban Areas ◽  
Gini Index ◽  
Production Factor ◽  
Real Economy ◽  
Long Run ◽  
Per Capita ◽  
Capita Output

Economic growth is a process of increasing per capita output that occurs continuously in the long run. Economic growth is one indicator of the success of development. Increasingly increasing economic growth usually increases people's welfare. While economic development is an effort to increase per capita income by processing potential economic forces into the real economy through investment, increasing knowledge, increasing skills, using technology, adding management skills and organizing.Economic growth is also related to the increase in "per capita output". The theory must include theories about GDP growth and theories about population growth. Then the third aspect is economic growth in a long-term perspective, that is, if for a long period of time the per capita output shows an increasing tendency.The distribution of income distribution in Indonesia is increasingly uneven. This can be seen from the increasing Indonesian Gini Index. As is known, the Gini index measures the income distribution of a country. The size of the Gini index Between 0 (zero) to 1 (one), the Gini index Equal to 0 (zero) indicates the index that the income distribution is perfectly equal, while the Gini index is 1 (one ) shows that the income distribution is totally uneven. Based on the data, the Indonesian Gini index continues to increase from year to year.The state of income distribution in Indonesia since 1970 can be said not to improve, this is caused by many factors, including the First production factor market (input market) which is the increase in labor supply which results in excess labor, low labor wages and limited employment opportunities in urban areas resulting in unemployment and urban slums.Second, land ownership. Land distribution is the main determinant of the extent of poverty and income distribution.

scholarly journals Economic growth and its key factors: an alternative view on the factors stimulating agriculture growth

2020 ◽  
Vol 175 ◽  
pp. 13028
Author(s):  
Prateep Wajeetongratana
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Natural Resources ◽  
International Migration ◽  
Research Study ◽  
Alternative View ◽  
Key Factors ◽  
Domestic Markets ◽  
The Core

This research study makes an attempt to study the impacts of natural resources as well as financial and labor factors on economic development of contemporary states. Also, it investigates the correlation between all these factors mentioned above, in the context of countries’ economic growth. The obtained here results have helped us determine the core reasons behind international migration as a global phenomenon applicable to all countries without exceptions. Indirectly, we also demonstrate the transforming role of the labour factor as applied to economic development of countries and regions. Finally, positive impacts of a set of manufacturing factors on both international and domestic markets are demonstrated.

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