Economic growth in a city, state, or country is characterized by steady growth in the productive capacity of the economy or a growth of national income (Fernandez- Villaverde, 2001). The Gross Domestic Product (GDP) growth rate is most commonly used to measure economic growth because it is a reflection of the total change in a country’s national output (Filardo, 1999). This growth rate is used to predict the direction of an economy. A positive growth rate indicates a positive economy with more jobs, consumption and income while a negative growth indicates an economic decline (Filardo, 1999). Economic growth constitutes superior productivity, prosperity, and increased capital per capita resulting in a higher quality of living. Conversely, economic decline can lead to a higher percentage of unemployment and scarcity of resources (Morrison, 1972). The GDP growth rate mirrors the economic growth rate in that the GDP growth rate is comprised of two components: population growth and labor productivity (Fernandez- Villaverde, 2001). For this reason, the GDP growth rate should be used in order to obtain the most accurate measure of economic growth.
Land Use and Social Sciences
Social science is a field of study primarily concerned with society and human behaviors. Due to the poor connections between spatially explicit (restricted land space) land use studies and the social sciences, it is difficult for land use modelers to utilize the vast stock of social science theory and methodology (Verburg, Schot, Dijst, & Veldkamp, 2004). This difficulty is further complicated by the ongoing obstacles within the social sciences in trying to interconnect the micro and macro levels of social organization (Coleman, 1990).
Micro level pers...
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1. What is the difference between a. and a. Economists use real GDP per capita to measure economic growth because it ignores the effect of price changes. B. Because poor nations have a large population and the population of richer nations is declining. C) because it is the inflation-adjusted value of a country's production of goods and services corrected for the change in a country's population. D) even though nominal GNP per capita is a far superior measure of economic growth.
Global Inequalities and Interdependence Outline, and discuss the value of some of the indices which geographers have used in attempting to define 'a developing country' Measures of development are defined using a multitude of theories. Some focus on economic indicators, others on the quality of life. The economic indicator uses figures from GDP and GNP, which stand for Gross Domestic Product and Gross National Product respectively. GNP is the total value, or output of goods and services which become available during a period of time for consumption or saving within a country, plus income from foreign investors. This is then measured per head of the population, which gives GNP per Capita.
Every year there is a ‘league table‘ published showing the level of economic growth achieved by each country. The comparison is made using each countries Gross Domestic Product, or GDP. An important factor to look at is the difference between actual and potential economic growth. Actual economic growth increases in real GDP. This increase can occur as result of using previously unemployed resources, or reallocating resources into more productive areas or improving existing resources. Whereas potential economic growth is the productive capacity of the economy. For example, it can be shown by the predicted ability of the country to produce goods and services. This changes when there is an increase in the quantity or quality of the resources. All countries have different ways of achieving this with the resources they have available to them. For this reason it party answers the question of why some countries are richer than others. It is widely thought that the productive capacity of an economy will increase each year largely due to improvements in education and technology. This will obviously differ from country to country. For example, in the UK the quality of fertilizer could be improved, hence forth increase the years fruit and vegetable output.
This essay will define what the Gross Domestic Product (GDP) or Gross National Product (GNP) is and how the circular flow chart is dependent on an equal flow in and out of the economy. The thesis for the essay is that society should not place the highest priority upon the pursuit of economic growth; this will be supported with evidence. It will also briefly argue the opponents side on why GDP should be the highest priority.
* Urban Professional^s recognition of the increased variability, robustness, and interest in both the urban area and their work. * Conservation Activist^s commendation of the lower consumption of resources, and reduced pressure on sensitive environment areas, suggestive of a reduction in urban sprawl. * The Development Industry^s equations of profit established through better and higher levels of land use. Essentially urban consolidation proposes an increase of either population or dwellings in an existing defined urban area (Roseth,1991). Furthermore, the suburban village seeks to establish this intensification within a more specific agenda, in which community is to be centred by public transport nodes, and housing choice is to be widened with increased diversity of housing type (Jackson,1998).
There were an abundance of spatial differences in terms of ethnic, convivial and occupational status, while there were low occurrences of the functional differences in land use patterns. The concentric model postulated a spatial disunion of place of work and place of residence, which was not generalized until the twentieth century.
Again, this section will give a working definition of the “urban question’. To fully compare the political economy and ecological perspectives a description of the “urban question” allows the reader to better understand the divergent schools of thought. For Social Science scholars, from a variety of disciplines, the “urban question” asks how space and the urban or city are related (The City Reader, 2009). The perspective that guides the ecological and the social spatial-dialect schools of thought asks the “urban question” in separate distinct terminology. Respected scholars from the ecological mode of thinking, like Burgess, Wirth and others view society and space from the rationale that geographical scope determines society (The City Reader, 2009). The “urban question” that results from the ecological paradigm sees the relationship between the city (space) as influencing the behaviors of individuals or society in the city. On the other hand...
The human population growth rate is an alarming issue that brings with it irreversible consequences, that will likely effect the way of life for future generations to come. With the serious incline in population statistics comes catastrophic processes such as global warming and deforestation that have major ‘knock on’ ramifications. It’s issues such as these that need to be considered when we think about the growth of the human population, and we must take into account why these issues are occurring. We must also explore the options available to us that may assist in limiting the problems, or eliminating them all together, to provide a better place, not only for us in existence now, but also those who will walk this earth in the future decades and centuries to come.
The economy of a nation is a major indication of its success. One aspect of a nation's economic success or failure is the system of government. Whether a nation is socialistic, communistic, ruled by absolute sovereignty, or based on capitalistic principles can be a key factor in a country's economic success or failure. Government is the foundation of an economy but it is not what determines its success. Issues that determine a nation’s economic success include growth strategies, improved or increased resources, investment and savings, government policies, trade, foreign direct investment, income distribution, labor allocation, innovations in technology, and several other economic issues. I feel that economic growth is the main indicator of economic success. Additionally, innovations in technology, improving human capital, and improving foreign direct investment (FDI) are three issues that can lead to economic growth.
Indeed, many global cities face compelling urban planning issues like urban sprawl, population, low density development, overuse of non-renewable natural recourses, social inequities and environmental degradation. These issues affect the cities themselves, the adjacent regions and often even globally. The resulting ecological footprint upsets the balance in adjacent rural and natural areas. Unplanned or organic development leads to urban sprawl, traffic problems, pollution and slums (as evident in the case of Mumbai city). Such unplanned development causes solid waste management and water supply to fall inadequate. Urban sprawl gives rise to low density development and car dependent communities, consequently leading to increased urban flooding, low energy efficiency, longer travel time and destruction of croplands, forests and open spaces for development.
In order for any country to survive in comparison to another developed country they must be able to grow and sustain a healthy and flourishing economy. This paper is designed to give a detailed insight of economic growth and the sectors that influence economic growth. Economic growth in a country is essential to the reduction of poverty, without such reduction; poverty would continue to increase therefore economic growth is inevitable. Through economic growth, it is also an aid in the reduction of the unemployment rate and it also helps to reduce the budget deficit of the government. Economic growth can also encourage better living standards for all it is citizens because with economic growth there are improvements in the public sectors, educational and healthcare facilities. Through economic growth social spending can also be increased without an increase of taxes.
Economic growth is one of the most important fields in economics. In current generation economic is developing well. Economic growth is really important to country and for the world as well. Economic are one of the identity for country because it shows a country development and attraction for other countries (F, Peter. 2014). For example well economic develop such as Singapore, Dubai, New York, and Japan. These countries are well develop and maintaining their economic growths. Economic growths are really important because higher average incomes enables consumers to enjoy more goods and services. Then, lower unemployment with higher output and positive economic growth firms tend to utilize more workers creating more employment. Enhanced public
The Gross Domestic Product (GDP) is the total market value of in a country’s output. The GDP is the total market value of all final goods and services produced by factors in within given period of time that located in the country doesn’t matter they are citizens or foreign-owned companies. Hence, the GDP is the best way to measure the country economy.
Economic development is fundamentally about enhancing the factors of productive capacity, such as land, labor, capital, and technology, of a national, state, or local economy, as stated by the U.S. Economic Development Administration. Economic development influences growth and restructuring of an economy to enhance economic well-being. We experience economic growth when our standard of living is rising. Rather than being a simplistic process, economic development typically is a range of influences aimed at achieving objectives like creating jobs and wealth and improving the quality of life. It incorporates coordinated initiatives targeted at expanding infrastructure and increasing the volume and/or quality of goods and services produced by a community. A common measure of economic development is a country’s gross national ...
Economic development has a direct relationship with the environment. Whereas economic development is a policy intervention endeavour with aims of economic and social well-being of the people, economic growth is a phenomenon of market productivity and rise in GDP. According to them, the first chain consists of economic growth benefiting human development, since economic growth is likely to lead families and individuals to use their heightened incomes to increase expenditures, which in turn furthers human development. At the same time, with the increased consumption and spending, health, education and infrastructure, systems grow and contribute to economic growth.