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: 417374 Jacob Clifford
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: 2567 tutor2u
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: 316572 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: 929023 CrashCourse
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: 121382 explainitychannel
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: 347607 Khan Academy
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: 317110 Marginal Revolution University
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: 8870 Examrace
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: 314440 Jason Welker
An Analysis of the Impact of Investment on Economic Growth in Zimbabwe
Views: 11 Research Media
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: 598297 Marginal Revolution University
China has achieved extraordinary economic growth in the last several decades. Now, China’s long-term future requires an ambitious restructuring of its economy, emphasizing domestic consumption over government investment. In advance of President Xi Jinping’s September 23-26 US state visit, senior leaders from Goldman Sachs discuss why China’s economic transformation is necessary, the potential challenges to the transition, and the country’s evolving role as a global economic superpower. Learn more: http://link.gs.com/6OBo
Views: 15120 Goldman Sachs
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: 272053 Marginal Revolution University
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: 527138 Khan Academy
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.
For more information log on to http://www.channelstv.com
Views: 139 Channels Television
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: 176309 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: 1038 New Economic Thinking
A2/IB 4) Measures of Development - Single Indicators (GDP/Capita PPP, Health and Education Measures) - An understanding of different forms of measuring development looking at single indicators with a specific focus on GDP/capita PPP
Views: 38211 EconplusDal
American Action Forum President Doug Holtz-Eakin and CNBC's Rick Santelli discuss the benefits of tax reform, domestic investment and productivity growth.
Views: 129 CNBC 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: 144183 Marginal Revolution University
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: 64853 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: 21007 EconplusDal
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
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: 32710 Econ Course Companion
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
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: 9435 ABS-CBN News
Speaker(s): Professor Liu Wei Chair: Professor Paul Kelly Recorded on 21 November 2013 in Old Theatre, Old Building. New Goals for China's Economic Development China has built a relatively well-off society by the end of the 20th century, transforming from a low-income country to a lower-middle-income one. In the first decade of the 21st century, China has further elevated itself to an upper-middle-income country. Based on these achievements, the country sets its new goals for economic development: a sustainable economic growth to double its scale, a high-income economy with a higher per capita GDP, a transformation in the economic structure and an overall modernisation. New Changes in China's Economic Development 1. The costs for different production (supply) factors has increased significantly, which means China can no longer depend on its low costs to compete in the international arena. Therefore, it is necessary to transform its development pattern, from its dependence on the expansion of investment in production factors to an economic growth powered by efficiency (including both factor efficiency and total factor productivity). 2. The major threat against a balanced economic development turns from increased demand to demand deficiencies, which mainly manifests in three aspects: a deficiency in investment, a deficiency in consumption and a decreasing boost from export demand to the economic growth which relies more and more on domestic consumption. New Features in China's Unbalanced Economics Since China took its baby-steps toward an upper-middle-income economy in 2010 at a time when the government began to retreat from its growth-stimulating policies against the 2008 financial crisis, new features of China's economic imbalance have emerged. The country now faces two risks: great pressure from inflation and a lack of demand to drive up the economy. New Directions for China's Economic Growth Adjustments in macro-economic policies can help to alleviate the short-term disequilibrium. However, the major threat of China's short-term disequilibrium and long-term unsustainable development stems from the structural conflicts in the economy. Therefore, in order to alleviate and efficiently control these conflicts, and to bridge the "middle-income gap", China needs to transform its development pattern. Its main approach is to make a strategic adjustment in the economic structure and to encourage innovation in technology and policies, which also serves as the drive for the adjustment. Only by deepening reform can innovation in policy-making be achieved; only by innovation in policy-making can technological innovation be pushed forward. With innovations in these fields, a further upgraded economic structure and a strategic adjustment to transform the development pattern can be achieved, which will ultimately bring about the new historical transcendence of China's economy and its sustainable development. Professor Liu Wei is executive vice president of Peking University in charge of humanities and social sciences, continuous education, sports and technology transfer at the university. He got his bachelor, master and Ph.D. degrees in economics at Peking University. Before the current position, he served as dean of School of Economics, assistant president and vice president of Peking University. He is also the chief editor of the academic journal Economic Science. His research interests include economic theories of socialism in political economics, economic transition theories in institutional economics, industrial structure evolution in development economics, and enterprise ownership. He was appointed as chief expert in the projects "Research on the Development of China's Market Economy" (2003) and "Research on China's Monetary Policy and Transmission Mechanism" initiated by the Ministry of Education of China. He was also responsible for the key project "The Trend of China's Mid-term and Long-term Economic Growth and Structure Changes" (2009) supported by the National Social Science Foundation of China. Professor Liu is also a member of the Theoretical Economics Section of the Disciplinary Appraisal Panels under the Academic Degrees Committee of the State Council, Vice Chair of the Steering Committee for Economics Teaching of the Ministry of Education of China and Vice Chair of Expert Committee on Discipline Development and Specialty Setup of the Ministry of Education of China. This video is in English. To see the Chinese version, please see http://youtu.be/FaNj0ReHh6Y
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: 1304872 CrashCourse
Economists at the nation''s highest research institute released their domestic economic projections today for 2016 and 2017, indicating expected growth of 1.68 percent next year. But they warned that the possibility of US trade protectionism, the Fed''s decision to raise its key interest rate, and Chinese economic sanctions could all inject uncertainty into Taiwan''s economic prospects for the year ahead. Orders for “smart” consumer electronics products like smartphones and tablets took off in the second half of the year, driving export growth, according to the Institute of Economics at Academia Sinica. The institute estimated that domestic economic growth in 2016 would come to around 1.23 percent.Ray ChouAcademia Sinica Institute of EconomicsThe semiconductor sector received a boost in the second half of the year on the back of higher-than-expected sales of the iPhone. Moreover, the predicted negative economic effects of Britain’s vote to leave the EU have yet to fully kick in.Taiwan’s economy might have turned a corner in 2016, but economists at Academia Sinica remain conservative on their forecast for 2017, saying that progress might be uneven.Ray ChouAcademia Sinica Institute of EconomicsThere’s probably no way for economic growth in 2017 to reach 2 percent, but if the Cabinet is able to put into place expanded measures to spur domestic demand, there might be a way to hit 2 percent growth over the course of the whole year.Other domestic economic forecasting outfits have made their own predictions for 2017, with the Taiwan Research Institute expecting 1.74 percent growth and the government’s own official statistics bureau forecasting 1.87 percent growth. The National Development Council, meanwhile, is projecting growth next year to break 2 percent.
Views: 83 民視英語新聞 Formosa TV English News
The third macroeconomic goal is 'High & Sustained Growth,' but growth of what? This video explains what GDP is, and the expenditure approach to GDP. "(Macro) Episode 20: GDP" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Views: 285607 mjmfoodie
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: 132065 Marginal Revolution University
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: 279 CGTN
Taiwan''s exports are expected to shrink this year, leading many to forecast economic growth of around 2 percent. While the government says poor economic data is mainly due to international conditions, some believe a more serious industrial transformation is taking place. This factory at the Changhua Coastal Industrial Park produces synthetic leather. Many of its long-term downstream customers have moved away from Taiwan, making business increasingly difficult.Chen Yung-nengXing He Industry GM At the outset, we shouldn’t encourage them to move but to instead upgrade their technology and production. The government hasn’t been very effective in cultivating this industry, so many middle and downstream companies have rushed to Southeast Asia or China to survive. Li Mou-dian Xing He Industry ChairmanWith the domestic market shrinking, downstream manufacturers have left, causing a decline in the demand for synthetic leather. This means we have to dedicate more human resources to developing foreign markets.The latest case indicating Taiwan''s industrial shift is the Formosa Plastics Group, which plans to invest US$15 billion overseas in the next three years. In the past, some 75 percent of this company’s investment was in Taiwan, though this could fall to 20 percent. Kenneth LinNTU Economics Professor In the past, capital that moved overseas was mostly SMEs in the manufacturing industry. Now, it’s big companies with more capital at stake. When the companies move overseas, so do their investments.The central bank chose the anniversary of President Ma Ying-jeou’s seventh term of office to announce that the first quarter of the year saw a record high net outflow of funds.Wang Jiann-chyuan Chung-Hua Institution for Economic Research Insurance companies need to generate a fixed rate of 4 percent each year. Taiwan doesn’t have many good financial products, so they invest tens of billions of US dollars overseas, which leads to this account deficit. This is the main reason behind this problem.Taiwan’s failure to keep money in the country is compounded by the fact that foreign investment is also unlikely to be attracted to Taiwan.Wang Jiann-chyuan Chung-Hua Institution for Economic Research In 2013, we only attracted foreign direct investment of about US$3.7 billion while Singapore attracted US$63.7 billion. This is a major warning sign. Among Asian countries, our foreign direct investment only surpasses North Korea and Pakistan. In the past, we compared with the United Kingdom, United States, Singapore and South Korea, but now we only compare with Pakistan and North Korea. This indicates that Taiwan''s investment environment is actually getting worse. Taking a tour of this factory, Xing He Industry Chairman Li Mou-dian says the only way to overcome these challenges is innovation.Li Mou-dianXing He Industry ChairmanThis is an example of traditional PVC material. This is our newly developed environmentally friendly TPU material. When you produce PVC, there is a strong smell. TPU is odorless and non-toxic.Li said it took years of research and development to create this environmentally friendly synthetic leather. PVC’s resistance to decomposition as well as the noxious gases it produces when incinerated make it environmentally unfriendly.Li Mou-dian Xing He Industry ChairmanThe most important aspect of TPU is the fact that it’s environmentally friendly. We managed to make it decompose in little more than 10 years. PVC can’t dissolve, so it can last for 10,000 years, leading to many environmental problems. TPU, in addition to conforming with environmental trends, can also resist cold temperatures and is easily malleable, making it preferable to PVC. Despite these advantages, Li faces many problems. Li Mou-dianXing He Industry ChairmanWhen we export to other countries, we face the burden of paying extra tariffs that other countries don’t have to pay. Not being included in some free trade agreements is a hindrance to our business. Wang Jiann-chyuan Chung-Hua Institution for Economic ResearchFirst of all, (Taiwan’s) market is too small. Secondly, there have been too few free trade agreements. Taiwan must find a ways to use TPP and RCEP to gradually increase our reach. Although there are many challenges to overcome in the future, Li hopes that he can do enough to be able to remain in Taiwan.Li Mou-dian Xing He Industry ChairmanI think industries establishing deep roots in Taiwan require consensus on the part of everyone. If future issues are not resolved, it could create a lot of pressure for everyone.Kenneth LinNTU Economics DepartmentThose companies that have remained in Taiwan this long and have continued to survive have pursued a unique development path. I just want to say the government should not ignore these companies. Their ability to endure doesn’t mean they need special care. We spend so much time thinking about creating ...
Views: 5584 民視英語新聞 Formosa TV English News
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
Learn about South Korea’s remarkable transformation from a low to high-income, growth economy. Take this course free on edX: https://www.edx.org/course/kee01x-korea-economic-development-wbgx#! ABOUT THIS COURSE South Korea presents a compelling story of economic growth. It’s one of few countries that have made the transition from a resource-poor, low-income nation to a high-income economy in only three decades. It serves as a model for developing countries and in this MOOC you’ll learn, from experts of South Korea’s research and academic institutions, how economic policies and strategies transformed the nation. This economics and finance course examines South Korea’s past developmental experience as well as its current policy and economic strategies for overcoming global and domestic challenges, and for sustaining economic growth into the 21st century. You’ll have an opportunity to consider and discuss institutional and policy lessons that have practical applications to development and economic challenges countries are facing today. The course will be of interest to anyone wanting to learn how South Korea transformed into a high-income, export-driven country with a highly skilled workforce, high-end manufacturing, service and technology sectors, and developed its own ‘smart city’ Songdo, equipped with smart and green technologies. This MOOC will also be of particular interest to policy makers involved in economic development. The course has been developed by the World Bank Group in collaboration with Korea Development Institute, and is taught by prominent representatives of academic and research institutions in South Korea and the United States. WHAT YOU'LL LEARN - The factors that contributed to South Korea’s remarkable performance from the 1960s to the 1990s and how policies could be applied to similar effect today - The strategies used to build a system of innovation and innovative capability in science and technology - The forward looking developments promoting diversification into advanced manufacturing, tradable services and digital/green technologies - Current efforts to upgrade skills and productivity of an ageing workforce and the strengthening of a social safety net - The city of Songdo; the effectiveness, scalability and applicability of its green and smart technologies
Views: 8802 edX
Bangladesh's economic growth has shown commendable performance for the last 20 years. Impressive private sector led growth of above 5% for last two decades have indeed taken the economy to a new trajectory - contributed by steady agricultural production, increased exports earnings, healthy remittance and vibrant domestic demand. The recent positive sovereign rating by Moody's Investor's Services and Standard and Poor's (S&P) brought about a new dimension to Bangladesh's economic outlook. US investment Bank Goldman Sachs has included Bangladesh in "The Next-11" as one of the most promising economies after the BRIC nations. Price Water House Coopers (PWC) has also included Bangladesh in their new PWC 30 list considering its potentials of growth. The present government has set "Vision 2021" to move Bangladesh to a middle Income Country (MIC) by 2021. We are confident that "Vision 2021" objectives of strong economic fundamentals will set the foundation for Bangladesh to become one of the 30th largest economies in the world. However, Bangladesh needs to accelerate its development activities by fast tracking into higher GDP growth and investment trajectory. Low cost production base alone will not determine Bangladesh's competitiveness as an attractive investment destination. Bangladesh needs to adopt pragmatic "Strategies" and competitive "Policies" to address the challenges in attaining high growth for new opportunities for investment.
Views: 21021 Young Bangla
Impacts of Domestic Savings on Economic Growth of Vietnam
Views: 33 Research Media
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: 204 euronews (in English)
Finance and insurance; professional, scientific, and technical services; and wholesale trade were the leading contributors to the increase in U.S. economic growth in the second quarter of 2015. Overall, 18 of 22 industry groups contributed to the 3.9 percent increase in real GDP in the second quarter.
Views: 61 BEAWebmaster
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: 23548 Marginal Revolution University
A prominent economic think-tank has lowered its yearly growth projection for Taiwan’s economy from 1.93% to 1.42%, citing a weak domestic economy, coupled with poor earnings reports from the parent companies of foreign banks in Taiwan. The Yuanta-Polaris Economic Research Institute lowered its forecast in the wake of an announcement that British bank Barclays Capital Securities plans to terminate its operations in Asia, including Taiwan.Barclays isn’t the only foreign bank in Taiwan suffering from a sluggish economy. Citibank closed four of its branches on March 1, and analysts now see HSBC, which has also closed four branches, as the next potential bank to call it quits. Liang Guo-yuanYuanta-Polaris Research InstituteIf parent companies are reporting sub-par profits, then of course there will be branch closures, which are going to be most visible in their [overseas operations].Liang says Yuanta’s lowered forecast is based on the anticipated withdrawal of foreign banks due to sub-par earnings, as well as an unfavorable domestic investment environment, which is resulting in reduced foreign investment.Liang Guo-yuanYuanta-Polaris Research Institute“We’ve revised our economic growth forecast in December of last year from 1.93% to 1.42%, a form of suspended growth. In other words, we have extreme instability at the foundation, which points to a serious structural problem both globally and in Taiwan.” Experts say sagging exports also contribute to the lowered growth forecast.
Views: 378 民視英語新聞 Formosa TV English News
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: 26474 Al Jazeera English
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
What is GDP (Gross Domestic Product) -- GDP is the total monetary value of the final goods and services produced within the geographical boundaries of a country in a given period of time. For a more detailed explanation of the terms: GROSS: The depreciation in the capital assets of the country, occurred during the year is inclusive. This means, the monetary value of loss of assets due to production activities had not been deducted. If we do deduct it, it becomes NET. DOMESTIC: Domestic implies, produced within the geographical boundaries. It does not take into account the country's earning outside its geographical boundaries, or foreign remittances. Neither does it deduct transfers outside of the country. If these remittances are added and the transfers deducted, the value becomes NATIONAL. PRODUCT: The final goods and services. Final implies that intermediate goods are not taken into account. For example, wheat sold for final consumption to consumers will be taken into account, but the amount of wheat sold to bakeries for further production of bread will not be added. The value of bread will be taken into account which will be inclusive of the value of its input: wheat. This is done to avoid double counting. Find us on Social Media and stay connected: Facebook Page - https://www.facebook.com/InvestYadnya Facebook Group - https://goo.gl/y57Qcr Twitter - https://www.twitter.com/InvestYadnya
Views: 67333 Yadnya Investment Academy