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Trade spreads ideas and culture because it involves people moving from place to place around the world as they trade. As they move, they (and the people they meet) come into contact with new ideas and cultural practices. ... Today, trade is a rather impersonal business. There is growing interest in the creative economy in emerging markets in terms of its impact on employment and economic growth, as well as social and cultural impacts.
In South Africa, for example, a recent study by the South African Cultural Observatory, found that the country's creative economy contributed 1.7% to the economy in 2016. And that the creative sector grew ...
If China's economy grows as fast for the next 20 years as it has for the past 14, it will be the biggest economy on earth: I feel that China's drastic improvements over the last 14 years are overwhelming, with their Real GNP growing at a rate of 9% a year, which means by, 1994, China's economy will match the performance of countries like Japan and...
The impact of an appreciation depends upon the price elasticity of demand for exports and imports. For example, if demand for UK exports is price inelastic (because of few alternatives) then there will only be a small fall in demand. ' The impact of an appreciation depends on the situation of the economy. If the economy is in a recession, then an...
Ships have contributed to different cultures and economies by trading, hunting, and travelling. Without ships the transport industry wouldn?t have been developed. Ships are the most effective and beneficial transportation due to their variety of reasons. Most importantly it is used for trade goods such as silver and gold with other countries which...
From what I understand from the term, a developed country, it is the dividing line between an advanced country and a developing country. It is generally based on per capita income. Those with per capita incomes of less than one fifth of the level of those in the US are considered 'undeveloped'. The definition is very similar to explanation of w...
is known as one of the top economists in the world. He has a Ph. D. from Columbia University, won a Noble Memorial Prize in economics and has also been awarded many honorary degrees by other Universities in the United States. As you can tell, has played a significant part in helping to solve the economy problems of the world. You've probably hea...
