Principles of Economics (12th Edition)
12th Edition
ISBN: 9780134078779
Author: Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher: PEARSON
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Chapter 31, Problem 2.1P
To determine
Role of new technology in a developing country.
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Economic growth typically results in rising standards of living and prosperity. However, it also invites negative externalities such as environmental degradation due to over-exploiting of natural resources. As such, the world is confronted with the dilemma of growth versus environmental sustainability. Developing a model explaining the disparity of economic development concentrating on drivers such as tourism sustainability, technological innovation and the quality of leadership would be important not only to facilitate future economic growth in developing countries, but also to the environmental and sociocultural sustainability which ultimately lead to global sustainable development. The present research objective is to develop and test framework of sustainable development by considering the elements of tourism, technological innovation, and national leadership. This further would facilitate growth, environmental and socio-cultural sustainability. Understanding the integration of…
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Principles of Economics (12th Edition)
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- What did Thomas Malthus believe about population growth?arrow_forwardWhy Economic Development is preferred over Economic Growth. Do you think Developed countries are economically more developed than developing countries? Explain it with examplesarrow_forwardClimate differences affect the economic development of countries. For example, undeveloped countries live in tropical and sub-tropical zones whereas highly developed nations live in temperate zones. Give two reasons why differences in climate tend to affect growth in economic development.arrow_forward
- An underdeveloped country is a country characterized by chronic widespread poverty and less economic development than other nations. Emerging markets, developing countries, and newly industrialized countries are terms that are often used interchangeably for an underdeveloped country. These countries have very low per capita income and many residents live in very poor conditions, including lacking access to education and health care. Additionally, underdeveloped countries have obsolete methods of production and social organization. These nations often experience high birth rates and high population growth, further contributing to their widespread poverty. The most accurate way to categorize the development of countries is by using the Human Development Index (HDI). The Human Development index looks at each country’s human development such as life expectancy, education, and per capita income indicators. Human Development Index ranks countries on a scale from 0-1, from least developed to…arrow_forwardAn underdeveloped country is a country characterized by chronic widespread poverty and less economic development than other nations. Emerging markets, developing countries, and newly industrialized countries are terms that are often used interchangeably for an underdeveloped country. These countries have very low per capita income and many residents live in very poor conditions, including lacking access to education and health care. Additionally, underdeveloped countries have obsolete methods of production and social organization. These nations often experience high birth rates and high population growth, further contributing to their widespread poverty. The most accurate way to categorize the development of countries is by using the Human Development Index (HDI). The Human Development index looks at each country’s human development such as life expectancy, education, and per capita income indicators. Human Development Index ranks countries on a scale from 0-1, from least developed to…arrow_forwardAn underdeveloped country is a country characterized by chronic widespread poverty and less economic development than other nations. Emerging markets, developing countries, and newly industrialized countries are terms that are often used interchangeably for an underdeveloped country. These countries have very low per capita income and many residents live in very poor conditions, including lacking access to education and health care. Additionally, underdeveloped countries have obsolete methods of production and social organization. These nations often experience high birth rates and high population growth, further contributing to their widespread poverty. The most accurate way to categorize the development of countries is by using the Human Development Index (HDI). The Human Development index looks at each country’s human development such as life expectancy, education, and per capita income indicators. Human Development Index ranks countries on a scale from 0-1, from least developed to…arrow_forward
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