Economic Development

1.Consider the following entry game.  Here, firm B is an existing firm in the market, and firm A is a potential entrant.  Firm A must decide whether to enter the market (play "enter") or stay out of the market (play "not enter").  If firm A decides to enter the market, firm B must decide whether to engage in a price war (play "hard"), or not (play "soft").  By playing "hard", firm B ensures that firm A makes a loss of $1 million, but firm B only makes $1 million in profits.  On the other hand, if firm B plays "soft", the new entrant takes half of the market, and each firm earns profits of $5 million.  If firm A stays out, it earns zero while firm B earns $10 million. Which of the following are Nash equilibrium strategies?

Development in the West did not occur until later in American History. Although the West was seen as a large desert, the West quickly became the target behind the expansionist campaigns of the United States during the 18th century. Many settlers travelled to the West, dreaming of the idea of opportunities. Although factors such as Native Americans, motivations and railroads played a large role in shaping the West, their influence came about only as the result of the inherent economic potential of the region, as well as the incredibly diverse climate which outnumbered all else in the development in the West.

Thesis: The best to improve the economic conditions is to use Dr. King way and be passive aggressive. Malcolm X´s way was to force people into giving them what they wanted and that was only making it worse and had no affect on improving their economic conditions. Not only was Dr. King´s way non violent but it also had a greater affect on the economic conditions.

* Chapter 12: Problems 2, 3a, 3b, 10a, 10b, 22a, and 22b on pages 440-443

The thirst for more houses farther and farther away from established urban centers poses a grave threat to the environment and our quality of life. Greedy developers consume

Economic growth is a necessary but not sufficient condition of economic development. There is no single definition that encompasses all the aspects of economic development. The most comprehensive definition perhaps of economic development is the one given by Todaro: ‘Development is not purely an economic phenomenon but rather a multi – dimensional process involving reorganization and re orientation of the entire economic and social system. Development is a process of improving the quality of all human lives with three equally important aspects. These are: 1.

The paper by (Bird, 2013) first sets out the theory of expenditure assignment with respect to decentralizing infrastructure expenditure, and then considers how practice around the developing world appears to differ from what that theory appears to suggest. The paper suggests several ways in which theory and practice might be brought closer together. distinguish four categories in terms of the functions served by such investment: (1) Redistribution (housing, recreation, social protection), (2) Public Goods (defense, environment, order and safety, general public services), (3) Hospitals and Schools (health and education), and what they call simply (4) Infrastructure, that is traditional public works projects, of which transportation

On October 3, 2000, E-Centives, incorporated in the United States, made an initial public offering on the Swiss Stock Exchange’s New Market. The company raised approximately US $ 40 million. The E-Centives offering circular stated that no offers or sales of the company’s common stock would be made in the United States, and that there would be no public market for the common stock in the United States after the offering.

• Align its property cycle (ordinarily 10-20 years) to its BUSINESSES cycle (less thAN 3 years), anrefore

The tax collected from households prior to redistribution is based a tax revenue function consisting of the current year’s land value, LVit, land tax rate, TaoLL, current year’s improvement value, IVit and improvement tax rate, TaoIV(2).

This research looked into the immediate effects of the Organisation for Economic and Co-operation Development’s (OECD) Base Erosion and Profit Shifting (BEPS) project with international companies and governments beginning in 2016. OECD is an organization comprised of 35 countries, including the United States and United Kingdom, founded in 1961 to assist governments in promotion and regulation of worldwide economic development. After years of speculation of international companies finding loopholes within the current tax laws to avoid taxes through various schemes, OECD released a document titled ‘Addressing Base Erosion and Profit Shifting’ in February 2013, outlining a project they had begun working on. This project stemmed from numerous discrepancies worldwide, the largest being political, countries wondered if these international corporations pay their part of taxes on profit. The estimated ‘gap’ by OECD is between 4-10% of global corporate income tax revenues (OECD 2016). BEPS, by definition, refers to the strategies that international corporations use to avoid taxes across the world. This is not to be confused with tax evasion, BEPS refers to the legal ways which are being taken advantage of. BEPS can be achieved through exploitation of loopholes in tax laws that allow for companies to move profits to low tax areas using various tax instruments. Since the BEPS project was unveiled G-20 has joined OECD to back the entirety of the project. With G-20 sponsoring

Macroeconomic is a study of an economy in an aggregate. Macro economy defines economic changes that affect household, companies and market. Macro economy can be used to analyze the things that influence policy goals such as economic growth, price stability, employment and the achievement of sustainable balance sheet.

Economic development is a new concept that came about in the early twentieth century. Although, theorists argue that Karl Marx has alluded to the concept earlier in 1887 . Historically, the increasing importance of the concept can be traced back to the needs approach of the ILO , World Bank and Amartya Sen’s Capability approach (Sen, 1993). Gerald Meier defines economic development as ‘the process whereby the real per capita income of a country increases over a long period of time - subject to the stipulation that the number below an absolute poverty line does not increase and that the distribution of income does not become more unequal’. Wherein, there is evidently a strong relationship between economic growth and development. This essay analysis the concept of the two terms economic growth and economic development by examining their characteristic approaches. In turn, understanding the relationship between them.

There is a difference between the development in a country and the development of a country.

Economic growth and development of a economy is demonstrated to have links with educational level of its labour forces in human capital theories (Uzawa 1965; lucas 1988). These theories have contended that a major source of growth and development is embodied skills and development, and advances in technological production. Subsequently, wealth accumulation and its progress is determined by quantum of the human capital which is primarily acquired from formal education systems especially, higher education. Higher education plays an important role in the accumulation of human capital among the labour forces (Lucas 1988). More educated labour force is more skilled, more adaptable to the needs of changing economy and mare likely to develop the imaginative ideas, techniques and products. Any Structural change in the higher education sector is likely to affect the process of human capital formation. Many countries around a world are witnessing a wave of commercialization of higher education. The commercialization has brought structural change in the way this sector is administered in general and also the labour market associated with this sector, called academic labour market. The process of commercialization has segmented the academic labour market into primary and secondary labour markets. The secondary market is largely an informal labor market in which private interest is the prime driver. The magnitude of secondary market has been expanding with the expansion of