Economic Growth Rate
An economic growth rate is a measure of economic growth from one period to another using percentage terms. This measure does not adjust for inflation; it is expressed in nominal…
Economic Conditions
Economic conditions refer to the present state of the economy in a country or region. The conditions change over time along with the economic and business cycles, as an economy…
Economic growth
Economic growth is an increase in the capacity of an economy to produce goods and services, compared from one period of time to another. It can be measured in nominal…
What is ‘Foreign Investment’
Foreign investment involves capital flows from one country to another, granting extensive ownership stakes in domestic companies and assets. Foreign investment denotes that foreigners have an active role in management…
Balance Of Trade – BOT
The balance of trade is the difference between the value of a country's imports and exports for a given period. The balance of trade is the largest component of a…
What Is the Difference Between Mercantilism and Imperialism?
Whereas mercantilism is an economic system in which a country's government manipulates the economy to create a favorable trade balance, imperialism is both a political and economic system in which…
What is ‘Mercantilism’
Mercantilism was the main economic system of trade utilized from the 16th to 18th century. Mercantilist theorists believed that the amount of wealth in the world was static. Thus, European…
What is ‘Development Economics’?
Development economics is a branch of economics that focuses on improving fiscal, economic and social conditions in developing countries. Development economics considers factors such as health, education, working conditions, domestic…
Measuring the welfare effects of AI and automation
Growing adoption of the new generation of technologies such as smart automation and artificial intelligence (AI) has prompted contrasting views of their effect on society. On the one hand, technology…
Beyond Unemployment
In modern economies, people may have jobs, but they still harbor major concerns in a wide range of areas, including security, health and work-life balance, income and distribution, training, mobility,…
