Economic miracles: Valuable economic lessons for developing nations

Economic Development and the Environmental Issues in the Developing Nations

Economic development for any country is very important in order to provide its population a comfortable standard of living. World Annual Gross Domestic Product is around $ 18 trillion and eco system services provide $ 33 trillion. Therefore, nature gives us benefits free of cost equal to triple than economic values. [1]. Man’s evolution has seen many phases of development in which the nature wa...

Tax Policy and Economic Growth in the Developing and Developed Nations

Fiscal policy is a policy that tries to achieve certain economic goals through instruments such as changes in government expenditure and taxation. The financial policy uses two instruments of government revenue (tax) and government spending (spending) to influence the economy. And in the economic literature, they consider economic growth to be equal to GDP. The impact of financial policies on e...

United Nations Economic Commission for Europe

United Nations Economic Commission for Europe

This Report consists principally of recommendations and guidelines. It acknowledges the threat to the benefits of a liberal global regime for international capital flows posed by their instability. Concern is expressed as to risks to stability linked to reliance on short-term borrowing from banks, the interaction between different financial risks, and faultlines in global financial markets resu...

The economic calculation debate: lessons for socialists

This paper summarises the standard account of the economic calculation debate, the modern Austrian reinterpretation of the debate based on the centrality of tacit knowledge and discovery, and a neglected third strand in the historical debate, Dobb's insistence on the uncertainty associated with atomistic decision making and the need for ex ante planning. It then draws some lessons for socialist...