Developing economies: definitions, theories and issues

Article Abstract:

The Human Development Index, which looks at life expectancy, standards of living and literacy rates, and the Human Poverty Index give a clearer picture of the level of development in developing countries rather than comparing GNP between the developing and the developed nations. It is necessary for countries to experience economic growth to improve their standard of living. Most economic theorists point to the need for investment and saving to stimulate the economy. The developing nations require investment from foreign nations as they are unable to use domestic savings.

Analysis, Developing countries, Economic development, International relations, Industrialized countries, Industrial nations, Macroeconomics, Microeconomics

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Professionals stay put as economies wilt

Article Abstract:

The Southeast Asian currency crisis has also directly affected employment turnover in firms across the region. Analysts believe that the perceived economic instability and volatile business climate is causing employee job shifting to decline. Employment trends countries such as Indonesia, Malaysia, and the Philippines are also expected to be affected. Hong Kong turnover rates, which averages some 25% annually and declined to 18% in 1996, is expected to decrease further in 1997.

Employment, Finance Employment, Economic aspects, Career changes, Southeast Asia, Employee turnover

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Poverty: definitions, causes and suggested remedies

Article Abstract:

Poverty is now becoming an increasingly important social and political issue in the UK. Recent research has sought to define the term, drawing a distinction between absolute and relative poverty, and has also looked at the causes and extent of poverty. Possible measures to reduce poverty include the introduction of a national minimum wage, increasing child care provision and increasing employment opportunities.

Research, Poverty

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