False. It's better in the West than in the East.
Trends in national economic development reflect changes occurring at the state and local levels and can impact local economic development planning.
Is a state of human development that is marked by advanced levels of social,economic and political organasation
This is set out in government's Economic Programme of Action, where Industrial Development Zones (IDZs) are created in order to encourage increased levels.
Peter Doyle has written: 'Real convergence to EU income levels' -- subject(s): Economic conditions, Economic development, Income
Levels of development refer to different stages of economic and social progress in a society, typically categorized based on income, industrialization, technological advancement, and human development indicators like healthcare and education. These levels help to understand the overall well-being and quality of life in a particular country or region.
Periods of prosperity and decline are often referred to as economic cycles or business cycles. These cycles typically include phases such as expansion, peak, contraction, and trough, reflecting the fluctuations in economic activity over time. Each phase represents varying levels of growth and recession in an economy.
Economic development focuses on increasing the standard of living and economic output of a country, usually measured by factors like GDP and income levels. Social development, on the other hand, is about improving the well-being and quality of life of individuals, encompassing factors like education, healthcare, and social protection. Both economic and social development are interconnected and important for overall societal progress and advancement.
Heinrich Liepmann has written: 'Tariff levels and the economic unity of Europe' -- subject(s): Commercial policy, Commerical policy, Commericalpolicy, Economic conditions, Tariff
Economic development is measured by looking at various indicators such as GDP growth, employment rates, income levels, poverty rates, and infrastructure development. These indicators help assess the progress of a country's economy and overall well-being of its citizens.
There is no general answer to that. Autocratically ruled China saw fantastic economic development in the last 30 years; autocratically ruled Zimbabwe in the same period was brought from reasonably prosperous to dirt poor by its Government. The progress of economic development has more to to with things like a people's entrepreneurial spirit, a Government's focus on and choices in economic development, levels of corruption in a country etcetera.
Some examples of MEDC (more economically developed countries) include the United States, Canada, Japan, and countries in Western Europe like Germany, France, and the United Kingdom. These countries generally have high levels of economic development, infrastructure, and industrialization.
Economists have identified regions of the world called core regions of economic development. The core regions are North America, Europe and Japan. China is not currently listed because it does not have the model as described below: The core regions have these characteristics; they have economic diversification; * The nations have a high standard of living; * They are leaders in technology;and * Productivity levels are high.