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How can I use Rostow's stage theory to assess Nigeria's level of economic development?
I'm not terribly knowledgeable about conditions in Nigeria, so your mileage may vary from my response. Rostow's theory centers around society being able to save (and invest) efficiently enough to promote economic growth. In other words, the key resource/concept to look at here is capital.
If you're asking this question, I assume that you at least have rudimentary knowledge of the stages, so I won't waste anyone's time typing those out. Basically, answering your question requires you to look at savings and investment levels in Nigeria, (and to some extent, the diversity of the economy there). If the economy is not very diverse and they're not exporting much, it's likely that they will fall into stage two or three of the model. If savings and investment equal roughly 20% of GDP and/or the population doesn't appear to be living on subsistence incomes, they might be toward the latter part of stage three/early part of stage four.
What else can I help you with?
How is economic development measured and what are the key indicators used to assess its progress?
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.
What two macro-economic indicators would you recommend watching to assess the economy's condition over the next six months?
what two macro-economic indicators would you recommend watching to assess the economy condition over the next six months
How will you assess the present economic status of our country today short essay?
WikiAnswers will answer questions but will not write your essays for you.
What of the following best describes why economic indicators are useful?
Economic indicators are useful because they provide essential data that helps assess the health of an economy, guiding businesses, policymakers, and investors in decision-making. They offer insights into trends and potential future performance, enabling stakeholders to anticipate changes in the economic environment. By analyzing indicators such as GDP, unemployment rates, and inflation, one can gauge economic stability and growth prospects. Ultimately, these indicators help in formulating strategies and policies to foster economic development.
Who developed Human Development Index?
The Human Development Index (HDI) was developed by the United Nations Development Programme (UNDP) in 1990. It was introduced by the Pakistani economist Mahbub ul Haq and the Indian economist Amartya Sen to provide a broader measure of development beyond just economic indicators like GDP. The HDI incorporates factors such as life expectancy, education, and per capita income to assess the overall well-being and quality of life in different countries.
How is economic development measured and what are the key indicators used to assess its progress?
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.
Describe and assess the causes consequences and phases of America's economic development during the colonial period?
Hmm... steam technology perhaps?
What are indicators of development?
Indicators of development can include GDP per capita, life expectancy, literacy rates, access to healthcare and education, infrastructure development, and poverty rates. These indicators are used to assess the overall well-being and progress of a country in terms of economic, social, and human development.
What has the author Paul Anaejiounu written?
Paul Anaejiounu has written: 'An x-ray diffraction study to assess the potential economic and pharmaceutical uses for Nigerian clays (Science & development in Africa ; no. 1)'
How can Comte's theory be used to assess Nigeria's development?
Civil
Assess the contribution of gough whitlam to Australia's post war development?
no.
How can an x-ray be used to assess the development of a puppy's bones?
X-rays can be used to assess the development of a puppy's bones by capturing images that show the growth and alignment of the bones. This helps veterinarians to monitor bone development and detect any abnormalities or issues that may need attention.
What do you understand by social indicators of development?
Development depends on both social and economic factors.Accordingly development indicators are distinguished into social indicators and economic indicators.In recent times increasing importance are given to the social indicators of development.So discussion on social indicators of development are of recent origin. Now there is a universally accepted meaning of social indicators of development is accepted and that is clearly different from the economic indicators. everything that does not fall into the category of economy is taken as social. thus social indicators are residual category,i.e, not fall into the economic category. Social indicators of development includes health, education, housing, and employment etc. Of course, these indicators have some economic dimension. The factors responsible for overall improvement of Quality of Life are taken as social indicators. Social indicators are taken as a more wider and integrated area of social concern than that of economic indicators.
What two macro-economic indicators would you recommend watching to assess the economy's condition over the next six months?
what two macro-economic indicators would you recommend watching to assess the economy condition over the next six months
What does oraom stands for in child development?
Observe, record, assess, organize and mangage
What are the six main factors that can be used to assess the level of development?
The six main factors used to assess the level of development are economic indicators (such as GDP per capita), social indicators (including education and healthcare access), political stability and governance, infrastructure quality, environmental sustainability, and technological advancement. These factors collectively provide a comprehensive picture of a country's development status, reflecting both its current condition and potential for future growth. Evaluating these aspects helps in understanding the overall well-being of a population and the effectiveness of policies in place.
What are story retelling inventories generally used to assess?
listening comprehension, speaking, and vocabulary development
