Solow Growth Model – Prosperity Without Growth | Robert Merton Solow

Solow Growth Model

Solow Growth Model | Prosperity Without Growth | Robert Merton Solow |Solow model Macroeconomics | Importance of Solow growth model | Solow growth model steady-state | Implication of the Solow Growth Model| Solow Growth Model Graph Solow Model One of the famous Nobel Prize-winning neo-classical economists, “Robert Merton Solow” developed the long term economic growth … Read more

History of National Debt of United States | Consequences & Impact on Economic Growth

National Debt of United States

History of National Debt of United States | Consequences & Impact on Economic Growth |George Walker Bush and Barack Obama’s Presidency | Managerial Economics History of National Debt Structure of United States  National Debt of the United States can be referred to as the monetary amount that the federal government owes to the creditor. The … Read more

Chasing the Dragon – Why Chinese Economy expanded rapidly compared to Indian Economy? | Elephant Chasing Dragon

Chasing the Dragon

Chasing the Dragon 

Chasing the Dragon

This is one of the most popular and widely used slang phrases which was originated from Hong Kong. It is widely used by the economist of various countries to explain the country’s economic condition. Relating the phrase with the Indian Economy and the Chinese Economy, we can say that the Elephant is Chasing the Dragon. Although the economy of India is growing slowly just as the speed of Elephant does not mean that the country’s growth is unsatisfactory. China’s economy is flying like a Dragon as compared to the Indian economy because of its massive investment in infrastructural development as well as because of the authoritarian political ideology followed by the Chinese government.

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