TOPIC: FOR GRADE 9B
The most effective policies to achieve higher level of economic development is increase in a country’s exports.
The most effective policies to achieve higher level of economic development is increase in a country’s exports.
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May 6 to May 12 , 2013
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Economic development tries to promote standard of living and the economy health. This could be done in various way. Government encourages economic development to increase the standard of living of its resident. With positive economic development, the country’s residents are able to live in prosperity and living above the poverty line which is our main major problem in the economy. Government try to solve this problem with distinct amount of solutions yet this problem is still going on. Focusing on a country’s export to achieve higher economic development is not quite effective. We cannot just focus on encouraging export without paying attention to other important factor such as education.
ReplyDeleteGovernment should focus on building critical infrastructure such as better roads and transportation for transport needs. This could help shipping to run as planned without having any interference during the process of shipping. Helping to improve the standard of living as well because they now have paved roads instead of dirt roads, they can enjoy cleaner roads which improve cleanliness of the country itself. Aside from important infrastructure, government can allocate their investment to improve local education. As we know education is by far a very important aspect in our live because without education, we cannot do anything. We can only be stuck to the condition we are living and are incapable of creating innovation because they have no such education to back them up. Problem is that many people are unable to read, illiteracy rate is high and they cannot study. In this case government are able to provide necessary facilities to educate their people. This can help them to increase standard of living as they are now know what they are doing after they are being educated well and can help to reduce the level of crime as people earn money after educating from the school by working for firms. Possibly they are going to export skilled worker to foreign country. With education, it can control the population growth as the result of family choosing to have less children or no children due to being a career oriented person.
On the other hand, this process could rise up some difficulty. While government are allocating the money for infrastructure, education and other, it can lead to corruption when money is being passed on down below. It therefore can disrupt the whole system or even messing it up completely. For example, if the money is actually intended to purchase a high quality of asphalt. They change the asphalt to a cheaper version of it and can cause trouble into a long term and the money is being wasted by going to their pockets instead of going to the public. As for education system, the government must take extra precaution when hiring teachers and staff for the building as well as the building of the school. This can take lives when the building is poor built and collapses. They must find a way to motivate the teacher to teach to the less capable and encourage them to find solutions in teaching them.
Focusing in infrastructure and education is therefore more effective than only to an increase of export in a country. With all needed infrastructure and well educated people, they can innovate and produce something useful for the economy which in the result of export. Problem with increasing export only is that there is going to be a large gap between the rich and the poor, with education, this can help to fix the imbalance of wealth. - Ferdin
Economic development is a development which promotes the living standard and economics in a country. Changes in qualitative and quantitative can be refers to economic development. High level of economic development will increase the living standard and economics in a country. Governments think that the most effective policies to achieve higher level of economic development are increase in country’s exports. Increasing country export will also increase the number of output and production which is economic growth. Government can make their policies to increase the economic development.
ReplyDeleteIncreasing in export will lead to meet government aims which are economic growth. Economic growth will increase income of country and create economic growth. Export needed to increase the number of exporter and reduce the unemployment. Many people will produce their goods and get money from other country, this will help the local people to have jobs and fulfill their needs and wants.
On the other hand government must not increasing high export government must develop their country with educated the local people so they can work. Because local people will get educated and increase the living standard so they also can increase economic to be developed. Export will give government more income but not help the living standard which is very important. If we increase the living standard it will increase the production so people will get money while exports only increase government money we don’t know the money use for. Build the infrastructure also help local people to get easy access of resources and sell their goods. Increasing export will not help the infrastructure it will make problems like traffic jam which happen in the road. Education is needed for local people so they can have good health and also increase their knowledge. While export not gives them education which is much needed and people will not know how to keep them healthy and how to be promoted.
Some disadvantages will also occur if we increase the infrastructure, education and health. People will not work hard because the countries economic already developed. Governments too much focus on the infrastructure, education, and health which will not help the export will reduce the export numbers and government will get less income. Unemployment can be increase if the country have free schools and free hospital , because no one need to pay for it so it will reduce the number of output and will not make economic development.
In conclusion that Government must not increase the export to meet economic development because it will not help the country to be developed. Country need to be developed so they can increase the living standard and the economic in a country. Increasing in health will keep the worker work every day with fit condition and increase the number of output and meet the government aims which are economic growth. While export will not help the country infrastructure and health, it will only increase the government income. Export will make inflation because the price of local products will expensive and it will increase the import create competition in the country. Government must build infrastructure and increase the living standard to achieve economic development which promote the loving standard and economies.
ReplyDeleteEconomic development is the increase in the standard of living in a country or a nations. This a action helps to promote country economic status. Government aim much from economic development because it's the only way that they can improve their economic fast. Economic development also took up market productivity and rise in GDP. So economic development is one of the aspect that promote economic growth.
Increasing country export will bring a good benefit to the country because it increase the country's income. Export will also bring profit for the citizen because they will have a chance to do a business such as making a souvenirs, clothes, food, etc. This will also reduce the amount of unemployment because many workers are needed in order to fulfil the demand of product from other country.
In the other hand government should not do that because it will make the country become worst. If government just concentrate in export, yes they will fulfil the demand of product but they will not fulfil the needs of citizen because what they think is just money, money, and money. When government to concentrate on export they will not think about the education of the country they just think on how to produce more worker. This will bring bad effect to the next following generation of the country because later on they become uneducated and easy to be lied by people. With education they can control the grown of population because now in some country they tend to have too many population. Also when the country's economy are down they cannot do something because they have learn how to face problem and how to deal with it.
Government should build a good infrastructure first before they took an action because if the citizen does not ready it ail not work as good as what they want. Actually when they build the infrastructure they will found the weakness of the country and they can transform it to a slightly better country which is profitable and smart, and also their country ail become a developed country. They should learn on how to maintain their citizen and how to do a good exporter.
In contrast don't make a very fast movement before the country are good/ready because it will effecting so much. Beside that government should also increase the living standard first if they want to improve fast.
Economic development refers to the welfare and the well-being of the inhabitants in an economy. The living standards, environmental health, education and many more. International trade refers to the trade of goods and services between countries all around the globe. It involves exports, goods and services sold, and imports, goods and services bought. In many ways, international trade has helped improve the development and growth in various countries. Some argue that international trade only brings more problems to delay economic development and some argue that international trade is the best way to help economic development and growth in a country. It all depends on the country itself.
ReplyDeleteExports bring in foreign currencies and reserves into a country. Currently, China has the biggest reserves and this reserve comes from the exports China produced since it is the largest manufacturing economy in the world. With the money China gets from its exports, developments in China has rapidly increase. These can be seen from the recent improvements such as their bullet trains, machines and army equipments. Education in China are improving rapidly as well, more and more international students came into China to study there. Their exports contributed highly to these developments, China export to almost every part of the globe and the income they receive are growing and growing each year. Compared to 5 to 10 years ago, when export isn’t that big of a deal in China, they have developed at an extremely steep rate. Living standards now and then are so different, from education, medical and technology terms. It is clear just how effective exports can help in economic development, just like how it has help the Chinese economy.
Countries with low exports tend to develop their economies slowly or not developing at all.
Low exports means that more goods are available to country itself, that is true. However, low exports may mean that the country’s currency’s demand may be low. If this continues, its currency may depreciate and as a result, imports became more expensive. And since no country is completely self-sufficient, they would have to pay more for the goods and services which the country cannot produce. Economic development would then be delayed or slowed down. The world as whole definitely has more demand power than a single country, low exports then means that the country is not meeting as many demands as it could. And it also means that the country is not earning as many as it should. The country is earning less and economic development is not as fast as it should as well.
Therefore, in conclusion, export is the most effective way to achieve higher level of economic development. The proof of its effectiveness is the Chinese economy, its steep rate of economic development ever since China’s export industry expanded. With low exports, the inward flow of money into a country would be slow and this would not support a country’s developments. Economic reserves, which governments all over the world depend on to fund economic developments may not grow as well, but run dry instead.
Economic development generally means the actions, including policies, taken to achieve higher standards of living and better economic health of a certain country. It also refers to both the qualitative and quantitative changes in an economy over a period of time caused by these actions. A country with an open economy is more likely to be involved in international activities such as international trade, which involves exporting and importing goods and services across nations. Exporting goods or services is basically selling products or raw materials to other countries around the world, to be consumed directly or be used in production processes.
ReplyDeleteExporting is an effective way if you are willing to raise your sales’ potential and also expand your profit. It is in fact relatively low-costly to get involved in international market and business. A firm that does exports is more likely to be able to get its products to be known and brought to a bigger consumer base. The same goes for a country. When a country decides to make its economy more open, the goods that were only available for domestic consumers can be enjoyed by international-based consumers, allowing in foreign currencies and higher level of competitiveness. Aside from that, a country that ventures into exporting business usually represents in the international market. This may need additional personnel and therefore lead to development.
The country Iraq has been developing economically for its rise in oil exports, at a rate of 2.6 million per day, and is about to become a global leader in oil export as soon as it is able to surpass its exporting rival, Iran. This case of rising export was said to bring Iraq up to the second place in the list of OPEC; that is one clear example of how exports benefit an economy very much. Not only that, exporting is also an excellent way to benefit from economies of scale, in which you can spread your costs over a large amount of income and reduce average unit costs. Moreover, with exports, an item life cycle can be made longer, as the variety of consumers be made larger.
However, doing the exporting of goods and services may create delays in payments; there is a bigger possibility that you might receive your revenue late. Also, sometimes it doesn’t cause an economy so much development if the ways in doing it are not right. For example, a country’s income significantly rises but it is not used well enough to support better living standards, or in some countries, they export their best raw materials which they find difficult to process and to be made satisfying especially for their own domestic customers. Those materials are then bought by highly industrialized countries and be processed into final products with a high percentage of added value, which can be sold back with much higher prices to the original exporting country.
To sum it up, exporting is indeed the best way to achieve development of a country. Once a country succeeds in its exporting activity, it will obtain a very high rate of growth and development, as long as the governments and policymakers keep making sure that the revenues gotten from their exports are definitely for the good sake of the economy and its people alone.
Economic development can be measured by HDI (it also the most accurate one due to Michael Todaro) which means it is the increasing of self-esteem need, living standard, and greater choice of good for consumers; "Economic development generally refers to the sustained, concerted actions of policymakers and communities that promote the standard of living and economic health of a specific area"-Wikipedia.org. While export is the domestic goods send abroad to satisfy the demand of foreign demand.
ReplyDeleteIncreasing export seems like not providing much changes in increasing the living standard because of there are some aspects that don't match into the meaning of economic growth it self. HDI is the most accurate measurement to increase economic growth which means if HDI increase it increase economic growth, and the meaning of HDI is the statistic of life expectancy, living standard, education, etc. Export might not satisfied HDI enough to boost economic development. In the other hand, increasing import might increase technology which will increase the education, living standard, life expectancy, etc, so it is not the export but import which might increase economic development more. Third, some country might not be able to compete with other developed country's exported goods. Some countries in SE Asia(developing) might not be able to compete with other countries that have done more export, example China. Countries that export-orientated are more trusted in some condition, it might survive but it will not aiming in what we wanted "economic development". That are why export might not increase economic growth.
It doesn't means that increasing export won't increase economic development. In some cases it might be able to increase economic growth. First, HDI is also means increase in income which can be connected because of foreign country need more it will make some goods sell more, and it might increase income of domestic producers, but increase in income might not be able to survive in developing country because of in developing countries like Indonesia we still need to pay for govt, we also have un-stable inflation, and others. Second, import sometimes might decease income and it will make HDI lower(in some cases import increase living standard, life expectancy, etc which also increase HDI). Third, countries has their own featured exports (Indonesian batik), they can use this to increase income by exporting(but apparently now days china dominating export, we can't do much about it and it might not give any big increase in economic growth.) this goods which also can be foreign people favorite goods,
In conclusion that, export is needed to satisfy foreign wants, but it might not be able to increase / boost economic growth much, as other policies. - Antony John Gerald
Economic development is the increase in the output, demand, and the welfare in a country. On the other hand, exports are commodities such as goods and services that is sold and transported to another country for any business purposes. Economic development is one of the aims that the government wants to achieve. According to many, exports are crucial to the economic development. And a theory that to achieve higher economic development can be achieved by increasing exports. I support to the statement.
ReplyDeleteIncreasing exports means increasing the number of products being produced in the country. It can also mean in the increase of the demand from outside the country. These increases have two meanings. The first one being the increase in the profit the country and the second being more companies being built. With an increase in the profit of the country, the government can have more revenue to spend on infrastructure of the country, bringing a higher standard of living. With an increase in companies being built, there will be more employment, and thus unemployment decreases.
Competitiveness shall increase in the market, and companies will be making products that will appeal to the costumers by any way, and so they make product that are more variable for costumers. As the supply of the product in the country is high, the prices will go lower as one of business strategies to make costumer pick the cheaper one, yet still being the highest quality of all. This is an advantage for poor people and people in general. The constant demands also decrease the possibility of the seasonal unemployment, as the products keep being produced non-stop. For that reason, the Product Life Cycle will be lengthened, as the trends in each country are different. However, this might cause the overusing of resources, making a big problem; scarce resources. All the companies take the resources and most companies now take resources without trying to find a way to replace it.
Increasing exports also can establish a new relationship with other countries. We can have a better trade relationship with each other, making it less risky when the domestic trade falls. We can still depend on foreign trade, just not too dependant. Also, with increasing exports, there’ll be less activities on illegal market, because more products are coming inside and outside of the country, as we also have to balance the imports and the exports. However by balancing the trade, we increase imports, which would mean in domestic companies competing with foreign countries’ products. In LEDCs like Indonesia, the foreign will always win and after that unemployment may happen because of closing companies.
In conclusion, increasing exports are very advantageous for the country itself, for the government, for the firms inside it, and the people living in it. Increasing exports brings more demand, less unemployment, more competitiveness, and better standard of living. However it’s not all they bring. They also bring disadvantages for us such as scarcity and pollution.
Economic development is the process where a country is advancing in standard of living and economic health, however the government always try to improve economic development in some countries such as Japan, the country have good standard of living and are great at handling diseases, as the government use the income to improve economic development, not for corruption. However the governement get the income of a country for an advance in economic development in many ways, it came from tax, trading, government industries. But it also comes from international trade, especially from exporting goods as the other country pay us for the goods we produce and exported, the country get more income, so that it can be used for economic development.
ReplyDeleteExporting is a common way in countries to get income, however the advantages of exporting goods is not just the income, it can strengthen bonds between countries as it force countries in helping each other. Example country Y cannot produce cotton while country X can but country Y have oil which country X don’t have so they trade to fulfill each other weaknesses. However exporting is good for ecnomic development, the standard of living may get better by sending people otuside from the country to get better living conditions and can work in other country. Example is Indonesia sending people outside so they can be maids in other country. Trading goods to foreign countries such as medicines and herbal plants may help the country’s economic development as it increases the quality of health inside the country so people can be more immune and can easily cured during sickness. It also can make unavailable medicines became available to be used in the country so that the people in the country can enjoy better healthcare by the government. This are the advantages of exporting goods in terms of economic development.
However, exporting goods are known also because of it’s disadvantages, the export sometimes provide the government with tempting income, so usually the government takes the money for private secretly which is illegal and considered as political crime in many countries. Usually the custom of international trade do this. This problem cause the economic development to stop as the purpose is to use the income of export for economic development. The income that suppose to be used for public is unavailable because of the government greediness for money, that’s why in some countries corruption is punishable to death. Another is that exports will not always satisfy what the country’s want as in some countries there is strict policies that limit or not allowing the goods to enter the country, however this problem may cause the country receive low income so exports sometime didn’t work as long as there is trade barriers.
In conclusion, the government need to do export to fulfill what the country needs so that the people in it can feel economic development done by the government efforts. However not just the income that make the country become developed the trade in country makes the economic develppment as the goods traded may be valuable and strategic to fulfill the country negativity.