Back to the Future? The Changing Role of Government in China's Economic Development

2018 ◽  
Author(s):  
Kang Chen
Keyword(s):  
Economic Development ◽  
Role Of Government ◽  
The Future ◽  
Changing Role

The Role of Oil and Gas in the Economic Development of the Global Economy

2018 ◽  
Author(s):  
Paul Stevens
Keyword(s):  
Economic Development ◽  
Global Economy ◽  
Oil And Gas ◽  
Primary Energy ◽  
Oil And Gas Producers ◽  
The Future ◽  
History Of ◽  
Factor Inputs ◽  
The Impact

This chapter is concerned with the role of oil and gas in the economic development of the global economy. It focuses on the context in which established and newer oil and gas producers in developing countries must frame their policies to optimize the benefits of such resources. It outlines a history of the issue over the last twenty-five years. It considers oil and gas as factor inputs, their role in global trade, the role of oil prices in the macroeconomy and the impact of the geopolitics of oil and gas. It then considers various conventional views of the future of oil and gas in the primary energy mix. Finally, it challenges the drivers behind these conventional views of the future with an emphasis on why they may prove to be different from what is expected and how this may change the context in which producers must frame their policy responses.

ROLE OF THE TOURIST SECTOR IN THE STRATEGY OF DIVERSIFICATION OF SOCIO-ECONOMIC DEVELOPMENT OF STAVROPOL KRAI

2020 ◽  
Vol 4 (10) ◽  
pp. 16-20
Author(s):  
A. N. KRIVENKO ◽  
Keyword(s):  
Economic Development ◽  
Tourism Industry ◽  
Strategic Direction ◽  
Socio Economic Development ◽  
The Future ◽  
Stavropol Krai

Tourism is considered a strategic direction for the economic development of the region. The role it plays in creating the image and reputation of the region also affects the fate of other sectors of the economy. The tourism industry is constantly growing and represents the main source of income now and in the future for many countries and territories with a tourism vocation.

Toward a dynamic capability theory of economic growth

2019 ◽  
Vol 29 (4) ◽  
pp. 1047-1065 ◽  
Author(s):  
David Sainsbury
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Value Added ◽  
The United States ◽  
Dynamic Capability ◽  
Alexander Hamilton ◽  
Role Of Government ◽  
Windows Of Opportunity ◽  
The Uk

Abstract New theories of economic growth that are policy-relevant and connect with the histories of success and failure in economic development are urgently needed. This article compares the neoclassical (or market efficiency) school of thought with the production-capability school of thought which included Alexander Hamilton, Friedrich List, and Joseph Schumpeter. Many affirmative, industrial policy steps by governments to promote economic development have been historically recorded—including in the UK and the United States. Meanwhile the neoclassical school has ignored the role of government in helping to create competitive advantage. It has also chosen to ignore how firms are formed, how technologies are acquired, and how industries emerge. The dynamic capability theory of economic growth developed here assigns the central role in economic growth to firms but also an important role to governments. The rate at which a country’s economy grows depends critically on whether its firms can build the capabilities to generate and take advantage of “windows of opportunity” that exist for innovation and new markets, and whether over time they are able to enhance their capabilities to move into higher value-added activities.1

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