Macroeconomics Assignment (Sample)
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Added on 2021-06-17
Macroeconomics Assignment (Sample)
Added on 2021-06-17
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Running head: MACROECONOMICS ASSIGNMENT Macroeconomic AssignmentName of the StudentName of the UniversityAuthor Note Total Word Count: 2000
MACROECONOMICS ASSIGNMENT1Table of ContentsIntroduction................................................................................................................................2Singapore: Economic Profile.....................................................................................................3Macroeconomic trends of Singapore over the years..................................................................3a) GDP growth rate of Singapore...........................................................................................3Reasons behind GDP dynamics in Singapore........................................................................6b) Inflation Rate in Singapore................................................................................................8Reasons behind inflation dynamics in Singapore..................................................................9c) Unemployment dynamics in Singapore.............................................................................9Reasons behind changes in unemployment rates in Singapore............................................10Recommendation and Conclusion............................................................................................10References................................................................................................................................12
MACROECONOMICS ASSIGNMENT2Introduction Over the years, the global economic patterns have changes and modifiedconsiderably, much of which can be attributed to the international events like Globalization,Industrial Revolution, Liberalizations, which have contributed in making the global economymore integrated, inclusive and multi-dimensional. Apart from these phenomena, the changesin the global economic patterns have also been facilitated by the technological as well asinfrastructural innovations (Arkolakis et al. 2013). Over the last few decades, several developing economies have shown immenselyimpressive performance in all of the economic growth indicators and have thus emerged asthe new future dominating economies in the global framework with immense potential andgrowing economic, commercial and industrial trends (Berendsen et al. 2013). Theseemerging economies primarily include several Asian countries, primarily including theeconomies of Hong Kong, South Korea, Taiwan and Singapore, together who are known asthe “Four Asian Tigers”. In this context, the economy of Singapore can be considered as one of thesignificantly growing economies, showing immense potential as one of the dominatingeconomies in the near future, much of which can be attributed to the robust governmentpolicy frameworks, the industrial development as well as the huge technological innovationswhich the country has experienced over the years (Palley 2012). Keeping this intoconsideration the report tries to analyse the dynamics of the economy of Singapore and theperformance of its macroeconomic indicators over the past twenty years, trying to understandthe reasons behind the dynamics in the concerned macroeconomic parameters. The reportalso tries to recommend several policies and strategies for further improvement of theconcerned country.
MACROECONOMICS ASSIGNMENT3Singapore: Economic Profile As discussed in the above section, Singapore is one of the predominantly developedeconomy in the contemporary global scenario. Being primarily a market economy, Singaporehas grown to be the most open economy in the world with an overall pro-business, pro-industrial environment and is popular for its very low level of corruption rates (Tremewan2016). The country ranks third across the globe in terms of Purchasing Power Adjusted per-capita GDP. The country is known for its pro-active and economic development enthusiastgovernment has also enjoyed the fruits of the presence of same. These economic prosperity and development of all the sectors of the country,however, did not happen abruptly and have been a constant and prolonged growth processwith considerable fluctuations and dynamics (both positive as well as negative) (Rodan2016). Macroeconomic trends of Singapore over the years This section of the report tries to analyse the dynamics and trends in the performanceof the significant macroeconomic indicators of Singapore, primarily those of the GDPgrowth, inflation and unemployment trends in the economy over the last two decades, whichare discussed in the following section. a) GDP growth rate of Singapore One of the primary indicators of economic growth and prosperity of any country at aparticular point of time is the Gross Domestic Product of the country at that point, which inturn is the sum total of the monetary value of all the commodities and services which areproduced within the geographical domain of the concerned country within a particular periodof time, usually one economic year (Mohamad 2015).
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