University of London Determinants of Economics Growth in China Essay

Question Description

I’m working on a economics question and need guidance to help me learn.

What have been the most important determinants of economic growth in [your chosen country] over the past 10 years?
Introduction
Thesis: for example: “This essay will argue that the most important determinants of economic growth in ……………. are ………………… and …………………
Definitions of short term and long term economic growth:
What targets have the government had for economic growth over the last 10 years?
What has actually happened to economic growth over that period?
How does growth compare to similar/neighbouring countries
What does the economic growth look like:
Steady or inconsistent

Rapid or slow

Focussed in particular geographic areas or spread across the country

Which components of AD have risen the most/the least?
Main Body
What have been the causes of economic growth?
Cyclical fluctuations
Changes in the factors of production (land, labour, capital, enterprise)

Changes in the productivity of factors e.g. through better technology or education

Changes in government policy
Political change or instability
Natural disasters or other supply shocks
Volatility in world prices

Changes in the exchange rate
Questions for analysis and evaluation:
Which drivers of growth have been the most important in different regions/industries?

What has driven short term growth?

What factors have been most important in driving long term growth?

Explanation & Answer:
1 Page

Tags:
China

Public Sector

Economics Growth

Socialist Market Economy

historical state

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