Is IPP the right model? Dec 15, 2008
It is, of course, a well-known phenomenon that human capital can be more important than the other factors of production in the expansion of per capita income. This is clearly observed in economies such as Singapore, Hong Kong and Japan. (The Star Online, Malaysia -- Business)
Malawi: Trying to Alleviate the Burden of the Old Nov 12, 2008
"I think the Social Protection Policy, which is still in draft form, is bound to protect elderly persons in Malawi. This policy is designed to ensure that the most vulnerable people, with limited factors of production, are sufficiently cushioned. This raises the hope for improved standards of living for elderly people in Malawi, particularly those who have no pensions or anyone to look after them," Mwakasungura said. Grants for the poorest households. (allAfrica.com)
Henry hints at taxation changes Nov 12, 2008
He pointed to land tax as one with fewer side effects because it fell on immobile factors of production. The key theme of his speech was a call to simplify the tax and welfare system. (Sydney Morning Herald -- Business)
Rise of the machines Oct 21, 2008
As George Dyson (son of quantum physicist Freeman Dyson) wrote in Edge last week: "The problem starts, as the current crisis demonstrates, when unregulated replication is applied to money itself. Highly complex computer-generated financial instruments (known as derivatives) are being produced, not from natural factors of production or other goods, but purely from other financial instruments.". What is also becoming clear is that the financial markets are far more automated than ever before. (Sydney Morning Herald -- Technology)
Rwanda: Global Central Bank Governors Convene in Washington Oct 20, 2008
"This means that revenue from exports cannot be sufficient enough to pay for imports. This is a bad situation especially for developing countries like Rwanda that mostly rely on imports for most factors of production in the economy," he said. He added that the crisis could also have wider implications on the flow of aid from developed countries to developing ones which crucially need donor assistance in their development programmes. (allAfrica.com)
Machines of mass destruction Oct 13, 2008
Highly complex computer-generated financial instruments (known as derivatives) are being produced, not from natural factors of production or other goods, but purely from other financial instruments. " Only computers can understand and derive a correlation structure from observed collateralized debt obligation tranche spreads. Which leads us to the next question: Just how much of the world's financial stability now lies in the "hands" of computerized trading algorithms? 1 | > Latest News Stephan... (International Herald Tribune -- Ed/Op)
Africa: Trade Liberalisation Undermining Continent Sep 17, 2008
To reap the benefits of globalisation, the report recommended the need for Africa to prioritise its productivity, competitiveness, market access, and access to factors of production in agriculture and manufacturing, if the continent wants to make progress. AllAfrica aggregates and indexes content from over , plus more than , who are responsible for their own reporting and views. (allAfrica.com)
Africa's export performance marks time Sep 17, 2008
It also called for the need to prioritise issues such a productivity, competitiveness, market access and access to factors of production in agriculture and manufacturing to enable the continent to make some headway. Commenting on the report, the Third World Network, an advocacy group, said it represented a balance sheet of the export-led growth that African countries had pursued at the expense of domestic producers. (Ghana Web, Ghana)
WB Chief Economist: Developing countries must invest in education Aug 31, 2008
Prof Lin, who is also the Founding Director of the China Centre for Economic Research at Peking University, identified abundant low cost factors of production, large domestic market, an industrial cluster and competitive market as determinants of competitive advantage. "It is helpful to have large domestic market. However, if an economy's industries are consistent with its comparative advantage, their products can have global markets. Therefore, large domestic market is not a necessary... (Ghana Web, Ghana)
Against The Sale Of GT Aug 4, 2008
He explained that a country cannot be said to be truly independent when its economy, along with other factors of production are not in its hands. This phase of independence he was seeking on behalf, and with the help of his people, was the struggle against neo-colonialism. (Ghana Web, Ghana)
Breaking dollar's hegemony Jul 30, 2008
However, in today's globalized trade when factors of production such as capital, credit, technology, management, information, branding, distribution and sales are mobile across national borders and can generate profit much greater than manufacturing, the theory of comparative advantage has a hard time holding up against measurable data. Under dollar hegemony, exporting nations compete in the global market to capture needed dollars to service dollar-denominated foreign capital and debt, to pay... (Asia Times Online)
Mythili Bhusnurmath: Under-utilisation Jul 30, 2008
Ironically, firms reporting more problems with corruption seem to be the more productive firms in their state and also exhibit relatively high underutilisation of both factors of production ... Finally, states in which a disproportionate number of firms received loans are found to be the states with less underutilisation of both factors of production, particularly of capital. (India Times)
Stemming the flow from poor to rich in China Jul 21, 2008
Welcome to The Sydney Morning Herald. Skip directly to: Search Box, , , Text Version. (Sydney Morning Herald -- Business)
Jaideep Mishra: The tech divide Jul 15, 2008
Now the relative efficiency with which a given economy produces goods and services using the different factors of production is called total factor productivity (TFP). Also, TFP is commonly seen as a measure of the technology of production and its rate of growth as an indicator of technical progress. (India Times)
Does your organisation have it? Jun 17, 2008
Developing nations will use knowledge to leap-frog developed countries that are stuck with the old factors of production. Developed nations will use their declared lead in information technology to widen the gap between themselves and the late-adopters. (The Star Online, Malaysia -- Technology)
'Food prices a time bomb' Jun 6, 2008
"That kind of demand is unsustainable because we are dependent on factors of production like soil and climate, over which we have no control. "Governments must be involved in communication on demand management, failing which I think the wealthy are going to take everything leaving the poor destitute. " Sapa Digg | | | | | | Copyright 2002-2008 iafrica.com, a division of Primedia Online* - a Primedia company Reproduction without permission is prohibited. All rights reserved.. (iAfrica.com)
Wake up Ghanaians youth May 24, 2008
As a result of this our nation stands to suffer since manpower/human development is one of the most significant factors of production. The aftermath of this policy fiasco is a complete topic by itself and I need not touch it. (Ghana Web, Ghana)
* The rise of the BRICs Apr 20, 2008
In a small-state setting, imposition of a dense network of controls is likely to lead to the loss of mobile factors of production, while in a large state it is harder for labor or capital to escape. On the international stage, large states try to make international rules and often build their domestic legitimacy on their claims to be able to shape a larger world: They think in terms of what French thinkers call harnessing globalization. (Taipei Times, Taiwan -- World)
Markets' weak spotis bad ad vice Mar 28, 2008
In a perfectly competitive market, with full information, models of the market show that all the factors of production receive rewards equal to their marginal products, ie, all are paid what they are worth. The full competition and information requirements ensure that all contracts are uncoerced (there is no monopoly power) and all expectations are fulfilled, ie, people get what they want. (Asia Times Online)
Flight, pain mark latestChina revolution Mar 28, 2008
"The prices of all factors of production will increase for a long time to come," said Sang Baichuan, a professor at the Foreign Economic and Trade University. He added that cheap labor and land prices hindered the upgrading of industries. (Asia Times Online)
Economic upgrading must not be delayed Mar 26, 2008
The gap is also partly filled by the "dividends" from undervalued factors of production, like low wages, extensive resource consumption and heavy pollution. Furthermore, it should be noted that nearly 60 percent of China's exports are produced by foreign-invested ventures, and about half of China's exports are achieved by the assembling and processing trade. (Xinhuanet, China)
Small business at its roots Mar 6, 2008
In modern neoclassical economics, especially in macroeconomics, it refers to the contribution of the factors of production, i.e., land, labor, and capital goods, to raising the value of a product and corresponds to the incomes received by the owners of these factors. Using the value added concept, producers and self-marketers of produce and other food-related goods can build respectable profits into their merchandise with a lot of research and creative thinking. (Park Hills Daily Journal, MO)
Inspiration Software Honors 25 Educators With Scholarships for Best Projects Using Visual Learning Feb 25, 2008
Her students created diagrams to demonstrate their learning and summarize major economic factors of production, types of industries and economies. Taking advantage of Inspiration's hyperlinking capabilities, the students' webs linked to information about events affecting current economic conditions as well as definitions and examples of terms. (Yahoo News -- Press Releases)
Shrink to fit Feb 11, 2008
We are going to have to get much more density just to make development projects pencil out, given the higher costs of all factors of production, particularly costs of materials and labor, he said. Small units sell for less money. (San Diego Union-Tribune)
Exploitation underpins China's success story Jan 6, 2008
"Apart from the traditional advantages of low wages and welfare, China artificially lowers the prices of the four prime factors of production (human capital, land, financial and non-renewable resources) with its 'advantage' in 'low human rights'. By means of not allowing negotiation on price, it restricts, not to say abolishes, the bargaining power of many of its disadvantaged so as to 'reduce transaction costs'. "And by rejection of democracy, suppression of participation, negation of ideas,... (Sydney Morning Herald -- Business)
Chicago Journals announces inaugural issue of the Journal of Human Capital Dec 20, 2007
Human capital theory has its roots in the fifties, when early applications of the neo-classical growth model revealed that the two classical factors of production, physical capital and labor were no longer sufficient to explain output level and growth. Economists such as Ted Schultz and Jacob Mincer, and later Gary Becker, concluded that the knowledge, education, and skill sets of the workforcehuman capital--were the missing category. (EurekAlert! -- Business News)
"Plan of Revitalizing Northeast China" released Dec 19, 2007
Efforts should be made to establish regional coordination and interactive mechanisms, remove administrative barriers, and promote fast flow of resources and factors of production ... We must establish effective incentive mechanisms, such as making technologies, management as factors of production that could be considered in distribution. (Xinhuanet, China)
How to Plunder a Nation! Nov 5, 2007
However, governments some times employ force to exact tolls and taxes from these operators who were originally disenfranchised from formalising their businesses, not to mention the high cost of capital and other pricey factors of production. Eventually, as indigenous businesses get overwhelmed by local barriers, they resort to importation of cheaper products in order to survive. (Ghana Web, Ghana)
Bravado defies a few inconvenient truths Oct 17, 2007
He has recast economics as a matter of national attitude rather than a matter of the factors of production. In a soaring Reaganite assertion of the power of conviction over the constraints of the concrete, he told the Herald yesterday: "We have to get out of our systems this idea that we can't be successful for a long period of time. We must throw off this cultural inhibition. "Why do we worry all the time that we can't succeed. (Sydney Morning Herald -- Australia)
Volta Region leading in devt projects Sep 11, 2007
Togbe Fiti assured investors of land, raw materials and other favourable factors of production for the establishment of factories in the region. Togbe Mawufe Fugah, chief of the Ewe community in the Ashanti Region, thanked the Minister and his entourage for their visit. (Ghana Web, Ghana)
Southern Africa:SADC Re-Admits Seychelles Aug 20, 2007
"You may wish to know, we have established the SADC HIV/AIDS fund. Towards this fund, a total of US$526,427 has been received from six member States that have remitted their pledges."One was yet to remit its pledge while the remaining seven are still to pledge and remit their contributions," he said.In view of the available resource envelop from member States, a prioritisation and planning workshop was held from August 6-8, 2007 to focus on targeting resources to critical programmes so as to... (allAfrica.com)
Fighting Global Warming the Liberal Way Jul 21, 2007
Therefore, tax cuts increase the demand for, and the supply of, factors of production. In dynamic formulations, as tax rates fall, output growth increases and vice versa. (Townhall.com)
Long-Term Fiscal Sustainability: Recent Advances and Future Challenges, Opening Address by Murilo Portugal, Deputy Managing Director, IMF Jul 11, 2007
But there is equally little doubt that globalization is likely to have a substantial effect on countries' ability to sustain tax revenues, given the difficulties in maintaining high tax rates on mobile factors of production ... Expenditure pressures on various fronts are likely to coincide with adverse dynamics in revenues as the ability to tax mobile factors of production weakens, while economic growth is likely to slow as labor forces decline in size and productivity growth may level off. (IMF News)
Nigeria: Growing Concern at Global Warming [interview] Jul 1, 2007
They control the factors of production and would not want anything to affect their industrial base. Well if they have been thinking like that, it justifies what I said that I believe it's because they don't have a clear understanding of the issues. (allAfrica.com)
Can The Crude Oil Save Ghana? Jun 26, 2007
Since technology and knowledge are the key factors of production we cannot be idle on this aspect and hope that Ghana can progress only through lifting oil. It has now been established that the widening gulf between the rich North and poor South is as a results of technological divide. (Ghana Web, Ghana)
MPAC Industries Corporation: Plant Equipment Tested & New Plant Site Located Jun 21, 2007
With testing of the Company's equipment completed, it is anticipated that the commencement of commercial processing of coal at the Soma mine should begin in the third (3rd) quarter 2007, subject to the availability of the various factors of production that are necessary to bring this project to fruition. This news release contains forward-looking statements, which are based on MPAC Industries' current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be... (CCNMatthews Press Releases)
Jaideep Mishra Jun 4, 2007
The empirical evidence is that raising the share of output by providing for more plant and machinery and other factors of production and so allocating more savings and investment can bring about higher growth, but it is not possible to do so in the long run scans innovation. But what is it that determines innovation in the first place. (India Times)
* `Asian values' redux and saving capitalism Jun 4, 2007
Periods of globalization have been eras of considerable economic advance; but they have also increased inequality within particular countries, as markets rewarded scarce factors of production, thus fueling powerful political backlashes that endangered the continuation of trade and financial integration. The debate about the contribution of religious values is parallel to the debate over the relationship of freedom to economic development -- a central issue in the work of the Nobel laureate... (Taipei Times, Taiwan -- Business)
Economy's booming, why is Howard behind? May 17, 2007
The Howard Govt has concentrated on us being mere factors of production. We are more than that, and while it is important, there is a lot more to quality of life than a well-travelling economy. (Sydney Morning Herald -- Australia)
Assessing Boediono's democracy and policies Mar 12, 2007
Meanwhile,market" refers to the theory of exchange or trade, including trade in the factors of production. The theoretical outcome of the free market of inputs in production is a something called "technical Pareto efficiency": A certain input allocation for production in which the output of one good cannot be increased any more without reducing the output of another. Here, the firms combine inputs to produce a given output as inexpensively as possible.. My take here is that democracy is good and... (Jakarta Post, Indonesia -- Editorial)
Revere CEO says new tax system would aid U.S. manufacturers Mar 4, 2007
For tax purposes, value is added whenever the value of a product increases as a result of the application of a company's factors of production, such as labor and equipment. VATs must be paid by every company that handles a product during its transition from raw materials to finished goods. (The Standard-Times, MA)
Public Information Notice:IMF Executive Board Concludes 2006 Article IV Consultation with the Republic of San Marino Mar 3, 2007
Directors also drew attention to the fiscal policy challenges arising from an ageing population, mobile factors of production, generous entitlements, and the need to keep tax rates competitive to attract and retain investment. In light of ageing-related spending pressures over the medium term, Directors encouraged the authorities to take measures to stop the further reduction in the budget surplus expected over 2007-09. (IMF News)
* Europe squares up to its east, west challenge Mar 2, 2007
However, if exports increase, the factors of production -- namely capital, qualified workers and unskilled workers -- must be diverted from other sectors of the economy, and this leads to a loss of jobs there. Since export goods are considerably more capital and knowledge-intensive in their production than other goods, the structural change will even reduce the net demand for unskilled labor: capital and talents that move away from the other sectors will not take all the unskilled workers with... (Taipei Times, Taiwan -- World)
Kenya: Insecurity Threatens to Reverse Country's Economic Gains Feb 20, 2007
With other factors of production like energy and cost of raw materials also climbing high, it's becoming even more difficult for Kenyan exports - an important engine not only for growth, but also technology transfer, to continue competing internationally. Page 1 of 2. (allAfrica.com)
China smiles at Africa with two faces Jan 13, 2007
Its leaders have to burn much midnight oil - quite literally - to develop strategies that will keep the price of labor and other factors of production from rising too high, because more so than anything, it is its low-cost environment that has made it, according to many credible estimates, the manufacturer of one-third the world's goods and poised to surpass, by 2050, the combined production volume of the entire Western Hemisphere. Clearly, China needs its commodities. (Asia Times Online)
Low Income Family Monthly Budget Rises to $351 to $631 Jan 11, 2007
She said increases should be based on factors of production. CCZ said the expeditious setting-up of the National Incomes and Pricing Commission remained critical to addressing the plight of the majority of consumers. (allAfrica.com)
More secure, but all the poorer Jan 9, 2007
They spend a lot of time thinking about what they call productivity - how much goods and services are produced for each unit of labour and capital (and sometimes other factors of production such as technology as well) applied to producing them. That's because, as the Harvard competitiveness guru Michael Porter put it in The Competitive Advantage of Nations, "productivity is the prime determinant in the long run of a nation's standard of living". (Sydney Morning Herald -- Opinion)
Treasury, RBA clash on policy Jan 1, 2007
"A continuation of a robust expansion will, it seems, be increasingly dependent on enhancing the supply side: growing the capital stock, more effectively matching the supply of, and demand for, both skilled and unskilled labour and innovation to lift the productivity of all the factors of production.". It led three months later to an interest rate rise, with the then governor, Ian Macfarlane, declaring: "It has become increasingly clear that remaining spare capacity in the labour and goods... (The Australian)
