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How Education Influences Developing Countries Economic Growth: (Development)

How Education Influences Developing Countries Economic Growth: (Development)


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About the Book

Complementary reforms, such as liberalizing trade of fiscal reforms by promoting savings, stimulating investment and not lacking productivity gains, policy uncertainty and high levels of public debt large fiscal deficits reduce aggregate savings in the economy and may lead to inflation, high interest rates and balance of payments pressures, with negative growth consequences. Policymakers need to concern the durability and equity. For example, Netherland, an expenditure cut of 15% of GDP between 1982 year and 2000 year created room sector job-creation. At the same time, both countries managed to avert adverse consequence on income inequality. In advanced and emerging market economies, age related spending on public persons and health care accounts for a large share of government spending (40% and 30%, respectively, IMF, 2014 f). Otherwise, Poland shifted from a financially defined benefit system to an actuarially solvent defined contribution system, and Germany put its pension system on a more sound financial by linking pension benefits to the old age dependency ratio, tightening access to early retirement and rising the statutory retirement age. In health care, Germany and the Netherlands introduced a combination of macro and micro level reforms to contain cost and enhance efficiency, including price controls on pharmaceuticals, higher co-payment and contributions and budget.


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Product Details
  • ISBN-13: 9798621308018
  • Publisher: Independently Published
  • Publisher Imprint: Independently Published
  • Height: 254 mm
  • No of Pages: 98
  • Series Title: Development
  • Weight: 340 gr
  • ISBN-10: 8621308010
  • Publisher Date: 04 Mar 2020
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Spine Width: 6 mm
  • Width: 203 mm


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