How Can Economic And Social Changes Affect A Country
Generally the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services. A basic rule of thumb is that the more a countrys citizens become wealthier the more they become engaged with politics.
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how can economic and social changes affect a country
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Specific natural resources are often exhausted or non existent and labour rates and material resources are too costly.
How can economic and social changes affect a country. A particular policy is always influenced by the specific economic and social situation in a given country and is effectuated under certain conditions and relations. Social change can evolve from a number of different sources including contact with other societies diffusion changes in the ecosystem which can cause the loss of natural resources or widespread disease technological change epitomized by the industrial revolution which created a new social group the urban proletariat and population growth and other demographic variables. This slow and uneven progress mandates us to rethink and retool our economic and social policies aimed at halving world poverty by 2015 the millennium development goals.
To measure country resources i used the vanhanen 1997 index of power resources for 1993. For the most part political change and economic change go hand in hand. In developed nations markets are becoming saturated.
This makes it better than a pure economic index for measuring the individual resources likely to affect later country affluence. This index includes measures of material and intellectual resources and the complexity of the occupational system. And in too many places having a job doesnt guarantee the ability to escape from poverty.
Conflicts of cultures from migrants can lead to civil wars. While the federal governments fiscal policy has the greatest impact on the national economy the decisions of local and state governments also can affect the business cycle. Executive and legislative branches often form fiscal policy based on how the economy affects their constituencies.
The video and text below look at the social economic and political effects of population in ledc and medc countries. Pressure on medical systems and schools. The economic growth of a country may get hampered due to a number of factors such as trade deficit and alterations in expenditures by governmental bodies.
Political economic and social risks of developing countries international trade barriers for most have long fallen. Roughly half the worlds population still lives on the equivalent of about us2 a day. Among the major issues currently arising in many developed countries as well as in economically developing countries is the question of the impact of economy as a key factor affecting behavior of individuals and of a society.
Ledcs pressure on land as more people move in.
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