Economic Globalization Worldwide Impacts for Unions, Wages & Employment
[ send me this paper ]
A 10 page paper that provides an overview of the impact of globalization on unions, wages and employments, especially in light of world-wide trade policies. Bibliography lists 7 sources.
Filename: Globalec.wps

Economic Growth and the Solow Growth Model
[ send me this paper ]
This is a 4 page paper discussing economic growth and the Solow growth model. Robert Solow’s growth model emphasizes all of the aspects of the importance of economic growth within a society. It includes components of the supply and resources of a nation which can expand opportunity for a country’s production. The supply component however is determined by its labor force growth rate and increases in the productivity of the workers. This increase leads to increases in the capital/labor ratio which in turn results in improvements in technology. Above all, savings are critical in that they must be high enough to replace the depreciated capital and also provide for the workers. Lower savings means lower worker productivity and lower living standards. The Solow growth model basically defines the conditions of different nations’ approach to an equilibrium level of capital stock (a steady-state). While developed nations such as the United States have reached this level of steady-state, other developing nations are still experiencing rising levels of high savings and rising capital/labor ratios. Bibliography lists 5 sources.
Filename: TJSolow1.rtf

Economic Growth and the Solow Growth Model: Includes Country Comparisons, Formulas, Stylized Facts and “The Golden Rule”
[ send me this paper ]
This is a 9 page paper discussing Solow’s Economic Growth Model including country comparisons, formulas, stylized facts and “the golden rule”. Robert Solow’s economic growth model (1956) takes into account various important economic determinants of growth which include capital, labor, human capital, life expectancy, technology, trade and geography among other components which help to answer certain discrepancies which appear throughout the world economies today such as why some countries are rich and others poor; why some countries grow faster than others; how some countries manage to sustain economic growth; and why growth miracles and disasters can occur. Stylized facts included with Solow’s assumptions and model are those which have found that there are large variations in per capita income across economies; rates of economic growth vary a great deal across economies; growth rates are not constant over time; countries can move between being rich and poor; growth in output and trade are related among others. Solow’s growth model emphasizes all of the aspects of the importance of economic growth within a society. It also includes components of the supply and resources of a nation which can expand opportunity for a country’s production. Above all, savings are critical in that they must be high enough to replace the depreciated capital and also provide for the workers. Lower savings means lower worker productivity and lower living standards. The Solow growth model basically defines the conditions of different nations’ approach to an equilibrium level of capital stock (a steady-state). While developed nations such as the United States have reached this level of steady-state, other developing nations are still experiencing rising levels of high savings and rising capital/labor ratios. Bibliography lists 6 sources.
Filename: TJSolow2.rtf