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Showing posts with the label Economic Growth

Implications of Telecommunication commitments of Pakistan in WTO/GATT

Some people do not see international trade favourably: here a child protests against the WTO in Jakarta. (Photo credit: Wikipedia ) Proposal Background of the Study The birth of the World Trade Organization (WTO) eleven years ago was to serve the purpose of having a formal entity with extensive responsibility in international economic affairs.  Sampson, (2001) stated that the WTO is undeniably a major player in the field of global governance, and its rules and processes will profoundly affect the future economic and political orientation of its member-countries. The WTO was established to perform very significant functions: freer trade among member-countries, a conventional set of rules in the conduct of global trade transactions and as a mediator between international trade conflicts.             The humongous responsibility put upon the organization has been faced with criticisms over the years.  Critics c...

Kenya's Stimulating economic growth

Stimulating economic growth The focus is to have basis towards stimulating economic growth from certain income levels, Kenyan household perspective. Why emphasis should be put on raising levels of income to the low income earners? Why other concentrating on putting ceilings on high income earners as a way of stimulating economic growth? Whether income inequality reduces economic growth is an issue that has been explored in many empirical studies over the last decade or so. Many studies find that there is negative correlation between income inequality and economic growth. Research will argue that these studies need to be interpreted with a great deal of caution, as they measure inequality in an inconsistent manner. Inequality can be measured using data on gross income, net income or expenditure. In addition, the unit of measurement can be the individual or the household. There would expect to obtain quite different measures of inequality, depending on which of these classifications a...