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Showing posts with the label educational development

Financial and Social Growth Support Each other

Asia is a hotspot of growth and researchers are trying to figure out how this growth was realized. The researchers Pradhan, et. al (2013), reviewed 15 Asian countries from 1961 to 2011 to determine the causal nexus between financial development, social development and economic growth.   They hoped to understand how these factors work together in terms of fostering growth within their target countries.  Financial services offer help in terms of moving capital to growth markets. As countries growth they continually seek higher levels of outside resources to perpetuate this growth. Financial institutions help in transferring wealth from other locations into faster growth markets that can realize greater profit.   Financial institutions help in the process of financial transfers.  These financial services also create opportunities for financing, investing in the form of stocks, and the secure holding of money. A well-established financial market maintains a level of operatio

Book Review: The New Middle Class by Steve Gunderson

The New Middle Class Creating Wealth, Wages and Opportunity in the 21 st Century by Steve Gunderson delves into the problems faced by middle class Americans. He expresses concern over the mismatch of American values, education, economic policy and American competitiveness. The middle class is slipping away and policy makers should consider new ways of encouraging a 4-5% growth rate and higher levels of educational attainment to maintain prosperity.  National development should be based on those values that made America great. It is the desire to continue to move up the economic ranks while not ignoring wider responsibilities. Yet without improving upon the education system the grasps of middle class are sifting through the hands of those who desire it the most. The system needs to change and improve if the U.S. will maintain its competitive stance.  The far majority of jobs today (85%) need some secondary education beyond high school.    The path to maintaining the middl