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Unformatted text preview: z Curve or Gini Coefficient gives static
Inter-personal comparison vs. Intra-personal
Deterioration in inequality is likely in a recessed
East Asian economies do not support a continuous
improvement of equality as GDP rises. Changing Comparative Advantage
Economic openness and conducive domestic
conditions invite foreign direct investment that are
Comparative advantages in exports and trade follow
the world pattern of demand.
Foreign direct investment helps change comparative
advantage over time. Role of Government
Hong Kong government intervened “positively” when
“Diffusion-oriented” strategy adopted in
Total public expenditure in GDP has been low.
Larger expenditures include education and health. Pro-Growth Regime
Politics is linked to economic in the process of distribution.
Economics is used in political platform.
Political outcome tends to be short term. Economic growth
tends to be long term.
Economism produces an economic floor, so that growth
depends on stage of the economic cyc...
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- Spring '14