Johnny Ch Lok

How Economists Compare Developing And Developed Countries Technology Johnny Ch Lok

The economists indicated that people's economic behavior varies at different stages of life, changes in a country's age structure can have significant effects on its economic performance. So, such as US, if it had a high proportion of children are likely to devote a high proportion of resources to their care, which would tend to depress the pace of economic growth. By contrast, if US's population falls within the working wages, the added productivity of this group can produce an increase in the economic growth. This is how the combined effect of this large working age population and health, family, labor, financial and human capital policies can create cycles of wealth creation. On the other hand, if US a large proportion consists of the elderly, the effects can be similar to those of a very young population; a large share of resources is needed by a relatively less productive segment of the population, which likewise can inhibit economic growth in future US society. Further Bloom et al. (2001) analyzed the three main mechanisms of population's structure for determining economic growth ( labor supply, savings and human capital ) and their dependence of policy environment. They indicated that a growing number of adults will only be productive of there is sufficient flexibility in the labor market to allow its expansion, and macroeconomic policies that permit and encourage investment, people will only save if who have access to adequate saving mechanisms and have confidence in domestic financial markets and the demographic transition creates conditions where people will tend to invest in their health and education, offering great economic benefits, special in the modern world's increasing sophisticated economies. It seems future US labor market will need a growing number of adults to supply, a stable domestic financial market to encourage US people have more confidence to save money in banks, a stable health and education sector industry can encourage US people have confidence to invest to do this kind of health and education service industry. Instead of population of working age factor will influence US economic growth. However, US people living culture will also influence US economic growth. For example, if it has a trend that there are many US young people like often go to shopping in relax time, because who feel shopping is their young group entertainment in the year. Then, the year US GDP growth will be possible raised, due to there are many US young people prefer to spend for shopping expenditure suddenly in the year. In conclude, in social environment of cultural and population of working age size will influence US future economic growth. Online tourism technologyToday, US online tourism sale industry has always been one of America's great home growth industries. Today, more than 8 million Americans are employed in travel and tourism. For example, US domestic South Carolina, hospitality and tourism has been as the largest local industry, providing tens of thousands of families directly or indirectly with jobs. Predicting global tourism consumption needs work be increased. US will experience in a changing economy, tourism industry will provide job security to many Americans as well as the service -oriented nature of many travel positions and these jobs are difficult, if it is impossible to outsource. Many people accept to buy air tickets from online sale channel. Will future America government play an important role to influence future US online air ticket tourism sale method to raise online travel consumption behavior?