Johnny Ch Lok

Future UK and Us Technological Development Johnny Ch Lok

Ecommerce social economic development technologyHas it relationship between social influence and economic environment in future US? For example, the social factors that are positively correlated with the economic growth ( i.e. the expected years of schooling and the life expectancy) and respectively, the factors that are negatively correlated with US future economic growth ( i.e. the US population or risk of poverty and the unemployment rate). The improvement of the US future economic environment will be an objective of the macroeconomic policy on short, medium and also long term. The importance of social factors upon US future economic growth, considering that the future used macroeconomic indicator, GDP per capita, is not most proper measure for the future US nation welfare. Due to GDP per capital fails to take into consideration some specific sectors of the US social economy, such as the black market. Until recently, some economists rely on culture is as a possible determinant of economic phenomena. However, in current years, better techniques and more date made it possible to identify systematic differences in people's preferences and beliefs and to relate them to various measures of cultural environment suggest an approach to introduce cultural-based explanation that can be tested and are able to substantially understand economic phenomena. The increased importance of social factors relies on a basic concept. Some theory is measured to economic growth which has wrong assumption. For example, the fiscal and monetary policies focused on increasing the national income, which lead consequently to economic growth. The reason most of economic opinions have been argued because whose opinions are based on a wrong hypothesis, according to which the nation welfare is based only on the level of income. Can social factors influence US future economic growth? Human development history, global life expectancy has been experiencing these stages: from the industrialization process, the technologic progress, the medical evolution, the scientific research, these stages were also related to internal causes, specific to some developed countries, e.g. US developed country. Thus, the differences are significant and are linked both to US life expectancy level and the GDP /capita. Such as US population is less than China population too much. Although, US land area is near to China area. It seems US will encounter life expectancy level need to prepare its technological development to raise economy growth of opportunity. For example, Africa and Asia are still facing major economic and social issues. The access to a health life and medical services are still long terms objectives for countries with low life expectancy. According to Harrison & Huntington (2000), the analysis of social factors helps understanding the human behavior with respect to consumption, savings, investment system, expectations and attitudes towards the economic circumstances, which also have a major impact on the economic growth. The evolutions of economic and social environment are needed for US future development. In order to eliminate the gap of living standard, outside resources and support US needs have good social indicators study plan to concern econometric model to rise poor people living standard in future US society between rich and poor people who are living in US. However, I believe the social factors include demographic and culture, population's structure factors which are one important social indicator to influence the distribution of the US social public income.