DEVELOPMENT CONCEPTS. Mankind has been living in the world for about two million years. For the major part of these long ages of human existence, man led a life of hunting and gathering. Then,10000 years ago agriculture was discovered and settled life began. Civilizations rose and fell. Agriculture became the Read more
THEORIES OF CAPITALIST CRISIS. Marxist theories of crisis have been elaborated for the industrialized capitalist system of the centre countries. There are crisis associated with the falling tendency of the rate of profit and there are realization crisis. The tendency of the rate of profit to fall as accumulation proceeds Read more
ROWSTOW’S STAGES OF DEVELOPMENT. A modern American economist Prof.Walt Witchman Rostow is well known for his famous ‘stage-wise transformation’ thesis of economic growth. He started with a service career in the office of strategic service during the world war second period(1935-45),becoming the assistant chief of the German Austrian economic affairs Read more
NEO-CLASSICAL VIEW ON VALUE. In the second half of the 19th century Ricardian Economics started decaying after J.S.Mill. This was due to the criticisms of Historical and Socialists School of thought. The year 1971 marked a turning point in the history of economic thought. It witnessed the end of classical Read more
DEVELOPMENT INDICATORS. Economic development can also be seen as a level of economic attainment. Measurement and comparison of development require indicators of development. We can discuss four important indicators of development. These four indicators are: Per capita income, Physical Quality of Life Index, Human Development Index and Quality Life Index. Read more
GLOBAL DEPOSITORY RECEIPTS. Depository receipt – A receipt for money deposited in a bank etc Global depository receipt is a receipt for equity shares issued abroad and traded in global or international stock exchange. GDR is a dollar denominated instrument traded on a stock exchange in Europe or in USA Read more
THEORIES OF UNDER CONSUMPTION. Marxist theories of crisis have been elaborated for the industrialized capitalist system of the centre countries. There are crisis associated with the falling tendency of the rate of profit and there are realization crisis. The tendency of the rate of profit to fall as accumulation proceeds Read more
DERIVATIVES. Capital markets all over the world have been witnessing the dazzling development of derivatives. A derivative or derivative security is a financial instrument whose value depends on the value of an underlying security. Derivatives are son called because they derive their value from the underlying asset. For example, a Read more
HIRE-PURCHASE FINANCE COMPANIES. Hire-purchase means purchase on an installment plan. The credit involved in the installment plan is provided by financial Institutions. Hire-purchase facilities are needed mostly by small buyers of equipment, weather engaged in farming, fishing, or manufacturing, small transport operations for purchase of vehicles (new or old) and Read more
LEASING IN INDIA. Leasing has grown by leaps and bounds in the eighties but it is estimated that hardly 1% of the industrial investment in India is covered by the lease finance against 40% in USA and 30% in UK and 10% in Japan. The leasing in India covers a Read more