\"point-counter point\" (\"Growth: Positive and Productive?\") Managers often st

Question

"point-counter point" ("Growth: Positive and Productive?")

Managers often study many second-order indicators of economic performance and potential, including inflation, unemployment, debt, income distribution, poverty, and the balance of payments. Which of these indicators may be more relevant to the assessment of an advanced industrialized (developed) economy (like the US, France) as compared to the assessment of a developing or emerging market economy (like Mexico, Turkey, South Korea)?

Please include point-counter point from Chapter 4 in your discussion and any examples that you may be able to find in newspapers and on line magazines and articles.

Explanation / Answer

For developed countries, the following is more suitable second-order indicators of economic performance:

In case of developing countries, the following are more suitable second-order indicators of economic performance:

http://www.economicsdiscussion.net/essays/unemployment-essays/unemployment-in-developing-countries/10389

https://voxeu.org/debates/commentaries/inflation-targeting-developing-countries-revisited

https://www.thebalance.com/what-is-balance-of-payments-components-and-deficit-3306278

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