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Economics Global Economic and Human Development Essay

Economics Global Economic and Human Development Essay

ANSWER

Comparison of Infrastructure and Innovation Indicators between Saudi Arabia and Nepal

Key Concepts: Theory, Measurement, Globalization Index, Policy Tools

When comparing the infrastructure and innovation indicators of Saudi Arabia and Nepal, it becomes evident that there are significant disparities between these two countries in terms of development. These indicators provide insights into the overall connectivity, technological advancement, and innovation capacity of a country. Here’s an analysis of selected indicators for both countries:

Infrastructure Indicators:

  1. Internet Users per 100 People: This indicator represents the penetration of internet usage within a population. Saudi Arabia, being more economically developed, is expected to have a higher internet penetration rate compared to Nepal.
  2. Broadband Internet Subscribers: The number of broadband internet subscribers per 100 people signifies the availability and accessibility of high-speed internet services. Saudi Arabia is likely to have a better broadband infrastructure compared to Nepal.
  3. Mobile Phone Subscribers: Both countries are expected to have mobile phone subscribers, but Saudi Arabia might have a higher penetration rate due to its more developed economy.
  4. Airline Passengers of Domestically Owned Airlines: This indicates the robustness of the aviation industry within a country. Saudi Arabia, being wealthier, could have a higher number of airline passengers compared to Nepal.
  5. Quality of Infrastructure (Air Transport, Roads, Railroad, Port): Saudi Arabia is likely to score higher on these indicators due to its higher economic capacity for infrastructure development.
  6. Mobile Network Coverage: Saudi Arabia might have a higher mobile network coverage percentage due to its advanced telecommunications infrastructure.
  7. Volume of Goods Transported by Railways: Saudi Arabia’s stronger economy might lead to a higher volume of goods transported via railways.

Innovation Indicators:

  1. Innovations Index: Saudi Arabia, being a wealthier nation, might invest more in research and development (R&D) and therefore score higher on the innovations index.
  2. Research and Development Expenditure (% of GDP): Saudi Arabia could allocate a larger portion of its GDP to R&D compared to Nepal, contributing to higher innovation potential.
  3. Information Technology Exports (% of Total Goods Exports): A more economically developed country like Saudi Arabia might have a higher percentage of IT exports.
  4. Patent Applications by Residents: A stronger innovation ecosystem might result in higher patent applications in Saudi Arabia compared to Nepal.

Globalization Index and Policy Tools:

The Globalization Index assesses a country’s integration into the global economy. Wealthier countries like Saudi Arabia tend to have higher globalization scores due to their increased economic interaction with other nations. Policy tools to achieve desired objectives in infrastructure and innovation might include investment in education, R&D, technology transfer, and trade policies.

In conclusion, the comparison of infrastructure and innovation indicators between Saudi Arabia and Nepal underscores the disparities in economic development and technological advancement. While Saudi Arabia demonstrates better performance in these indicators due to its higher economic capacity, Nepal’s potential for growth lies in strategic investments, policy formulation, and international collaboration to enhance its infrastructure and innovation landscape.

Economics Global Economic and Human Development Essay

QUESTION

Description

Select two countries one from the richest & the one from the poorest

SA and Nepal

add below part

Key Concepts –

· Theory

· Measurement

· Globalization index

· Policy (Tools) for desired objectives

ou Can get Development data from below:

Infrastructure and transport (annual data)

Internet users, per 100 people Countries and years Definition View chart

Broadband internet subscribers Countries and years Definition View chart

Fixed broadband internet subscribers per 100 people Countries and years Definition View chart

Mobile phone subscribers, in millions Countries and years Definition View chart

Mobile phone subscribers, per 100 people Countries and years Definition View chart

Airline passengers of domestically owned airlines Countries and years Definition View chart

Railroad lines, total length in km Countries and years Definition View chart

Volume of goods transported by railways Countries and years Definition View chart

Railway passengers Countries and years Definition View chart

Number of 20-foot containers passing through the ports Countries and years Definition View chart

Quality of air transport infrastructure, 1(low) – 7(high) Countries and years Definition View chart

Quality of roads, 1(low) – 7(high) Countries and years Definition View chart

Quality of railroad infrastructure, 1(low) – 7(high) Countries and years Definition View chart

Quality of port infrastructure, 1(low) – 7(high) Countries and years Definition View chart

Mobile network coverage, percent of the population Countries and years Definition View chart

International Internet bandwidth per Internet user, kb/s Countries and years Definition View chart

New commercial vehicle sales, numbers per year Countries and years Definition View chart

New passenger car sales, numbers per year Countries and years Definition View chart

Innovation (annual data)

Innovations index (0-100) Countries and years Definition View chart

Research and development expenditure, percent of GDP Countries and years Definition View chart

Information technology exports, percent of total goods exports Countries and years Definition View

chart

High technology exports Countries and years Definition View chart

High tech exports, percent of manufactured exports Countries and years Definition View chart

Patent applications by residents Countries and years Definition View chart

you can get Human development data from below :

Present the most recent Human Development Report by UN

2 hours ago

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