Agricultural Insurance Market Size 2022 Global Analysis by Share, Revenue, Investment, Top Players, Key Growth Region and Forecast 2022 to 2028: Agricultural Insurance market size will reach USD 67940 million in 2028, growing at a CAGR of 5.5% over the analysis period. insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
The middle-income trap (MIT) is often accompanied by the decline or stagnation of economic growth, unreasonable domestic industrial structure, and serious polarization be-tween the rich and the poor. However, due to different international environments, different specific national conditions, and different development policies adopted by each country, the manner in which to get out of the MIT varies. Transforming the mode of economic growth and realizing sustainable economic development is an important means for a country or region to escape from the "trap" of economic stagnation. This study carries out an analysis of different economic growth factors of Latin America countries (we selected 19 MIT countries out of 33) and compared them with Singapore and Korea, which are in a high-income range. We used a regression model to find the relationship of variables in each country and the impact on the economic growth due to these variables. The study finds using correlation and regression analysis, that trade and foreign direct in-vestment (FDI) play a major role in avoiding the MIT by having a strong regression with gross domestic product (GDP) for high-income countries while having a weak regression in Latin American countries. Another factor is that industrialization and services export play a vital role in avoiding the MIT in Singapore and South Korea, and the same model should be used in Latin American countries to avoid the MIT. Furthermore, using the ARDL model we validated the results of a regression model and established that similar factors are impacting Latin American countries’ MIT. Correlation analysis is used to determine the relationship of selected factors and their impacting strength on the growth of an economy. In the final section, we present to Latin American countries, their main policy gaps according to their unique characteristics and recommend policy with suggestions for avoiding the MIT by comparing their economies with those of high-income countries.
Agricultural Insurance Market 2022 Analysis by Growth, Revenue, Key Companies, Regional Development and Global Outlook to 2028: Agricultural Insurance market size will reach USD 67940 million in 2028, growing at a CAGR of 5.5% over the analysis period. insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
Agricultural Insurance Market 2022 Analysis by Growth, Revenue, Key Companies, Regional Development and Global Outlook to 2028: Agricultural Insurance market size will reach USD 67940 million in 2028, growing at a CAGR of 5.5% over the analysis period. insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
Agricultural Insurance Market 2022 Analysis by Growth, Revenue, Key Companies, Regional Development and Global Outlook to 2028: Agricultural Insurance market size will reach USD 67940 million in 2028, growing at a CAGR of 5.5% over the analysis period. insurancenewsnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancenewsnet.com Daily Mail and Mail on Sunday newspapers.
THE National Bank of Commerce (NBC) has shined at the Nanenane Agricultural Exhibition held at the John Mwakangale Stadium in Mbeya region, with the bank’s Agricultural Insurance product designed for farmers being one of the attractions among the participants of the exhibition.