Economic Growth and Poverty Gap Essay

hopes of promoting continued growth. This new source of income was important to many third world countries which at that time were in the early stages of economic development. However, many countries also experienced the growth of another industry which is sex tourism. Sex tourism refers to the…

in the early 90’s, was the NABARD’s pilot movement for the promotion of financial inclusion amongst the poor population. Although SHG-BLPs offer loans at lower rates as compared to MFIs, the growth in disbursements by SHG-BLPs has been slower as compared to that by MFIs. MFI credit has recorded stronger growth as compared to rural bank credit due to the following reasons: • The door to door service offered by MFIs. • Lower processing time and lesser documentation while processing a loan • Lack…

Globalisation is the process of increased integration between different countries and economies resulting in the establishment of a single global market and greater influence internationally on economic activity. This influence has had a major impacts both positive and negative, especially on what are known as the BRICS economies, the world's 5 major emerging economies which includes China. Over the past 4 decades China has benefited greatly from globalisation and its current size would not have…

education plays in economic development and the effect of education on worker productivity, poverty, vocation, technology, welfare, earnings distribution and family. Education offers a foundation for growth and expansion, the basis on which considerable economic and social well-being is constructed. The significance of increasing and economic efficiency and social consistency by increasing the significance and productivity of worker labor helps to raise the underprivileged from poverty. It also…

After examining the contribution of exports to growth since the early 2000’s, Akyüz (2011) points out that approximately one-third of Chinese growth before the global financial crisis of 2007 was a result of exports. With a sharp drop in its exports after the financial crisis, Akyüz doubts whether or not China can return to its former rapid and sustained export-led economic growth after a serious recession. With the sharp slowdown of China’s economic growth rate in the year of 2008, Guo and…

can be difficult to parse out the effects of institutions when they have taken so long to evolve over time (e.g. Europe, China, etc.), but when the exogenous force of colonialism invaded, the difference in institutional development and future economic growth was stark. It is obvious to see that Spain set up extractive institutions in their American colonies and that England set up settler colonies which were far more likely to develop inclusive institutions; but, Why Nations Fail, broadens the…

Their empowerment has given considerable opportunities and possibilities of improving employment conditions through global solidarity and co-ordination. It is observed that growth in the use of computers and other technologies offered Indian women several benefits such as- better wages, flexible working hours and the capacity to negotiate their roles and statuses in their homes as well as at corporate levels. Globalization…

person receive the same basic rights and unobstructed access to economic and political resources, not mediated by gender, ethnicity, level of education, economic status, or other demographic characteristics (Jimenez, 2010). China and the United States vary a great deal in culture and values. For example, collectivist China versus individualist United States, humility over self-promotion, heirachy versus authority, etc. Although, economic systems are different, the ultimate…

economies - Australia is a developed, capitalist nation, whereas Cambodia is a developing, communist nation. Despite this, there are still some similarities. Economic Growth Australia and Cambodia are very different in terms of economic growth - Both countries have mixed economies, although Cambodia has a high level of centralized economic planning and government regulation (Export Britain, 2016). Australia has very high levels of foreign investment – 56 per cent of all commercial property…

demand for sustainable growth and development. While The Bahamas remains one of the wealthiest countries in the Western Hemisphere because of strong economic performances, trends in the tourism and financial sectors (the country’s leading industries), increasing unemployment rates, poverty, skill gaps, and incidences of crime threatens the country’s overall development and prosperity. Quintessentially, we are at the intersection of implementing the goals for sustainable growth primarily through…