embrace of finance, which arguably is the most powerful force in the modern world. However, towering headquarters of financial corporations and the Wall Streeters with suits and briefcases could not keep me from noticing some homeless people lying by stairs or sitting at street corners, with only thin clothes on them in the cold late autumn weather. Why are many people still suffering from poverty despite rapidly growing finance and global economic expansion? Although the speedy growth of global economics may provide us more resources and opportunities in battling poverty, economic expansion does not warrant effective solutions to the current poverty crisis due to associated problems in income inequality, development imbalance, currency inflation, growth unsustainability, and policy inconstancy. Apparently, the lives of homeless people on Wall Street do not seem to benefit from adjacency of the richest land in America. Intensified poverty may be a result of increased income divergences between Wall Streeters and homeless people, as examples of the upper class and lower class, respectively. According to the data published by the Congress of the United States Congressional Budget Office, the top 1% of US families by income earned an average of $1,447,500 in 2011, while the bottom 20% families only had an average income of $7,900 (9). Additionally, Saez--a professor of economics at the University of California-Berkeley--and his colleague Zucman stated that “wealth inequality has…
Ghulam (2006)]. As a result most developing countries have to rely on Foreign Capital Inflows (FCI) to generate sufficient saving in order to achieve high levels of growth. According to Kumarasinghe P J, (2007), saving provides the wherewithal for capital formation, which in turn, is essential for economic development. If a country has a low rate of saving over a long period of time, the country’s economy would be entrapped in a vicious circle of low investment, low growth, low productivity…
FINAL REPORT Presented by: Dr. Ayesha Ayaz TABLE OF CONTENTS: EXECUTIVE SUMMARY 3 TIME LINE 3 THE COMPANY: PRESENT AND FUTURE PLANS 4 MISSION STATEMENT 5 DISTRIBUTION: NETWORK OF CHANNELS TO REACH END CONSUMER 5 DOMESTIC ROUTES 6 INTERNATIONAL ROUTES 7 PRODUCT LINE 7 PRODUCT LIFE CYCLE…
Unity, Discipline, and faith is the motto that the Pakistani live by. Pakistan is country that is struggling that is slowly making a rise with their government and there economy. The President of Pakistan and the Prime Minster are key role players in making this happen, and the people of Pakistan support every decision that they make. Pakistan does have a very strong Military that is versatile on ground, air, and water. Which will help them out so they can’t be over thrown easily. Pakistan…
Population and development problem in Pakistan The continuing growing population of Pakistan is impacting its citizen in different ways. One for the major issues that they are currently facing is food insecurity. According to a nutrition survey conducted in Pakistan approximately 60 percent of the country’s population majority of them women and children were found to be malnourished. This significant number is impacting Pakistan’s development and stability, yet little attention has been…
Children are the blossom of paradise. They are the most attractive and flawless creation of God. They are pure both inside and outside. Per capita income in Pakistan is $1900. As The Economist Ranjan Ray states, "A family will send the children to the labor market only if the family 's income from non-child labor sources drops very low" (5).An average Pakistani has to feed 9 to 10 people. In addition, Pakistan has very high rates of inflation. Farkhanda Anjum and her colleagues in professional…
Blind to Eye Care in Pakistan Introduction The United Nations as created an agenda for 2030. Within this agenda, there are seventeen sustainable developmental goals (SDG) that aim to transform our world. These goals are to be met through numerous different means: government policies, public change, non-government organizations (NGO), and a variety of other ways. NGO’s are a large way to help meet these goals and impact the world for the better. LRBT, an NGO that focuses on eye care for those…
Disasters form when hazards and vulnerability factors collide. The underlying causes, conditions, triggers and inadequate measures to reduce risk are all important aspects to consider when studying disasters. I will be using the social vulnerability perspective in this essay to examine the floods that occurred in Pakistan in 2010. These floods were considered to be a massive humanitarian disaster, leaving millions suffering through loss and insecurity. Specifically, I will be taking a practical…
of her father and India’s leader of the Indian National Congress at the time, Jawaharlal Nehru. She started Indian feminism and increased the potential power of women in the world, but she committed many crimes that prove that she was a bad leader for India. She did everything she could to keep herself in power even though she was harming India and taking away rights. Narendra Modi was elected as prime minister of India in 2013, and he has continuously proved himself worthy by improving India’s…
example of a protest, or wave of protests, that succeeded in “trapping the government into counterproductive punitive” schemes. Yet according to a CNN article “Arab Spring aftermath,” Arab Spring resulted in “more instability, more violence, and fewer freedoms.” Due to Syria’s civil unrest, poverty has struck the nation and from an economics perspective middle class salaries have not kept up with inflation, which is one indication of a declining standard of living. Conditions the farther…