Essays on Poor People

Introduction

For understanding how the corn industry and the industry of water, I have interviewed with the marketing professionals from these two industries. Considering that marketing departments monitor the demand conditions, they can give us adequate information about their market.

Interviewer: What type of industry are you operating in? Marketing Professional 1: Producing corn requires using large lands, machinery, and knowledge of cultivating corn. Therefore, a company needs to have a high amount of financial resources to enter this market. Also, producing corn requires having the scientific knowledge for agricultural production. Changing climate and worse environmental conditions force us to ...

Sea Oak is a short story that depicts several characters living in poverty-stricken areas across the United States. Some of the characters explicitly express their desire to have a better life. One of the important aspects of the story is the fact that a character dies and resurrects temporarily. The author George Sauder’s has combined fiction with reality so as to demonstrate the extent to which individuals will go in a bid to escape poverty and suffering. By contrasting fiction and reality, the author has demonstrated that suffering is part of life and, therefore, inevitable. Even with assistance ...

(the author’s name) (the institutional affiliation) Although the countries worldwide have been dealing with poverty issues for several decades this problem is still urgent. Even the international commitment to the problem has not lead to substantial progress in reducing poverty levels. As regards the United States, the recent statistics in poverty rate reveals 14.8% of the poor population amounting to 46.7 million (Bray & Schommer-Aikins, 2016, p. 579). Poverty is associated with individuals’ inability to sustain basic amenities which include decent access to adequate resources: food, clean water, housing, clothing, health services, and safety. Such deficiencies restrict human freedom ...

American Public University

Poverty is defined as lack of access to the resources necessary for survival due to low level of income earnings in a household. The different countries have different thresholds for defining the poverty. UNDP accepts people who earn less than 1 dollar a day as the poverty threshold and the Millennium Goals of the United Nations aim at reducing the number of people earning less than 1 dollar a day (UNDP, 2017). Recently, sustainable economic development is discussed among the academicians and the professionals. Fast economic growth has been the main aim of many emerging economies in the last ...

Question 1

The three terms, including ‘developing,’ ‘poor,’ and ‘less developed,’ are used to refer to impoverished nations that share the following characteristics. Inadequate infrastructure. Such countries are said to be poor because they lack necessary infrastructure, such as an excellent transport network and sophisticated communication systems, which play a critical role in economic development. The underutilization of resources. Even with abundant natural resources, inadequate utilization and exploitation due to inadequate capital, lack of skilled labor, and the failure to access the requisite technology stops such nations from prospering (Collier 37). Unemployment. The countries are burdened by a high rate of ...

First Entry: My name is John Claude a thirty five years old male working as a Parish Priest of the First Estate. I have not married and I am not expected to marry because as a career priest I have vowed to abstain. We as the members of the First Estate believe that the Third Estate need to be taxed because they do not have power, they are in the lowest rank of the social scale and they consume significant resources. However, we cannot be taxed because people look at us for religious growth and education and we heavily ...

It is mostly the communities which have a scarcity of resources on their hands who have to worry most about the cost of healthcare because they are mostly the ones who live in conditions which encourage that adversity in health. So if we say that the poor take on the responsibility of introducing bad health in the society, it is like saying that it is their fault for being poor when in fact it is not. The responsibility for maintaining that optimal health equally amongst all of the members of the society falls equally on all of us for ...

Introduction

Princess Diana exhibited exemplary leadership traits as Princess. She was the first wife of the Prince of Wales (Charles) in UK. Although, she belonged to a royal family, yet she used to stay among poor people especially patients and helped them a great deal by taking part in numerous charity events. In addition to becoming Queen of a royal family, she literally got the title of “The Queen of Hearts” due to her services for the people of her country . Her death in 1997 in to a car accident in Paris, France left the world in tears, for losing ...

Compare Insurance Plans by States

Compare Insurance Plans by State Description of the Scenario After servicing in the military for many years, an elderly war veteran decides to spend his remaining years at home with his family. However, because of his age and the nature of his previous job, he is likely to face some of the health problems that may require frequent medication. Nevertheless, he may not be able to afford the high cost of medication because he is no longer on active payroll, which significantly reduced his level of income. Therefore, the elderly man needs a cheaper insurance plan that can cover ...

Problem Statement

There are a number of reasons, defined by the ethical as well as the economic and the political scenes, for the non-diminishing interest in addressing the gap between the rich and the poor. "The rich get richer and the poor get poorer" is an aphorism, which outlines the major views on economic inequality and the criticism, seen in academic and business literature, towards the philosophy of free market and capitalism in general. One of the principal works, laying the foundation for the discussion, is the work by Thomas Piketty, Capital in the Twenty-First Century (2014), who places the idea ...

(Student’s Full Name)

Introduction According to the Associated Press, there were more poor people residing in the state of Washington in 2013 compared to the previous year. This was the case despite the poverty levels remaining steady “across the nation” (Le par. 1). In addition, the United Way has recently revealed in a “comprehensive report” that “1 in 3” Washington households “struggle financially” (Hobbs pars. 1, 22). The experts have arrived at their own conclusions as to why that it is currently the case in the state. However, even though the cause of poverty in Washington State has ...

Introduction

There is no particular definition of the term homelessness. However, it can be described in simple terms as the condition where one lacks a home or permanent residence. The National Health Care for the Homeless Council has a wide range of definitions for homelessness (Bahumohl 5). First, it describes the condition as the one in which a person lacks permanent housing and resides in deserted buildings, vehicles, shelters, or lives as a street urchin. The person lives in a temporary transitional housing, single room or shelter. Secondly, it recognizes a homeless person as the one who is in a ...

Introduction

Just prior to the July 26th Movement or Revolution in 1959 by forces under Fidel Castro. Since 1965, the country has been governed by the Communist Party of Cuba. Culturally, the country is part of Latin America. The country has several cultural influences, namely, the ancient aboriginal culture of the indigenous Taino and Ciboney, Spanish influences as the country was colonized by Spain, the inflows of African American slaves and a close relationship with the Soviets during the Cold War era (Skidmore and Smith, 2005). At present, the country is one of the few remaining socialist nations in the ...

Report from Chapters 6 & 16 in Ann Fadiman’s “The Spirit Catches and You Fall Down”

Chapter 6: high velocity transcortical lead therapy

Hmong in America present challenges in the handling of cross-cultural medicine. At the Merced Community Medical Center (MCMC) the Hmong immigrants feel that their cultural practices and beliefs, such as women exposing themselves to doctors during medical examinations, are not right but they feel obliged by the local systems. There is a legal implication on the rights of patients in dealing with doctors since the doctors seem to disregard the rights their patients have to select treatment. For instance the issue of the lady who had blisters in her mouth and instead ...

Introduction

Obama Care aims at extending health care services to all the U.S. citizens, but it impacts the economy positively and negatively. The Affordable Care Act requires that firms should compensate the medical insurance cover of their full-time employees. The specific aspects of the economy that are impacted by this provision include employment, supply, and demand, trickledown economics, GDP, fiscal policy, wage and health care inflation. While Obama care forces firms to hire employees on part time, it results in high demand for medical professionals. As large companies and high-income earners pay their insurance premiums, the trickledown economics becomes real. ...

Introduction

The MENA Countries are the countries in the Middle East and the North Africa. Many of these countries are in the process of developing and some are less developed than others. As emerging economies, these countries are still spending the effort to develop their labor markets and human resources. Considering that the number of youth in the population is an advantage for economic development, the MENA Countries seem to have an advantageous position; however, before making this comment, one needs to analyze the labor markets in these countries. The basic statistics about unemployment exhibits volatility, and the unemployment rate ...

A Summary of

The reviews on Africa’s solar based enterprises are quite recent and cover a majority of related topics. He has reviewed the factors that provided an impetus to solar power based enterprises and the existing opportunities. However, the need for some more reviews on the reasons addressing slow development in the field is evident. Nevertheless, it is successful in drawing the readers’ attention on the gaps existing in the current review of scholarly works. The three basic research questions raised in the study clearly underline its problems and the purpose. Through these questions the author seeks to address the ...

The Bottom of the Pyramid (BOP) debate raises heated arguments between the supporters of the idea that multinational companies (MNC) have the capabilities to reduce poverty by strengthening the purchase power of the poor, and those who support the adverse idea that MNCs solely exploit the poor. The main proponents of this debate are C.K. Prahalad and Stuart Hart, who mitigate for the BOP theory in their study “The Fortune at the Base of their Pyramid”, and Aneel Karnani, who demounts the BOP claims in his “Mirage of Marketing to the Bottom of the Pyramid: How the Private Sector ...

Assignment

Question 1: List of Personal and Social Problems and explanation of one of them. Personal Problems include lack of hygiene, procrastination, not keeping up the promises, hatred to a specific group of individuals without any justifiable cause, drinking and driving and many more. Out of the aforementioned problems drinking and driving is a very serious personal and social problem. At one side drinking is a personal act. Driving in complete senses is no crime and not a deviant act but, drinking while driving becomes a huge problem. It can lead to accidents thereby causing damage not only to ourselves ...

Angela Locke’s essay “Born Poor and Smart” offers a pointed critique of social stratification and the cultural divides between rich and poor that maintain these systemic inequalities. Detailing her poor childhood and the long, arduous road she took to becoming financially solvent, Locke offers a laconic, straightforward essay that speaks truth to power while also demonstrating the problems the poor have in being able to uplift themselves out of poverty. While Locke misses a few fundamental differences between the rich and the poor in her logic, “Born Poor and Smart” offers a significant sense of ethos and pathos ...

Karnani’s response to Prahalad’s work The Fortune at the Bottom of the Pyramid (2002) has two main points; reasoning is not sound and the suggestions are full of fallacies. Karnani’s argument that there not a huge amount of money to be made by selling products specifically to the poor makes sense. The bottom of the pyramid does not have that much money to offer to the businesses. It is difficult to argue with Karnani’s reasoning as the points mentioned are legitimate. However, it is not the details that matter but the essence or the idea ...

The Evolution of Economics, Economic Systems and Politics

The science of economics, starting with Adam Smith –the father of economics, is the total efforts for developing an understanding of the economic behaviors of the humans. The science of economics follows a development path in defining the economics. The first definition of the economics was based on the household management. Members of family specialize in completing some specific tasks. The specialization relies on the genders' traditional functions. This definition was developed by the philosophers in the ancient times before the Dark Age in Europe. Adam Smith developed this definition by creating a theoretical economic system which has the ...

1.Take Notes on Malthus's social concern the struggle between workers, landlords, and capitalists? Malthus's first writings were in the unrest position of the workers against the landlords, proprietors, and capitalists. The economic system was allowing the wealthy people to receive the most of the revenue, and the labor was in the uncomfortable conditions. Malthus developed his law of population which defended the rich people. According to his law of population, the wealthy groups could get the power in the economy, and that was a natural process in the economy. He was aware of the social welfare issues. He defended ...

This is a presentation that examines two papers, first being evaluating the impact of PROGRESA on the health of children measures such as morbidity, height and anemia by using a controlled randomized design in the evaluation. The second paper examines the influence of school enrollment subsidy in rural settings in Mexico referred to as PROGRESA. Both articles discuss the effects of the PROGRESA program in the society of the poorest people in Mexico enacted by government agencies. The examination is done in both papers by collecting enrolment figures in areas where PROGRESA is operationalized and comparing it to areas ...

The statistics of homelessness and poverty in the world are shocking and they point to the need for urgent action to prevent disasters to humanity. The United Nations habitat department states that by 2015 there were 1.6 billion people who are either homeless or live in inadequate shelters (habitat.org). Out of these 100 million people are completely homeless while 1 billion live in informal settlements (habitat.org). This means that one in every four people across the world lives in conditions that harm their safety, health opportunities and prosperity. However, homelessness is a manifestation of even larger and more complicated ...

The law in most of the countries has prohibited the sale of body organs. Although the organs are considered the property of an individual, the government still control and determine if they can sell their organs at choice (Atkinson & Sargent, 2007). The US government allows hospitals to harvest organs of dead individuals if their family does not claim them. However, in countries such as Spain, the government has allowed hospitals to harvest organs from the dead by enacting a law that allows hospitals to harvest organs from the dead unless the person had left a will prohibiting the harvest. ...

Fighting global poverty is one of the most important problems to be solved for mankind in our time. This issue is of great importance not only for developing countries, where the number of poor people is huge. The poverty of people around the world is also a challenge for developed countries, since, in spite of the inner well-being, these countries are also influenced by the negative consequences of ill-being in other countries. Everything in our world is interconnected, so, for the sake of human welfare as a whole and an individual, in particular, it is needed as soon as ...

American Public University

Inventing a new thing which has the potential of being widely used by the people might create essential opportunities for the invention owners. The companies or people working on new inventions and innovations have the chance to be the leader in their industries or societies. In simple words, inventing or innovating brings an essential power to its owners. However, there is a high risk of losing these opportunities because the other people or companies might steal the idea of invention or innovation. In this case, inventing or innovating does not provide any power because all the people or the ...

INTRODUCTION

In human society there have always been laws and lawbreakers. Police were designed to protect the public from the dangerous offenders who might steal from them, harm them or kill them. The idea was that police were to be a positive inclusion in American cities, towns and neighborhoods. In some cases and some places they are exactly that. However, over the last few years there have been more and more instances where police have committed acts of unnecessary force, extreme violence and, unfortunately, including the use of deadly force in cases where their actions and motivation are being questioned ...

‘Richard Cory’ by Edwin Arlington Robinson is a simple poem about Cory which conveys the idea that money cannot buy happiness. It also throws light on misleading outward appearances of people which can easily make us draw wrong conclusions about situations. The poem relates the story of Richard Cory, who was a very wealthy man. He lived the life of a king: rich, elegant, and graceful. Whenever Cory passed by pavement dwellers, he appeared to be godly to those poor people who had seen nothing more than misery in their lives. They could not even earn their daily bread ...

Philosophy on Tyranny

Socrates on tyrants and Orators. Socrates had reasons to argue that oratory skills were just flattery and tyrants were largely unintelligent. Perhaps, comparing to the modern day set up, one can say that oratory, as to Socrates understanding, was public relations, or the act of dressing things up to look perfect or better than they actually are. Orators and tyrants did things that suited them best, as opposed to what they wanted to do. That made them powerless people with low regard in the society, despite being able to do anything they felt like, including excommunicating people and giving ...

The capitalistic economy was a result of the medieval age when the Europeans suffered from the lack of markets, trade, production, and economic activities as well as the epidemic diseases like Black Death. The Europeans found the solution to the problems in the medieval age by producing more than the people needed in Europe and market it to the other people. Also, the commercial attacks to the Asian countries starting from the Ottoman Empire to India had given the opportunity of moving the valuable or tradable items to the European countries such as seasonings and precious medals. The invention ...

One of the reasons that persons loyal to the Crown accepted the chance to settle in given areas of North America such as Canada and the different states of the United States is the economic potential of the regions. Despite the people who had declared loyalty to the crown having the chance to be leaders in the regions they were attached in, resettling in areas with more potential than others was always an endearing for settlers to move to the different parts of the colony. The Upper Canada region is one of the areas in which most poor people ...

Which is a better choice at the grocery store: paper bag? Plastic bag? Or tissue bag? Explain your answer.The best choice at the grocery store is to bring a used bag. Paper bags, plastic bags, and tissue bags all have individual issues associated with their use. Paper bags come from a renewable source, and are biodegradable. Despite this, they require more energy to make and are less likely to be reused. Plastic bags are not biodegradable but consume less energy to be made than paper or tissue bags. Tissue bags are the highest energy consumptive option, but are more ...

The modern day society is technologically oriented, with virtually every activity being conducted with the help of various forms of technology. The implication is that the world has seen a massive rate of large-scale production of technology devices. Estimates point out that close to 50 million tons of e-waste are produced globally (Lepawsky & Mcnabb, 2010). The developed countries are the primary producers of this waste, with the role of doing away with the waste left to the poorer developing countries. In the US and Canada for example, close to 80% of all electronic waste is exported to Asia and ...

Poverty and Religiosity as Bridges to other Faiths

Poverty does not choose who to strike or who not to, and neither does it focus on one religion over the other. However, many people believe that poverty is dictated by a specific religion, a speculation which is not true. This discussion will focus on the following characteristic that explains religion and poverty as a bridge to other faiths; Intense Social Stratification, Omnipresence of Poverty, The Transience of Life, and Philosophical Detachment with Africa as the specific community.

Intense social stratification

Social stratification is the act of forming hierarchies among people so as to distinguish one group from another. Most of these ...

Introduction

PhamaCARE is a top tier pharmaceutical manufacturing company with programs that aim at solving medical problems for poor people through discounts and partnerships. Based in New Jersey, PhamaCARE has operations across the world, and presence in an African country, Colberia. Most people in Colberia live below poverty line, and they are ready to do anything for a living, no matter how lowly it pays.

Scenario and Stakeholders

PhamaCARE has struck a deal with traditional healers in Colberia that will get them exchanging knowledge about their medical herbs with the company. The arrangement has opened opportunities for thousands of people, who rummage in ...

‘Whitey on the Moon’ by Gil Scott talks about the poverty of the Blacks in a society that only looks out for the White people. He explains how his taxes are deducted from his paycheck leaving him penniless and they are used for expensive trips to the moon by the white people. Therefore, the poet speaks of wealth disparity and lack of opportunity. The song is based on the disparity as a result of social stratification in a society that favors the White people over the Black people. The society is blamed for the inequality against the Blacks by ...

Hi Student 2, it has now been three years since the launch of Obama Care and just as the launch was in shambles, the delivery of the medical provisions has not turned out any better. The health system is complicated and costly even though it was enacted with the aim of assisting the disadvantaged and low-income persons. Many politicians have tried to alleviate the issue of medical care in the United States with several programs that are intended to promote equal access to health provisions in the country. I believe that just as the medical system focuses on curing ...

POVERTY AND CRIME

Introduction to background study Crime and poverty are some of the challenges that different societies face, and they have the effect of hindering attainment of a country's economic development. Through the development of practical policy issues, different governments struggle to eradicate crime and poverty, with the aim of achieving economic growth (Saunders, 2015). Crime has adverse effects on business performance due to instability and uncertainty issues. Different bodies are concerned that crime has put various governments at stake from achieving economic development, especially in the developing countries. Crime, as a setback to economic growth in the society, contributes to ...

The modern day society is technologically oriented, with virtually every activity being conducted with the help of various forms of technology. The implication is that the world has seen a massive rate of large-scale production of technology devices. Estimates point out that close to 50 million tons of e-waste are produced globally (Lepawsky & Mcnabb, 2010). The developed countries are the primary producers of this waste, with the role of doing away with the waste left to the poorer developing countries. In the US and Canada for example, close to 80% of all electronic waste is exported to Asia and ...

Annually on the third Monday of January in the USA, the Day of the black fighter for the civil rights Martin Luther King is celebrated. This holiday is confined to the birthday of King on January 15. The preacher Martin Luther King headed the Movement for the rights of black Americans. This movement was devoted to fighting against racism and discrimination. At the same time, King supported only nonviolent methods of the fight. In 1964, the Nobel Peace Prize has been awarded to him, and in 2004 the American authorities have posthumously appropriated him the Congressional Gold Medal which ...

Research Essay

As we live our lives, we tend to encounter various challenges every day. Our own thinking brings some of these challenges while other challenges are brought by the paradigms created by the society. Since the world has all kinds of people, we are likely to encounter the rich, poor, unhealthy, and healthy people in our daily interactions. These interactions are sometimes challenging, as we tend to question ourselves on how much we can do to help the world’s poor and the unhealthy people. This challenge presents itself in two ways. In one way, we personally feel that it ...

Introduction

The USA is now witnessing one of the highest income disparities in its history. Rich people are getting richer while poor people are getting poorer. One of the main challenges for the government is to ensure more equitable wealth distribution among the population. One of the most discussed techniques in recent years is “minimum wage”. Minimum wage in the USA is currently $7.25 per hour and a multi-year long debate between the Republicans and Democrats is going on upon the issue of increasing the minimum wage to $10.10 (Peters). This has become a major issue of political tussle between ...

Book review

Book Review: Poor Economics - A Radical Rethink of the Way to Fight Global Poverty The book primarily focuses on the reasons of poverty and how to alleviate it from the world. The book discusses various topics and carries out program in different villages selected randomly . it also discusses how they are facing the problem of poverty and the measures taken to eradicate it. The book also discuses about the policies that are implemented in eradicating poverty but are total failure. This is due to lack of understanding the exact reason of poverty. The main purpose of removing poverty ...

<<Name>> <<Professor Name>> <<Subject>> <<Date>>

The prevalence of poverty in the United States is of increasing concern to many in government and makers of public policy. According to a humanitarian organization, Poverty USA (2014), there were 47 million poor people in 2014, which translates to a rate of 15%. This rate is around 2.3 points higher than in 2007 or 2008 (U.S. Census Bureau). Poverty does not affect all equally. The poverty threshold as defined by federal government is $24,000.00 for a family of four people. ...

Q1. Why do you believe cities are thriving today?

Thesis of the Statement We will be studying about the developments of the urban cities of present days. The reasons why they are thriving today and what are the benefits of these developments on the economy.

Introduction

The reason was that people went to settle or find job in those cities where there was modern facilities, entertainment, prospect to rise. If we see the data we will find that mostly cities that are besides any water body like sea or ocean mostly those cities thrived fast due to trade. Trading with different countries was an important source of income for ...

Contained within the satire essay ‘A Modest Proposal, Johnathan Swift not only entertains with a backhanded and witty criticism of the privileged and hypocritical wealthy, the ridiculous uselessness of the politicians in Ireland, and the dreadful conditions that the poor in Ireland must endure. Swift ridicules those who have the financial means to help, but refuse to help the situation in a positive way, as well as the horrid cruelty of the English that makes the whole thing absurdly incompetent on the part of those who refuse to help themselves. (Swift & Fabricant, 2011) When Swift wrote this piece, in ...

The main theme which is discussed in the articles “Spreading the Wealth” and “The micromagic of microcredit” is the poverty of the developing countries and how it is affected by a variety of economic phenomenas (globalization and microcredit, respectively). In particular, the authors of first article discusses the globalization and the standards of living in poor countries. The second article reveals the features of microcredit and how it affects the lives of poor people in Africa. It is difficult to compare the two articles thoroughly, since both of them describe different concepts, however, it is easy to see that ...

Article Analysis: World Poverty

Introduction In 2015, the United Nations is working with the World Bank’s ambitious plan to end extreme global poverty by the year 2030. This means that for the first time, every person in the world would afford common items and food to make their life easier. Many experts would debate on the main cause of poverty as it could be the changing trends in a certain country’s economy. Other factors would also include the lack of education, overpopulation, the presence of epidemic diseases like AIDS and malaria and even environmental problems like drought. Extreme weather can cause ...

Fast food is cheap, mostly accessible around the corner, and available around the clock. People coming home tired after work, children whose parents are at work when they get back from school, college kids living on a low budget and individuals who don't know to cook or just too tired to cook all go to a fast food place as the waiting time is less and they get food that is cheap and filling. However, this cheap and convenient food has been linked to a lot of adverse health effects such as obesity, heart disease, diabetes and in some ...

In the societal milieu of China, the resonating presence of the Internet and new age ICTs has come to weave the working class population together. Firstly, it needs to be comprehended that China is a country where the media is highly regulated by the state authorities. The political scenario in the country does not provide much space for subversive opinion-building or discussion that might come to thwart the state policies or perspectives. Also, the state authorities have a propagandist approach so as to garner the support of the general masses of the society. This is done to strengthen the ...

Food is a fundamental necessity of life and therefore becomes a rich conveyor of cultural traditions and norms and attracts patterns of symbolic significance much like a magnet, for example, who is entitled to eat with whom, and when, and how food is to be shared. The cultural understandings surrounding the sharing of food illuminates social dynamics by distinguishing cohesive social units and social distance. Indeed, it can be said that a culture is encoded in the expectations of behavior associated with the communal act of dining. The purpose of this paper is to examine the historical continuity of ...

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Corresponding Address and email)

Introduction United States is spending a huge amount of money on health care. In the year 2010, health care spending, in the U.S., accounted for about 17.9% of the country’s GDP, i.e. approximately $2.6 trillion. Still the country is facing increased health care costs, and several drivers are thought to have a role in increasing the cost of health care. Among the important contributors of increasing health care costs are easy availability of the latest technology that is costly in many cases, chronic disease conditions, administrative expenses of hospitals and health care institutions, mandated insurance ...

There are many manners in which to be a hero; not all of them include donning a cape and fighting evildoers. Some heroes are more intellectual in nature, and all they need to change society’s wrongs is words, be it through pen and paper or by talking. The latter kind is usually not as well-known as the former, yet they have also influenced history in very important ways. One way of bringing society’s ills to light is through satire, of which there have been many master’s throughout the years. This genre ridicules the subject, using irony, ...

The series of economic issue is aimed at making the availability of a broad readership of none- specialists that are produced by economic research on topical issues by the International Monetary Fund. The causes of rural poverty are complex and multidimensional (Khan). They include cultural practices, climate, public policy, gender, and markets for the products. Additionally, poverty in rural areas is diverse concerning the problems they face and the possible remedies to the above problems. Therefore, this paper will discuss the causes of rural poverty, factors that are accounting to its persistence, economic policies for poverty reduction in developing ...

The Influence of the Repeal of the British Usury Laws

Introduction The recent few years have experienced a dramatically high growth in the interest rates globally, which is also believed to have reach a historically high rate. This growth, with specific reference to the existing interest law, has resulted in serious concerns related to the development of credit markets. The reasons behind the efforts on developing credit markets is essentially due to the reason that in quite a few jurisdictions, the restrictions on usury or the interest have normally stayed at the lower level of interest rates that were formerly established. The ultimate outcome of this is that debtors ...

Brazilian soccer had a significant place in the lives of the people who lived in different classes, that is, the poor, the working class, the government and the elites. Football and sports in general is said to have originated from England as a leisure activity for the upper crusts. It was considered an honor if an individual of color was allowed to watch or play soccer. Football in Brazil was brought by the Britain sailors and had social implications as well as distinct class and race divisions. It was an outlet of expression and a tool for identification in ...

Introduction

The phrase “the rich get richer while the poor get poorer” has become a worldwide anthem at many political and economic forums. While these facts are actually true very few or practically no one goes forward to act in a manner seen to strike a balance if anything many individuals are individualistic and greedy. Elite economists from IMF recently released a study on the causes and consequences of rising income inequalities. It is believed as a result of income inequality there could arise a myriad of complex problems, most of which touch and greatly impact upon the economic growth ...

Question 1

Microfinance’s have gained popularity among the many in the low-income category. Microfinance and microcredit facilities targets to provide poor people with small loans. The loan provided attracts low-interest rates and can be paid over a reasonable period without overburdening the poor to eradicating poverty. The services have been popularized by Nongovernmental organizations and social entrepreneurs between 1970s and 1980s. In Bangladesh Grameen Bank was the first to be established in 1976. The microfinance was founded by Mohammad Yunus, who is an economics professor. The professor targeted to eliminate poverty from the local villager hence, the model adopted by ...