Future Economists

Seeds of future prosperity lies in today's children,
Let's join our hands to nurture the seed,
To its fullest growth,
for the greater welfare of Society.
Let's be united to remove the
poverty and corruption.


Tuesday, February 18, 2014

How to reduce poverty?

Grade 9 Business










________________________________________________________________________
Case Studies based Question

Please read above mentioned news articles and use the information in preparing your article for the given question. I will appreciate if you use other referenced information in support of your answer.   

 

  Explain the important indicator of Development. Evaluate the important approaches under taken by a government to reduce the proportion of population with lower human development.
[Can select any country]   

Last date for Submission: 

February 23rd,  2014

Please Write Your Response in 500 Words
Note: 
1. Write with references.
2. Market evidences in support of your reasons.
3. Marks allocation for this article is 20
    Rubrics for Marks.
    A. Theoretical Explanation 5 Marks
    B. References. 5 Marks [Use Harvard referencing style]
    C. Use of Key words. 5 Marks
    D. Examples from various Markets 5 Marks

8 comments:

  1. Celine B
    9 Business
    source:
    Poverty are people who are insufficient amount which they can't afford goods to eat or use, there's 2 types of poverty; absolute poverty and relative poverty. , Relative poverty refers to the insufficient lack of income when compared to the average standards living. As such, relative poverty implies that the individual has the ability to support their basic needs, but may lack the in their resources. while Absolute poverty is the complete lack of resources.
    Poverty is a very bad indicator for economic development, the more the poverty the more the expenditure that the government must provide. One way to reduce poverty is to give them free goods such as public and merit goods so they can get an adequate living, education and experience. Human population decreases because of the lack of hygiene, low facility, low hospitality etc, poverty is affected with many "diseases" (when the poverty has lack of hygiene they will get diseases quickly and it would be fatal), "dishonesty" (when the poverty lies so they can get more services from the governments and goods), "apathy" (when people don't care, or when they feel so powerless that they don't try to change things,or to improve conditions), "ignorance" (lack of education and experience in the world) and dependency on the government, that's why the Governments will need to provide them with enough free education and health care and hospitality, one reason for a low economic development is have an insufficient investment in education skills and health care, or low level of infrastructures, if governments want to reduce poverty and increase economic development, they must fix the factors which they are bad in; like lack of capital, trade dominance, dependency of agriculture, lack of efficient production and distribution system for goods and service or even high population growth.
    To improve the economy, the governments must mainly improve the physical and knowledge on infrastructures, then give food to the poverty. World Bank figures show that some 600 million Chinese have been taken out of poverty in the past 30 years. UN World Food Programme officials believe Beijing's success with its home-grown methods of reducing poverty and increasing food production can help other developing nations.The number of poor people globally fell from over 1.3 billion in 2005 to under 900 million in 2010, and by 2015, that number could fall below 600 million.
    another factor is to slow the pace of poverty and hunger reduction points to an urgent need for strategies that better target the areas where poor people live and the activities on which their lives depend. A successful strategy for alleviating poverty and hunger in developing countries must begin by recognizing that they are mainly rural phenomena and that agriculture is at the heart of the livelihoods of rural people.

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  2. Development mean the countries is still growing at the physical to improve the countries infrastructure such as roads,railways,transportation,and others.The developing countries have a good infrastructure but a developing countries have a low quality of infrastructure therefore the government in the developing countries is trying to build and promote heir infrastructure.Developing countries is too dependence n their primary sector since they doesn’t have a lot of knowledges because of the poor education rate.The level of GDP is low and the rate of inflation is high in developing countries.

      The developing countries that experience the rise in income will also experience the increase rate of obesity sice they have the ability to buy the food that they want to.So the government should provide the food that contain a high nutritional value compared to the food that have a high calories that will cause obesity and bring a lot of health problems as we can see at the chart (http://www.bbc.co.uk/news/health-25576400).

      The government should also provide a better infrastructure for the countries such as electricity,water sanitation system,education,and health care at the reasonable prices for the people.As we can see in Burma the government is trying to provide a good electricity to the people,so they can run their activities such as business,educations  well at anytime.But it will be hard for the government since there is a lot of violence and the countries that will discourage the overseas firm to invest in the countries.

      It would not be an excuse for the developing countries to reduce their development cooperation contributions because of the global crisis.Since this mean they have a less productivity(export less),and the investment from the overseas firm will reduce since there is unstable economic growth and decreasing of productivity in the country.

      The government can reduce the population that have a low Human Development Index by giving them education & training.The government can do this by providing infrastructure to the poor people by giving them a subsidized goods&services so they can still spend some money on education for their children.Therefore the government need to collect revenues by imposing more tax to the foreign firms.

      The government should give the people education so they can develop their product into a more valuabe goods&services if they can produce their products into a finished products by their own.The government can give subsidies to the farmers for ex in Indonesia the government can introduce them to technology and machine so they can farm a better qualities & efficient goods.

      The government can develop a countries by giving the people in the countries education and subsidies to their primary needs especially the poor people they need a lot of help from the government ,so the government can give a higher tax to the rich people,that money will be used to help the poor people.The government should also provide a good infrastructure so people can increase their productivity and they will be more motivated to work.

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  3. Poverty happens in many country around the world, poverty happen when a persons earns under $1 per day. Poverty is one of major indicator of economic development. Poverty happens with many factors such as low education in the country, low infrastructures, etc. Poverty is one of the major indicators for economic growths the other indicator are GDP per capital, literacy rate, life expectancy, and percentage of people work in witch sector such as primary sector, secondary sector or territory sector.


    Government tries to decrease poverty in the country in many ways but not all of them are working very well. Government give many subsides to the poor people so they can buy there needs the money comes form the tax that the high or normal income / wages, the poor people do not need to pay tax the government do this so the money they have more money so they can buy there needs or maybe wants. The government builds a better in infrastructure such as hospital, toll road, hydroelectric dam, etc. the infrastructure can provide new jobs so they can work and earn money to buy needs and give better transportation, communication, facility etc. government give free health care to decrease the amount of death rate and decrease there expenses. All of government interventions are good but this entire makes poor people depended to the government, without the government they can do noting by doing intervention government needs to spend money makes expenses for government increase. Rather than giving government want to decrease the population in the country such as Indonesia they make KB (keluarga berencana) program they give condoms, spiral, IUD, pills, etc. to prevent sperm cell meet the ovum and fertilize the ovum become embryo. Government giving this to decrease the number of pregnant woman, But some religion doesn’t allow the persons using does kind of things. Government also gives a police minimum age for woman and man married to prevent early married to prevent pregnant woman. Give regulation one family can only have one chilled if they have more fee or tax the money goes to government to improve the society by building infrastructures such as toll road, hospital, water hydraulics, etc. government try to decrease the population so there will be enough space for every persons to live, higher population makes the natural resource decreasing more faster because there are more needs to be fulfill if the natural resources low the price of the goods will be increase because the aggregated supply lower than aggregated demand. Inflation will raise and the wages for human worker are decreasing because there too much human work force and the supply of jobs are limited.

    Government tries to decrease the poverty by decreasing the population and many other ways. Decreasing the poverty can help increasing the economic growth of a country so the country have a better quality of life and makes all the citizen happy. :D
    -100% Unique Content
    -source: notebook, article, wiki KB http://id.wikipedia.org/wiki/Keluarga_Berencana, BBC news TV

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  4. CHRISTHOPER MATTHEW (9Bus./ 03) (23/02/14)

    Plagiarism Check (based on http://smallseotools.com/plagiarism-checker/): 100% Unique Content.

    (Matthew C., 2014)
    For a country to develop, various factors are needed to be achieved, but the factor influencing a country’s growth and development is its POPULATION. Economically, there are three important factors from population that is used to measure a country’s development: life expectancy, literacy rate and GDP (Gross Domestic Product) per capita.

    The first important factor to take account of population is the life expectancy. Life expectancy itself describes the country a lot. Higher life expectancy reflects the better infrastructure and development of the country, as better hygiene, nutrition and education will increase life expectancy. Secondly, life expectancy will also describe the dependency ratio of the country. Dependency ratio can be calculated by number of workers over the total population of the country. So the longer the people in a country can live, the number of workforce won’t decrease even though the total population might be increasing, which is a good sign for the growth and development of a country.

    The second indicator of population, literacy rate, means the rate of people in a country who is able to read and write. This reflects the seriousness of the government in giving education. Giving education to young children will also be a plus point for the government as they will be more productive in their work later on, producing more for the country. For them to learn manners and ethics will also reduce the chance of kids/ teenagers in taking alcohols/ drugs, suiciding, and there will also be less crimes as these young kids and teenagers are being taught how to earn money legally.

    The last indicator of population is the GDP per capita/ per person. This also reflect the living standard of average people living in a country. The higher the GDP per capita in a country is, the better the living standards and infrastructures of a country is. The higher their incomes are, the more decent their livings are. Sufficient incomes means they can get proper nutrition, hygiene and a decent living. The higher their incomes are also means they were productive enough in their work that they get a high salary. That way, government will also earn more revenues, which can be used for the country’s growth and development.

    But apart from all these advantages, there are also limitations towards having a high population. First, overpopulation with a limited number of resources means that prices of goods and services will rise as demands increase while supply stays the same. This will also create a larger gap in inequality as the rich will buy as many supplies as they can and leave the poor with nothing, so they can’t buy the goods and services they wanted. So, government should provide the poor with more public goods and subsidies, but these will increase government expenditure to build basic infrastructures to meet the increasing number of population. Less government revenues means there’s less to develop the country.

    To sum it all up, it will be best if the number of population is balanced, in other meaning not too much but not too little, which won’t be healthy for the government and the country. All government should do is to cooperate well with the citizens to make the country a balanced and equal life for everyone to live at peace.

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  5. Name: Valerie Lie
    9 BUSINESS
    There are three main development indicators to indicate whether a country is in poverty or not, developed or developing. Poverty depends on each of every country's economy, BOP an inflation. We can't indicate a country that it is poor by only one of the indicator like india, according to GDP per capita it is a poor country but in buying golds, it is the second in the world.
    There are economical policies used to reduce poverty. Government can do investment in irrigation project, irrigation project will deviate the dependance of farmers. So, they will have all of the irrigation facilities if the depend upon nature, nature fail then irrigation fail, but due to irrigation facilities provided by government it will give the production at high level. Government also can import food grains because due to falling aggregate supply of food grain, prices of food grain increases, government can import and sell it at low price level.
    Instead government can also invest money on infrastructure development in those times, making roads in rural areas that are not having any roads or schools. Food conservations also could be provided. whenever there is food shortage leftover from the farmers, government will buy it and sell it at low prices. Equilibrium will be there. Government also can create educational or technical programs, the problem is that farmers are not educated but they are very productive for example french farmers they are very productive but they don't have that skill to sell it directly to the consumer. Government needs to educate them to be more productive on using new machinery, some farmers are still doing an old method like using cattle which slows down their production. Farmers need to be train using new methods of farming and skills to sell it to the consumer.

    Sources: notebook

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  6. originality: 100%
    -Valerie Lie

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  7. Christian 9B
    There are many type of development indicators such as GDP per capita, literacy rate, poverty rate and life expectancy. The development indicators can decide if the country is developed or developing, developing country usually have low GDP per capita, low literacy rate and high poverty rate.
    GDP per capita is low in Indonesia, government can reduce it by lower the tax, giving subsidies to food and gasoline and giving subsidize public transportation, this is a pretty big problem because the poverty rate in indonesia will increase if government don’t increase the minimum wages. Sometimes one person that get a minimum wages have wife and many children, this will cause poverty because they can’t eat a healthy food and the children can’t go to school.
    Literacy rate in indonesia is pretty low because there are many people that don’t get the opportunities to go to school, even government school is free but some people cant afford to buy their children a uniform or school books, government have to give free books and uniform so children that don’t have money can go to school, and government should give a rule that every childern should go to school or they will go to jail, like in Finland.
    Poverty rate in indonesia is still high because the minimum wage is pretty low, some people have a family that consist wife and children, and if the wife doesn’t work, they cannot buy proper food and education, so the poverty rate will increase, but government should give a higher minimum wages and give a big subsidize to main food such as rice.
    Life expectancy is pretty standard in Indonesia, its about 57 years, if government want to increase the life expectancy, government should give a free health care to everybody and also a cheap medecine so people can live longer and increase the life expectancy.
    So human development indicators is very important to decide if the country is developed or developing.
    source: textbook
    Originality:100%

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  8. Development and growth of a country depends on some very important factors. There are quite a few factors that can affect the development or growth of a country in a positive or negative way. Every country's aim is to keep growing and developing. However, problems can be encountered due to the population rate, literacy rates,etc. Therefore, developing and growing has been quite hard for the government.

    One of the ways for the government to control population is by decreasing human development. This means that qualities of living of the average population is decreased. Educations will be less improved and less important, food might be scarce, sanity won't be something important,etc. Minimum wage per area might also decrease. This causes people to think twice before having kids(increasing the population) because of all the expenses they have to pay with less wage. Also, by the lowering of standards of living, demand for luxury goods might decrease and some shops' sales might experience a decrease as well. This causes more people to even consider more before deciding to populate the earth.

    However, government should also consider the side effect of lowering human development. The economy can't grow really well if human development and standards of livings is decreased because this causes people to demand less and it will not be good for the business. The economy will grow very slowly by then. Also, when people decrease standards of living, they tend to think twice before having a baby. When many couples decided to not have babies(increase population), work force might not be enought for work offers available in a country due to the lack of population. Wages will increase very high and business' cost will be higher, market price will increase, and inflation will happen.

    So, government could control the population by decreasing human development. It might discourage families to have many children. However, the government should also be ready if those actions cost a country's disgrowth.

    Source: Textbook, Brain

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