...MACROECONOMICS ISSUE : POVERTY (POVERTY IN MALAYSIA) 1.0 MODEL FORMULATION: Y = β0 + β1INF + β2GDP + β3PGR + β7PCI + μi Y = Poverty INF = Inflation rate GDP = GDP growth rate PGR = Population growth rate PCI = Per capita income growth rate μi = Error term 1.1 OBJECTIVE OF THE STUDY 1. To identify and to observe the poverty rate in Malaysia for the past 30years 2. To use econometric analysis to analyze and to identify the statistically proven of the independent variables towards the dependent variables. 2.0 INTRODUCTION TO POVERTY .Poverty eradications and problems have become the main issues in Malaysia since 1970. According to the New Economic Policy in 1971-1990 and this continued in to the National Development Policy in 1991 until 2010. Poverty can be defined as a condition where a person’s basic needs for food, clothing, and shelter not being met. Poverty is generally of two types. Absolute poverty is synonymous with destitution and occurs when people cannot obtain adequate resources (measured in term of calories or nutrition) to support a minimum level of physical health. Absolute poverty means about the same everywhere, and can be eradicated as demonstrated by some countries. While for Relative poverty occurs when people do not enjoy a certain minimum level of living standards as determined by a government (and enjoyed by the bulk of the population) that vary from country to country, sometimes within the same country. Relative poverty occurs everywhere...
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...1.0 ABSTRACT This report objective is to identify the issues in finance. This report content is based on current issues about how Malaysia moves towards a middle-class society. This issue is interesting to studies since “aspirational” households that the largest group in society on Malaysia needed to take the challenge in moving to the middle class. This will be determining the ability of Malaysia to become a high-income nation by 2020 will achieve its target. 2.0 INTRODUCTION The middle classes from an economic perspective can be defined in two terms such as absolute level of income terms and relative level of income terms or a combination of two. For absolute terms referring to a specific income level which is equal for all countries,...
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...make no sense because the couples cannot reproduce an heir. Besides that, there are also different opinions on abortion. Muslims regard abortion as wrong and forbidden but many accept it may be permitted in certain cases. From my understanding, abortion on the ground of financial reason or not be able to take care of the baby when the baby growing up is a great sin in Islam. In my opinion, the mother should be allowed to abort her baby if it’s because of poverty. The reason is if the mother cannot provide the baby with food and shelter than there is no point of keeping the child. Every child deserves the basic needs to grow up. The reason I mention this is because I don’t view all issues from Islamic perspectives. Some of the things you just need to be logical and reasonable. My ideology would base on liberalism and use of Islam as an official religion and as an element of unity and amity towards people of all races, color and religion because Islam promotes racial equality. I consider myself a Liberal Muslim. However, with Malaysia been a multi-racial country and the people are free to practice different religion; it is not suitable to...
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...2007-1 Why Does Poverty Persist in the Philippines? Facts, Fancies, and Policies Arsenio M. Balisacan SOUTHEAST ASIAN REGIONAL CENTER FOR GRADUATE STUDY AND RESEARCH IN AGRICULTURE Science and education for agriculture and development Arsenio M. Balisacan SEARCA College, Los Baños, Laguna Tel/Fax: (63) 495362290 E-mail: post@agri.searca.org The SEARCA Agriculture and Development Discussion Paper Series aims to disseminate information on current trends or researches to inspire discussion between the author and other stakeholders in the same field of interest. SEARCA encourages readers to directly contact the author through the address provided or join the discussion board for this paper at http://bit.ly/searca-dps-2007-1. DISCLAIMER The point of view taken in this paper is entirely that of the author and does not reflect in any way, SEARCA’s position. INTRODUCTION A ddresing the widespread poverty problem is the single most important policy challenge facing the Philippines. Not only is poverty high compared with other countries in East Asia, but also its reduction is so slow that the country has become the basket case in the region. Proposals peddled to address the poverty problem are plenty—and keep growing. At one end of the spectrum are proposals contending that the root of the problem is simply the lack of a respectable economic growth. Putting the economy on a high-growth path is prescribed as all that is needed to lick the poverty problem. At the...
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...around the globe are capable of reaching the internet (about 1.7 million according to Nye), many are able to read online news, or even watch them live as they are being broadcasted. Thus, it is possible to associate the Egyptian revolution or the Arab Spring to globalization and information revolution. Acemoglu et al, (2012) also indicate that Egypt’s ex-president, Hosni Mubarak gathered a huge amount of Egyptian wealth (about $70 billion), and this greediness might explain why a generation of the information revolution—one that does not tolerate unaccountability in public sectors—took its anger to the Tahrir Square. The central argument of the authors of the book is that nations become poor predominantly because their leaders are absolute, and thus are not willing to share power or...
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...RE: Poverty "Poverty is defined relative to the standards of living in a society at a specific time. People live in poverty when they are denied an income sufficient for their material needs and when these circumstances exclude them from taking part in activities which are an accepted part of daily life in that society." Scottish Poverty Information Unit. The most commonly used way to measure poverty is based on incomes. A person is considered poor if his or her income level falls below some minimum level necessary to meet basic needs. This minimum level is usually called the "poverty line". What is necessary to satisfy basic needs varies across time and societies. Therefore, poverty lines vary in time and place, and each country uses lines which are appropriate to its level of development, societal norms and values." The World Bank Organisations. These are just a few of the different definitions of poverty from different views. The general definition is ‘the state of being extremely poor’ and/or ‘the state of being inferior in quality or insufficient in amount’. Absolute poverty is defined as the lack of sufficient resources with which to meet basic needs. Relative poverty defines income or resources in relation to the average. At least 80% of humanity lives on less than $10 a day. More than 80 percent of the world’s population lives in countries where income differentials are widening. The poorest 40 percent of the world’s population accounts for 5 percent of global income...
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...RE: Poverty "Poverty is defined relative to the standards of living in a society at a specific time. People live in poverty when they are denied an income sufficient for their material needs and when these circumstances exclude them from taking part in activities which are an accepted part of daily life in that society." Scottish Poverty Information Unit. The most commonly used way to measure poverty is based on incomes. A person is considered poor if his or her income level falls below some minimum level necessary to meet basic needs. This minimum level is usually called the "poverty line". What is necessary to satisfy basic needs varies across time and societies. Therefore, poverty lines vary in time and place, and each country uses lines which are appropriate to its level of development, societal norms and values." The World Bank Organisations. These are just a few of the different definitions of poverty from different views. The general definition is ‘the state of being extremely poor’ and/or ‘the state of being inferior in quality or insufficient in amount’. Absolute poverty is defined as the lack of sufficient resources with which to meet basic needs. Relative poverty defines income or resources in relation to the average. At least 80% of humanity lives on less than $10 a day. More than 80 percent of the world’s population lives in countries where income differentials are widening. The poorest 40 percent of the world’s population accounts for 5 percent of global income...
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...Contents Summery 3 Comparative Advantage theory 4 Theory of comparative advantage 4 Example situation of comparative advantage 5 Examples (Brazil, India, China -Russia) 6 Infant Industries 8 Operation of Capitalism 10 Conclusion 13 Recommendations 14 Bibliography 15 Summery The purpose of this report is to gain an understanding of different theories, ideas behind them and to show examples of how they are implemented. Report outlines the limitations to the idea that countries should be allowed to protect infant industries, like limiting it to a domestic market. Report also looks at Comparative Advantage theories explanation to countries varied fortunes, including the International trade theory and underlining the economic growth, because of the foreign trade. The last question that the report outlines is the economists believes on capitalism in regards to maximising welfare. As a result of the report it was decided to recommend the integration of producers of data categories into international chain. Comparative Advantage theory • How does the Comparative Advantage theory explain countries’ varying fortunes? Use examples to explain your answer. International trade theory International trade plays an increasingly important role in economic development. Throughout the post-war period be volumes of world trade rapidly increased, and their environments- Annual growth (1.5 times) faster than the global the first volume of production. As a result, on...
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...Philippines will miss goal of halving poverty incidence this year 9 13 Google +0 0 Core Benjamin E. Diokno | | THE PHILIPPINES will definitely miss its Millennium Development Goal (MDG) of halving poverty incidence by 2015. This follows from the official announcement last Friday that more Filipinos plunged into poverty in the first half of 2014, this despite the above normal growth during the last three years. RELATED STORIESCore -- Benjamin E. Diokno:"Tweak the Constitution to strengthen weakened political institutions"Core -- Benjamin E. Diokno:"Justify the P3-trillion budget"Core -- Benjamin E. Diokno:"We’re losing the war against unemployment"Core -- Benjamin E. Diokno:"A GREEK TRAGEDY"Glencore to exit Tampakan project | By contrast, our ASEAN-6 neighbors -- Indonesia, Malaysia, Singapore, Thailand and Vietnam -- have met this lofty goal many years ago. This suggests that our Asian peers are doing things right while we continue to muddle through. Philippine authorities pledged to halve poverty incidence this year -- from 34.4% in 1991 to 17.2% in 2015. In 2012, the last year the Family Income and Expenditure Survey (FIES) was done, the poverty incidence was 25.2%. It was 26.6% in 2006 and 26.3% in 2009. Nothing much has changed: one in four Filipinos is poor. The real poverty picture may be worse than what the official statistics suggest. In 2012, the poverty threshold was P18,935 per year, P1,578 per month, or P52.60 per day. That’s the height...
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...PSCI 2750 INTERNATIONAL RELATION DR. TUNKU MOHAR BIN TUNKU MOHD MOKHTAR SECTION 2 SEMESTER 1 2015/2016 “A RESEARCH ON INDONESIA’S INTEREST TOWARDS JOINING TRANS PACIFIC PARTNERSHIP” Prepared By: Muhamad Fadel Wijaya (1221665) Muhamad Fatih Azka (1311515) Ahmad Azzam Al-Qoyyimuddin (1313511) KIRKHS INTERNATIONAL ISLAMIC UNIVERSITY MALAYSIA TABLE OF CONTENTS 1st Chapter: Introduction A. Background...............................................................................................................3 B. Importance of the Topic...........................................................................................3 C. Research Question....................................................................................................4 D. Argument and Hypothesis........................................................................................4 2nd Chapter: Theoretical Framework A. Definition of Key Terms............................................................................................5 B. Literature Review......................................................................................................6 C. Collection of Data…………………………………………………………………………………….…..7 3rd Chapter: Case Study………………………………………………………………………………………….8 4th Chapter: Conclusion……………..…………………………………………………………………………11 References…………………………………………………………………………………………………………..12 CHAPTER 1 INTRODUCTION A. BACKGROUND President Joko...
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...Summary of the article. This is a summary of the “Make or Break for China” by Fareed Zakaria in the Time Magazine January,2014. In the article the Fareed begins by addressing 2014 is the year of the horse in China and list down the country’ problem before it becomes the world’s largest economy . A big part of Fareed’s focus in this article is about China’s challenges likes debt, pollution and corruption. In this article showed how China’s financial crisis and the global economy slowdown based on it’s economic imbalances . The basic economy’s problem is that for almost a decade, China's economic growth has been fueled by cheap credit and government spending--a classic developing-nation problem .The country’s total debt level was estimated at 215% of GDP in 2013.Besides financial problem, China also have serious challenges in environment. Air and water pollution has become a major public health issue in the country.The last challenges in 2014 is the corruption’s problem ,it seriously increasing among the Communist Party. According to this article, China’s president has launched an anticorruption campaign for this unethical problem . In closing, Fareed Zakaria says that ,he not ready to bet against China if China’s leader did not manage this transition well.If China’s leaders manage this transition well.the country will emerge stronger and more stable and become the largest economy in the world. INTRODUCTION International business is much more complicated than domestic business...
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...pART 1 NEW ECONOMIC MODEL FOR MALAYSIA NEW ECONOMIC MODEL FOR MALAYSIA pART 1 High Income Rakyat Quality of Life Inclusiveness Sustainability NEAC National Economic Advisory Council Level 5 & 11, Menara Usahawan Persiaran Perdana, Precinct 2 Federal Government Administrative Centre 62652 PUTRAJAYA MALAYSIA NATIONAL ECONOMIC ADVISORY COUNCIL NEAC www.neac.gov.my NEAC NATIONAL ECONOMIC ADVISORY COUNCIL CHAPTRE NEW ECONOMIC MODEL F O R M A L AY S I A 1 Part I: Strategic Policy Directions Copyrights Reserved All rights reserved. No part of this publication may be reproduced, stored in retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording and/or otherwise without the prior permission of: Secretary National Economic Advisory Council Level 5 & 11, Menara Usahawan Persiaran Perdana, Precinct 2 Federal Government Administrative Centre 62652 PUTRAJAYA Tel.: 03-8888 6512/ 8888 6513 Fax: 03-8888 4638/ 8888 4177 Email: secretariat.neac@pmo.gov.my www.neac.gov.my Sales copies are obtainable from: Percetakan Nasional Malaysia Berhad Jalan Chan Sow Lin 50554 Kuala Lumpur Tel.: 03-9236 6888 Fax: 03-9222 4773 Email: cservice@printnasional.com.my __________________________________ Cover design and layout by Percetakan Nasional Malaysia Berhad Preface This report is the first of two documents by the National Economic Advisory Council (NEAC) on the New Economic Model (NEM). This report presents...
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...NEW MARKET ANALYSIS PROJECT for Nabil Bank INTERNATIONAL BUS Contents INTRODUCTION 4 1.1 Background of the study 4 1.2 Need of the Study 4 1.3 Objectives of the Study 5 1.4 Methodology of the study 5 1.5 Process of Data Collection 6 THEORETICAL FRAMEWORK AND ORGANIZATIONAL BACKGROUND 6 2.1 Theoretical Framework 6 2.2 7 Qualitative Analysis of Organization 7 2.2.1 Mission Statement 8 2.2.2 Vision 8 2.2.3 Values 8 2.2.4 Objectives 9 2.2.5 Share Capital and Ownership 9 2.2.6 Share Ownership of NBL 9 2.2.7 Organizational Structure 10 2.2.8 Product and Services 11 2.2.9 Human Resources and Training 12 2.2.10 Awards and recognition 14 2.2.11 The Kamladi Branch 14 2.2.12 Analysis of Organizational Functions 15 2.2.13 Current Status of the organization 17 2.2.14 Current Problems 18 2.2.15 SWOT Analysis 19 ANALYSIS AND PRESENTATION 20 3.1 Remittance Distribution in Nepal 20 3.2 Remittance and Nepalese Economy 21 3.3 Major Players in the Market: 24 3.4 Remittance at Nabil Bank 24 3.5 Framework of Inward Sourcing Unit 25 3.6 Remittance Products of Nabil Bank 26 3.7 Process of Internship 28 3.8 Western Union 29 3.9 Western Union and Nabil Bank 32 3.10 Income generated by NBL through Western Union 33 3.11 Analysis of Statistical Data of Western Union 34 3.11.1 Average Daily Transactions 35 3.11.2 Average transactions from various nations 36 3.12 Nabil Bank and Sub-Agents...
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...Lien Centre for Social Innovation Social Insight Research Series Inequality, Poverty and Unmet Social Needs in Singapore A Handbook on A Handbook on Inequality, Poverty and Unmet Social Needs in Singapore Lien Centre for Social Innovation CATHERINE J. SMITH (Additional research and writing by John Donaldson, Sanushka Mudaliar, Mumtaz Md Kadir and Yeoh Lam Keong) As this handbook is intended to provide an overview of the arguments of others, the role of the authors largely consisted of compiling, arranging, and contextualizing. Further, the ideas expressed herein, which are various and often contradictory, do not necessarily represent the views of the handbook’s authors, or of the staff and Board of the Lien Centre for Social Innovation. Copyright © March, 2015 by Lien Centre for Social Innovation. All rights reserved. Published by the Lien Centre for Social Innovation Singapore Management University, Administration Building, 81 Victoria Street, Singapore 188065 www.lcsi.smu.edu.sg No part nor entirety of this publication may be reproduced or transmitted in any form or by any means, or stored in any retrieval system of any nature without the prior written permission of the Lien Centre. Readers should be aware that internet websites offered as citations and/ or sources for further information may have changed or disappeared between the time this was written and when it was read. Limit of Liability/Disclaimer of Warranty: While the publisher and authors...
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...Resources abound in africa but how to manage them well to take advantage of absolute and comparatives cost ADVANTAGES is the problem. Introduction Africa is endowed with a rich diversity of environmental resources. Some of these are geographical, terrestrial, aquatic and country-specific resources while others transcend national boundaries of two or more countries within the region or continent. Since World War II, Africans have embarked on the massive utilisation of their environmental resources for improving their quality of life and that of their global business partners (Frobel et al. 1988; French 2000). In spite of the abundance of these resources, local communities, predominantly smallholder farmers and pastoralists, whose production systems are based on Traditional Environmental Knowledge Systems (TEKS), are now unable to meet their basic needs, sustain environmental productivity and even have an equitable share of the global wealth (ADALCO 1990). The predominance of international trade over local needs fostered, among other things, specialisation in spatial production and exchange of goods and services on a global scale, what evolved today as theories of Absolute and Comparative Advantage. Consequently, it is evident that in some geographical areas, natural resources are still sustainably utilised, while in others there is evidence of environmental degradation or inefficient utiliatization (Stebbing 1935; Timberlake 1985; Blaikie 1989; Juma and Ford 1992; Rugumamu...
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