...We can deduce that quality of living are better in the USA, UK, New Zealand and the Czech Republic as these are the 4 countries with the highest National income per capita and the ones that seem like reasonable places to live. The USA is, according to the GNI per capita statistics, the country with the best living conditions with $43740, however, this is not necessarily accurate as the US has no free health care system and high crime rates among other faults which makes the worlds largest economy weak compared to the UK and New Zealand where the GNI may not be as high as America’s but people have longer life expectancy, less crime and free health care... China, which is by far the most populated country in the list, and in the world, has the GNI per capita $1740, which is pretty pathetic. China is an up and coming country economically, however there are serious issues that need to be addressed before you can call the giant a reasonable place to live and be treated like an equal. It is very difficult to compare Tanzania, Kenya, and Pakistan to the other nations simply for the lack of products and capital in these countries. Even though there might be raw goods in the countries with great possibility, these countries are run by corrupt governments where the lack of capital makes it difficult for growth to be a reality. This makes it obvious that the standard of living in these countries is terribly bad. The four top countries in the list have a percentage that is next to nothing...
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...International Economics 3307AFE Group Assignment | Extend the table 1.3, examine the openness for various countries and analyse the relationship between the openness and the faster long-term growth in standard of living | (Makin, A.J., 2002, p.10) | | | | Sanjeev Henny s2760582 Yu-Ting, Lin s2672341 Yen-Ting, Lee s2768300 World count: 985 | With the increasing globalization of most economies, there is consequently more focus on understanding how international integrations influence macroeconomic performance. Economists use numerous indicators to measure the degree of an economy’s openness. One of the common indicators is the percentage of trade as a share of gross domestic product (GDP). It is the sum of exports and imports of goods and services measured as a share of GDP. (World Bank, 2013). This essay will firstly generally examine the degree of openness for various countries by using the percentage of trade as a share of GDP. It will then outline Singapore as the most open country, Brazil as the least open country and the most rapidly increased openness: Hong Kong. Finally, it will examine whether the degree of openness is correlated with faster long term growth in standard of living. In advanced economies, there are many kinds of methods to analyse an economy’s openness. There has been one commonly used indicator which is the percentage value of the sum of exports plus imports as a share of national product. (Makin, 2009...
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...located on South American continent. The acute poverty results in certain issues that need to be addressed, thereby allowing Bolivia to grow into a prosperous nation. Analysis & Discussion What are the Main International Management Problem(s)? After viewing the video, it is found that the major problem lies in the poverty and lack of education of its people and the corruption of its politicians (Buckley, 2009). There are many reasons why other countries, both within and outside of the region, would not want to see Bolivia prosper and increase its financial potential. Many of Bolivia’s neighbors are economically stable and their strength grows yearly. On the other hand, Bolivia itself is going in the opposite direction i.e. the standard of living in this country is extremely low (Eun and Resnick, 2007). One of the biggest problems or issues associated with this managerial problem is the lack of education within the region (Folsom, Gordon and Spanogle, 2001). Many large businesses based in other countries would like to keep Bolivia totally deprived from the education. This lack of education allows them to take advantage of the local population. One reason that is playing a vital role is the fact that most of the foreign businesses leaders believe that if Bolivia begins to...
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...Submitted By: Ali Tahir Roll Number: FA14-EMBA-034-CVC Assignment 2 ------------------------------------------------- Do you think that Higher GDP shows higher standard of living? Explain your answer with logical justifications. Higher GDP does not show a higher standing standard. GDP does not measure happiness, or well-being, or what economists call utility. As a gross measure, it aggregates data for a geographic area, ignoring important distributional questions and individual preferences. It does not account for the value of a nation’s stock of assets and liabilities. GDP is not a good measure for the well-being of a nation because more populated countries generally have a higher GDP whereas the people as a whole may not be enjoying a high living standard. Some reasons how this is justified can be: 1. Free time or leisure is not included in GDP analysis. While someone may be happier only working three days a week, that additional day off will reduce the GDP value. It is possible for very industrious country have a very high GDP, but its entire people could be overworked and sick which would turn to a poor wellbeing number. 2. GDP measures total production for a nation, and GDP per capita gives an average amount of output per person. However it does not tell how GDP is divided among its residents. 3. Some services and products included in the GDP measure actually lower our well-being. When expenditures on services are made it doesn’t necessarily...
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...back in history we go, it seems to become more primitive. Observing the photo of the soldiers in their living quarters brings a realization to how relatively spoiled soldiers at war today really are. Although none of the soldiers in this specific photo look particularly displeased, they don’t have any comparison to give as this is the only standard of war they know. You can tell each soldier was a very hard working individual. In the photo, you can see soldiers participating in various laborious activities from sweeping to chopping wood. Everything was more involved than it is today with a much lower quality of living during the Civil War. To me, this single photograph goes a long way in telling the story of the life of a soldier during the Civil War. Others could take a look at the photograph and gain a better understanding for the hardships of the Civil War and further appreciate those in the military today. We can also gain a better appreciation for the improved living standards for any United States campaign today. Of course, technology has come a long way for us to look at this photo and find it hard to believe that this is how war was conducted, but to see it in a photograph really makes it real. I strongly believe photographs are worth a thousand words, and can, at times, teach more than a text book is able to. Going further into the difference in the standards of living during the Civil War and present day can clearly be seen in the photo of an on-site amputation being...
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...Community development is the process through which the efforts of the people themselves are united with those of change agents, with the main aim of transforming the society from an undesirable situation to a desired situation. A desirable situation in this case can be referred to be a situation in which the different people involved get to a better living standard. On the other hand, Economic Development implies progressive changes in the socio-economic structure of a country. It means a process where nations achieve higher standards of living, often through the increase of the real national income and also the per capita income of the individuals in an economy for some period of time. It occurs in a long time period and involves the change of different aspects of the economy. Economic development has many qualitative and quantitative indicators such as economic growth and Human Development Index. In fact, It is important to recognize that economic development and community development are not the same. Community development is a process for making a community a better place to live and work. Economic development is purely and simply the creation of wealth from which many community benefits are created. There are certain factors which affect community development and economic development. One of these factors is the role the government in the given region plays. The government plays a big role in development of all sectors in an economy including the community. Resource...
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...packaging changes and other green initiatives, despite the fact that the company’s lobbying efforts and PAC have successfully defeated environmental laws and regulations, including extension of the Superfund tax, which was created by Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). Based in New Jersey, PharmaCARE maintains a large manufacturing facility in the African nation of Colberia, where the company has found several “healers” eager to freely share information about indigenous cures and an abundance of Colberians willing to work for $1.00 a day, harvesting plants by walking five (5) miles into and out of the jungle carrying baskets that, when full, weigh up to fifty (50) pounds. Due to the low standard of living in Colberia, much of the population lives in primitive huts with no electricity or running water. PharmaCARE’s executives, however, live in a luxury compound, complete with a swimming pool, tennis courts, and a golf course. PharmaCARE’s extensive activities in Colberia have destroyed habitat and endangered native species. PharmaCARE has many stakeholders in the company, which impacts the way business is conducted within the company. A stakeholder is defined as...
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...Quality of Life mean • Quality of Life Assessments AKDN • Group of 11 development organizations with diverse development mandates • Primarily works in the poorest parts of South and Central Asia, East and West Africa (30 countries) • Adopts a Multi-Input Area Development (MIAD) approach in selected areas • Seeks to improve the Quality of Life of people living in program areas • Long-term perspective and commitment 3 Multi-Input Area Development • Initiated in 2007, the QoL assessment program includes subnational regions in six countries where AKDN takes a Multi-Input Area Development (MIAD) approach • MIAD: multi-input with enough strategic investment to address key determinants of QoL • MIAD should improve development of an area the economic, social and cultural • AKDN’s multi-sectoral capabilities and long term engagement make this a viable strategy • Key question: Are the pooled efforts of agencies, working with partners, influencing positive changes in the QoL of a given area’s population? The Overall Goal • • Going beyond material standards of living, health and education • Including positive values and norms in the organization of society – pluralism and cultural tolerance – gender and social equity – civil society organization and good governance • AKF aims to improve the quality of life for beneficiaries in the Mopti Region, one of the poorest in Mali The Overall Goal of AKDN is the improvement ...
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...Something that I`ve often wondered about with some people is why they decided to start their own business. And I saw almost every business owner living a great life, then I can find out my answer that working for others just make themselves rich-business owner grows richer and richer while the employees are just living a normal standard of life. So, I decided that one day I would become a business owner either. From that time the idea starting the own business popped into my head. So, what business would I like to start? What will I do in order to reach that goal? And why do I want to start up my own business? In a matter of fact, the standard of living ,so do the quality of life in Cambodian is getting higher from day by day .After hard-working ,on holiday more people need to go to the joyful place that can distract them from their stress; natural resort is an appropriate place for them to go. I want to build a luxurious resort which surrounded by the beauty of a giant grape garden. When we look outside, it is just a traditional one, yet everything will be opposite when we got into the garden. The shape and other everything in it will be designed with the beauty of grape, but also keep the modern style. Moreover, my business idea is not only play the role as a resort, but grapes are also the raw materials to manufacture many things such as wine, grape juice and so on. I want to build factory for manufacturing this grape. I can supply of raw material by the grape...
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...Relationship of GNP and Living Standard Phuong Le SUNY Morrisville State College Project 2- Part 2 Part I: Description of the data set: I collected data from Journal of Statistics Education (JSE). Its original data set which is named “The Statistics of Poverty and Inequality” includes birth rates, death rates, infant death rates, life expectancies for males and females, and Gross National Product for 97 countries in the world divided into 6 groups (97 observations, 8 variables total.) However, I just took 6 variables: infant death rates, life expectancies for males and females, Gross National Product, country and country groups. Variables Descriptions: * Country: 30 countries were taken randomly. * Country groups: divided into 6 groups 1= Eastern Europe 2=South America and Mexico 3=Western Europe, North America, Japan, Australia, New Zealand 4=Middle East 5=Asia 6=Africa * Infant deaths per 1000 of population under 1 year old * Life expectancy at birth for males * Life expectancy at birth for females * Gross National Product per capital in US. Dollars Part II: Description of Statistical Analysis: * Descriptive: Numerical, tabular and graphical * Inferential: Sample Part III: Description and Interpretation of the RESULTS: 1. Gross National Product per capital in US. Dollars: Groups | Gross National Product | 1 | 12132 | 2 | 12110 | 3 | 108290 | 4 | 8548 | 5 | 12030 | 6 | 1430 | Total | 154540 | ...
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...ON “STANDARD LIVING OF BANGLADESH ” Submitted to- Md. Rezwanur Rahman Associate Professor Department of Management Carmichael College, Rangpur. Department of Management Carmichael College, Rangpur. Submitted By- Md. Amin Hossain Class Roll: 4092 Roll: 9818619 Registration: 1768100 Mobile: 01744480430 Submission Date: ............................. Letter of Transmittal Shehab Jil Karnine Lecturer Department of Management Carmichael College, Rangpur Subject: Submission Of Term Paper Sir, It has been a great pleasure to submit my Term Paper of successfully on Standard living of Bangladesh. I am trying to make the best collection of data Standard living of Bangladesh. I have invested my every effort to represent the management process of Dhaka EPZ. I have aimed to use this report for the academic purposes only. I will be grateful and pleased as well having any suggestions, directions or recommendations for further improvement of the Term Paper. I hope my Term Paper will satisfy you and I would also like to thank once again for your kind assistance in this regard. Yours sincerely Md. Amin Hossain Class Roll: 4092 Roll: 9818619 Registration: 1768100 Mobile: 01744480430 Acknowledgements At first I must convey my sincere gratitude to my respected teacher “Md. Shehab Jil Karnine” who was my department advisor during the internship program. It was because of his thorough guidance that...
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...Standard of Living over Time Today's Standard of Living have change a lot. My grandfather told me that many things aren't invention when he was young. Such as smartphone, HDTV, computer, xbox and so on. But today almost young people have these things. He said people have a big problem about food. There were severe famine in his hometown. People didn't have enough food, let alone go out to eat. I can't imagine how hard the life is in that years. The technology was underdeveloped in that years, so they didn't have AC. And things were very cheap because people's wage was so low. it just 2 RMB per day. Because the wage was so low, so people didn't have much money for entertainment. They always went to forest to hunt. He said this is the most happy thing for entertainment when he was young. When i asked him was there anything better about life back then, he told me the environment and people's health. Even though technology is so advanced at today, but more pollution are existing. He think today's standard of living is higher than he was my age, because people can use more advanced technology, buy a lot of goods to make the life be comfortable. And a lot of place can use for entertainment. In my opinion，people's wages go up, even though the prices of goods also go up, but the real cost of living goes down than before, and the technology develops so fast. So i think these cause the standard of living to rise over...
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...Economic Freedom and Living Standards April 24, 2008 Research Paper Sweden, Ivory Coast, India, North Korea, Singapore, and Brazil April 24, 2008 Research Paper: Sweden, Ivory Coast, India, North Korea, Singapore, and Brazil A country with a free economy have a higher standard of living than countries with poor economies. The standard of living can be determined by the overall economic standing, policy or reforms, political, social, and cultural conditions that a country displays. These factors can be measured in different ways such as the GDP, population, history, and various sources. In this paper, I will examine the economic structure of six countries and emphasize factors that contribute to the standard of living. Sweden Sweden is the world's 27th freest economy. According to the 2008 Index of Economic Freedom (IEF), it has an economy that is 70.4% free. Services, industry, and agriculture account for 59.8%, 38%, and 2.8% of GDP (World Factbook). It relies heavily on international trade, accounting for more than 50% of GDP. Main exports include paper products, machinery and transport equipment, and chemicals. The population is 9 million with a GDP of about $308.9 billion. Citizens are provided with a broad spectrum of public services and social welfare benefits that guarantee a minimum living standard and all residents are covered by national health insurance (Soldenberg). It is known to have one of the highest living standards in the world. Factors...
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...The Industrial revolution had the long term effect of greatly improving the living standards for common people in Britain. There is however a constant debate on whether or not the British living standards rose during the early part of the Industrial Revolution (1770-1850). The optimists generally believed that the industrialization brought higher wages, and a better standard of living. T.S. Ashton suggested that for the majority of the population, the gain in real wages was substantial, and outweighed the negative effects brought by industrialization. Pessimists argue that the quality of life for workers deteriorated greatly between 1780 and 1850, with very limited improvements for some skilled sectors before the 1870’s. This purpose of this paper is to analyze the debate from an economic and social perspective. We will examine both arguments and prove that although there was a rise in real wages, that rise was not as high as many optimists believe, and that the rise in real wages did not mean that the living standards of the average citizen were necessarily improved. This paper will substantiate that the benefits resulting from the rise in real wages, did not outweigh the costs that followed. We will examine how pollution, poor working conditions, and an overall lack of basic human rights and equality, plagued the British population and did not initially raise the living standards of the average person in Britain. The majority of debates between pessimists and optimists...
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...Living standards- from 1970s to 2006 In the 1970s many people didn’t need a phone or even invest in one due to mobile phones not being as technological are they are in the 21st century. For instance the percentage of mobile phones in 1970-72 were 0%. This number then still stayed the same in 1981 with 0% owning a mobile phone. However in 2006 35% of the population did as big companies began to improve and invest in these devices, boosting consumer spending on mobile phones. In addition to this automobiles in the 1970s weren’t as expensive and again technological as they are in the 21st century, as a lot of motorways weren’t built in the 1970s yet. In comparison to this infrastructure began to improve through the decades and more people began to purchase more big ticket items such as cars as more jobs became available and the standard of living rose. This then ment that the in 2006 the number of vehicles using the motorways were 75.5 thousand, daily in comparison to only 28.5 thousand in 1971 (a big difference of 47 thousand vehicles). Moreover in the 1970s jobs weren’t at the standard wage as what they are now, a medical practionar in the 1970s earned just over £670 per week which seems like a lot but back then bread and other essentials were also a lot cheaper back then. However in 2006, a medical practionar earns over £1245. That is a huge difference of over just under 50%. This then meant that many peoples standard of living rose and so there appetites changed and people...
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