...Assignment 2 - In your own words, interpret the data and note the shape of the distribution of the data provided from Case Study: World's Richest People (Chapter 2, p. 36). Sample | Category | Frequency per Category | Rel. frequency per category (%) | Citizenship | Mexico | 1 | 4.00% | | United States | 14 | 56.00% | | Spain | 1 | 4.00% | | Hong Kong | 2 | 8.00% | | France | 2 | 8.00% | | Sweden | 1 | 4.00% | | Germany | 1 | 4.00% | | India | 1 | 4.00% | | Italy | 1 | 4.00% | | Canada | 1 | 4.00% | From the frequency distribution table listed above, the country with the largest amount of the world’s richest people is the United States with 56% of the world’s richest people. It also shows that of the countries that have one of the world’s richest people, 7 out of 10 of the counties only have 1 of the richest in each country. Stem-and-Leaf Plot | | | Unit: | 1 | | | 0 | | 1 | | 2 | | 3 | 9 | 4 | 09 | 5 | 5678 | 6 | 345589 | 7 | 133779 | 8 | 2458 | 9 | 03 | Using the stem-and-leaf plot above you can see that the age range with the most of the world’s richest people is 60-79 years old. This plot also shows you a left skewed distribution. Also in a stem-and-leaf plot you can see the specific ages in the prominent age range that hosts the most individuals in the world’s richest people category. Using a histogram shows the view of the data and what type of distribution is used. A stem-and-leaf plot starts at 1 and...
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...Top Ten Richest Countries 1) Qatar : Qatar is the world’s most richest country with 102,768.69 as the GDP rate. It is very hard for other countries to compete with such a high rate of GDP assuming that Qatar will still be ranked as the most richest in the future. 2) Luxemborg : is the second most richest country in the world and also the richest country in all of Europe. The current GDP rate of the country is 80,679.06 3) Singapore : Third richest country is Singapore and it is one of the southeast asian countries that has made an incredible economic development. Its GDP rate is 60,883.33 4) Norway: Norway’s effective government is one of the reasons that Norway has a GDP of 55,264.46 and has been ranked as the 4th richest country. 5) Hong Kong: the current rate of Hong Kong’s GDP is 50,708.95. Hong kong is a Economic power of Asia and its stable political conditions have helped it earn this rank. 6) Brunei is the sixth most richest country developing in a high speed with the GDP rate of 50.526.35 7) USA: the American products that are purchased widely in every part of the globe has helped USA to reach into the top ten richest counties as the 7th with a GDP of 49,802.15 8) UAE: Its natural resources, particularly oil has helped this country to develop. It provides homage for the millions of people working in the UAE and send remittance back home. The current GDP of UAE is 48,992.47 9) Switzerland: Famous for its banking services around the...
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...The current issue and full text archive of this journal is available at www.emeraldinsight.com/0306-8293.htm A relationship between current globalisation, unemployment, inequality and poverty Wilfred I. Ukpere and Andre D. Slabbert Faculty of Business, Cape Peninsula University of Technology (CPUT), Cape Town, South Africa Abstract Purpose – This paper contends that there is a positive relationship between current globalisation, unemployment, inequality and poverty, which paves a vista for further academic discourse. Design/methodology/approach – As a meta-analytical study, the paper relied on secondary data. It is a qualitative study, which is based on conceptual analysis, theory building and “emic” perspective (authors’ viewpoint). Findings – A relationship between current globalisation, unemployment, inequality and poverty should be investigated further. Unemployment increases levels of inequality and poverty within society. Although bequeathed with various names and definitions, the logics of current globalisation seem to have exacerbated the problem of global unemployment, the corollary of which is endemic inequality and poverty. Practical implications – Increases in income inequality and poverty over the past decades, can be attributed to globalisation. Therefore, within the domain of unemployment, inequality and poverty in the era of globalisation, renewed problems of global competition, job termination, wage reductions, labour immobility and technological displacement...
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...idea on how to find a good and effective business. Nowadays, people find it difficult in looking for a right business. This seminar also gives tips and advices where to get business ideas from. The MANSOC team invited two speakers for this event. But for me, honestly speaking I find it more interesting when Mr. Jorge Azurin spoke and gave his talk to us. The topic he discussed is “Where to get your next start up ideas?” He said in 2050, Philippines will be one of the richest country in the world. Can you imagine that how the Philippines stepped up or improved from being one of the let’s say not-so poorest country in the world, ranked 58th in the World’s poorest countries. And to think, the country experienced a lot of calamities like the typhoon Yolanda and Ondoy tragedy. Is it possible that the Philippines will be one of the richest country in the world? Yes, because according to HSBC Global Research, their prediction is that the Philippines could become the world’s 14th largest economy by 2050 followed by Indonesia, Australia, Russia, Spain, South Korea, etc. HSBC projects that the Philippine economy is poised to grow by an average of 7% annually over the next 40 years. One advantage also why there’s a possibility that our country can be one of the richest country in the world is because of a large population. In conclusion, if a country has a large population then a lot of job opportunities and employment for the people, and this will result to the increase or improvement of the...
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...predicts a public uprising in the United States not unlike those we have seen in the Middle East "The richest one percent in the U.S. have the best houses, the best doctors, the best educations, and their lifestyle can’t be matched. The richest one percent earns 25 percent of the nation's total income, and if you look at the country's gathered goods, only one percent manages 40 percent of these. 25 years ago was the same figure as 12 percent and 33 percent. But the money has apparently not been able to learn the wealthiest to understand that their destiny in the long run is bound up with how the other 99 percent of the population lives. " The quote is from one of the world's most famous economists, the American Joseph Stiglitz, and can be read in the coming may-edition of the magazine Vanity Fair. Here is Stiglitz, who works as a professor at the University of Columbia in New York, taking an offensive attack on the increasingly unequal distribution of property and wealth in his country. All power to the top "All U.S. growth has benefited the top of society. When we look at difference in the United States, we now are lagging behind all nations in Europe, the countries we come closest in income distribution are Russia and Iran. Even the Latin American countries such as Brazil have been better to distribute the goods, lifting the poorest and close some of the gap between the richest and the rest," he says. The Nobel Prize-winning economist does not give much for the so-called...
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... Its customer’s type includes the rich and famous ranging from presidents, princes, celebrities, and business executives from all over the world. This customer market segment possesses special characteristics and can be described in several different dimensions. Those dimensions can be classified into qualifying dimensions and determining dimensions. The qualifying dimensions for this customer market segment includes their needs for a vacation destination that is safe and secure, private, comfortable, variety of leisure activities, relax, exclusive and far from public exposure. Additional qualifying dimensions for this customer market segment are top income earner which means the top 1% of the richest people in the world that are in the upper social class with occupation ranging from leader of countries, celebrities, top business executives and royalties. What set Ben Ohau Lodge apart from other vacation destination is its ability to fulfill the unique needs of this customer market segment which is also the determining dimensions. These determining dimensions include the secure, private, exclusive and far from public exposure that the lodge offers to its customers. The target customers of Ben Ohau Lodge are likely to be foreigner since one of the qualifying dimensions of its customers is the top 1% of the richest people in the world. According to Forbes publication on “The World’s Billionaires” in April 2012, there are only 3 New Zealanders in the list out of 1,153 billionaires...
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...the creator of Microsoft, the company responsible for the creation of Windows. Gates is also the richest man in the world, maintaining a net-worth of over $50 billion. The one thing Gates does not have, however, is a college degree. Following the shattering news announced last October that all of Bill Gates’ degrees were found to be void due to clerical error, people have speculated as to how Gates would handle it. The richest man in the world suddenly was the richest, least-educated man in the world. “It doesn’t surprise me that Bill doesn’t have a...
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...trade left with almost all of our money, all our knowledge and left us with a poor understanding of society and new and upcoming inventions and innovations which occurred in the world during that time. India, once called a land of paradise, a land which had wealth not only of monetary value but also in terms of our vast knowledge on science, medicine, mathematics, astronomy, trade, architecture, arts and sculpture and many other areas. Indian Kings should the world their wealth by building great many structures, acquiring rare diamonds, breeding white horses and gifting them to all the foreign dignitaries. Although it doesn’t feel like one, India was one of the richest nations in the world up to the 17th Century. In fact most of our country was attacked because of huge amounts of wealth and money that people had here. If history proves anything, it proves that in ancient times, India was the richest country in the world. The fact that she has always been the cynosure of all eyes, Asiatic or European, that people of less favored climes have always cast longing looks on her glittering treasures, and that the ambition of all conquerors has been to possess India, prove that she has been reputed to be the richest country in the world. Her sunny climate, unrivalled fertility, matchless mineral resources and world-wide exports in ancient times helped to accumulate in her bosom the wealth which made her the happy hunting grounds of adventurers and conquerors. Strabo (c. 63 BC-3 BC) Greek...
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...Correlation Between Economic and Moral Disparity “What good will it be for a man if he gains the whole world, yet forfeits his soul? Or what can a man give in exchange for his soul” (NIV Matthew 16:26). The Bible does not directly condemn monetary prosperity. However, Jesus warns that the love of riches leads men further from the Kingdom of God and into a false idolization of wealth. This monetary worship pulls man away from God, and tears the seams of brotherhood that bond men together. Today, this bond between men has never been so frail and apathy has never been so vigorous. Millions of people die every year from preventable causes, including hunger, disease and countless other conditions, all derived from poverty. At the same time the richest 80 billionaires have the finances to solve world hunger, substantially increase the prevention of AIDS and effectively eradicate malaria. Wealth in itself is not evil; however, when humanity places riches above its fellow humans’ lives, it has reached a sinful state. The world has accepted material wealth at the price of what has become a sacrificial morality and love for mankind. The goal of this paper is to prove that global trends of economic inequality are unjustifiable from an economic/social standpoint, Scripture, and the recent position of the Catholic Church. Financial inequality is no new concept to the world. Since the beginnings of civilization there were the rich and there were the poor; many would argue that this...
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...BIOGRAPHY OF ROBERT KUOK Date of Birth: Saturday, 06 October 1923 | Born in: / Nationality: Malaysia | Robert Kuok is a Malaysian billionaire and business tycoon who is currently the richest man in both Malaysia and Southeast Asia, with an estimated wealth of 17 billion dollars. He owns multiple companies in numerous fields of business—from sugar mills to food products, from farms and plantations to hotels and resorts. He is most known for owning the world-class Shangri-La Hotels, a chain of hotel-resorts that now runs over 60 hotels worldwide in cities like Tokyo, Dubai, Manila, Singapore, Kuala Lumpur, Hong Kong, Vancouver, and Paris. THE RICHEST MAN IN MALAYSIA AND SOUTHEAST ASIA Robert is also called the “Sugar King of Asia” for having 80 percent of the Malaysian sugar production, which accounts for ten percent of the total world production, under his control. Robert’s amazing story of rising up from poverty and becoming Southeast Asia’s richest person has become a shining inspiration for a lot of people. Robert is a firm believer of hard work, diligence, and a broad set of thinking. He believes that these traits allow a person to achieve their goals, and enable them to properly set the course of their life. Robert has a deep root in Buddhist and Communist beliefs, in helping others and how everyone has an equal opportunity of succeeding, but is hindered by so much corruption—not just in politics, but a corruption of the entire system of life itself. In his interviews...
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...“escaped the Ottoman Empire to avoid being forced into the army at age 14” (“Carlos Slim Helú Biography”). Good thing he did too, perhaps he would have never had been the father of the most successful entrepreneur in the world. Success to most people might mean a load of money, and although it is true money is a part of success, the true success Slim swims in is that of doing something he is good at, and makes a living from it. Throughout his life he displayed the characteristics of determination, perseverance, and a pleasant humble attitude. Slim proves that to get to the top, you have to be determined of what your dreams are, stay optimistic even when things do not look so bright, and when your dreams pull through in the end, stay humble. The life of Slim has not always been the brightest, but even through the dark times in his life and the brightest ones, by keeping those three characteristics, he pulled through the bumpy road of his life. Much like his father, Carlos is very intelligent, good with numbers, owning/fixing up businesses and making them worth a lot more money. It is true success that he indeed made it through an uneasy life, standing strong and firm without being wavered. His life story constantly encourages so many people around the world to continue striving for the best, especially since he started from the bottom and pushed his way to the top. In his life another thing that is...
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...found describes the issue that the middle class in America is no longer the world’s richest, and compares this issue with other advanced countries. It states that in recent years, middle class families in America were receiving meager raised income than counterparts were around the world, and most of American families were receiving unequally income. Those income data were analyzed by LIS, a group that maintains the Luxembourg Income Study Databases, and by The Upshot, a New York Times website covering policy and politics, and also reviewed by outside-academic economists. The United States used to be a leader of after-tax middle-class income country among all the developed states, but now the other countries, such as Canada, has more income of middle-class citizen than America has. Although the United States economy growth is strong in the world, only a small number of top-class families can benefit from it. In other words, most of American families did not reach the average income level among the advanced countries. This article claims three primary factors that drive the income grow slowly in the United States: slowly education attachment, unequally distribution in companies, and unaggressive government policies. Increasing income will push aggregate demand, and then will improve aggregate output as well as Gross Domestic Products. As Kathy, an ordinary salariat in this article, said, “people need to start in between to work their way up.” In macroeconomic topic, we also learned...
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...Caden Rohan advanced ELA I still don't know what to do for this part. Bill Gates “I will always pick a lazy person to do a difficult job because he will find an easy way to do it.” These are the brilliant words of Bill Gates. He is a good role model because he made some of the best software in the world, he donates tons to charity and is one of the richest men in the world. Bill Gates is a role model because he made some of the first and best computer software. According to the article “Bill Gates”, he had a “Boundless appetite for finding new ways to make electronics more useful”. This shows that he liked what he did thus making him better at programing. The editors at bio.com say that Bill Gates made Windows, which is a program most people...
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...efforts from soaps to software and created one of the biggest IT Company of India. Wipro has shown phenomenal growth under Azim Premji’s leadership and got transformed from hydrogenated cooking fats company to leading integrated business, technology and process Solutions Company. Wipro Technologies is widely recognised on a global scale and is the largest independent R&D service provider throughout the world. Wipro is also at the forefront of leading IT and software companies of India. Achievements – Azim Premji is the Chairman of Wipro Technologies and is among the richest Indian for past so many years. In year 2005, he was honoured with Padma Bhushan. He is a leading icon among the Indian businessmen and his story has inspired many budding entrepreneurs. He has achieved several milestones in his career and he was vote among the 20 most powerful men in the world in 2000. He was in the list of 50 richest people of the world from 2001 to 2003. He was also rated among the 100 most influential people in the world in 2004 by Times Magazine. He is among the list of richest Indian for so many years. He was honoured with Padma Bhushan in 2005 by the government of India. About wipro Wipro Limited (formerly Western India Products Limited) is an Indian multinational provider of Information technology (IT)...
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...countries poor? Income Inequality across the Nations The citizens of the 30 richest countries, occupying the top of the list, the variable of which is the GDP per capita across the world nations, enjoy yearly income exceeding $ 30000, while in the 30 countries placed at the bottom of the list, the average income per year remains below $ 2000 - These statistics provided by the International Monetary Fund(IMF) in 2012 indicate the persistence of a problem in the 21st century , on account of which the world has remain polarized for many centuries. Pointed out by these IMF –presented statistics is the income disparity across the world countries, an issue that has drawn the lines dividing the world and challenging its unity. The coexistence of the prosperous nations with flourishing economies and high income, which are mainly the Western nations and recently the states of the Far East, and the poverty-stricken third-world trapped into intractable socio-economic problems is one of the many striking contrasts of today’s world. At a time when the international development is discussed more than at any time in the history, the study of the reasons for the income disparity between the poor and the rich countries remains of great interest and importance for the world. Increasing the importance of such studies is the endeavors of the international organizations to redress the economic imbalance in the world. Despite the presence of a plethora of literature attempting to shed light on...
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