Innovation in BRICS Busines - Way of growth and sustainability strategy Chirinos Adriana Wuhan University of Technology, School of Management, Wuhan 430070 P.R. China （E-mail:adrianachirinos20@hotmail.com) Abstract: The last decade has presented a new global economic scenario lead by emerging markets. BRICS countries (comprised by Brazil, Russia, India, China and South Africa) have been at the forefront in this phenomenon. During these years, the real Gross Domestic Product (GDP) growth
Words: 2695 - Pages: 11
Course : CAES1906-G Name : Chan Ting Hong (Isaac) UID : 2010213837 Title : The Implementation of Goods and Services Tax : Destructive Effects Outweigh Benefits The issue of whether the government should implement Goods and Services Tax (GST) has been a hot debate in Hong Kong. The government stress that the tax will help broaden the tax base and secure the sustainability of tax revenue (Mak, 2006). They have also cited some examples from countries all over the world which have already imposed
Words: 1355 - Pages: 6
Income Inequality In Chapter 20 of microeconomics one of the main points to this chapter is to understand income inequality and what causes income inequality. The three points I think they are very important to understand income inequality is the definition, and two examples of what causes income inequality. Education and training and discrimination are two examples that can give a more visual perspective of what income inequality is. The definition to income inequality according to the McConnell
Words: 523 - Pages: 3
GINI Index GINI index measures the extent to which the distribution of income or consumption expenditure among individuals or households within an economy deviates from a perfectly equal distribution. A Lorenz curve plots the cumulative percentages of total income received against the cumulative number of recipients, starting with the poorest individual or household. The GINI index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage
Words: 388 - Pages: 2
Income inequality Name Date Abstract In any given population, there is a difference between what people within the population earn. The uneven distribution of income in any given population is income inequality. In order for there to be income, there has to be several sources of income. These sources of income may be combinational or independent per person receiving the income. Income may result from wages, rent, bank account interests, salaries or even profits made in business transactions
Words: 3040 - Pages: 13
Issues in inequality in non-income dimensions Achin Chakraborty Institute of Development Studies Kolkata 1, Reformatory Street, 5th Floor Calcutta University Alipore Campus Kolkata 700 027 India achinchak@rediffmail.com Abstract There are two basic approaches to measuring inequality in non-income dimensions. One views inequality as variation of an outcome indicator across individuals and the other views inequality as essentially
Words: 5018 - Pages: 21
MUMBAI. MAY 3, 2011 SOCIO-ECONOMIC CLASSIFICATION-2011 The New SEC system THE NEW SEC SYSTEM What is the new SEC system? How do we classify 01 a household in the new SEC system? 02 What are the advantages/ drawbacks of the new SEC system? How was the new SEC system 03 created? What are the 04 other systems that we considered? What is 05 the performance of the new SEC system? 06 07 Conclusion THE NEW SEC SYSTEM 01 What is the new
Words: 2818 - Pages: 12
Income Inequality and Economic Well Being Income inequality is prevalent in the entire economic global economy with its effects clearly visible in form of differences in pay scales, distribution per household etc. The economic well-being is not measured in the terms of income alone, but also by other factors such as satisfaction levels, education standards, quality of life etc contribute towards well-being. The causes of the income inequality broadly fall into two categories: the market forces
Words: 1670 - Pages: 7
● 01. 6 generalizations about institutions 1. People use institutions to serve specific ends. 2. They divide labor .3. Institutions save everyone's time and energy; in technical language, they reduce transaction costs. 4. Institutions exist independently of the particular people participating in them. 5. Institutions distribute authority. More power inheres in some roles than in others. 6. Participants will attempt to adapt it to their own purposes; but they are difficult to change. ● 02.How do
Words: 7682 - Pages: 31
I have never thought about being a student of economics three years ago before I applied for my undergraduate university. I was the Chief Editor of my high school’s newspaper and I was dreaming about becoming a journalist who builds a better world for the poor and the need and bring equality and prosperity to those less favored community. Three years of Economics study teaches me many things. Among them, the most important one is that there is another approach to the my goal. Many predecessors of
Words: 283 - Pages: 2
