In 2007, around 70% of the population lived under the poverty line, states the United States Central Intelligence Agency’s World Factbook. Many children are dying because of diseases. They have so little money and have health care facilities that are in substantial, that lead to the children with the diseases unable to be cured or treated. According to World Bank (2008) World Development Indicators 2008, CD-ROM, Nigeria’s infant mortality rate has not drastically changed and its 2005 infant mortality rate is about the same as todays. (Poverty in Nigeria: Some Dimensions and Contributing Factors) Unemploy... ... middle of paper ... ...on that can be taken place is sending some teachers that were willing to go to Nigeria and having them teach the Nigerians, so that their education rates increase.
Since its openness to the global market and trade liberalization in 1991, India’s labor laws have been pushed to be less restrictive on companies and private capitalists. The nation’s tariffs continue to be high with still restrictive investment norms (The World Bank Group). Economic factors With a GDP of $1.842 trillion in 2012, India is one of the fastest growing economies (The World Bank Group). Another determinant of a country’s competiveness level is its exchange rate; the Indian Rupee decreased to 60.92 this March from 62.10 in February 2014 per USD. The Indian Rupee averaged 32.51 since 1973, with a maximum rea... ... middle of paper ... ...gger demand.
(Gaiha, R & Vani K., 2006) India’s birth rate has been on a steady increase over the past decades. Being an overpopulated nation there is a lack of workforce in India. Many believe the solution to this problem rests on the development of more companies or present companies creating newer jobs to employ workers. This will accommodate more opportunities for workers in India, as the unemployment rate in the country has been high in the pa... ... middle of paper ... ...arily designed to help bring the poorest populations out of poverty. (Sharma, A.
India is supposed to be the retailing hub for various goods and products with the highest density of variety of shops. The Indian retail industry was and continues to be, highly fragmented due to its organized and unorganized retailing. Retailing activity is fast growing and changing in India in the recent past, which is started with economic reforms, liberalization and globalization. Owing to an economic reform, India may not be able to stop entry of foreign retailers or foreign direct investment (FDI) in the retail sector. The organized retailing is a recent development in India; it refers to corporate backed and retail chains and hypermarket and privately owned large retail shops.
Poverty remains a long term continuing condition for around 30 per cent of India’s rural population. rural poverty has declined over the past 30 years because of rural to urban migration. Poverty is more between the members of scheduled castes and tribes in the rural areas. In 2005 the scheduled castes and tribes groups accounted for about 80 per cent of poor rural people, even though their share in the rural population in total is much smaller. the poorest areas of India are in parts of Rajasthan, Madhya Pradesh, Uttar Pradesh, Bihar, Jharkhand, Orissa, Chhattisgarh and West Bengal.
This drastic rise in FDI is due to the help of changing potentials and economic policies that are happening in the developing countries worldwide (Alesina and Dollar, 2000).Investors are more likely to invest their money on more profitable places,it would not be reasonable for companies to invest on less profitable countries. Moreover, the
For instance, if a local market does not expand in a given year and does not increase profits, it’s share price falls. Thus, it is always looking to increase profits, build more shops and takeover more businesses. Modern businesses have an explicit set of essential values; nevertheless, the most significant factor is technology. The information technology may have streamlined the business processes, but also lead to unemployment, retrenchment and nonperformance. According to this, unsuspec... ... middle of paper ... ...
Still, although India has more GDP than UK, over half of the 4.962 trillion dollars get used in agriculture. Very little is saved for service, which is more required rather than, industry or even agriculture. The UK, however, spends over eighty percent of their 2.378 trillion dollars on their service. This leaves India with many unfulfilled needs. With this low economy the gove... ... middle of paper ... ...rnment was brought down with the unstable economy.
The population of Pakistan has increased from 33 million – 152.53 million in 2004-2005. According to one estimate, Pakistan’s population will almost double in the next 32 years at the current growth rate of 1.9 % . Higher population growth supplies more workforces in the market and given the low economic growth in the past it creates fewer jobs hence giving rise to unemployment and ultimately increasing the poverty .Which than affects the economic growth of Pakistan . So now you can see that how overpopulation is a social problem , increases the economic pr... ... middle of paper ... ...mount. Now this is said to many subordinate officers and they afterwards tell their subordinates that he expects an amount of 1.5 hundred thousand rupees per month.
Most of the countries in Africa there are well over 50% of people below their poverty line. For an example, Lusted states, “In developing regions, extreme poverty is usually defined as earning less than $1.25 a day. In the United States, extreme poverty means earning less than half of the official poverty line” (10). But Africa isn’t the only country struggling with poor people. Poverty and Homelessness by Merino writes, “...3.7 percent in Denmark, 5 percent in Finland, 5.5 percent in Norway, 6.9 in Slovenia, 7 percent in Sweden, 7.2 percent [in] Hungary, 8.3 percent in Germany, 8.8 percent in the Czech Republic, 9.3 percent in France, 9.4 percent in Switzerland” (32).