We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Economic Policy Recommendarion - Research Paper Example

Comments (0)
Summary
Running head: economic policy recommendation 28th November 2013 Introduction One of the notable social issues that are affecting the economic development of any country is poverty. In their efforts to mitigate the economic obstacles such as unemployment and low demand of products and poor quality of education, developing countries are faced with high level of poverty…
Download full paper
GRAB THE BEST PAPER
Economic Policy Recommendarion
Read TextPreview

Extract of sample
Economic Policy Recommendarion

Download file to see previous pages... Relative poverty on the other hand, refers to the economic inequality that is experienced in a particular society. In the early times, poverty was a common social problem not only for the developing countries but also for the currently developed nations. The increased poverty level was not only due to insufficient and inadequate methods but also it was largely caused by the low demand of the products thus causing low production in the factories. Absolute and relative poverty are measured in different ways. According to the World Bank, $1.25 per day is the threshold for measuring absolute poverty. However, the threshold has been controversial based on the various thresholds used by some countries. For example, in 2010, the US maintained its threshold at $15.15 per day while China placed its threshold for absolute poverty at $ 0.55 per day (Banerjee and Esther, 2011). During the same year, India maintained that its threshold was standing at US$ 1.0 per day. On its part, relative poverty is depicted by the level of income inequality. It is measured by the percentage of individuals with income that is less than the median income. This paper seeks to discuss the impact of poverty and give policy recommendation on how this social problem can be solved using an economic policy. Impacts of poverty to society Poverty affects a society in different ways. One of the key effects is hunger. Due to lack of adequate funds to purchase food produce as well as lack of sufficient factors of production that includes land, labor, entrepreneurship and capital as a result of poverty, members of the society experience reduced food. The problem of hunger especially in some African countries results to illnesses that are caused by lack of vital nutrients for body growth. Another impact of poverty is unemployment. Despite the increase in population, poor countries have not adequate financial resources to initiate investment that acts as major sources of employment. As a result, high percentage of the members of the society remains jobless thus leading to low households income and low purchasing power (Babb, 2009). Similarly, due to low income that the poor families are get either monthly or annually, they do not see the need for education. They in most cases use their low income to purchase cheap food products. As a result of lack of adequate education, and vital skills, the poor members of the society are not eligible to be employed thus raising the level of unemployment in a country. Poverty causes discrimination within a society. For example, due to their strong financial position, high income earners segregates their poor counterparts both in schools, hospitals and even in making decisions that affects the entire society. On their part, the poor individuals experiences low self esteem and inferior aspects that deteriorates their condition (Kerbo, 2006). Based on the increased cases of illnesses among the poor countries, the governments incur high costs in the form of low productivity and high financial expenditure on health care. Ultimately, such governments have to seek for grants from other countries or by increasing domestic taxes thus exerting more pressure on their economy. An economic policy solution to the poverty problem Based on the negative implications of poverty to the society and to a country as a whole, it is fundamental for ...Download file to see next pagesRead More
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
South Florida Economic Policy Recommendation Paper
The region of South Florida comprises of three countries namely Monroe, Miami-Dade and Broward. The three international gateway of the region serves the purpose of tourism and commerce gateway. The region is the part of the seven county South East Florida region.
9 Pages(2250 words)Research Paper
Institutional Factors in Economic Policy Change: a Case of Germany and U.K
The author of this research informs that political partisanship plays a critical role in the formulation and implementations of monetary and fiscal policies in the U.K. Arguably, every political party pursue different monetary policies. Politics therefore plays a critical role in influencing and enacting financial policies of a state.
8 Pages(2000 words)Research Paper
Expansionary Economic Policy
The proponents of this view also dispute that cutting costs in comparison to raising taxes would play out as a more effective method of heightening the economic development and in the least reduce misinterpreted contractions. The above arguments in most instances refer to the recent empirical studies of deficit decrease across nations around the world.
5 Pages(1250 words)Research Paper
The political and economic foreign policy developments of the United States in the 19th century from the idea of Manifest Destin
The Manifest Destiny was an idea conceived by the American government in the 19th century, and its ideology of this view was that North America was intended by God to be ruled by Americans of Anglo-Saxon origins. The real meaning of this idea is that it was God’s plan that the USA be at the forefront in pushing for democracy and industrialization in that particular region.
5 Pages(1250 words)Research Paper
How do diplomacy,economic policies and military action work together in the United States foreign policy
This she realized has to be achieved by ensuring that her economic advancements are kept at a higher level as compared to that of the other nations of the world. Upon this realization, the United States has been involved in the establishment and the growth of her economy to supersede that of the entire world.
12 Pages(3000 words)Research Paper
US Economic Policy Impact on Asian Economies
This paper focuses on the qualitative evaluation of U.S. current economic policies towards Asian economies. In the age of globalization, the growth of the developed nations became sustainable and the scope for progress of the developing nations improved. The changes in the state of affairs in US greatly affected the Asian economies.
6 Pages(1500 words)Research Paper
Economic Development
an planning is a diverse activity in scope that primarily deals with designing urban environments through control and monitoring of land use in urban areas (Levy 243). Social, economic and political factors are integral to urban planning. An effective economic development-urban
1 Pages(250 words)Research Paper
Policy
It is only through the presence of compliance policies that health and safety officers are in a better position to follow how an organization’s staff members follow their work codes while at work. A health and safety compliance policy is there to
3 Pages(750 words)Research Paper
Expansionary Economic Policy
These changes would affect the aggregate demand , gross domestic product and employment. In expansionary monetary policy, the Federal Reserve Bank (The Fed) changes the required
8 Pages(2000 words)Research Paper
Economic
The top ten ranked countries with the AAA ratings include Australia, Denmark, Canada, Germany, Singapore, Finland, Luxembourg, Switzerland, Sweden and Norway
3 Pages(750 words)Research Paper
Let us find you another Research Paper on topic Economic Policy Recommendarion for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us