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This is because, poor people around the world seldom access financial services through the formal sector, and hence, they are forced to venture into informal financial dealings which are in the form of micro-finance services (Gulli 50).
The history of Micro-finance dates back to hundreds of years. Credit corporations and lending unions have been in existence for many centuries. However, the pioneer of modern micro-finance is Dr. Mohammad Yunus, who in the 1970s started experimenting with the idea by using women in rural villages of Bangladesh. Yunus began lending affordable loans to the women, and they would later return at an interest. The women benefited from the loans because they were able to begin community projects that generated income for them. The profits enabled them to pay back the loans. Later in 1983, Yunus founded Grameen Bank, one of the world’s greatest micro-finance banks currently. Yunus won the Nobel Peace Prize in 2006 due to his efforts of improving the lives of poor women in Bangladesh. Innovation in micro-finance has continued over the years, and currently, it has been established that micro-finance solves economic problems of people in developing countries. Current estimates by the World Bank reveal that approximately 160 million people that live in developing countries benefit from micro-finance (Armendariz 67).
Comprehensive studies have demonstrated that micro-finance indeed works. Research has shown that micro-finance continues to assist poor individuals in developing countries to meet basic requirements, and protects them from any potential risks. These financial services have enabled low income earners to improve their quality of life and enhance their enterprise stability. Most Micro-finance Institutions (MFIs) target women, for example, Grameen Bank targets Bangladeshi poor women. This is of benefit as it contributes to women empowerment, and ensures that
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The comparison is carried out between these two factors. In the ratio of Ann’s to peter’s case, Ann has a lower utility function than peter because peter is on medication. The amounts that peter will spend on medication makes him more vulnerable in spending.
In this research paper, the employment status in Sweden will be deeply investigated within the framework of the economic development in the country since the 1970s till the present day. In order for the economic analysis of Sweden to be valid and realistic, widely-agreed upon indicators, such as the HDI, HPI, the Gini coefficient, and the Lorenz curve, will be used.
The public’s demand for the two company’s products and services generated projected gains. Before the merger, several financial analysts opined that the proposed merger would be very successful (Baumol, 2011). Many quarters predicted the business after the merger will be rosy.
investment, energy, materials and labor. The best example of labor and land production in agriculture can be seen in the Green Revolution. The Green Revolution that spreads 40s to 70s has seen the new grain techniques that lead to significant production across the world.
One of the significant areas of economics especially is macroeconomics which is a branch of economics that deals with the problems of a particular country or economic region comprised of several economic agents acting with their individual economic behaviors and the evaluation of the policies taken by the government of these countries in order to tackle those problems (Adams, 2002, p.
vaccinations against infectious diseases). Briefly suggest how government might intervene to correct this under-provision? 5 (C) The Consumer Price Index (CPI) is the official measure of inflation in the United Kingdom. Why might CPI not be an accurate measure of the costs of living for any given individual consumer?
Macro & Micro economics Introduction This paper presents an analysis of an article named “China economic growth lower than forecast” published on 15 April 2013 by BBC. This report explains that China’s growth rate has been lesser than the growth rate that the country had experienced in last three months of 2012 (in the first quarter of 2013 Chinese economy grew at the rate of 7.7% while it was 7.9% in October-December quarter of 2012).
Macro & Micro economics Introduction China is one of the fastest growing economies in the world. Being the second-largest economy, China has shown tremendous growth in the last three decades. According to the estimate of 2012, China’s GDP is US $12.38 trillion (CIA, 2013).
Macro & Micro economics Contents Contents 2 Introduction 3 Causes and Mechanisms of the collapse of the world trade 3 Current Trade Policies in Response to the Global Recessions 7 Policy responses on negative impact on the trade balance were implemented in the UK 8 Effectiveness of the EU trade policies in the long run 9 Conclusion 11 References 12 Introduction The Great Depression was one of the most severe economic downturn that the world faced during the twentieth century in the pre-World War era.
As we know that global car industry is passing through rapid change and lots of external (macro) factors as well as internal (micro) factors affecting the overall industry. Similarly we will chose two players (incumbent firms) to analyze that how their strategies so far make them successful and in near future how they are going to change/modify their strategies to remain competitive in the market.
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