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A Recent Economic Article - Research Paper Example

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Description of the Work: The article entitled “A fall to cheer” was published in The Economist on March 3, 2012 and proffered pertinent issues relative to the decline in global poverty. Written in just one page composed of eight paragraphs and two bar charts representing…
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A Recent Economic Article
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A Recent Economic Article

Download file to see previous pages... The article was thereby written to enhance the public’s awareness on the first time that global poverty level has exhibited a decline since the 2005 level. According to the report, much of the decline was to be attributed to the economic progress reflected in China, which disclosed that more than 660 million people were released from the poverty level since 1981. Likewise, it was emphasized that the figures from the report reflected the poorest of the poor, having to contend with subsisting using about $1.25 per day and $2.00 per day, as indicated.
C. Personal Verdict: The report was therefore successful in achieve its objective of quantitatively reflecting the decline in the global poverty level using the bar chart and explaining that most of the credit was due from the improved economic conditions in China. As shown, from the 2005 level, there was a decline of 8% in the number of people living below $1.25 per day to its 2008 level. As emphasized, the factors that were contributory to the improved level included improved social programs, counter-cyclical fiscal expansions, and poverty-reduction policies.
D. Personal Opinion of the Whole Work: Personally, the results were indeed a fall to cheer or be enthusiastic about since it reflects the seriousness of governments all over the world to address the poverty situations through collaborative economic, fiscal and social programs – which apparently, have succeeded so ...Download file to see next pagesRead More
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