Analysis of the Impact of Low Incomes on Society - Research Paper Example

? Low income Introduction In this paper, the discussion is on the issues which fall under the matter of low income effectsand how the same can be dealt with in the society. The summaries will be done together followed by a section under which those summarized articles will be analyzed. The analysis will be conducted in such a way that original thoughts will be given to show how the focus of each article affects lives at both the local and the global scale. The best instances are those that an individual would be expected to clearly outline the necessary procedures and techniques in the best ways possible so as to be used to the differing types of client populations and how the same can be effectively applied in managing one’s income in times of crisis (Badry, 2009). As human beings, it is imperative that one feels validated by other people and respected in all circumstances. This reality is particularly true in the moments when one is expected to meet up to the crisis situations in relation to their income levels and opportunities. The lack of professional competency in handling matters of income in one’s society may greatly portend to a situation in which one may have appeared as lacking interest in their own income status especially with regard to lack of adequate skills and in situations when their poverty levels are seriously low. Hence, it would be expected to have genuine and effective communication in relation to one’s economic status as this will greatly help in the determination of better living standards for that particular moment and situation. However, there is a benefit in the engagement of professionals from the economic field as the same would greatly engage a person into the analysis of their wealth/economic conditions and greatly help in the motivation of such into the acceptance of the lack of cultural competency especially in matters that relate to level of income in the society. In an article by Cunningham (2003), there are certain suggestions towards the development of appropriate measures that can be applied in militating against the harsh economic conditions. These may include among others one’s cultural perception of their income levels, their social standings in the society they live in and the impact of their own thinking in relation to their behavior, during a crisis such as those related to income matters. Therefore, the intention of this would be to integrate the necessary measures that can help in the determination of essential survival means in such a crisis situation. If at any point one would want to analyze this situation, then the first and most appropriate question would be to as on what a crisis is, and how it is likely to affect the life of an individual. For example, if one is asked on how the ratings for crisis management in their locality would be especially in relation to the nature of economic status, the same would be in ensuring that they have a clear understanding of the situation as it is, as well as the nature of wok involved in such a situation. Diversity issues and their impact on societal crisis management It is exceedingly crucial to a professional who wishes to enhance their work relations in line with those of the society from which they come from to ensure that they are made conscious of the various means by which their own income issues can and will affect the society, and the best alternatives by which they can apply in enhancing their own solutions to income crisis management. Consequently, when such methods of self evaluation are to be applied, it will be quite essential that the professionals come in to the aid of the society and intervene during the crisis moments so as to enable the quick management of such among the poor in the society (Choudhry, 2004). It is also principal that a stakeholder in the management of economic crisis has clearly defined objectives for the resolution of low income issues.  The second is devoted to methods of disaster mitigation. The centerpiece of the article is zooming in on the difference between a hazard and a disaster. For a hazard to ferment into a disaster mitigation has to come into or go out of play. The article observes that the country’s Human Development Index has a lot to say about the kind of efforts which can be made to drive a wedge between the hazard and the possibility of ending up with a disaster. While both rich and poor countries have made progress on the earthquake front, when it comes to storms, the difference in wealth begins to make an impact. Of all the mitigation measurements that the article discusses under the building subheading, it is the insurance option that is most intriguing. The intrigue derives from the sophistication with which premium calculations are based on the level of risk that a given building is at in as far as being destroyed by an earthquake is concerned (Loukoianova, Unigovskaya & International Monetary Fund, 2004). While natural disasters undoubtedly cause bodily harm to their victims, there’s a subtle effect that can be reflected upon by using the mitigation measurements of insurance. By choosing to insure, the person in question has already contemplated the occurrence of such a disaster. Such meditations are inevitably tempered by the individual’s philosophical outlook. While there are various ways of looking at the issue, the great divide is between those who believe that events on Earth happen by the say-so of a Divine power, and those who do not. When a person chooses to insure a building against the effects of a natural occurrence such as an earthquake or a storm, the implication is that whether the person acknowledges it or not, there’s an evident urge to survive the forces of nature If that urge is extrapolated, it therefore follows that such a person does not entirely surrender to the Force behind those forces. Put differently, efforts to mitigate natural disasters are disguised acts of opposing the ‘will of God’. If then such a person comes out shouting how much he/she believes in the existence of an Almighty, eyebrows of thoughtful listeners rise in chorus. In the audience, there will those who pause and wonder just how piety can be achieved parallel with disasters mitigation. If the logic established thus far is stuck with, disaster mitigation becomes more problematic than it has been portrayed. Either that or the suffocating ubiquitous profession of faith in God has no sincerity to it (Fabozzi & Fabozzi, 2007). Conclusion This paper has undertaken a review of various ideologies as has been presented by various scholars in the field of income management and analysis especially with regard to disasters and management of the same. It has been shown that while all types of disaster may occur, earthquakes are accompanied by the largest number of victims primarily due to the collectivization they visit with. Further, various routes which can be taken to safety in the wake of a disaster have been revealed. In the analysis part the ideas propounded in both articles have been shown to stand at the crossroads of geology and philosophy. To paint he picture, the attitudes which lead human beings to take such measures of mitigation as insurance have been contrasted with the philosophical positions that most people appear to take. This analysis has opened a field of study that with seriousness can lead some of the most intriguing conclusion. References Badry, D. (2009). Multinational companies in low-income markets: An analysis of social embeddedness in Southeast Asia. Wiesbaden: Gabler Verlag. Choudhry, M. (2004). Advanced fixed income analysis. Amsterdam: Elsevier Butterworth-Heinemann. Cunningham, J. (2003). A “cool pose”: Cultural perspectives on conflict management. Reclaiming Children and Youth: The Journal of Strength-based Interventions, 88-92. Fabozzi, F. J., & Fabozzi, F. J. (2007). Fixed income analysis workbook. Hoboken, N.J: J. Wiley. Loukoianova, E., Unigovskaya, A., & International Monetary Fund. (2004). Analysis of recent growth in low-income CIS countries. Washington, D.C.: International Monetary Fund. 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