Global Majority E-Journal‚ Vol. 1‚ No. 2 (December 2010)‚ pp. 97-106 The Caste System: Effects on Poverty in India‚ Nepal and Sri Lanka Jasmine Rao Abstract Though mostly outlawed‚ the caste system continues to be one of the key drivers of poverty and inequality in South Asia. This article reviews the linkage between poverty and the caste system in India‚ Nepal and Sri Lanka. It also discusses the situation of the so-called Dalits (untouchables)‚ which are typically considered to fall
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The structural unemployment in the Bahamas Tourism and banking which are the Bahamas’ primary and secondary industries are owned by foreign sectors‚ the gross domestic product is at $3065130000 and total household income is at $1793372500. The Bahamas suffers from Dualism which is the doctrine that reality consists of two basic opposing elements‚ often taken to be mind and matter (or mind and body)‚ or good and evil. There should be a dualism by types of ownership whether a foreign sector or Bahamian
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Abtract The colonization of India and the immense transfer of wealth that moved from the latter to Britain were vital to the success of the British Empire. In fact‚ the Viceroy of British India in 1894 called India “the pivot of our Empire …” I examine the effects of the Industrial Revolution on the subcontinent. Besides highlighting the fact that without cheap labor and raw materials from India‚ the modernization of Britain during this era would have been highly unlikely‚ I will show how colonial
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country is facing today‚ the problem of unemployment is one of the most serious Unemployment is defined as condition of a person who is willing to work but unable to find a paying job. There are various factors that are responsible for unemployment i country. Unemployment can be due to seasonal layoff particularly in agricultural sector. It can be due to technological changes in an automated industry or due to lack of adequate skills by the workers. Unemployment can also be due to fluctuation in the
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Skill Development and Unemployment Unemployment is a curse to any economy. It destroys productive resource. It impedes growth in the country. It generally reduces output and aggregate income. It increases inequality creating a gap in between employed and unemployed. Apart from lost output‚ there is a personal cost attached to the unemployment. In developed countries due to high unemployment allowance‚ short term unemployment may not affect a person much but in long term its effect is a personal disaster
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M2-Compare how cultural differences and foreign business environments affect multinational corporations In this report I will be stating the differences of how Tesco function in South Korea compared to how they function in the United Kingdom. Tesco have to adapt to the local culture‚ traditions and tastes and have to recreate an environment in which shoppers will feel at home. Tesco’s local adaption strategy in South Korea involves selling products and services based not on the UK experience‚ but
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one compared to the one without experience. * This scenario reveals that‚ there izs a skills gap between what skills are required by employers and what skills graduates have. * Lack of experience and skills are also causes of graduate unemployment. private sector today is not interested in recruiting local graduates because they lack essential skills‚ such as proficieny in English and interpersonal skills. 1. Economy Firstly‚ the economy factor also causes why fresh graduate unemployed
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assalamualaikum‚ One of the common challenges faced by Malaysian multinational company is cultural diversity. Culture is the learned‚ shared way of doing things in a particular society. It is the way‚ for example in which its member eat‚ dress‚ greet and treat one another‚ teach their children‚ solve everyday problems‚ and so on ( Schermerhorn‚ Hunt‚ Osborn 2003). Cultural diversity in workplace refers to the range of differences between individuals in an organization. It affects the way in
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It has been argued for decades that long term foreign assistance is unfavorable for the development of the recipient nation. However‚ there are some countries that have shown positive effects of foreign aid. India can be regarded as this type of country. According to Global Issues Journal (2011)‚ India is one of the biggest recipients of long-term foreign aid in the world and mainly supported by donors‚ such as the United States of America and the United Kingdom‚ and international organizations‚
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consequences of unemployment * Improve the current account position Less spending on imports Some products for the domestic market will be sold to the export market instead Good because it may increase AD * Hysterisis -The hysteresis effect describes a possible consequence of a country experiencing persistently high rates of long term unemployment. Hysteresis means “to be behind” and it relates to the economic costs of unemployment because of the damage that unemployment does to the skills
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