Analyse the Causes of Poverty in the World and Evaluate Attempts to Address it on a Global Scale Poverty is the state of being extremely poor and being inferior in quality. Nearly half of the world’s population‚ nearly 3 billion people‚ live on less than two dollars a day and the Gross Domestic Product (GDP) of the poorest 48 nations is less than the wealth of the world’s three richest people combined. Poverty can be caused by many issues particularly social and economic reasons. There have
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Global Poverty To be born into poverty without a choice is possibly one of the greatest misfortunes that any person can be victimized with. According to Howard Hubbard author of Fighting Poverty to Build Peace‚ “An estimated 1.4 billion people live in extreme poverty‚ defined as living on less than $1.25 a day.” It leaves a person with a huge challenge of survival and an extremely difficult task of creating a better future for themselves. To understand the implications of poverty across the world
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Global Poverty Around the world‚ in rich or poor countries‚ poverty has always been present. In most nations today‚ inequality--the gap between the rich and the poor--is quite high and often widening. The causes are numerous‚ including a lack of individual responsibility‚ bad government policy‚ exploitation by people‚ and business with power and influence or some combination of these and other factors. Many feel that high levels of inequality will affect some social cohesion and lead to problems
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Poverty is a serious issue that has been going on for centuries. Every day there are people who die due to hunger but there are solutions to reducing‚ and even stopping‚ poverty. Global poverty comes in an abundance of shapes and sizes. One of the main sources of poverty is the lack of investment in the future at all levels. The manufacturer outsources to China because he does not want to invest in long-term employees. The government does not want to invest in quality employees through education
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Account for the growth of TNCs and evaluate their impacts at the global and national scales (40 marks) A TNC (transnational corporation) is a company that operates in no less than two countries and has a global outlook. TNCs have a long history going back to the 16th Century in terms of trade such as spices‚ but it’s not until C. 1945 that companies started to form acquisitions and mergers. The one key reason why these businesses have been so successful in their area of expertise globally is because
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to the study It is estimated that one-fifth of the World’s population currently lives on less than a dollar a day (Annan‚ 2001). It is also estimated that around one-third of the people living in developing countries continue to live in ‘income poverty’ by earning less than one US dollar per day. This affects children and so nearly 12 million children die each year before their fifth birthday. This brings in the issue of human capabilities such as being illiterate‚ unhealthy and inadequately nourished
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Global Poverty & Realism Jinpeng Zhu 11/19 Global Poverty According to the World Bank (2015b)‚ from the most recent estimates in 2012‚ 12.7% of the world’s population (896 million people) lived at or below $1.90 a day. It was a decrease from 1990 which was at 37% (1.95 billion) and in 1981‚ at 44% (1.99 billion). Among regions‚ East Asia had the most decline in poverty from 80% in 1981 to 7.2% in 2012. In Sub-Saharan Africa‚ it stood at 42.6% in 2012 (World Bank‚ 2015b). East Asia and Pacific
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Solutions to Global Poverty There are different solutions to Global Poverty nowadays. Foreign aid is considered one of the most effective because it helps in pioneering new ideas for development and solves the budgeting problem that might ruin even the brightest project. There is considerable scope for improving on the current level of foreign aid‚ around $120 billion per annum. Another solution is tax recovery. Multinational corporations and wealthy elites minimize tax burdens so that poor
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A GLOBAL PROBLEM: POVERTY Poverty is one of the biggest problems of the world. It can be seen that poverty is almost everywhere. So we can see poverty even in rich countries. A research‚ which carried out at Oxford University in 2004‚ shows that %12 of the total population of the world earn 25‚000$-50.000$ per year and this group of people called high-income group. 30% of the total population of the world earn 5‚000$-10‚000$ per year and this group called average-income group. Lastly‚ 58%
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Business and Ethics on a Global Scale In a business sense the world is shrinking at a fast pace. With each passing day the global marketplace is becoming more appealing and more accessible. Although business may bring people together‚ culture is a dividing line that needs to be addressed in a thoughtful manner. When dealing business in other cultures it is important to keep traditions and differences in mind. Potential clients may have different perspectives as to what is ethical and what
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