Transport: Poverty and World Export Markets Essay

Submitted By LIXIANGXIANG

Words: 353

Pages: 2

Open Document

The gap between the rich and poor nations of the world is increasing. The figures used most frequently are those from the UNDP 1999 Development Report, which found that over the past ten years, the number of people earning $1 a day or less has remained static at 1.2 billion while the number earning less than $2 a day has increased from 2.55 billion to 2.8 billion people. The gap in incomes between the 20% of the richest countries in the world and the 20% of the poorest countries has grown from 30 to 1 in 1960 to 82 to 1 in 1995.
By the late 1990s the richest one fifth of the world’s population had:
• 86% of world GDP (Gross Domestic Product) — the bottom fifth just 1%.
• 82% of world export markets — the bottom fifth just 1%.
• 68% of foreign direct investment — the bottom fifth just 1%.
• 74% of world telephone lines, today’s basic means of communication — the bottom fifth just 1.5%.
Critics of globalisation say that rising inequality is the inevitable result of market forces. Given free reign, market forces give the rich the power to add further to their wealth. Hence, large corporations invest in poor countries only because they can make greater profits from low wage levels or because they can get access to their natural resources.
What is the role of the Internet and communications technology in globalisation?
Although the internet started off as a communal medium for sharing information, principally among academics, it is increasingly becoming the tool of transnational

Sisal Production In Madagascar

very desirable fibre that has been excesiively harvested from the 1960s for its use in rope, twine, paper, carpets and several other uses. Like all markets, sisal production must be considered in terms of its social, economic and environmental impacts. Sisal production started in Brazil, and production there has only increased, accounting for 47.0% of world production. Plantations have spread, however, to Tanzania (15.3%), China (14.1%), Kenya (11.5%), and Madagascar (3.8%). To extract the fiber used…

Words 1609 - Pages 7

Essay about The Australian Economy

resources Australia has to offer. Australia has extensive reserves of coal, iron ore, copper, gold, natural gas, uranium, and renewable energy sources. All the monetary numbers in this report are in U.S. dollars. The Overall Economy Australia has a market economy; therefore private ownership plays a big factor in this nation. The Australian economy grew for 17 consecutive years before the global financial crisis back in 2007. However the Reserve Bank of Australia cut down interest rates to historic…

Words 1529 - Pages 7

Globalisation in Developing Countries Essay

What have been the main effects of globalisation on Less Developed Countries (LDCs)? In response to the ill conditions in most of the western world after the Second World War, many countries adopted Keynesian style economic strategies in an attempt to regain a certain level of stability between labour and capital. Welfare states and international capital controls were adopted and enforced through government intervention in the hope of achieving a state of full employment and thus demand. The regulation…

Words 3020 - Pages 13

Human Influence on Sustainability in Ecuador Essay

environmentally diverse in the world. Ecuador is bordered by the countries Columbia and Peru. Quito is the capital city of the country and lies at an absolute location of 0° 13' S, 78° 31' W. 306324050165-9906078740 Ecuador is situated at north-west of America, on the equator. Ecuador & its main cities and the neighbouring countries. Ecuadorans live in extreme poverty and cannot meet their nutritional requirements even if they spend everything they have on food. Poverty is higher in rural areas…

Words 3033 - Pages 13

World Trade Report: International Trade In A Globalizing World

EXECUTIVE SUMMARY EXECUTIVE SUMMARY TRADE IN A GLOBALIZING WORLD episodes of globalization. The most recent period of globalization starting in the immediate postWorld War II period, strongly bolstered by new communications and transport technologies, has been marked by a prolonged period of strong trade and economic growth. International trade is integral to the process of globalization. Over many years, governments in most countries have increasingly opened their economies to international…

Words 9439 - Pages 38

Supply Chain Of Ghanda Gold Essay

determination of the presence of a mineral deposit (mine deposits). Valuation Determination of the profitability of the mineral when mined. Establishment Development of a mine plan Transport Movement of gold from source to destination Refining Involves extraction of saleable product and disposal of the residue Market Maximization of profits (Lumbert, 2006) Walker and Minnith (2006) note that each stage in the supply chain is designed to increase the economic value of the valuable component of the…

Words 1570 - Pages 7

World Hunger Research Paper

around the world are dying from malnourishment. Hunger is everywhere and concerns everyone. So why has hunger not been stopped? Many people do not realize they are causing hunger and continue advocating for the factors causing the famine crisis. Lack of money, lack of infrastructure, and incessant wars all lead to the loss of millions of people. What some countries have in excess does not even exist in other countries. World hunger is a needless problem which affects everyone in the world and is caused…

Words 1460 - Pages 6

Chinese and Afica Essay

China and Africa trading is more frequently. There are some data to shows that the commercial ties between China and Africa is closely. In 2013, China and Africa bilateral trade reached $210.2 billion, up 5.9% from a year earlier. In specific, China's export to Africa is $92.8 billion. China's import from Africa is $117.4 billion. From 2000 to 2013, total China and Africa trade in the average annual growth rate is 27.66% (General Administration of Customs of the People's Republic of China 2014). Moreover…

Words 638 - Pages 3

Case Study on India China Infrastructure Essay

infrastructure development. For the last two decades, both India and China have grown at twice the global rate and If this trend continues for next few decades, with their vast labor supply, favorable demographics, and aspirations for reaching the developed world per…

Words 3119 - Pages 13

Essay on Poverty and Development Gap

expectancy, education and GDP for every country in the world. | Informal economy | All economic activities that are neither taxed or monitored by the government | Investment | Refers to repayable loans used to develop a country but with an expectation of a share of the profits e.g. when TNCs invest in a factory | Millennium Development Goals (MDGs) | Agreed at the UN summit in 2000, 8 goals were agreed to provide a set of development goals for the world to reach by 2015 | Multilateral aid | Aid given…

Words 4057 - Pages 17