Why should Americans be concerned about extreme poverty in other nations? How does the globalized economy impede or promote poverty reduction? Would global economic growth still be desirable if it widened inequalities but reduced poverty? Why or why not?
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Why should Americans be concerned about extreme poverty in other nations? How does the globalized economy impede or promote poverty reduction? Would global
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- What is the main objective of the Sustainable Development Goals of the United nations? What is the standard response to eradicating poverty? Why must we change our paradigm of growth and consumption to that of "de-development"? Why are the terms de-development, de-growth, and zero growth seemingly unacceptable to the usual framework of human progress?In this chapter Wheelan also discusses the role of developed economies in alleviating (reducing) poverty in less developed economies. To this purpose, he draws from works of development economists such as William Easterly, Jeffrey Sachs, and others. Of the statements listed below which would Wheelan and the other quoted authors NOT AGREE to be effective or well-directed economic development strategies to alleviate global poverty? Group of answer choices Most of the difference between the huge success of East Asia and the relatively poor performance of South Asia, sub-Saharan Africa, and Latin America can be explained by the differences in their government policies. Traditional aid projects to the less developed economies have been inflexible and ineffective. Impoverished nations are caught in a poverty trap, and only capital from developed nations will rescue them. The primary stumbling block to development in poor countries has been the bad advice they received from the rich…Education seems to be important for human capital deepening and thus economic growth. As people become better educated and more knowledgeable, are there limits to how much additional benefit more education can provide? Why or why not?
- Demographers have been surprised that total fertility rates have fallen below 2.0, especially because most people in most countries tell pollsters that they would like to have at least two children. Can you think of any possible economic factors that may be causing women in so many countries to average fewer than two children per lifetime? What about other social or political changes?Do you think that all of today’s developing nations will complete the demographic transition and come to enjoy a permanent state of low birth and death rates? Why or why not? What steps might we as a global society take to help ensure that they do? Now think about developed nations such as the United States and Canada. Do you think these nations will continue to lower and stabilize their birth and death rates in a state of prosperity? What factors might affect whether they do so?Why might high levels of inequality lead to power rates of growth and development? Why might it be difficult to get out this kind of trap?
- In 2006, Warren Buffett, the world’s second richest individual, announced that over the next few years he would be giving 85% of his wealth, over $30 billion, to the Bill & Melinda Gates Foundation. The foundation focuses on grants to developing nations, helping the poorest of the poor. What suggestions would you give the foundation to help these developing nations grow?Can sustainable development removes the gap between the rich and the poor? Cite an example and justify your answer. How do the government uses the monetary and fiscal policy to achieve economic development? Justify. Is FDI (foreign direct investment) beneficial for a country in achieving economic development? Justify your answer.Answer the following three questions 1. What do you think is the effect of a high dependency ratio in developedcountries? In developing countries?2. Is the heightened flow of people a unique feature of the current globalera?3. Has globalization facilitated or obstructed greater labor migration?
- Poverty is endemic in some PICs such as PNG, Solomon Islands and Fiji to some extent. What do you think would be the best way to address the problem? Countries that have low/poor primary to secondary linkage can look towards the services sector such as tourism, IT services and/or health services for economic growth. This is particularly true when terms of trade for agricultural products continue to decline. Comment vis-à-vis PIC economies. You may pick on any country among PICS that you are familiar with. c) Consider a scenario where inequality between social groups (ethnic/religious/regional) is increasing as the economy grows. What are some short-term and long-term policy options for the government? You may cite some local examples to support your answer. d) Explain the pros and cons of minimum wage in developing economies such as Fiji. Unreliable and costly utility services (such as water and Electricity) in PICs are source of serious concern for these small economies due to…If all countries worldwide eliminated all barriers to immigration would global economic growth increase?Why or why not?Class, despite the economic progress that the U.S. has observed in the past century, the standard of living remains extremely low in many countries. Consider the following regarding poverty in developing countries: . Why are some countries relatively wealthy while others are not? Consider some primary differences between countries. Which differences do you expect to affect economic growth and wealth? Can you think of anything else that can help other countries to achieve economic growth?