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Latin America and industrialization
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Peru is a country that is steadily growing economically. Peru is classifies as upper middle class by the world bank and has the fastest growing GDP by 6.3 percent growth rate. They are ranked 39th in the world for total GDP. Peru is considered to have the most dynamic economies in latin america. Peru is also ranked 8th out of the 10 fastest growing economies in the world. However the real problem in the country is poverty. 59 percent of the country live in poverty and 19 percent of the country live off of less than 1 US dollar a day. Peru has taken this into consideration and has been working for the past five years to fix this problem. About 15 percent of the urban population was poor last year. On the other hand, the rural population
"Stories - Peru Journal - Part 2: Diseases of the Poor — International Reporting Project.”
Did you know that Peru is one of the top ten countries to visit in the world? (UNWTO) Peru has unique music and energetic dances that are fun to see. The people are friendly and charming; they would be happy to help one find their way if they need help. But, the main reason Peru appears on the top ten list is because of its unique geographical features. Some examples are the Andes Mountains, Machu Picchu and Cusco. The art and culture of the Peruvians, as well as the people themselves,and the popular places to go, are what tourists like to see in Peru.
Goldberg, Rachel. "Inequality and Health Care in Peru." MedLife. MedLife, 27 Dec. 2012. Web. 15 Apr. 2014. .
Poverty is not just an issue reserved for third world countries. Instead, poverty is a multifaceted issue that even the most developed nations must battle
Quinoa’s importance has evolved tremendously since its first appearance during the early Incan Empire. Quinoa has boosted the Peruvian Economy extraordinarily and is only continuing that streak. The Ancient Incan Empire was one of the first to discover Quinoa. In Ancient times, the quinoa production was quite low compared to what it is today, because they kept it within their empire for the most part. Quinoa back then was not exported to a variety of civilizations, whereas it is in modern times Quinoa is a product from the Andes Mountains that is a gluten free grain (Cooking with Quinoa). In modern times it has been a major economic boost for Peru, because they have exported so much of it that the income rate of cash has gone up significantly, and changed Peru’s economy drastically. Which is a major food product in Peru, and has boosted their economy, around $23 million in one year (Quinoa Selection). This staple crop has been a major impact on the Andean economy, especially Peruvian economy.. While Quinoa has been grown in Peru since ancient times, in the modern world, it has become more economically significant to the Peruvian economy.
The economics of Haiti has deceased in the last 4 years after the devastating earthquake that struck it 4 years ago. The Haiti economy has become very poor and one of the poorest country in the south, Central America and Caribbean region making it ranked 24 out of 29 countries in this area and its overall score is below average. Haiti’s economic freedom is 48.1 making it economy the 151st freest country while in the last several years Declines in the management of government spending, freedom from corruption, and labor freedom make its overall score 2.6 points lower than last year. Recovering from the disastrous earthquake in 2010 with the support of the U.S. recovering efforts “Haiti’s post-earthquake reconstruction efforts continue, assisted by substantial aid from the international community. Governing institutions remain weak and inefficient, and overall progress has not been substantial. The parliament has not renewed the mandate of the Interim Haiti Recovery Commission, which had been tasked with overseeing reconstruction efforts but was unpopular.”( .heritage.org). The open market of Haiti trade weighted to be 2.1 this is because the lack of tariffs hamper the trade freedom of Haiti. Foreign investors are given national treatment but the investment is small and the financial sector is remained underdeveloped and does not provide any adequate support.
Globalization is made up of social, economical, technological, heritage, and political alterations that display interdependence and development. Globalization rises the benchmark of living in nations, broadens technological information, and heightens political liberation. The major origin of globalization is the leverage from other nations. Globalization is a method that outcomes from human change and technological development. The communal effects of globalization are apparently illustrated in Peru. Once a third-world homeland topped up with scarcity and oppression, Peru is now transitioning into a evolved nation. In Peru, globalization has increased the human development index, empowered women, and conceived a more powerful country.
Globalization is a series of social, economical, technological, cultural, and political changes that promote interdependence and growth. Globalization raises the standard of living in developing countries, spreads technological knowledge, and increases political liberation. (Harris 5-23) The main cause of globalization is influence from other, more developed, countries. Globalization is a historical process that results from human innovation and technological progress. The social effects of globalization are clearly illustrated in Peru. Once a third-world country filled with poverty and oppression, Peru is now transitioning into a developed nation. In Peru, globalization has raised the human development index, empowered women, and created a stronger country. (Leon 90-91)
In the current economic times the development and growth of any economy has come to a near stop or at least to a drastic slow down. The face of the global economic environment has changed and many new countries are starting to change the way their country and the rest of the world does business. One such nation is Brazil, who has turned around their own economic troubles and is becoming one of the fastest growing economies in the world (World Factbook). Brazil has started developing its economy and using the opportunity to achieve a level of respect in the world.
The Economy of Romania Before World War II, the Romanian economy was primarily agricultural. In 1948 the Communist government came to power and took control of nearly all aspects of the economy. Through a series of five-year plans, the Communists transformed Romania into an industrial nation. The economy grew considerably during the first part of the Communist period, but by the 1980s it had slid into decline, and shortages of consumer goods and degradation of the environment had become widespread.
...ing economic developments. The Chiapas, which has a mostly Amerindian population, consists mainly of peasant farmers surviving by subsistence farming. Fifty-three percent of the people in Mexico live in extreme poverty (222). Brazil has also seen astonishing increases in the number of people living in poverty. There has been a fifty percent increase in the number of people living in poverty (256). Both Mexico and Brazil will have to work towards a more balanced distribution of wealth in the years to come.
It also lacks clean water and basic sanitation especially in rural areas, thus increasing the pertinent health problems. These basic standard of living issues are affecting people around the country, also contributing to the low livability, for citizens are not provided a safe environment to live in. Without basic sanitation, illness spreads quickly raising the risk of a possible outbreak, endangering the country in the future. Additionally, the main people affected by an outbreak first, are going to be those in poverty who can’t afford to live as clean of a life as the higher class citizens. Luckily, since Evo Morales has been in office, the percentage of people living in poverty has decreased from 60% to 40% from 2006-2017, and the unemployment rate has now decreased to 4%. Unfortunately in recent years, there has been insufficient investment in the country’s mining and hydrocarbons raising obstacles for Bolivia’s economy, but a recent plan has been approved to maintain a growth of 5%, and to reduce poverty by 2020. Along with economic troubles, Bolivia has also been encountering some communication
Poverty is an undeniable problem in America. In 2014, 14.8 percent of the United States was in poverty (“Hunger and Poverty Fact Sheet”). There are more people in the United States than it seems that do not have their basic necessities. In an
People living in poverty account for over 30% of the country’s population (Colombia Reports, 2017). The poverty percentage is highly unequal between rural and urban settings, with the first one being nearly 60%, and the following under 20% (Colombia Reports,
According to Collier & Dollar, (2001) economic growth is normally dependent on the nature and quality of economic policies that a country implements. In South Africa, soon after apartheid the government have tried to wrestle with the multiple objectives which are namely to reduce poverty, increase employment, increase international trade as well as increasing the rate of economic growth. According to Mohr et al, (2015) the macroeconomic objectives are used to assess the performance of the economy. The five macroeconomic objectives that will be discussed in this assignment are firstly the economic growth, full employment, price stability, balance of payments and equitable distribution of income. The assignment will then evaluate each of the objectives of macroeconomic growth and asses where South Africa as a country is performing on each of these respective points.