restriction (QR) on rice under Annex 5 of the World Trade Organization (WTO) agreement. Japan and South Korea are the other two countries. The exemption will expire on December 31‚ 2004. The primary objective of the paper is to look at the possible poverty and distributional effects of the removal of the QR and the reduction in tariffs on rice imports. In particular‚ the paper attempts to analyze the following issues: (a) Do the poor share in the potential gains from a freer market for rice? (b) What
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Measuring poverty Poverty is the condition of lacking basic human needs such as food‚ clean water‚ health care‚ clothing‚ and shelter due to the inability to afford them. This is also referred to as absolute poverty or destitution. Relative poverty is the condition of having fewer resources or less income than others within a society or country‚ or compared to worldwide averages. When measured‚ poverty may be absolute or relative poverty. Absolute poverty refers to a set standard which is consistent
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Question : What is Utilitarianism? Identify and discuss the arguments for and against using Utilitarian principles in the workplace. Utilitarianism is an ethical theory that proclaims that the morally right course of action in any given situation is the one that produces the greatest amount of pleasure over pain for everyone affected (Ferrell‚ Fraedrich &Ferrell 2008).This is evident in business decision making processes done by analysts‚ legislators and managers‚ for instance on deciding
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Bryon Conner Economics in Emerging Markets Poverty in Africa: its effects on production and economic development La Sierra University June 14‚ 2012 Introduction Poverty is a dangerous weapon that can hinder the growth and development of any society‚ where it is prevalent. Poverty in Africa has contributed to the spread of preventable diseases‚ the exploitation of woman and children‚ violent conflict over scarce resources
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1. Blue whale weighs about 150 tonnes as much as 150 cars. 2. Marine iguana from Galapagos Islands lives only in sea for his whole life. 3. Reticulated python is ten metre long as long as 10 bicycles put in a row 4. Opera house is made up of sand‚ water‚ limestone and soil. 5. Plovers hop inside crocodile’s mouth to clean their teeth by eating up worms and insects. 6. banknotes are made up of cotton rags 7. Snakes do not blink as they do not have eyelids. 8. Giraffes and
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POVERTY AS A CHALLENGE 1. A person is considered poor if his or her income or consumption level falls below a given minimum level necessary to fulfil basic needs. Each country uses an imaginary line that is considered appropriate for its existing level of development and its accepted minimum social norms. This is called the poverty line. While determining the poverty line in India‚ a minimum level of food requirement‚ clothing‚ footwear‚ fuel and light‚ educational and medical requirements‚ etc
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Chileans in poverty which led to an increase in malnutrition; however‚ even with a more powerful earthquake‚ Chile still remains in better condition than Haiti. Chile is home to about 16 million people (Kurczy). Near the end of 2009‚ it was estimated that there were 2.7 million Chileans living in poverty (“More Chileans”). After the earthquake struck‚ it pushed half a million more people below the poverty line (Locker). So in 2010 there were about 3.2 million Chileans living in poverty due to the
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The density of Jupiter‚ 1.326 g/cm3‚ is the second highest of the gas giant planets. The density is lower than any of the four terrestrial planets. Jupiter’s upper atmosphere is composed of about 88–92% hydrogen and 8–12% helium by percent volume or fraction of gas molecules. Since a helium atom has about four times as much mass as a hydrogen atom‚ the composition changes when described as the proportion of mass contributed by different atoms. Thus the atmosphere is approximately 75% hydrogen and
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The nature of poverty can be described in many ways. The obvious way to explain poverty is the lack of income. However‚ in the deeper meaning‚ poverty also includes those who lack of security‚ healthcare‚ power‚ and other basic necessities. Poverty can be categorised in terms of absolute poverty and relative poverty. Absolute poverty is household based measure by income per year under a statistic developed by government which will aid those who are poor by giving them money depending on the number
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INTRODUCTION Poverty is one of the main problems which have attracted attention of sociologists and economists. It indicates a condition in which a person fails to maintain a living standard adequate for his physical and mental efficiency. It is a situation people want to escape. It gives rise to a feeling of a discrepancy between what one has and what one should have. The term poverty is a relative concept. It is very difficult to draw a demarcation line between affluence and poverty. According to
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