Depression, Drought, and Federation

Author(s):  
Ian W. McLean

This chapter talks about negative shocks from internal imbalance, external factors, and drought wrought havoc with the economy for more than a decade. Against this background of a major threat to prosperity, important changes occurred in the institutional framework with the federation of the Australian colonies in 1901. Though some recovery in economic fortunes occurred before the outbreak of war, it was short-lived. Per capita real GDP fell by 22 percent by 1895 and did not regain its 1889 peak for a full two decades. The approach adopted here includes a comparative perspective on Australians' reduced levels of prosperity between 1890 and 1914. Australia recorded the highest per capita income in the world for some period prior to the 1890s. The chapter shows how this achievement has never been repeated.

2018 ◽  
Vol 14 (2) ◽  
pp. 115
Author(s):  
Samuel D. Barrows

The dynamics of the five fastest growing GDP per capita economies in Asia and the EU are studied between 2010 and 2014. This time frame was selected in order to avoid the height of the 2008-2009 financial crisis, but to include the stimulus and recovery periods which occurred afterward. The intent was not to compare the recoveries or the impact of the stimulus programs. The intent was to compare the economic growth rates of the two groups and also the absolute per capita income along with five topic areas on economies including: configuration, utilization, investments, demographics, and outcomes. A total of twenty measurements are used for assessment from the World Bank databank website. The findings are that the Asian economies grew faster while the EU economies had a higher per capita income. The workforces of the Asia economies are also younger and more flexible whereas the workforces of the EU economies are older, but more educated. Discussions include the links between effective governments and economic development and the links between democracy and economic levels.


Author(s):  
Khairunnisa Musari

Loan shark is a humanitarian problem faced by many countries in the world, including in Asia, even in the Association of Southeast Asian Nations (ASEAN)'s countries. Loan shark activities are found not only in Myanmar and Cambodia, which has the lowest per capita income in ASEAN but also in Indonesia, Thailand, Malaysia, Brunei, and even Singapore, which are the five countries with the highest gross domestic product (GDP) per capita in ASEAN. How are loan shark practices in ASEAN countries? Can nanofinance overcome the microfinance gap to fight the loan shark? How the practice of Bank Wakaf Mikro (BWM) in Indonesia to nanofinance with qardhul hassan contract? Find the answers in this chapter.


1974 ◽  
Vol 34 (4) ◽  
pp. 980-1007 ◽  
Author(s):  
Michael Edelstein

Perhaps because the world had never before or since seen such a large proportion of national income devoted to accumulating overseas assets, the processes of British accumulation in the period from 1870 to 1913 have long been given disproportionate attention in the study of modern British economic history. Calculations based on C. H. Feinstein's latest studies of U.K. income, expenditures and product suggest that roughly half of the nation's annual savings took the form of net foreign lending during these years, savings averaging slightly less than ten percent of net national income. Undoubtedly, interest in these matters has been further augmented by the intriguing problem of the United Kingdom's loss of world leadership in both industrial output and per capita income during these same years.


2017 ◽  
Vol 7 (2) ◽  
pp. 81-91
Author(s):  
Alqi Naqellari ◽  
Eros Angjeli ◽  
Nexhmi Dumani

Abstract In this paper analyzes the problem of the dynamics of income and expenditure of households in Albania. Analyzing costs in general, spending on food in particular, both connected with a range of other indicators of welfare, with per capita income, expenses for the basket of goods, according to its elements and structure. Survey basket expenditure according to regions of Albania. Analyzed per capita income, expenses basket compared with countries in the region, Europe and the world. The goal is: to extract an accurate conclusion, the place at which ranks Albania in these indicators. What to do in the future, in order to emerge from this negative situation. The conclusions drawn from the analysis are: Albania ranks last places of the world, the indicator of per capita income and expenditure of households. Ranked in first countries in the region and in Europe for the indication of the percentage of expenditure on food and non-alcoholic drinks to the total cost of items in the basket. This situation has come as a result of lower rates of growth of its economy. It recommended changes in the structure of GDP in terms of growth of light industry and food industry extraction and processing, etc. By developing these branches will grow faster GDP and national income, and consequently will increase per capita income. Methods used are: methods of analysis and synthesis, methods of description and comparison, statistical methods etc.


Author(s):  
Herr Hansjörg ◽  
Stachuletz Rainer

As the result of the “Doi-Moi” reform policy, Vietnam has experienced a remarkable phase of growth since 1986. In this period the Gross Domestic Product (GDP) quadrupled. Since the population of Vietnam (about 88.5 million people in 2010) is currently growing by more than one million people annually, the increase in per capita income lags behind GDP growth, but still reached 2900 U.S. dollars in 2009,which ranks 1652 in the world (see Table 1). In order to prevent its per capita income from falling off because of this huge increase in population growth, Vietnam needs a real GDP growth of over 5%. Although the poverty rate was decreased from 58% to 13% between 2003 and 2008, considerable regional disparities especially between rural and urban areas continue to persist.


2017 ◽  
Vol 2 (1) ◽  
Author(s):  
Uswatun Hasanah

AbstractHuman resource is one of capital importance in the development of a nation. One of the important aspects that affect human resources are a public health level, where health sector has an important role. The status of one's health is the result of the interaction of various factors, namely internal and external factors. Internal factors consist of physical and psychological factors, while external factors consist of economic factors, education, environment and cultureThis research aims to examine and analyze the effect of income inequality as measured by the Gini Ratio against the health sector as measured by life expectancy in Indonesia in 2005-2013. On the research of regression equation using data panels with Random Effects Model approach. The results of this research is the inequality of income, per capita income, and Government expenditure in the health effect simultaneously against health sector in Indonesia in 2005-2013 and is partial, inequality of income, per capita income, and Government expenditure in the health sector impact health sector in Indonesia in 2005-2013. Keywords : Health sector, income inequality, income per capita, Government expenditure in health sector. Research Area: Indonesia


Author(s):  
Furqan Ali ◽  
Mohammad Asif

The rate of economic growth in India fluctuates with the world economic scenario. The developed countries being economically stable and highly advanced by technology, like U.S.A, France, Germany, Japan, and China faced the problem of economic crises. At the same time, the world comes to fluctuate their efficiency and empowerment to the leadership engagement in stabilizing the economy. In this paper, data taken from the Indian States as per capita income at the state level and compare it with all India average data. The Net State Domestic Product Per Capita Income (NSDPPCI), had taken on a current price for the short period 2011-2012 to 2016-2017. This paper compared the regional variation in state performance and compared the most riches states to inferior ones. The factors which affect economic performance are like stabilize the political stability in the state. We also focus comparison on the different political party announcements of the welfare scheme for the farmers and other poor people living in these states. Another factor like the level of education at states and center level, total population, and its growth rate, the public expenditure on the health sector. We measure income inequality, income distribution with the economic growth of India. KEYWORDS: Economic Growth; Inequality; Income Distribution; Political Stability.


1991 ◽  
Vol 13 (3) ◽  
pp. 29-33 ◽  
Author(s):  
M. Zaman ◽  
R. Wiest

Two images of Bangladesh as a country are commonplace in the West and often simplistically intertwined—a land of overpopulation and poverty, and a land cursed by natural disaster. Bangladesh is one of the poorest countries in the world with an estimated per capita income equivalent to only U.S. $180. It is also one of the world's most crowded countries. One hundred thirteen million people live in Bangladesh, an area about the size of Wisconsin, with an average density close to two thousand people per square mile. Since only 13% of the population is urban, this tremendous population, currently growing at a rate of 2.8% per annum, exerts especially great pressure on resources in the rural areas.


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