This website uses cookies to ensure you have the best experience. Learn more

Economic Inequality Poverty And Economic Development In Pakistan Associate Degree Social Studies Assign Economic In Equality Ment

1393 words - 6 pages

Poverty and Economic Inequality in Pakistan
Although great strides have been made, millions of Pakistanis remain vulnerable to falling into absolute poverty.
Pakistan has made remarkable progress in reducing absolute poverty. Fifty million fewer people lived in poverty in 2011 than in 1991 and  the share of the poor living on less than $1.25 a day plummeted from 66.5% in 1987 to 12.7% in 2011.  Despite these advances, the number of Pakistanis vulnerable to falling into poverty remains high and the recent series of natural disasters that have hit Pakistan will slow future progress. Pakistan lags behind other lower-middle income countries in non-income determinants of poverty, such as education and health. Can Pakistan overcome these concerns and become the next Asian Tiger in the region?
Impressive progress, yet problems persist
While absolute poverty levels have substantially decreased, more than half of Pakistan’s  population – almost 90 million people – was still living on less than $2 a day in 2011.However, the latest income poverty data has raised caution over the accuracy of the 2011 poverty estimates.
Figure 1: Number of poor people in Pakistan, 1987 – 2011
Source: World Bank, World Development Indicators. Poverty lines are in 2005 international dollars.
While the number of people living under $1.25 a day plummeted, the number of people living under $2 has barely declined and those under $2.50 actually increased
Income growth and income inequality are key
Income growth in Pakistan has been the main driver of poverty reduction, according to a World Bank report. Pakistan’s Gini coefficient and Palma ratio (the ratio of income held by the top 10% compared to income held by the bottom 40%) have fluctuated over time, but has followed a general downward trend, indicating that income inequality has declined. The Benazir Income Support Program may be partly responsible for this improvement. Unlike its predecessors, the program transfers money to the female head in each household, the idea being to increase women’s empowerment. The BISP significantly increased the amount of social welfare the Pakistani government was spending on the poor. Through a  combination of continued economic growth, income support programs and large inflows of workers’ remittances, consumption growth of the poorest 40% has managed to keep pace with the rest of Pakistan’s population in recent years.  
Overall, Pakistan has done well in converting economic growth into poverty reduction (see Figure 2 below). But stronger and more sustained growth is needed to continue reducing poverty in order to reach the poorest of the poor. Equitable income distribution is important, as it can influence the effect of growth on poverty reduction: if income inequality is high, economic gains are more likely to accrue accrue to the wealthy with little left for the poor. If income distribution were more equitable, the poor would gain more from the country’s economic growth, allowing them to...

Other Essays On Economic Inequality - Poverty and economic development in Pakistan - Associate Degree - Social Studies - AssignEconomic In equality ment

The Luxembourg Economic conditions - International Studies - Research Paper

2209 words - 9 pages specialises in cross-border fund management. Given Luxembourg’s relatively small domestic market, its economic centre is basically international. As of the end of March 2009, Luxembourg has a total of 152 banks and employs more than 27,000 people. Political stability, good communication, easy access to other European centres, qualified multilingual staff, bank secrecy and cross-border financial expertise, contributed to the development of the financial

Case Study for Chinese economic development - Final year - Essay

3499 words - 14 pages techniques allowed for the large increases in efficiency required to compete in the international market that Chinese enterprises now participate in actively. As a result of China’s period of economic reform that encouraged a more market oriented and globalised economy, China has experienced significant advances in human development. GDP growth averaging nearly 10% a years has lifted greater than 500 million Chinese people out of poverty.[footnoteRef:23

Development Of French Economic Crisis Into Political Revolution By October 1789

934 words - 4 pages equality. The King declared that despite the new reforms, the existing social order of the Old Regime would remain. This decision and his dismissal of Necker led to the capture of the Bastille. The long-term effects of inequality between the social classes and the Tennis Court Oath suggested the desperation of the Third Estate, and foreshadowed insurrections. The King's adamant nature and belief in absolutism saw failure to conform, allowing the

Analyze The Degree To Which The Articles Of Confederation Provided An Effective Form Of Government With Respect To Any TWO Of The Following: -Foreign Relations -Economic Conditions -Western Lands

759 words - 4 pages government all the power in fear of tyranny like in Britain. In the end, the Articles of Confederation proved to be both inadequate in economic conditions and foreign relations.Under the Articles of Confederation the national government was not allowed to raise revenue to finance the war and other essential needs that a country need money for. The state governments had control of taxing the American people but many were unwilling to do so. So to

Summery of Social Class and the Hidden Curriculum - Lane Community College, Associate of Arts Oregon Transfer Degree - Assignment

780 words - 4 pages teaching system works in different level of social class. She also added in her writings that majority of Elementary schools in different economic environments teach the student based on the parent's financial ability and support. According to Anyon’s analysis, there are four different classifications of schools in the society such as "working-class schools", the "middle-class schools", "Affluent Professional schools", and "Executive Elite

Examine the representation of social and economic divisions in Elizabeth Gaskell’s North and South. - First Year Final Coursework - Term Paper

2201 words - 9 pages 1 Examine the representation of social and economic divisions in Elizabeth Gaskell’s North and South. Considered a significant piece of Victorian literature, North and South features a strong female protagonist, an exploration of a mature love story, and relevant social and political insight on industrialisation and class issues during the mid-19th Century. During the 19th Century, a new way of thinking came to light that challenged the

Economic Reform/Policy Mix, Covers Macro And Micro Economic Reforms In Australia

2659 words - 11 pages Group, ANZ, Westpac, Telstra, Macquarie Bank, Woolworths and AMP which also are the 10 largest companies in Australia. The Australian Financial Review is associated with economic-liberalism of the economy of Australia. The Australian dollar is the currency of the Commonwealth of Australia and its territories, including Christmas Island, Islands, and Norfolk Island. It is also the official currency of the independent Pacific Island nations of

Assess The Impact Of Social, Political And Economic Issues In Early Twentieth Century Russia In The Downfall Of The Romanov Dynasty

1212 words - 5 pages Untitled "Assess the impact of social, political and economic issues in early twentieth century Russia in the downfall of the Romanov Dynasty." The downfall of the Romanov dynasty was due to the impacts of bearing internal factors on Russia such as the social, political and economic issues present in early twentieth century Russia. These issues were largely manufactured by previous generations of Tsars but ultimately set

19th Century European Imperialism Data Based Essay; Identify And Explain The Political, Economic, And Social Causes Of European Imperialism In The 19th Century

406 words - 2 pages Imperialism, the period of powerful countries conquering and dominating less-developed countries (mainly pertaining to European nations), reached its all-time high from 1870 to 1920. This is due to the economic, political, and social factors of the time. Ranging from feelings of nationalism to the need for more cheap labor, European powers dominated the world, oppressing whomever they needed to.The economic cause of imperialism is mostly

History: French Revolution: Social And Economic Causes For French Revolution

696 words - 3 pages economic progress - internal trade barriers (Octois) prevented expansion and trade4) Revocation of edict of Nantes - ( Hugvends lived in walled cities to protect them from the Catholics) This revocation of freedom of religion led to exodus of thousands of hugvenots (Protestants) and this prevented growth of industry in France.5)Weak financial System: tax exemption-Those who could pay did not therefore France deprived of income.-Tax Collection - Tax collectors corrupt and often pocketed parts of taxes. They made huge profits but country deprived of income

Political, Psychological, Economic And Social Aftermath Of The Black Death

2542 words - 11 pages ' arms, thighs, and other parts of their body. As specified by Robert S. Gottfried , Professor of History and Director of Medieval Studies at Rutgers University, : "[...] the most current estimates of morbidity in Europe range between 25% and 45% percent." All in all, a third of the world died.In essence the Black Death was more than a mere epidemic which caused thousand and thousand of casualties but it: "[...] gnawed the moral stamina and frequently

Similar Papers

Economic Development Essay

2570 words - 11 pages ContentINTRODUCTION: 1THE ROLE OF GEOGRAPHY IN ECONOMIC DEVELOPMENT 1WHAT DOES THE DISTANCE MATTER? 3WHAT DETERMINES DISTANCE COSTS AND HOW DOES ICT RESHAPE THEM? 4WHAT ARE THE LIMITATIONS OF ICT'S EFFECT ON DISTANCE? 6CONCLUSION 9REFERENCES AND BIBLIOGRAPHY 10Introduction:New communications and information technologies (ICT) have made the communication in long distance more and more convenient and cheap. It seems that the developing countries

Social, Political, And Economic Canadian Events Of Ww2 Social Studies 10 Assignment

2398 words - 10 pages   more tolerant,  accepting displaced  and European  refugees  ➢ Women gained  recognition because  roughly 50,000  went to war, while  others worked and  kept the economy  alive  ➢ Because of this and  the many war  brides, canada  experienced the  “baby boom”  SOCIAL  POLITICAL  ECONOMIC  manufacturing  sectors in Canada.  Chapter 5 Notes  Causes of WW2  1. THE RISE OF TOTALITARIANISM:​ the economic crisis of the 1930s   led to social and

American Democracy In Peril Economic Inequality Stan State Political Science Assignment

492 words - 2 pages Economic Inequality In this chapter I believe the main theme Hudson discusses is both political and social equality and inequality. Political equality is defined as all people being equally qualified to rule. Hudson says this is the core value of democratic theory. Hudson thinks we should be Skeptical of elite leadership because of their alleged superiority. He states that this has lead to revolutions. Despite this fact there are many theories

Discuss The Role Of Media Studies In Making Sense Of The Political, Economic, And Cultural Meaning Of Everyday Life

1250 words - 5 pages of politics controls a lot of what see in the media, and often it is difficult to determine what political content may have been manipulated in order to influence the audience's views.Political economy "one of the strongest and longest traditions in media studies." (Cunningham and Turner, The Media & Communications in Australia 2002)The economic meaning of everyday life relates to the production, development, and management of material wealth