EC 417 Essay Example | Topics and Well Written Essays - 1500 words

EC 417 - Essay ExampleHe stresses the point that economists and the World Bank which he represent, feature great concerns ab kayoed improved standards of aliveness for inadequate countries which would enable people in villages like Gulvera to brood better. This Easterly (2002) indicates would prevent them from being hungry and diseased. He indicates that increases in GDP per capita would translate into rising income for the poor, lifting them out of poverty. Easterly (2002) then uses the situation in Lahore to look at a number of problems facing the poorest countries compared to the richest. These accept infant mortality, diseases and nutritional deficiencies. Easterly (2002) overly provides an explanation of the higher(prenominal) infant mortality come ins and provides entropy on the low cost per dose of oral rehydration and vaccination that would prevent these cobblers lasts and diseases and exclaimed that despite the low cost, the point of poverty is significant. Easterl y (2002) sought to emphasize the point that wealth has positive implications for ones wellness and indicates that findings suggest a relationship between infant mortality and economic growth which implies that the high death rate of infants in Africa in 1990 could have been prevented if the standards of living in was just a little higher than it was. In terms of assessing the poorest of the poor the Easterly points to how they are treated in the poorest countries of the world by the poor themselves and how they are described. Some of the countries mentioned are Tombouctou, commonly referred to as Timbuktu in Mali which is one of the poorest countries in the world and where a 1987 survey showed that 41% of children die before reaching age five. Easterly (2002) also gives some galvanize statistics on the calorie intake of the poorest 5th countries and the richest 5th countries, and notes the absence of famine in the richest countries while a 1/4th of the poorest countries faced famin es in the last three decades. Easterly also looked at the subjugation of the poor worldwide, child labor which is ignored in 88% of the countries, child prostitution and the oppression of women which takes many a(prenominal) forms including wife beating in Jamaica. Easterly (2002) then provides a definition of poverty as that component of the population with incomes below $1 per day. Easterly (2002) stresses the point that a fast growth rate will lead to fast poverty reduction as economic contraction goes along with increase poverty. Easterly (2002) also gave examples of poverty increasing significantly with severe recession in countries in double-u Africa as well as the effects of economic growth and economic contractions in Asia. Easterly also points to World Bank statistics that found that a change in the average income of a society direct to a proportionate change in the poorest 20% of the population and suggests that the poor could improve their standard of living through t he redistribution of income and economic growth. In concluding the Chapter Easterly points to the quest of improving the welfare of poor and re-emphasizes the impressiveness of this to the next generation. Chapter 2 Aid for Investment Easterly starts with a quote, this time from Shakespeares Two Gentlemen of Verona as to how something becomes a habit. The focus this time was on