Mr Mugabe is the oldest and one of the longest serving leader of a country. However, he was criticized for being a dictator who is responsible for the country’s economy recessions, inflation and the widespread corruption. Base on the Transparency International Corruption Perceptions Index 2015, Zimbabwe is considered as one of the most corrupt nations in the world which ranked 150rd out of 176 countries. Even though the government has enacted the Prevention of Corruption Act to prohibit the active and passive bribery in both public and private sectors, but such habits are common and prevail in the society. Due to the widespread corruption, the economy of Zimbabwe has declined significantly which result in increasing the poverty and the unemployment rate.
Income inequality is refers to the unequal distribution of household and individual income in an uneven manner among a population. From the year of 1980 to 2010, we found that the United States has a relatively high level of income inequality which it faced the greatest economic challenge in the over past decades, the economic pie has indicates that there are a relative gap between the richest people and the poor people in the country. Income inequality has surged as an economic and political issues that leads inequality has poses a major threat in the global issues. Besides, Income inequality has become progressively obvious since in the year of 1980. For example, the distribution of income had 30 to 35% of national income
Violence has increased and the citizens’ daily life goes harder by the hour. The shadow of starvation and criminal activities threaten the government of Nicolas Maduro, three years after he was bequeathed power by the passing of Hugo Chavez. In the latest news, Venezuelans are mining bitcoin as a temporary solution to survive. It has become so hard to even afford anything in the black market. Although, bolivars does not have much worth, everything that is sold is overly priced.
It is feared by banks globally and forces the execution of monetary policies that are inherently unpopular. As a result many persons become unfairly richer and other poorer. Inflation over the years have ripped apart entire economies and changed the course of the world’s history. Inflation caused the demise of the Roman Empire two thousand years ago and the empire of the Soviet Union
In the late 1920s, a culmination of factors, both foreign and domestic, led many American families into unemployment and poverty. The Great Depression was a time of widespread poverty and forced migration, as it was common for young children to beg for money and search trash cans for food. Accordingly, different geographical regions were impacted more than others, which divided Americans. The economy experienced a greater wealth imbalance than ever before, as a small portion of Americans controlled an disproportionate percentage of the nation’s wealth. Additionally, the unemployment rate reached an all time high, with a quarter of Americans unable to find employment, further establishing socioeconomic divide.
Therefore, government governance is particularly important. However, the existence of corruption may erode governance, corrupt government effectiveness, distort policy decisions, and adversely affect the country's overall economy. According to the World Bank definition, corruption is the abuse of public interest for private gain. Corruption is detrimental to the consequences of economic and social development, it will inhibit investment and hinder Economic growth. Corruption breeds unequal awareness and corrupts overall economic and financial stability; it reduces the impact of development assistance, provides incentives for exploitation of natural resources, further depletes our environmental assets; it diminishes the effectiveness of public administration, distorting public expenditure decisions, from urgent resource needs such as health and education to corrupt departments or to increase certain personal wealth; it worn laws and regulations, endangering national credibility.
PR additionally sustained loss of Rs 1,324.13 million because of the non-recovery of lease and rental charges from different government and private associations. The Pakistan railway's poor administration, pitiful internal structure, carelessness, overstaffing and corruption from the grass level to the top administration drives the Pakistan Railway which was considered as the most income generating division towards its
Causes and effects of unemployment may vary within in each country, but the main factors of unemployment are technological unemployment and age factors. Unemployment being an obstacle for the economic growth and prosperity of an economy, it has devastating impacts such as criminal affairs and the increasing financial government expenditures as a cost of bearing the unemployed level. The economy of each country depends on the unemployment rate and the higher this number is the economy is less developed. As unemployment is increasing day by day and as it negatively affects most countries, it may have severe effects on the world economy and the whole
In the past few decades the image of Pakistan has extremely suffered. The money laundering done by many politicians earned a bad name for the country. Due to poverty child labor is increasing day by day. Child labor is employment of children at regular labor. Child labor is something in which children forced to perform harmful and dangerous work which exploits them physically, mentally or emotionally.
The main part of this investment will be the United Arab Emirates (Dubai in particular). The financial crisis led to layoffs of organization, the unemployment rate is the highest in the United States 26 years ago, and the like is the case in India, China, England, Japan, Pakistan and other counties. . This creates world peace may affect people's despair. More, many analysts say, many Third World countries, the government will cut its budget to reduce spending on