The top 10 States and Union Territories contributed about 84.2% to the total number of Domestic Tourist Visits. In August 2017, India's Foreign Exchange Earnings (FEEs) grew by 16.1% year-on-year to USD 2.176 billion. In September 2017, Foreign Tourist Arrivals in India grew by 18% year-on-year to reach INR 723,000 whereas Foreign Tourist Arrivals on e-Tourist Visa in India rose 71% year-on-year to INR
An emerging market is a nation with social or business activity in the process of rapid growth and industrialization. Several of the world’s developing economies, often known to investors as emerging markets. These markets are rapidly growing into global centers of economic growth. This is mainly important since emerging economies are considered to be in the development stage. These “smaller” economies now add up to a major force.
In a recent survey, it was estimated that the population of the Philippines is 102 million, most of those people have to face poverty every day. Migrants with low-paying jobs or without jobs are unable to afford housing or feed their families. In 2012, it was estimated that the extreme poverty in the Philippines was 19.2% (18.4 million people). Most of the poor people live in rural areas and work primarily in farming and agriculture. Lack of infrastructure prevents Philippines’ economy from growing .A country like the Philippines that is still developing also makes it hard for the government to provide basic needs like services in health, education and clean water supply.
We should be grateful be born in this lovely and stable countries. But do not forget that our country still in poverty because of the certain factor. In The News Straits Times (2012) state that 60% our Malaysian still have lower income that are lower than standards income RM5000 per person. This is because the expenses are high than the income so that we are still in poverty, we can’t enjoy the expenses as we want. Definitions of poverty are condition where people 's basic needs for food, clothing, and shelter are not being met.
Similarly, the low production has also resulted in the high import rates for which the consumers of Pakistan have to purchase products at high rate. FDI is basically in flow of funds in the economy of a country of capital nature which enables the country to attain economic growth and prosperity which it misses because of lack of funds and poor interest of local
A major development challenges facing development countries like Tanzania, particularly urban authorities, is the rapid growth of the urban population as a result of migration and natural growth as well as its consequences in terms of pollution and deteriorating urban environment. Apart from rapid population growth and poverty, Informal Sector can be attributed to unemployment and slow growth of wage employment. As the economy’s capacity to absorb labour continues to trail behind the growth of the labour force, an increasing number of workers, mainly the urban poor, find jobs and incomes in the “urban Informal Sector”. In other words, its roots lie in the weak capabilities of formal institutions (government and modern private sectors) to provide employment, productive resources and sufficient infrastructure for a dynamic and growing
About 11.4 million Filipinos are poor by international standards. Most of them are situated in rural areas and war-afflicted zones. They include landless workers, fishers, small-scale farmers and indigenous people. The effect of poverty on provinces drives people to migrate to places where their labor will command a higher return. A so-called rural exodus or migration of agricultural labor is common nowadays due to the ideology that urban sectors provide an array of job opportunities, easy access to health care and social services that the provinces cannot offer.
The Philippines has been tied to poverty since Ferdinand E. Marcos’ administration. Martial Law brought economic problems and social conflicts which led to the country’s economic downfall. Six administrations followed and poverty still remains to be one of the main socio-economic issues in the country today. Even with the global improvement of the economic situation, the Philippines still gets left behind; and this could be the reason behind chronic poverty in the country. (Encyclopedia of the Nations, n.d.) Chronic poverty is poverty experienced for a long period of time and is usually passed on from one generation to another.
Thesis Statement: Philippines remains to have high unemployment rate for ages 15-24 years old that leads to high poverty ratio due to insufficient jobs for the growing population. The Philippines is a country of the young. There are economists, politicians and other concerned citizens who are convinced that an expanding population growth is a major obstacle in improving the lot of the poor in the Philippines (Villegas, B., 1989). People can find themselves out of a job because the economy is in a downturn. Or they could be in an unviable position of working in a dying industry (Enotes, 2016).
There is a growing awareness among developing countries about the significance of infrastructure supply and capacity building in construction for socio-economic development in general, and for the effective implementation of poverty reduction initiatives, in particular. Consequently, developing countries have for some years now been investing about 4 percent of their GDP in the provision of infrastructure (World Bank 1994). The construction industry is one of the most important components of any developing country’s economic development, being a major contributor to the national economy and providing employment opportunities. There is no doubt that construction is a key activity within any