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Home/ IB Economics SL.Baron/ Contents contributed and discussions participated by Deepa J

Contents contributed and discussions participated by Deepa J

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Is Pakistan's economy heading for another downturn? - Economic Times - 0 views

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    This article is about how Pakistan is back into its state of crisis. Pakistan is using their resources but there are obstacles on the way to development. One such obstacle in this article is the government which leads to corruption. The Pakistani government cannot be relied upon as it is because of them that the economy is in such a bad state. The rich get richer and the poor get poorer. The TOT has improved for the agricultural sector in the rural areas but in the urban areas the poverty rate is increasing by a lot. This is another obstacle. The government is spending much more than what it is able to collect by way of taxes. In 2011 the tax rate dropped significantly and is the lowest among all developing countries, but this did not stop the government to reduce their expenditure. 
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India ranks 119 on human development index - Economic Times - 0 views

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    This article is about the rapid economic growth that New Delhi (India's capital city) had undergone. India's economic indicators are very poor such as life expectancy rate, education and per capita income. Majority of the population of India is illiterate and may children drop out of school in order to earn money for the family. The average number of years a person spends in school in Indian is 4.4 years whereas the global average is 7.4 years. The PPP in terms of Indians was less than a third of the world average. Life expectancy rate has increased in Indian by about 9% which is a big development.  
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Exchange Rate Forex - Euro to US dollar Sharply Rose November 30 - Business Exchange - 0 views

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    This news article is about the value of Euro increasing sharply. It is a great time to exchange your money into Euros as it is doing well and it is better that the US dollar. The Euros to US dollar exchange rate inclined by 0.97% and now the rate is 1.3446. At the same time the Australian dollar, British pound and the Canadian dollar rose their values of exchange rates.
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