Poverty Economics Research Paper Example | Topics and Well Written Essays - 1750 words

Poverty Economics - Research Paper Example The model of trickle-down effect of growth is found to be prevalent in practice in the real world. Under this model, the benefits of growth are mostly savored by the upper and middle classes of the society. The lower middle class and the grass root level receive very little benefits of this economic growth. This is due to the fact that there is serious problem of income inequality in most of the economies in the globe, particularly in the developing countries (Altmann et al., 2013). All the sectors in the developing economies are not equally developed and there is huge inequality in income in the countries. In the concerned article, the Chief economist of World Bank has mentioned that the Bank has placed two new objectives that it would strive to achieve. These two goals are â€Å"ending extreme and chronic poverty in the world by 2030, and promoting shared prosperity, defined in terms of progress of the poorest 40% of the population in each society† (Basu, 2013). ... factors that affect this growth rate are rapid technological development, improvement in productivity and the lowering in the number of people living below poverty across the world. During the 19th century and also in the first few decades of the 20th century, over 1.2 billion people in the world used to live below the poverty level (the poverty line is set at $1 per day). Currently, this percentage of population has fallen marginally. According to the theory of poverty line, the people living below poverty line have the purchasing power of less than $1 dollar per day. Additionally, it must be noted in this context that more than half of the population of the world lives below $2 dollars per day. The variables that measure poverty are under nutrition, poor health condition, poor level or absolutely no literacy, environmentally degraded and unhygienic living condition, low or no access to essential things in life (such as clean water) and lack of protection of fundamental freedoms or rights. Poor people all over the globe are characterized by the living condition in slum areas and under nourishment. Scholars and economists have univocally agreed that poverty is integrally linked with inequality in income distribution (Naranpanawa, Selvanathan & Bandara, 2013). One commonly used method of measuring the personal income statistics is the Lorenz curve. The Lorenz curve helps to analyze the percentage of income against the percentage of income recipients. The further the line is from the diagonal, the greater is the degree of inequality. The following diagram illustrates the workings of the Lorenz curve. Figure 1: Lorenz curve (Source: Anonymous, n.d.) The further the curve bends from the diagonal, the greater is the inequality in income level. The area between the two

Operations Management in Manchester Airport Essay - 1

Operations Management in Manchester Airport - Essay Example It is evidently clear from the discussion that the prices for durations of parking are advertised on a large bulletin board and thus, no delays due to bill problems for passengers. The parking time at Manchester airport takes approximately 20. There is a large parking area and thus it is uncommon to miss parking space. Security inspection- with the 9/11 attacks, security in airports have been beefed up. Manchester airport is no different and it security operations through. The security procedures take about 3minutes. The delay however is worthwhile. The procedures involve a pat down and screening by X-ray machines for dangerous equipments. Those with dangerous weapons are arrested by the standby police and taken to the nearby Manchester Airport police station. The above security check is for entrance to the airport and not for boarding flights. Queuing- queuing is a security procedure as well as a measure to maintain order. Those in the queue are closely monitored by CCTV cameras whi le they line up to go and purchase or confirm tickets. This is a fundamental operation activity as it helps maintain order in the airport. The time taken in the queue depends on the number of passengers in the airport. But approximately staying in the Queue cannot take more than 10 minutes. The number of teller stations to which passengers buy or confirm tickets are many and thus efficient operation. Ticket buying and confirmation- The airport has a self check-in ticket kiosk which allows one to insert an id and credit card for validation. The boarding pass then prints itself automatically; this reduces the queues at the counters. They also allow one to view the itinerary and select seats. The process takes approximately 5 minutes. According to McGregor theory of operation management, time is an essential factor, all operations are supposed to be time inclusive. The introduction of self-check-in tickets in the airport is thus in line with the McGregor theory. Document Verification- In an international airport such as Manchester, the human traffic is unimaginable. The logistics therefore in of ensuring that everyone is he/she claims to be is thus a nightmare. This operation is both complex and time consuming. It should thus be handled carefully because if handled wrongly could increase the occurrence of a security breach. The counters in Manchester airport are up to the task. The airport has 30 counters for verifying travel documents and thus reduce the delays at this operational stage. Because of the many counters this process takes approximately two minutes. Waiting bay- The passengers then have to wait for approximately 20 minutes in the waiting bay, this is where the non passengers are left. The ticket is used to ensure only those travelling enter into the next section. The time taken here is because of saying goodbyes. The passengers enter into the center of the airport or the terminuses, while those coming to wave the goodbye go out through another sectio n. Those going out get out through n exit door to avoid confusion. This is operation is helpful as it enables security to monitor movements. Eating/feeding- Tax free hotels inside the hotels ensure that those travelling eat what they want. The hotels offer all types of food. The area is a wireless networking gateway. The food is necessary for long distance travelers who do not want to take food in the plane.