Business Economics Assignment, UMS, Malaysia I’VE DEVOTED MOST OF MY life to working for the poorest people, particularly the poorest women, trying to remove

University Universiti Malaysia Sarawak (UMS)
Subject Business Economics

I’VE DEVOTED MOST OF MY life to working for the poorest people, particularly the poorest women, trying to remove the hurdles they face in their efforts to improve their lives. Through the tool known as microcredit, Grameen Bank, which I launched in my home country of Bangladesh in 1976, makes capital available to poor villagers, especially women. Microcredit has since unleashed the entrepreneurial capabilities of over 300 million poor people around the world, helping to break the chains of poverty and exploitation that have enslaved them.

The impact of microcredit in enabling millions of people to lift themselves out of poverty helped to expose the shortcomings of a traditional banking system that denied its services to those who needed them most—the world’s poorest people. This is just one of many interrelated problems suffered by the poor: lack of institutional services, lack of clean drinking water and sanitary facilities, lack of health care, inadequate education, substandard housing, no access to energy, neglect in old age, and many more. And these problems are not restricted to the developing world.

In my global travels, I’ve found that low-income people in the world’s richest nations are suffering from many of the same problems. In the words of Angus Deaton, a Nobel Prize–winning economist, “If you had to choose between living in a poor village in India and living in the Mississippi Delta or in a suburb of Milwaukee in a trailer park, I’m not sure who would have the better life.”

THE TROUBLES PLAGUING POOR PEOPLE throughout the world reflect an even broader economic and social problem—the problem of rising inequality caused by continuous wealth concentration.

Inequality has been a hot subject in politics for ages. Many powerful political and social movements and many ambitious initiatives have been launched in recent years that attempt to address this problem. Much blood has been shed on the issue. But the problem is as far from being solved as ever. In fact, plenty of evidence shows that, in recent decades, the problem of the ever-expanding gap in individual wealth has been getting worse. As the economy grows, so does the concentration of wealth.

This trend has continued and even accelerated despite the positive effects of national and international development programs, income redistribution programs, and other efforts to alleviate the problems of low-income people. Microcredit and other programs have helped many lift themselves out of poverty, but at the same time, the richest have continued to claim a greater share of the world’s wealth.

Are You Searching Answer of this Question? Request Malaysian Writers to Write a plagiarism Free Copy for You.

Get Help By Expert

If you're stressed about an upcoming exam, Assignmenthelper.my has got you covered! Our exam help online service offers expert guidance and support to help you prepare for success. Our team of experienced tutors is available 24/7 to answer your questions and provide personalized study materials that cater to your unique needs. With our assignment help Malaysia, you'll be able to boost your grades and feel confident on exam day. Don't let stress and anxiety hold you back - let us give you the tools and support you need to ace your next exam!

Answer

Recent Solved Questions

Online Exam & Assignment Writing Services

70841+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Group Assignment Help

Online Exam -Test & Quiz

Cheapest Price Quote

Diploma & Certificate Levels

Semester & FYP Papers

Summative & Individual

GBA & Reflective

Last Minute Assistance

Sample Assignment Download

AAR501 Construction Technology II UITM Assignment Sample, Malaysia
AAR501 Construction Technology II at UITM in Malaysia is a study of the principles, components, and assembly methods for various types of timber construction in small to medium-sized buildings, up…
Engineering
BGN132 Structural Mechanics UITM Assignment Sample Malaysia
This course, "BGN132 Structural Mechanics" at UITM Malaysia, serves as an introduction to the fundamental principles of applied mechanics. It plays a crucial role in enhancing students' comprehension of pure…
Engineering

UP TO 15 % DISCOUNT

Instant Paper Writing Services by Native Malaysia Writers

Plagiarism Free Solutions
100% Original Work
24*7 Online Assistance
Native PhD Experts
Hire a Writer Now