Economy


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Economy

Know economy better, make life better ;

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Economy

Lets read quick story,
One day a poor man sat in a Railway Station. Suddenly he thought, he has to buy magazine with his last 80 dollar. He bought magazine, then he went to a busy Bus Station and started to sell those increasing value by 2 dollar each. After few hour he Sold them all. He repeat the process and WOYALA !

Changing time or place or mood money happens.
More importantly the poor man, new place, mood all have potential. :)
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Economy

Good governance

Good governance is a buzz word now. Without good governance Companies or institutions will fall down from the zenith of success to nadir of failure.

There are eight elements in Good governance which are as follows

1. Rule of law
2. Transparency
3. Responsiveness
4. Consensus oriented
5. Equity and inclusiveness
6. Effectiveness and efficiency
7. Accountability
8. Participation

There are lots of articles in internet about those eight elements. This elements are important, so just remember those.
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Economy

Graduation from LDC

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LDC to Developing Country

Three criteria are to be fulfilled for graduation from LDC (Least Developed Country ). 1. income criteria, 2. Human asset index, 3. economic Vulnerabily.

A subsidiary body of the UN Economic and Social Council known as CDP ( Committee for Development policy ) determines the threshold levels on each of the three criteria.

Income: Inclusion threshold in 2018 was $ 1,025.
The graduation threshold is set at 20 per cent above the inclusion threshold. At the 2018 review it was $ 1,230.

Human asset index:-The inclusion threshold has been set at 60
The graduation threshold has been set at 10 per cent above the inclusion threshold at 66

Economic Vulnerability:-The inclusion threshold has been set at 36
The graduation threshold has been set at 10 per cent below the inclusion threshold at 32
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Economy

Undiscipline in Banking Sector

Undiscipline in Banking Sector

Discipline in the banking sector is apparently under strain due to the lack of accountability and transparency. Ineffective financial management in government offer scope of corruption in public financial sectors. It weaken good governance and creates disorder in distribution of national wealth.

It is alleged that loans have been given to fake companies because of political pressure and connivance of dishonest bank officials. Millions of money has been withdrawn in the name of fake companies by opening local letter of credit. there are irregularities in disbursement of loan in banking sectors. Guideline given by central bank is not followed
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Economy

Banks are the mainstream of the financial system of many countries. It has played vital role by providing credit for performing economical activities and at the same time it conglomerate surplus capitals from the general people through different kinds of depository incentives.
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Economy

World Bank Country Classification by income level

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World Bank Country Classification by income level

Economies having Gross National Income ( GNI ) per capita $1025 or less are called Low- income economies.

Economies having GNI per capita between $1026 and $4035 are called Lower middle-income economies.

Economies having GNI per capita between $4036 and $12475 are Upper middle-income economies.

Economies having GNI per capita $12475 or above are called High-income economies.
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You have your own theory, idea, experience, style but Hesitated to express if people laugh at. It could be world winning theory or style, who knows! so reveal it for other. Let the people know it.


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