{"id":30,"date":"2014-11-10T10:43:50","date_gmt":"2014-11-10T10:43:50","guid":{"rendered":"http:\/\/www.globaleconomistforum.org\/?page_id=30"},"modified":"2019-12-28T09:45:54","modified_gmt":"2019-12-28T09:45:54","slug":"economic-factors","status":"publish","type":"page","link":"https:\/\/www.globaleconomistforum.org\/?page_id=30","title":{"rendered":"Economic Factors"},"content":{"rendered":"\n\n\n

\u20183-zero\u2019 policy for <\/strong><\/p>\n\n\n\n

a developed world<\/strong><\/p>\n\n\n\n

Poverty reduction<\/strong>:<\/p>\n\n\n\n

The Global Economist Forum (GEF) recommends\nimplementation of \u20183-zero\u2019 agenda in the world for becoming sustainable\ndeveloped global village by the year 2030. The governments of all member\nnations should plan budgets targeting to make 0% poverty, 0% unemployment and\n0% carbon emission. The GEF board approved the recommendations recently. <\/p>\n\n\n\n

The GEF research found that the world has\nmade remarkable progress in reducing poverty, supported by sustained economic\ngrowth. Based on the international poverty line of $1.90 per person per day, 58,89,34061\nor 8 percent of the total population of the world are living in extreme poverty.\nIn parallel, life expectancy, literacy rates and per capita food production\nhave increased significantly in the recent days. Progress was underpinned by 4\npercent plus growth over the decade and reaching US$ 87,265,226,000,000or 2.9 percent in 2019-20, according to GEF estimates. Sustained\neconomic growth has increased the demand for energy and transport, and spurred\nurbanization. Insufficient planning and investment have resulted in\nincreasingly severe infrastructure bottlenecks. <\/p>\n\n\n\n

To achieve growth aspiration of becoming an\nupper-middle income country by the Asian and African under developed nations in\n2020, the countries need urgently to implement structural reforms, expand\ninvestments in human capital, increase female labor force participation, and raise\nproductivity through increased global value chain integration. Improving\ninfrastructure as well as the business climate would allow new productive\nsectors to develop and generate jobs.<\/p>\n\n\n\n

Employment generation<\/strong>:<\/p>\n\n\n\n

The global unemployment rate increased to 7.7%\nin Dec 2019, from the previously reported number of 7.5% in Dec 2018.\nUnemployment rate is updated yearly, available from Dec 1991 to Dec 2018, with\nan average rate of 7.5%. The data reached an all-time high in Dec 2009 and a\nrecord low of 6.5% in Dec 2015. The data is reported by the Global Economist\nForum.<\/p>\n\n\n\n

The\nunemployment rate is defined as the number of unemployed people as percent of\nthe labor force. The labor force includes the people who are either employed or\nunemployed, i.e. who don\u2019t have a job but are actively looking for one. The\nlabor force does not include people who are not looking for work, children, and\nthe retired. <\/p>\n\n\n\n


\nThe unemployment rate seldom declines below 1.2 percent even during boom times.\nThere are always people who move between different sectors of the economy or\nbetween cities. When the economy goes into recession, then unemployment can\nreach much higher numbers, sometimes even in the double digits. <\/p>\n\n\n\n

Unemployment\nrefers to the share of the labor force that is without work but available for\nand seeking employment. <\/p>\n\n\n\n

The\nGEF recommends a pro-employment budget of member nations which will help to\ncreate more employments for both the educated and uneducated youths. The\nemployment rate could be increased by strengthening private sector credit\ngrowth, lowering borrowings by the government. <\/p>\n\n\n\n

Carbon emission<\/strong>:<\/p>\n\n\n\n

The\nworld per-capita carbon emission is around 4.981 metric tons annually (MtCO2e),\nwith the agriculture industry contributing nearly 40 percent to overall\nemissions. The global carbon emissions increased 59 percent from 1990 to 2019,\nwith an annual average rate of change of 1.2 percent. <\/p>\n\n\n\n

The\nGlobal Economist Forum identifies improving transportation sector energy\nconsumption as a priority since its share of emissions is growing faster than\nany other sector; although the agriculture industry is the leading emitter of\ngreenhouse gases primarily due to rice production, enteric fermentation, manure\nand poultry litter management. <\/p>\n\n\n\n

The air quality<\/a> in many<\/a>\ncities, according to a WHO<\/a> survey of 2019, is the worst of any major\ncity in the world. Air pollution<\/a>\nis estimated to kill about 4.3 million people every year. India has the world’s\nhighest death rate from chronic respiratory diseases<\/a> and asthma<\/a>,\naccording to the WHO. In Delhi, poor quality air irreversibly damages the lungs\nof 4.2 million or 50 percent of all children.<\/p>\n\n\n\n

In the year 2019, ambient air\npollution was responsible for 4.2 million deaths. Worldwide, ambient air\npollution is estimated to cause about 16% of the lung cancer deaths, 25% of\nchronic obstructive pulmonary disease (COPD) deaths, about 17% of ischaemic\nheart disease and stroke, and about 26% of respiratory infection deaths.<\/p>\n\n\n\n

Particulate matter pollution is\nan environmental health problem that affects people worldwide, but low- and\nmiddle-income countries disproportionately experience this burden.<\/p>\n\n\n\n

The\nGEF recommends not increasing use of fossil fuel in power plants, rather\nputting emphasis on solar and air resources for power generation. The budget\nshould formulate guidelines for reducing Carbone emission development programs.\n<\/p>\n\n\n\n

The\nworld aims to develop from a low income economy to the first stages of a\nsustainable economy by 2030. However, emissions relative to GDP remain well\nover double the world average and there remains great potential to further\nreduce carbon intensity. Climate change mitigation targets and plans are\noutlined in the factsheet. <\/p>\n","protected":false},"excerpt":{"rendered":"

\u20183-zero\u2019 policy for a developed world Poverty reduction: The Global Economist Forum (GEF) recommends implementation of \u20183-zero\u2019 agenda in the world for becoming sustainable developed global village by the year 2030. The governments of all member nations should plan budgets […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-30","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.globaleconomistforum.org\/index.php?rest_route=\/wp\/v2\/pages\/30","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globaleconomistforum.org\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.globaleconomistforum.org\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.globaleconomistforum.org\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globaleconomistforum.org\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=30"}],"version-history":[{"count":8,"href":"https:\/\/www.globaleconomistforum.org\/index.php?rest_route=\/wp\/v2\/pages\/30\/revisions"}],"predecessor-version":[{"id":464,"href":"https:\/\/www.globaleconomistforum.org\/index.php?rest_route=\/wp\/v2\/pages\/30\/revisions\/464"}],"wp:attachment":[{"href":"https:\/\/www.globaleconomistforum.org\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=30"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}