In defining poverty, there is a general agreement that there exists no universally accepted definition for this term. However, a number of attempts have been made by different authors and international institutions to define it. According to Chimanikire, poverty has a variety of manifestations that include lack of income and productive resources enough to guarantee sustainable living; “hunger and malnutrition; ill health; limited or lack of access to education and other basic servcies; increased morbidity and mortality from illness; homelessness and inadequate housing; unsafe environments; and social discrimination and exclusion”(Chimanikire 3). Poverty is as well characterized by lack of taking part ...
Indebtedness College Essays Samples For Students
4 samples of this type
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Introduction. Interpreting financial statements (FS) requires a thorough understanding of basic principles of accounting and reporting. This paper discusses such concepts as accounting equation and basic formats of FS, role of international financial reporting standards (IFRS), US Generally Accepted Accounting Principles (US GAAP) and The U.S.Securities and Exchange Comission (SEC) in the reporting process.
Principal financial concepts. US GAAP are a set of accounting standards used by US companies for financial reporting. They are introduced by the Financial Accounting Standards Board (FASB) in compliance with SEC regulations and FASB mission of setting and improving principles of accounting and reporting which ...
Development Theory
The development theory failed during 1790s. There are several reasons or the failure of the developmental theory. These reasons include increase in the indebtedness, the return of funds to the United States immediately after second war with England, and increase in the debt in the war year. The debt has impacted the economy of the United States badly, and the purpose of economic development remained behind. The developmental theory in which the economic growth and development was emphasized, however, could not be implemented due to the poor condition of the economy. In 1790s, most of the economies have shown ...
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EXTERNAL DEBT SUSTAINABILITY OF U.S: A NONLINEAR APPROACH
Abstract
The main objective of this paper is to carry out an investigation of the sustainability of external debt of US through a non-linear approach. We are first going to test the non-linearity and non-stationary nature of the data simultaneously. We are then going to test the linearity of the ratio against the threshold autoregressive using the TAR model. The US debt sustainability has been an issue of global concern for quite some time now. We are going to analyze it using the MS unit root test which is applied to the debt flow for the current account. The ...
