(please click here to read the article)
The high rate of the illegal child labor is homework to solve not only for the developing countries, but even for the some of the developed countries. By following the BBC News report, among 751 third year students who were interviewed, more than half had part time job and 96% of them were working without a license. The bylaws of the Scotland says that children under age 16 can work only with the work permit and those aged 10 to 12 years can only be employed doing occasional light work by their parents. Children under 10 cannot work at all. The works that allowed to the under age children are very light works including delivering newspapers, stacking supermarket shelves, etc. However, the study found out that the most of those children workers are involved in much high risk jobs that including delivering fuel oils, working in fairground or amusement arcades working in cinemas, theatres discos or nightclubs.
The concerns on those children who are working illegally do not finish with their low preferment in the schools. The problem becomes larger, as a lot of those children are exposed to the danger of the accidents at the work cite. And since they are working illegally, when the accidents occurred and they got hurt, they cannot ask for paying damage to the employers or to the insurance companies. The city council of Glasgow said that since the council is “unable to enforce the legislation and can only work through providing information, [they] have to rely on the goodwill of employers not to break the law.”
Tuesday, April 10, 2007
Tuesday, March 13, 2007
Overvalued Pounds Holds back the British Economy
Overvalued Pounds Holds back the British Economy
In the article “Brown and King’s silence over Pound is Defending” the writer Matthew Lynn concerns about the overvalued pound; He believes that it resists U.K to join the single European Currency and hurts the British trade with other countries.
At the beginning of the December, the pound reached the $1.98, the highest exchange rate ever since 1992 while many economists expect it rises even more that it will be over $2.00 soon. As an open economy which depends on the international trade heavily, continual rising of the pound will hurt the British economy. However, the British politicians who still have the wound of the pound’s devaluation against dollars in the 1960s hesitate to mention about the problem of the overvalued pounds.
“The rise of the pound against the dollar is the biggest thing to happen to the UK economy this year - and yet it is the one subject the men in charge refuse to talk about.”
In the article “Brown and King’s silence over Pound is Defending” the writer Matthew Lynn concerns about the overvalued pound; He believes that it resists U.K to join the single European Currency and hurts the British trade with other countries.
At the beginning of the December, the pound reached the $1.98, the highest exchange rate ever since 1992 while many economists expect it rises even more that it will be over $2.00 soon. As an open economy which depends on the international trade heavily, continual rising of the pound will hurt the British economy. However, the British politicians who still have the wound of the pound’s devaluation against dollars in the 1960s hesitate to mention about the problem of the overvalued pounds.
“The rise of the pound against the dollar is the biggest thing to happen to the UK economy this year - and yet it is the one subject the men in charge refuse to talk about.”
(The above graph shows the change of US Dollar to British Pound past two years. You can see better if you click the graph)
Tuesday, February 6, 2007
Battle for the world's largest whisky market--India
(click the second title to view the article)
It is not only GDP of India had the enormous growth past 10 years, but the Scotch whisky market in India has been increased as much as GDP. As the average income of the young Indians has been increased, the demand for the whisky has increased rapidly and now India has become the largest market for the Scotch whisky that it consumes 40% more than the second biggest consumer, USA does.
However, Scotch whisky producers are still not much happy about the Indian market, as Indian government put up the enormous tariffs on the Scotch whisky; 525% of the tariff. Because of the high price, the Scotch whisky still remain as 1% of supply in whole Indian alcohol market. Moreover, the whisky producers are more concerned as India has been started to develop its own whisky industry, and a bottle of the domestic whisky is only cost 200 rupees (about 5 dollars) while the Scotch whisky costs 3000 (about 75 dollars).
However, Scotch whisky producers are still not much happy about the Indian market, as Indian government put up the enormous tariffs on the Scotch whisky; 525% of the tariff. Because of the high price, the Scotch whisky still remain as 1% of supply in whole Indian alcohol market. Moreover, the whisky producers are more concerned as India has been started to develop its own whisky industry, and a bottle of the domestic whisky is only cost 200 rupees (about 5 dollars) while the Scotch whisky costs 3000 (about 75 dollars).
Subscribe to:
Posts (Atom)