Economic inequality
While acknowledging the central role economic growth can potentially play in human development, poverty reduction and the achievement of the Millennium Development Goals, it is becoming widely understood amongst the development community that special efforts must be made to ensure poorer sections of society are able to participate in economic growth. The effect of economic growth on poverty reduction – the growth elasticity of poverty – can depend on the existing level of inequality. For instance, with low inequality a country with a growth rate of 2% per head and 40% of its population living in poverty, can halve poverty in ten years, but a country with high inequality would take nearly 60 years to achieve the same reduction. In the words of the Secretary General of the United Nations Ban Ki-Moon: "While economic growth is necessary, it is not sufficient for progress on reducing poverty."
Great power
Over time, the relative power of these five nations fluctuated, which by the dawn of the 20th century had served to create an entirely different balance of power. Some, such as the United Kingdom and Prussia (as the founder of the newly formed German state), experienced continued economic growth and political power. Others, such as Russia and Austria-Hungary, stagnated. At the same time, other states were emerging and expanding in power, largely through the process of industrialization. These countries seeking to attain great power status were: Italy after the Risorgimento, Japan after the Meiji Restoration, and the United States after its civil war. By the dawn of the 20th century, the balance of world power had changed substantially since the Congress of Vienna. The Eight-Nation Alliance was a belligerent alliance of eight nations against the Boxer Rebellion in China. It formed in 1900 and consisted of the five Congress powers plus Italy, Japan, and the United States, representing the great powers at the beginning of 20th century.
Economic inequality
Studies on income inequality and growth have sometimes found evidence confirming the Kuznets curve hypothesis, which states that with economic development, inequality first increases, then decreases. Economist Thomas Piketty challenges this notion, claiming that from 1914 to 1945 wars and "violent economic and political shocks" reduced inequality. Moreover, Piketty argues that the "magical" Kuznets curve hypothesis, with its emphasis on the balancing of economic growth in the long run, cannot account for the significant increase in economic inequality throughout the developed world since the 1970s.
Daniel F. Spulber
Daniel F. Spulber (born January 31, 1953) is the Elinor Hobbs Distinguished Professor of International Business and professor of strategy at the Kellogg School of Management (Northwestern University), where he has taught since 1990. Spulber is also professor of law at the Northwestern University School of Law and research director of the Searle Center on Law, Regulation, and Economic Growth. He is the founding editor-in-chief of the "Journal of Economics & Management Strategy".
Alps
The region is serviced by 4,200 km (2,600 mi) of roads used by 6 million vehicles. Train travel is well established in the Alps, with, for instance 120 km (75 mi) of track for every 1,000 km2 (390 sq mi) in a country such as Switzerland. Most of Europe's highest railways are located there. Moreover, plans are underway to build a 57 km (35 mi)-long sub-alpine tunnel connecting the older Lötschberg and Gotthard tunnels built in the 19th century.
LB&SCR D3 class
LB&SCR D3 class was a 0-4-4T tank locomotive design, by Robert J. Billinton, built for the London Brighton and South Coast Railway (LB&SCR) between 1892 and 1896. They were built for working passenger trains along country and main lines.
Portugal
By the early 1970s Portugal's fast economic growth with increasing consumption and purchase of new automobiles set the priority for improvements in transportation. Again in the 1990s, after joining the European Economic Community, the country built many new motorways. Today, the country has a 68,732 km (42,708 mi) road network, of which almost 3,000 km (1,864 mi) are part of system of 44 motorways. Opened in 1944, the first motorway (which linked Lisbon to the National Stadium) was an innovative project that made Portugal among one of the first countries in the world to establish a motorway (this roadway eventually became the Lisbon-Cascais highway, or A5). But, although a few other tracts were created (around 1960 and 1970), it was only after the beginning of the 1980s that large-scale motorway construction was implemented. In 1972, Brisa, the highway concessionaire, was founded to handle the management of many of the regions motorways. On many highways, toll needs to be paid, see Via Verde. Vasco da Gama bridge is the longest bridge in Europe.
Estonia
Because of the global economic recession that began in 2007, the GDP of Estonia decreased by 1.4% in the 2nd quarter of 2008, over 3% in the 3rd quarter of 2008, and over 9% in the 4th quarter of 2008. The Estonian government made a supplementary negative budget, which was passed by Riigikogu. The revenue of the budget was decreased for 2008 by EEK 6.1 billion and the expenditure by EEK 3.2 billion. In 2010, the economic situation stabilized and started a growth based on strong exports. In the fourth quarter of 2010, Estonian industrial output increased by 23% compared to the year before. The country has been experiencing economic growth ever since.
Schneeberg Railway (cog railway)
The Schneeberg Railway () is one of three rack railways in Austria still operating, and runs from the small town of Puchberg am Schneeberg in Lower Austria up to a plateau beneath the Schneeberg summit. At , the Schneeberg is the highest mountain in Lower Austria. The other two working cog railways in Austria are the Schafberg Railway (opened in 1893) and the Achensee Railway (opened in 1889).
Alps
The tourism industry began in the early 19th century when foreigners visited the Alps, traveled to the bases of the mountains to enjoy the scenery, and stayed at the spa-resorts. Large hotels were built during the Belle Époque; cog-railways, built early in the 20th century, brought tourists to ever higher elevations, with the Jungfraubahn terminating at the Jungfraujoch, well above the eternal snow-line, after going through a tunnel in Eiger. During this period winter sports were slowly introduced: in 1882 the first figure skating championship was held in St. Moritz, and downhill skiing became a popular sport with English visitors early in the 20th century, as the first ski-lift was installed in 1908 above Grindelwald.
Agriculture in India
The history of Agriculture in India dates back to Indus Valley Civilization Era and even before that in some parts of Southern India. Today, India ranks second worldwide in farm output. Agriculture and allied sectors like forestry and fisheries accounted for 13.7% of the GDP (gross domestic product) in 2013, about 50% of the workforce. The economic contribution of agriculture to India's GDP is steadily declining with the country's broad - based economic growth. Still, agriculture is demographically the broadest economic sector and plays a significant role in the overall socio - economic fabric of India.
Economy of Greece
World War II (1939-1945) devastated the country's economy, but the high levels of economic growth that followed from 1950 to 1980 have been called the Greek economic miracle. From 2000 Greece saw high levels of GDP growth above the Eurozone average, peaking at 5.8% in 2003 and 5.7% in 2006. The subsequent Great Recession and Greek government-debt crisis, a central focus of the wider European debt crisis, plunged the economy into a sharp downturn, with real GDP growth rates of −0.3% in 2008, −4.3% in 2009, −5.5% in 2010, −9.1% in 2011, −7.3% in 2012 and −3.2% in 2013. In 2011, the country's public debt reached €356 billion (172% of nominal GDP). After negotiating the biggest debt restructuring in history with the private sector, Greece reduced its sovereign debt burden to €280 billion (137% of GDP) in the first quarter of 2012. Greece achieved a real GDP growth rate of 0.7% in 2014 after 6 years of economic decline, but fell back into recession in 2015.
Economic inequality
Some theories developed in the 1970s established possible avenues through which inequality may have a positive effect on economic development. According to a 1955 review, savings by the wealthy, if these increase with inequality, were thought to offset reduced consumer demand. A 2013 report on Nigeria suggests that growth has risen with increased income inequality. Some theories popular from the 1950s to 2011 incorrectly stated that inequality had a positive effect on economic development. Analyses based on comparing yearly equality figures to yearly growth rates were misleading because it takes several years for effects to manifest as changes to economic growth. IMF economists found a strong association between lower levels of inequality in developing countries and sustained periods of economic growth. Developing countries with high inequality have "succeeded in initiating growth at high rates for a few years" but "longer growth spells are robustly associated with more equality in the income distribution."
McGillivray Pass
McGillivray Pass (1867 m or 6215 ft) is a mountain pass in the Pacific Ranges of southwestern British Columbia, Canada, located about 30 miles west of the town of Lillooet and immediately west of the upper end of Anderson Lake, above the former resort community of McGillivray (formerly McGillivray Falls). The pass connects the head of McGillivray Creek with the head of Standard Creek, a tributary of Cadwallader Creek and was used as a route by prospectors, miners and hunters heading for the upper Bridge River Country beyond the pass. The pass was proposed at one time for a cog railway to connect the mines at Bralorne and Pioneer with the Pacific Great Eastern Railway (now part of CN but the project never went forward. There are private ski cabins near the summit area of the pass, which is the division between the Bendor Range to the east and the Cadwallader Range to the west (part of the Birkenhead Ranges).
Alps
The extreme and stressful climatic conditions give way to the growth of plant species with secondary metabolites important for medicinal purposes. Origanum vulgare, Prunella vulgaris, Solanum nigrum and Urtica dioica are some of the more useful medicinal species found in the Alps.
Economic inequality
In 1993, Galor and Zeira showed that inequality in the presence of credit market imperfections has a long lasting detrimental effect on human capital formation and economic development. A 1996 study by Perotti examined the channels through which inequality may affect economic growth. He showed that, in accordance with the credit market imperfection approach, inequality is associated with lower level of human capital formation (education, experience, and apprenticeship) and higher level of fertility, and thereby lower levels of growth. He found that inequality is associated with higher levels of redistributive taxation, which is associated with lower levels of growth from reductions in private savings and investment. Perotti concluded that, "more equal societies have lower fertility rates and higher rates of investment in education. Both are reflected in higher rates of growth. Also, very unequal societies tend to be politically and socially unstable, which is reflected in lower rates of investment and therefore growth."
Economic inequality
2013 Economics Nobel prize winner Robert J. Shiller said that rising inequality in the United States and elsewhere is the most important problem. Increasing inequality harms economic growth. High and persistent unemployment, in which inequality increases, has a negative effect on subsequent long-run economic growth. Unemployment can harm growth not only because it is a waste of resources, but also because it generates redistributive pressures and subsequent distortions, drives people to poverty, constrains liquidity limiting labor mobility, and erodes self-esteem promoting social dislocation, unrest and conflict. Policies aiming at controlling unemployment and in particular at reducing its inequality-associated effects support economic growth.
Eswatini
Economic growth in Swaziland has lagged behind that of its neighbours. Real GDP growth since 2001 has averaged 2.8%, nearly 2 percentage points lower than growth in other Southern African Customs Union (SACU) member countries. Low agricultural productivity in the SNLs, repeated droughts, the devastating effect of HIV/AIDS and an overly large and inefficient government sector are likely contributing factors. Swaziland's public finances deteriorated in the late 1990s following sizeable surpluses a decade earlier. A combination of declining revenues and increased spending led to significant budget deficits.
Bochum Dahlhausen Railway Museum
The Eisenbahnmuseum Bochum-Dahlhausen is a railway museum situated south of the city of Bochum in the state of North Rhine-Westphalia, Germany. It was founded by DGEG, the German Railway History Company in 1977 and is based in a locomotive depot that was built between 1916 and 1918 and ceased operation in 1969. Then DGEG took over the whole area of 46,000 square metres and built up the biggest railway museum in Germany. In the middle of the museum, there is an engine shed with fourteen tracks. A preserved turntable, coaling, watering, and sanding facilities are still in operation. This museum is integrated into The Industrial Heritage Trail ("Route der Industriekultur") a route of monuments from the history of the industry.
History of rail transport in India
The country's first passenger train, which ran between Bombay's Bori Bunder station and Thane on 16 April 1853, was dedicated by Lord Dalhousie. The 14 - carriage train was hauled by three steam locomotives: the Sahib, Sindh, and Sultan. Travelling 34 kilometres (21 mi), the train carried 400 people. The passenger line was built and operated by the Great Indian Peninsula Railway (GIPR). It was built in 1,676 mm (5 ft 6 in) broad gauge, which became the country's standard for railways.
Which countries found economic growth while cog-railways were built in the Alps?
When were cog-railways built in the Alps?
early in the 20th century
What countries found their economic growth in #1 ?
United Kingdom and Prussia