Saturday, January 10, 2009

The 10 Poorest Countries Of The World (GDI, David Lim, Auckland, New Zealand)

The level of economy in countries around the globe is not even. It is somewhere very high and somewhere very low. GDP, literacy rate and employment rate are several parameters of a country to determine the level of its economy. According to a report of the United Nations, hunger causes the death of about 25,000 people everyday. Unfortunately, the number of children is greater than that of adults. Consider several facts of income disparity between rich and poor nations to measure the cleavage between the haves and the haves not. The combined income of the world’s richest individuals leaves far behind that of the poorest 416 million. 982 million out of 4.8 billion people in the developing world live on $1 a day. Another 2.5 billion live on below $2 a day. 40% of the poorest population made up 5% of world income while 20% of the richest population made up 75% of global income in 2005.

A country with a GDP per capita of $765 dollars or less is defined as a low-income or poor country. You may wonder why poor countries remain poor. Some interrelated factors like geography, industrialization, colonialism, education, resources, infrastructure, overpopulation, investment, government and debt make poor countries remain the heavy foot of poverty.

Look into the fragile features of the ten poorest countries of the world.

10. Ethiopia (GDP - per capita: $700)

Seen Better Days - Ethiopia

“The Sadomo region of the Ethiopia is known for producing the best coffee second to Harar….Make Trade Fair!” - mcandrea

Ethiopia ranks 170 out of 177 the poorest countries on the Human Development Index (UNDP HDI 2006). Half of its GDP depends on agricultural activity. The agricultural sector suffers lowdown because of poor cultivation techniques and frequent drought. 50% of its population 74.7 million bears the burden of poverty and 80% lives on bread line. 47% of males and 31% of females are literate. Some parts of Ethiopia run a high risk of hepatitis A, hepatitis E, typhoid fever, malaria, rabies, meningococcal meningitis and schistosomiasis.

Child Poverty

09. Niger (GDP - per capita: $700)

Niger with a population of 12.5 million is one of the ten poorest countries in the world. Drought is a common natural calamity in Niger. It often undergoes a phase of severe food crisis. 63% of its total population lives on below $1 a day. Adult literacy rate is as low as 15%. Life expectancy spans up to 46 years. A number of people die of hepatitis A, diarrhea, malaria, meningococcal meningitis and typhoid fever.

“Escaping from poverty”

08. Central African Republic (GDP - per capita: $700)

Rebel in northern Central African Republic

“Rebel in northern Central African Republic”

The Central African Republic ranks 171 as a poor country. Agriculture is the backbone of its unstable economy. Life expectancy of its meager population 4.3 ranges from 43.46 to 43.62 years. 13.5% of its population is at risk of AIDS.

Destruction in the north-west

“Boy in front of destroyed homes in Ngaoundaye, Central African Republic. Since early 2007, the troubled region has been caught up in fighting between APRD rebels and government troops.” - hdptcar

07. Guinea-Bissau (GDP - per capita: $600)

“Africa, Guinea-Bissau, Bijene, January 2005. Mbemba Djaló, 13 years young, earns some extra cash after school, running his little shop at the veranda of an abandoned colonial house. Photography by Ernst Schade” - ernst schade

The rank of Guinea Bissau as a poor country is 172. Farming and fishing are the only pillars of its economy. The level of income is not even in all parts of the country. About 10% of its adult population is at risk of HIV.

06. Union of the Comoros (GDP - per capita: $600)

Itsandra at sunset

Population growth and unemployment at a high rate are responsible for the poor economy of Union of the Comoros. Population density at a rate of 1000 per square km in agriculture zones may result in an environmental crisis. Agricultural contribution to its GDP is 40%. The low level of education has raised the level of labor force. Economy mainly depends on foreign grants.

05. Republic of Somalia (GDP - per capita: $600)

“Sixteen million people in eastern Africa are in need of emergency food aid and the threat of starvation is severe, according to FAO’s latest report on the Food Supply Situation and Crop Prospects in sub-Saharan Africa.” - ☠ ● qυєєη σƒ яσ¢к ● ☠

Agriculture is the base of the economy of Republic of Somalia in the Horn of Africa. Nomads and semi-nomads comprise a major part of the population. Rearing livestock is the primary source of livelihood for them. The small agricultural industry contributes 10% to its GDP.

Somalia

“Mogadishu. October 2004. View of Mogadishu north. Mogadishu is the place where effects of the conflict are more striking. There are arround 400.000 internally displaced persons. Access to health structures is quite impossible for the danger to circulate in the streets where combats are on-going and all type infrastructures have disapeared: water, sanitation, schools… The absence of state during more than 13 years has made impossible any investment in public structures. It is estimated that around 72% of Somalia’s population lacks access to basic healthcare services and the healthcare system is in ruins.” - abdisalla

04. The Solomon Islands (GDP - per capita: $600)

Solomon Islands Tsunami -- Minister whose church was washed away

“Solomon Islands Tsunami — Minister whose church was washed away”

The Solomon Islands is a country in Melanesia. Fishing holds its domestic economy. Above 75% of the labor class, is involved in fishing. Timber was the main product for export until 1998. Palm oil and copra are important cash crops for export. The Solomon Islands are rich in mineral resources like zinc, lead, gold and nickel.

03. Republic of Zimbabwe (GDP - per capita: $500)

Desperate

“The expression on these guys faces says a million things, weak from hunger and too poor to own shoes or have a shirt to wear. This is all because of the tyrant they call a president.
A beautiful country ruined because of one mans greed. ”
- Mr Sean

Republic of Zimbabwe is located between the Limpopo and Zambezi rivers in the south of Africa. Its economy suffers a slowdown due to supply shortage, soaring inflation and foreign exchange shortage. Zimbabwe’s involvement in the Democratic Republic of the Congo left its economy fragile. The worst consequence of the knelt-down economy is unemployment that is as high as 80%.

“March, 5, 2008. The Zimbabwean currency tumbled to a record 25 million dollars for a single US dollar”

02. Republic of Liberia (GDP - per capita: $500)

Young boy looks through hole in garbage dump

“MONROVIA, LIBERIA - NOVEMBER 12, 2006 : Young Liberian boy standing on Randal street in Monrovia looks through a hole in a garbage filled car that has been turned on its side and salvaged fro spare parts. ( Photo by: Christopher Herwig )” - herwigphoto.com

Republic of Liberia on the west coast of Africa is one of the ten poorest economies across the globe. A decline in the export of commodities, the flight of many investors from the country, the unjust exploitation of the country’s diamond resource, looting and war profiteering during the civil war in 1990 brought the economy of the country to its knees. External debt of the country is more than its GDP.

Government child soldiers

“Liberia: Government child soldiers,Ganta; on the back of their truck is an anti-aircraft gun. © Teun Voeten, 2003.
Liberia’s decade-long civil war was fuelled by weapons imported in to the country in violation of a UN arms embargo. Shipments over three months in 2002 from a Serbian security company, for example, brought in enough bullets to kill the entire population of Liberia.”
- controlarms

01. Republic of the Congo (GDP - per capita: $300)

Street of Kinshasa

“This picture shows what Kinshasa is: full of contradictions. The beauty of the sunlight, nature, happy people contrasts with the filth on the streets, disorganisation, poverty… These two persons seem to stand there, in the middle of all that. Can they push the country forward… Are they part of a generation that will one day live in a modern Democratic Republic of Congo, freed of all suffering and pain?” - fredogaza

Republic of the Congo in Central Africa is the last at the bottom of the economic heaps. Depreciation of Franc Zone currencies, incredibly high levels of inflation in 1994, eruption of the civil war, and continuation of armed conflict and slumping oil price in 1998 broke down the economy of the country.

Former child soldiers

“A group of ‘kotelengana’, or former child soldiers, in DRC” - War Child UK

GDP - per capita (PPP) 2008 Country Ranks. Source: CIA World Factbook 2008.

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Do you know which are the ten richest countries in the world? For answer click here.

The World's Billionaires 2008 (GDI, David Lim, Auckland, New Zealand)

Source: Forbes

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In Pictures: The World's Billionaires

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In Pictures: Race For Title Of World's Richest Man

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In Pictures: Youngest Billionaires

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The World's Billionaires
Buffett World's Richest
Giving It Away
In Pictures
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Women We Envy
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Patrice Motsepe
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The World's Billionaires



The number 13 has long been considered unlucky by superstitious people around the globe. How fitting, then, that Bill Gates' reign as the world's richest person ends after his 13th year at the top.

Despite being worth $58 billion, $2 billion more than last year, Gates is now just the world's third-richest person, ceding the top spot ranking to his good friend and partner in philanthropy, Warren Buffett, whose net worth jumped $10 billion to $62 billion. (All stock prices and net worth valuations were locked in on Feb. 11.) Ranked No. 2 is Mexican telecom tycoon Carlos Slim Helú, whose fortune has doubled in just two years to $60 billion.

It is certainly a dawning of a new era. But not just because of Gates' fall. The 22nd annual rankings of the World's Billionaires reflects all sorts of upheavals in the list's makeup. Two years ago, half of the world's 20 richest were from the U.S. Now only four are. India wins bragging rights for having four among the top 10, more than any other country.

In Pictures: The World's Billionaires

By The Numbers: Race For Title Of World's Richest Man

In Pictures: Youngest Billionaires

For the first time ever, the number of billionaires Forbes could identify crossed into four figures, reaching 1,125. The total net worth of the group is $4.4 trillion, up $900 billion from last year. Despite the turbulence in the U.S. markets, Americans account for 42% of the world's billionaires and 37%, of the total wealth; those shares are down two and three percentage points, respectively, from last year.

Sixteen years after the collapse of the Soviet Union, Russia, with 87 billionaires, is the new No. 2 country behind the U.S., easily overtaking Germany, with 59 billionaires, which held the honor for six years.

The rankings include 226 newcomers. Seventy-seven of the new faces come from the U.S., half of whom made their fortunes in finance and investments, including John Paulson and Philip Falcone, both of whom became wealthy shorting subprime debt. Another third of the new billionaires comes from Russia (35), China (28) and India (19). Two of the most noteworthy new entrants are South Africa's Patrice Motsepe and Nigeria's Aliko Dangote, the first black Africans to make their debut among the world's richest. Dangote is also the first-ever Nigerian billionaire.

It is also a record-breaking year for young billionaires, with Forbes finding 50 under the age of 40, 25 of whom are new to the list. Sixty-eight percent of these under-age-40 tycoons built their 10-figure fortunes from scratch, including Google (nasdaq: GOOG - news - people ) co-founders Sergey Brin and Larry Page; former Enron trader John Arnold, who now runs a hedge fund; India's Sameer Gehlaut, who started online brokerage Indiabulls; and, last but not least, Facebook founder Mark Zuckerberg, who at age 23 might just be the youngest self-made billionaire in history.

Zuckerberg is probably destined to be the most talked about newcomer of the year because of his age and ingenious social-networking site, but there are fascinating entrepreneurs of all ages climbing into the ranks. Some of the more notable ones include China's Gao Dekang, who is one of the world's biggest makers of down jackets and vests; Portugal's Americo Amorim, who turned his grandfather's small cork operation into the world's largest; and Brazil's Eike Batista, who built and lost a gold mining fortune, before hitting it big in iron ore. He is now one of the world's richest mining billionaires.

With all the rosy news of the past year and the overall gains, it is easy to lose sight of the volatility that has been wreaking havoc on these fortunes on a daily basis for months. For instance, Hong Kong's richest person, Li Ka-shing, lost $5.5 billion of his net worth, all tied to publicly held stocks, in the 37 days between Jan. 4 and Feb. 11.

Meanwhile, mainland China's richest person, 26-year-old Yang Huiyan, fell from $17.3 billion in September to $7.4 billion in the rankings. Google co-founder Sergey Brin's fortune touched $25.5 billion in the past year but is now down to $18.7 billion. Others were hit much harder, falling off the list entirely, including Lehman Brothers (nyse: LEH - news - people ) chief Richard Fuld and Bear Stearns (nyse: BSC - news - people ) ex-chief James Cayne (he was sacked), both victims of the world's credit crunch, and Pulte Homes (nyse: PHM - news - people )' William Pulte, whose stock collapsed along with the housing market.

What will happen in the next 12 months as we continue our wealth watching? There will likely be some big losers, some big winners and a lot of ups and downs in between. The only certainty is change itself. This page is sponsored by www.TheKiwi.ws

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Top 10 Selling Mobile Phone 2008: Australia (David Lim, GDI)

1 Nokia E71 Nokia E71 Editors’ Choice

With its combination of excellent features and performance, matched with sleek design and its affordable price tag, Nokia's E71 manages to outshine recently released smartphones as our business phone of choice. 07/07/2008

2 Samsung INNOV8 (i8510) Samsung INNOV8 (i8510) Editors’ Choice

The INNOV8 is loaded with features and sports massive storage. If you're in the market for a mobile phone that can do just about anything the INNOV8 should be on your shortlist. 28/07/2008

3 Sony Ericsson Xperia X1 Sony Ericsson Xperia X1

Thee X1's good looks and strong hardware are hampered by frequent performance lag, an unintuitive user experience and its jaw-dropping price tag. 11/02/2008

4 LG Renoir KC910 LG Renoir KC910
With an excellent 8-megapixel camera and a finger-friendly touchscreen, the Renoir is exactly what it sets out to be: one of the best camera phones of the year. 26/08/2008

5 Nokia 6600 Slide Nokia 6600 Slide
If you're not bothered with having every feature under the sun and want a phone that's small and easy to use, the Nokia 6600 Slide is it. 29/04/2008

6 LG Viewty (KU990) LG Viewty (KU990)

The touchscreen interface and sexier design will be enough to make knees tremble, however, the Viewty's 5-megapixel camera falls short of our expectations. 26/11/2007

7 Samsung Omnia Samsung Omnia
In terms of features the Omnia stands out as one of the best smartphones to date. It's a shame this doesn't translate into a phone we'd enjoy using from day to day. 05/09/2008

8 Nokia N96 Nokia N96 It's a little slimmer and it has loads of storage, but Nokia's latest flagship model has little to justify its top-shelf price tag. 12/02/2008

9 BlackBerry Storm 9500 BlackBerry Storm 9500
The Storm's clickable display has given us confidence in touchscreens we haven't enjoyed before now. It won't be for everyone, but those who master this system will be rewarded with an excellent smartphone experience. 09/10/2008

10 Nokia 6500 Slide Nokia 6500 Slide
The Nokia 6500 Slide is an attractive 3G phone, but despite features like video-out doesn't really offer anything enticing enough to buy one. 04/09/2007