Rapid Economy Developmentt Essay Example | Topics and Well Written Essays - 1250 words

Rapid Economy Developmentt - Essay Example Both India and China government can now provide timely and more efficient services for everyone’s wellbeing. This is as a result of more people being able to pay their taxes as there are more employment opportunities. The availability of more revenue has thus enabled them to improve on the medical healthcare facilities and education. This not only has private benefit, but a healthy population can be more productive due to the increased life expectancy. There is also the reduction of crime. This is because those lower the social ladder are able to earn enough thus eliminating theft cases. Economic, environmental and global problems that have arisen and are likely to arise On the other hand, rapid growth has caused a lot of harm in China and India. These negative consequences have affected the economic sector, the environment and the global security. These issues arise from expansion of economic activities. As demand keeps on increasing, the more the global side effects. India a nd China being in the beginning phase are experiencing the structural shifts from agriculture to industrial growth. With this, there is a substantial decline in the agricultural share, in these two countries. This has led to the rural- urban migration and thus the amount of farming has reduced. While this happens, the levels of energy consumption go high thus the release of poisonous gases into the environment. To achieve economic growth, these two countries have to increase in manufacturing exports, and decline in manufacturing imports. This leads to increase in energy consumption levels which cause environmental dilapidation. Both China and India are dependent on coal, fuel and electricity as sources of energy. India consumes a lot of energy in the form of solids which include coal and commercial wood. With the rate of economic growth, they had to depend more on liquid fuel, which includes petroleum. However, with the scarcity of oil sources, India had to depend on liquids from th e rest of the world, therefore, started importing, which has peaked annually. China being a popular nation with rapid industrialization requires a lot of energy. From the availability of resources, China depended more on solid fuel mainly coal. However, the energy consumption went higher each year, creating the need for other sources of energy and that's when they started falling back on liquid fuel (Erol & Yu, 1987). By the year 2005, China was the second largest consumer of oil led by United States of America. The net imports for oil seem to be growing each year. This puts an economic strain on citizens who pay for these imports indirectly through their taxes. This high usage of energy in these two countries causes the main problem of pollution. While meeting the high energy demand, the energy production causes the release of toxic gases like carbon dioxide and sulphur. High dependency on coal in both China and India causes severe air pollution by release of sulphur in the air whi ch is the cause of acid rains. The continued emission of these gases is a leading cause of global warming, which causes the erosion of the ozone layer, resulting in the rise, in temperatures. The effects of this are already global; with the melting of snow ice and glaciers, the rivers are overflowing causing high dispensation of waters into the oceans. Other effects of global warming are the increase

Intergovernmental Finance and Paying a Share of the Cost Incurred by P Assignment

Intergovernmental Finance and Paying a Share of the Cost Incurred by Provincial Governments for Infrastructure Improvements - Assignment Example The control of funds is in the central government and it determines the distributable pool of resources. This is a Type D grant. It is a shared type of grant because it comes from the national tax. It however under the discretion of the central government where the 10% incomes tax will be allocated that is why it is Type D which is an ad hoc type of shared tax. IV. Annually the national government determines the amount of aid it will provide to subnational governments. The distribution of this financial aid is based on population density, the percentage of citizens under the age of fifteen, and the average household income. This is a Type F grant. This is an ad hoc transfer since it is under the central government’s discretion where to allocate the funds. It is further classified under the formula type of ad hoc transfer since the division of funds for allocation will be based on the computation of certain objective criteria and elements, in this case, population density, household income and percentage of a citizen under 15. This is a Type K grant. This is a type of reimbursable expenditure based on an emergency situation in a local unit. The funds will be approved and will come from the central government and the funds to be allocated would be the total or partial cost needed by the local government. VI. Local governments receive 40 percent of the motor vehicle license fees collected by the provincial government. The fees are allocated to the local governments based on the percentage of motor vehicles the province that is owned by residents in a particular local government jurisdiction. This is a Type B grant. It is a shared type of government funds but instead of being a national tax, the funds are from the provincial government collected from regular fees collected for the issuance of motor vehicle license. Forty percent is allocated to the local unit based on certain elements, in this case, the percentage of a motor vehicle owned by residents in a certain province.