Analysis of Livelihood in the World and Its Impact on World Economy

54 Pages Posted: 26 Oct 2020

See all articles by Naushad Khan

Naushad Khan

University of Agriculture, Peshawar - Institute of Development Studies

Shah Fahad

University of Agriculture, Peshawar

Mahnoor Naushad

University of Agriculture, Peshawar

Shah Faisal

University of Agriculture, Peshawar

Date Written: October 22, 2020

Abstract

The study was carried out since 19th October 2020. The universe of the study was the world. The major objective was to analyze livelihood in the world and its impact on the world economy. Total 36 articles were downloaded from the net and analyzed at depth and wrote the conclusion and abstract and result. The study indicates that livelihood play great role for survival of life. Without livelihood the survival of life is impossible. So every country of the world tries for increasing of livelihood sources. The major livelihood sources are the agriculture. Majority world people are engaged with this occupation but very few people of the rural area are engaged with other non farming activities in the rural area. Some people work in industry while some work in fishing. Similarly some people work in government institution. These all activities play great role in survival of life and livelihood.God has created this world for the human being. There multiple things have produced for survival of life . God has created the ecosystem when any one disturb this system then it create problem for humanity of the world. The human is selfish and they always want benefit while they do not care the world and because of this the ecosystem of the world have been disturbed which in the long create problem for human being survival The industrial countries use industry for survival of life while latter on this industry make the environment polluted which create different diseases in the world community which worse the condition of the human. So it is necessary to care the world and use the world in proper way and never miss utilize its material because in long run disturb the ecosystem of the world. So many things have made GOD for the beneficial of world society but sometime over use create the imbalance in this world which disturbs the livelihood of the world community. The study concludes that livelihood is the means, capability and asset for survival of life. Human being is the living organism and every living organism need food for survival. Human being also needs food for their survival. There are flora and fauna in this world. They all need food for their survival. The human being is also the living organism which needs foods and therefore they perform different activities on daily basis and produced food. There are three type strategies are used for livelihood, namely intensification of agriculture, Diversification of livelihood and migration. The people cultivate the land and grow the seed of different crops and produced the production for their daily consumption. Extra production they sell in the market and get money which are saved or used for other activities of daily life while mostly used on their basic needs which are compulsory for survival of life. Similarly some people work on daily wages and earn the money then use on basic needs while some people work in the industries and earn the money and they also used on the basic needs and other activities of daily life. Some people do the jobs in government institution and earn the money and use for daily consumption and shelter while forest plays great role in livelihood provision. The major sources of the livelihood are Financial resources, Human resources, Natural resources, Physical resources, Political resources, etc. These all are used for the purpose of production which are consumed by human being while these all consumption and production is the part of economy which is measured with the help of GDP and GNP. So livelihoods mostly affect the economy positively and negatively. Therefore government tries for generation of employment for solving the problems of livelihood which play great role in poverty alleviation and development of the world. In some countries of world the opportunities of the livelihood is more while in some countries are less, So there many problems are facing to communities. The governments of the world arrange different programs for solution of these problems and try for development of the countries. Similarly livelihoods are affected by different factors in the world. Among these factors the well known are the climate, unfertilized soil, education, transport, human health, natural resources etc. Some countries of the world have rich resources, so there the livelihood means are more and people are prosperous and they enjoy the life while where the resources are poor there life are worse and the people are poor and they do not enjoy good life in the world. There below the poverty line the people are more and all situations are poor as like the vicious circle. The study shows that livelihood and economy has great relation. Livelihood improvement affect the economy positively while poverty negatively. On the basis of problems the study recommends that to care the resources of the world and through education knowledge is transferred to human for their efficiency uplifting which play great role in economic development of a country; Provide good environment to people of the country for livelihood improvement in the world; Good institution should be established for the improvement HRD; Crimes should be removed from the community of the world; Free trade should be developed in the world for livelihood improvement; Provide peace to whole world community for uplifting the economic growth of the world; Job opportunities should be multiplied in the world for prosperity of human being; Always focus on poverty of the world and arrange different program for its solution; Agriculture sector should be developed for supply of food production because without food the survival of the world is impossible. First is survival and then is the enjoyment; other sector of the economy should be developed for improvement of livelihood; Give due attention to forestry and fishing for survival of life and countries development of the world; Forest should be protected for wild life safety and livelihood improvement.

Keywords: Analysis, Livelihood, Impact, Economy, World

Suggested Citation

Khan, Naushad and Fahad, Shah and Naushad, Mahnoor and Faisal, Shah, Analysis of Livelihood in the World and Its Impact on World Economy (October 22, 2020). Available at SSRN: https://ssrn.com/abstract=3717265 or http://dx.doi.org/10.2139/ssrn.3717265

Naushad Khan (Contact Author)

University of Agriculture, Peshawar - Institute of Development Studies ( email )

University Campus
Peshawar, khyber Pakhtunkhwa 25000
Pakistan

Shah Fahad

University of Agriculture, Peshawar

Pakistan

Mahnoor Naushad

University of Agriculture, Peshawar

Shah Faisal

University of Agriculture, Peshawar ( email )

Pakistan

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