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Posts Tagged ‘Oecd’

Overcoming Australian Traffic Engineering Challenges

Posted by Ram Kumar Shrestha on April 25, 2013

– Ram Kumar Shrestha, M.Sc.


Keywords: Traffic Engineering, Traffic Engineering challenges, HDI, Public safety, DIMIA, Skilled labour migration, OECD, Ring road, Roundabout, Intersection, Road crashes, Australian economy.]

Ram Kumar ShresthaBackground

Australia is among the ten most developed countries with second position after Norway under the classification possessing a “very high human development” with HDI 0.929.[1]  Because of high population growth due to DIMIA’s policies to bring migrants and Australia’s road toll indication of falling behind the rest of the developed nations despite huge budget, existing major traffic engineering related problems need to be improved as soon as possible. Australia, therefore, has not only the challenges in maintaining the standard of development activities, but also in sustaining public safety, especially in traffic engineering which needs a concrete plan and implementation strategies.

High Population Growth

The Department of Immigration and Multicultural Affairs (DIMIA) allocates around 130,000 to 140,000 migration places each year – the highest level in twenty years – with a firm focus on bringing in migrants with the relevant skills to complement Australia’s labour market needs and skill shortages. In 2005-06, 97 000 places have been allocated for skilled migration.In this endeavour to make a productive economy possible the skilled labour migration strategy is a must for a country with less densely populated countries. Without this strategy the high standard of living of the country as a whole may not be possible. [2]  Australia’s strategy to bring migrants will, undoubtedly, cause high population growth rate in the future. This must be considered in every major development plan in time to avoid problems in the future thus maintaining development indicators within standards.

TOTAL POPULATION: Actual and projected – Australia

 Graph: Total Population Actual and projected Australia

Source: Feature Article – Population Projections 1997 – 2051 (ABS)

Australia’s population grew throughout the period 1997-2051. The population increased from 18.5 million in 1997 to around 19.3 million in 2001 and is projected to be between 22.1 and 23.1 million by 2021. By the end of the projection period the population is projected to rise to around 23.5 million (Series III), 24.9 million (Series II) or 26.4 million (Series I). This represents a growth of 27%, 35% and 42% respectively between 1997 and 2051. [3] Considering the existing density of the population, the projection may not be a big problem. However; consideration of the population increase for, traffic engineering could become one of the burning issues in the future.

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World’s Deadliest Wealthy Countries

Posted by Ram Kumar Shrestha on April 5, 2012

By Howard Steven Friedman,  Statistician/Economist for International Organization, Columbia University

 Before diving into any detailed analysis of government data, I usually hear the voice of one of my professors telling his favorite statistics joke. It went something like this, “Statisticians are brilliant people. They can analyze raw data, develop complex models, draw causal inferences and make bold projections of the future. They do this fearlessly, without concern for the minor issue that the data itself came from the fellow down the hall who wrote down whatever he felt like so he could get paid.” Analyzing government data isn’t quite as bad as that joke, but statisticians do need to be concerned about the danger of “garbage in garbage-out” in any work that do.

So how do these concerns about data quality relate to identifying the world’s deadliest wealthy countries? It starts with the fact that the data for crime is notoriously fraught with quality issues. Criminologists use the phrase the “dark figure of crime” to describe the amount of crime that goes unreported or undetected. This “dark figure of crime” represents the gap between the true crime rate and the rate found in official reports.

Knowing that the “dark figure of crime” is so large, I decided to focus on homicide rates in this article. Why homicide? For starters, it is a critically important measure of crime since it is perhaps the most extreme of possible crimes, the taking of a life. More importantly, it is considered to be one of the more reliable crime statistics.

So which wealthy countries have the highest homicide rates? Of the 34 countries in the Organisation for Economic Co-operation and Development (OECD), the countries with the five highest homicide rates are, in order: Mexico (highest), Chile, Estonia, the United States and Turkey (fifth highest). Anyone looking at that list would likely call out the fact that these countries, while all being in the OECD, are not equally wealthy. In fact, the United States has a GDP per capita that is more than twice that of any of the other top four most deadly OECD countries. A simple scatterplot, where each data point represents a different country and the US is displayed prominently, gives a clearer picture of how America stands. The graph below shows that for the OECD countries, the US has one of the highest rates of GDP per capita (a rough, but commonly used metric of wealth). You will also quickly see that the US is a major outlier in the general observation that wealthier countries tend to have lower homicide rates. Read the rest of this entry »

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Double Dip: Britain Back In Recession, Say OECD Forecasters

Posted by Ram Kumar Shrestha on March 29, 2012

Britain is likely to be back in a recession, according to international forecasters.

A recession is typically defined as two successive quarters of negative economic growth.

The Organisation for Economic Co-operation and Development (OECD) said GDP – a broad measure for the total economy – is on course to have fallen by about 0.1% in the three months to the end of March.

The OECD also warned the recovery for the world’s biggest economies would be fragile, with the outlook for Europe “very weak”.

In its latest interim assessment of the global economy the OECD estimated the UK economy experienced an annualised retraction of 1.2% in the last quarter of 2011 and of 0.4% in the first quarter of 2012. Read the rest of this entry »

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Double-Dip Recession Will Hit Britain, Says OECD

Posted by Ram Kumar Shrestha on November 28, 2011

Britain’s economy will fall back into recession according to a forecast from the OECD.

Unemployment will rise and weak demand for exports coupled with the government’s cuts will hurt growth in the fourth quarter of 2011 and the first of 2012, according to the economic think-tank.

But despite the gloomy double-dip prediction the OECD said the recession will be “mild” and said the government policy had “bolstered credibility and helped maintain low bond yields”.

The OECD’s chief economist Pier Carlo Padoan said the ongoing eurozone crisis was a “key risk to the world economy”.

Chancellor George Osborne, reacting to the figures on Monday morning said he believed the public were still behind the coalition’s austerity measures despite the predictions: “They have had enough of politicians who think there is a quick-fix solution, who say you can borrow a bit more to get us out of debt. As a result, actually I think the public is behind what the Government is doing.”

But shadow chancellor Ed Balls said the forecasts would concern “hard-pressed families and pensioners”.

“They suggest our economy will continue to flatline, or worse, well into next year and that unemployment will rise even higher. And with our recovery choked off over twelve months ago, they show that the UK will grow more slowly than the eurozone or the USA this year.

Read the Article at HuffingtonPost

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OECD ‘How’s Life?’ Report Measures Well-Being Across The World

Posted by Ram Kumar Shrestha on October 12, 2011

Denmark is the happiest country to live as per OECD?
Read the Article at HuffingtonPost

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The 10 Countries With The Best Work-Life Balance: OECD

Posted by Ram Kumar Shrestha on June 3, 2011

In the list no USA, no UK, no Australia, no Japan and no Canada. Then why people moving to these countries?
Read the Article at HuffingtonPost

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10 Countries With The Worst Income Inequality: OECD

Posted by Ram Kumar Shrestha on May 24, 2011

No idea how to trust this.
Read the Article at HuffingtonPost

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