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Growing Inequality Gap. ... 4). It is only through national policies that promote general
welfare that countries can help escape to the growing inequality gap. ...
... Sept. 2002. 6. "Grounded by an Income Gap: Inequality Just Keeps Growing
in the US." The Nation 5 Aug. 2002. 7. Newman, Katherine. ...
... the richest and the poorest nations over the past century, a wider income gap can
be seen growing and this therefore means that income inequality has increased ...
... Income inequality refers to the gap between the ... United States has the most unequal
income distribution in the industrialized world, and it is growing at a ...
... This gap increased to thirty to one in 1960 and to ... In conflict theory, Structural
inequality happens ... reality that the urban poor are constantly growing, side by ...
Submitted by steevo on December 8, 2005
Category: Social Issues
Words: 2770 | Pages: 12
Views: 294
Popularity Rank: 32,750
Average Member Grade: N/A (Add a Comment / Grade this Paper)
Introduction
Recent trends in the global economy show an ever-widening gap in the equality of wealth and income. Both on the individual national and international levels, countries are becoming further separated on the level on personal wealth. This has come mainly as a result of the process of globalization. Countries are becoming more and more competitive with one another, attempting to remain afloat the expanding globalization process they have put their countries social development at great costs (Human Development Report, 2005). Many of the policies countries enact in order to remain competitive have failed in their ability to help the people. Liberalizing policies, such those specific to trade and finance, have caused greater inequality and stability in terms of employment, income, as well as hindered a countries control over their own policies. In fact, many policies have disabled a countries ability to retain control of both monetary policies and exchange rates (HRD, 2005). One of the best ways of measuring income distribution, an important aspect in the determination of wealth, is through the Gini coefficient. Little (2005) states that the measurement shows the dispersion of income across varying income levels within a country. While the process of globalization has mainly contributed to negative effects in developing countries, the gap of wealth inequality has been growing in the developed world as well. In addition to the numerous policies that are affecting these countries negatively, transnational companies are capitalizing off the impoverishment of farmers. In fact, certain companies are now earning higher profits, while farmers are being paid less for their goods than they were in the past (Siva, 2000). It is necessary for new structural reforms to be implemented if there is to be an improvement in the equality between people within nations as well as internationally. It is necessary that structural adjustments be implemented if...
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