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People, Human, Humine

In: Business and Management

Submitted By y3162093
Words 2588
Pages 11
Contemporarily, global inequality means the extent to which income and wealth is distributed in an uneven manner among the world’s population. With international trade, more wealth is gradually being transferred from poor areas to others. As a result of this influx, the well-off are enjoying luxury yachts, private aircrafts, upscale restaurants and so forth, while only for the bread of every meal are the impoverished working around clock. A rising number of poor people are suffering from extreme poverty, injustice and illness. The most critical problems are those associated with global inequality. The purpose of this essay is to discuss the problems of global inequality, including its causes, and to identify solutions, providing reasons that support these solutions.
Section 1:
The global inequality, mainly referring to the increasing gap between the poor and rich nations, is an inevitable problem driven by globalization. The number of people whose daily wages were less than 2 USA dollars rose by 350 million around the world during the past ten years (APEC Study Centre n.d., para.1). One of the most significant problems is “the gap in incomes …has grown from 30 to 1 in 1960 to 82 to 1 in 1995” (APEC Study Centre n.d., para.1). According to another report, “the richest 85 people in the world are worth more than the poorest 3.5 billion” (Global Wealth Report 2003). Additionally, the richest one fifth of the world’s population had approximately 78% of the word GDP (Gross Domestic Product), foreign direct investment, export markets and telephone lines, whilst the bottom fifth barely had nearly 1% of those (APEC Study Centre n.d., para. 2).
Section2:
The causes of global inequality primarily involve free markets, the proliferation the Internet, some historical events, the instability of nations or societies, the weakness of human nature (greed) and the disadvantages…...

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