...to the OECD report, the income of the richest 10 per cent of 34 member countrys is nearly 9.5 times more than that of the poor. It has been increased, compared with 9 times in 2007 and it means that income disparity has been exacerbated proportionately. The report especially highlight that the gap between rich and poor has been growing more quickly than the gap that has widened over the past 12 years. A global gap between rich countries and poor countries is more serious than ever. Erik Reinert, the author of a book titled "How rich countries got rich and why poor countries stay poor?", discusses about this long title itself regarding the issue above. Once again, "How rich countries got rich and why poor countries stay poor?" Reinert is considering about what causes this phenomenon and how can we fix this problem in this book. Orthodox development economists argue that mainstream economics(neo-liberalism) and international free trade can narrow the wage and rich-poor gap between rich countries and poor countries. Reinert criticizes them because there don't exist any exmaples of success in narrowing the gap historically and argues that "harmonious economy" is not a result of internationl free trade and laissez-faire but conscious policies since in contrast to rich countries which are already developed through protectionism, direct subsidies and government intervention so ready for free trade, poor countries are not because of their incompetitive industries. In other words, fair...
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...in poverty. As reported by Forbes (2014), America’s wealth is shrinking because of falling home prices. Rises in home prices help the middle class; while the rise in stock prices help the rich. Wealth inequality has a negative and significant effect on economic growth. Billionaires have become a lot richer, while the rest of the world has been experiencing a financial standstill. The number of billionaires in the world has increased significantly since the financial crisis. In fact, it has doubled. The richest in the world have more money than they can ever spend, while millions of people are living in poverty and have no education. It is clear that we have a government for the rich. The rich are the ones that make up the majority in the House of Representatives. While only 2 percent of the seats in congress have working class backgrounds (Geier, 2014). For instance, the Republicans in the House of Representatives just passed a bill that would raise taxes on the poor and trim taxes on the rich. It is evident that people thin the rich have unfair advantages. People still appreciate the rich for their charity but they are still judged for having more advantages and just the fact that they are wealthy. We are all born with the same advantages of the rich. It is what we make of ourselves that’s important. We hold the key to our own destiny. We can’t rely on others to...
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...Barrow and Swift use different literary form to support their ideas about charity and generosity. Barrow uses sermon to persuade the rich people in his country to be charitable to the poor. Moreover, Barrow is being repetitive in his work, which is good because he wants to the readers to get his main ideas of being charitable to the poor, and he also relates charity to God and official Church of England. He emphasizes that being charitable will change God’s decisions on salvation and if you are not charitable you will be damned. His sermon also backed up by church’s doctrine, so the wealthy people of England believe on what Barrow stated. He stated that people were born equally, but economy in the world creates discrepancy between people, which he wants the poor also be equally recognized as a person and the poor can feel some luxuries that the rich people have. On the other hand Swift use ironic satire to mock about the careless attitude in his country, also he has gone to extreme on his proposal, giving nasty concept and illustration to draw people’s attention. In his work, he tells the poor family should sell their baby as food, because they will get money for it, and the burden of raising the children are gone. He also support his proposal by giving calculations of how much money the poor have to spend to raise a child and how much money will the family get for selling it. This sort of calculation supports his ideas that by following his proposal, poverty problem can logically...
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...arise as a result of people realizing that the current systems do not give back to them in an equal measure to that they themselves give to the systems. Upon realization that the various systems established within any state work for the benefit of the same persons, people will abandon the ways that they have followed blindly for so long and choose a way that will be in favor of the majority. Karl Marx is well known for his contribution to the upholding of the capitalist lifestyle that encourages individuals to work in order just to benefit themselves. This is usually done by a minority few who have the means to control the larger part of the population. The minority are the rich who have the means to produce goods while the poor are the majority and these do not have the means to produce goods. The minority rich depends on the labor provided...
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...it is that throughout human history wealth is unusual and poverty is normal. This can be seen just by looking at the distribution of the world’s income; and yet because of the difference wealth makes on people’s lives it is still something that everyone strives to have. The reason everyone strives so hard to gain wealth is because of the fact that if you have money you can better your own and your family’s life. In many countries including here at home in the United States there is a growing gap between the wealthy and the poor and nowhere is this disparity seen more than in the quality of education received by wealthy and poor students. Not only is there a growing gap here in the United States between its own citizens, but there is a growing gap between wealthy and poor nations as well. The growing gap between the rich and the poor is only going to continue to expand as more and more technological advancements are made by wealthy countries. This means that crime rates are only going to increase along with these advancements. The disparity in education between wealthy and poor students is unbelievable. I have seen the difference in education first hand as I grew up which is why I have chosen to write about the inequality in the quality of education received between rich and poor children. When I was younger I went to an inner city school and compared to the school that I graduated from it was nothing. My elementary school that I went to did not even have a music class...
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...more. The Dark Side of Social Evolution (London: Anthem Press, 2002), “Rich countries and their agencies … commonly have been and are accomplices in corruption abroad, encouraging it by their actions rather than impeding it… · The impact of Cold War corruption (supporting dictatorships, destabilizing democracies, funding opposition, etc); · Firms from rich countries bribing rulers and officials from developing countries to gain export contracts, particularly in the arms trade and in construction (even justifying it by suggesting bribery is “customary” in those countries, so they need to do it to, in order to compete); · The “corruption-inducing effects of the purchase, by the rich countries and their international corporations, of concessions in Third World countries to exploit natural deposits of oil, copper, gold, diamonds and the like.” Payments made to rulers often violate local (and Western) rules, keeping corrupt rulers in power, who also embezzle a lot of money away. · The drug trade. Neild suggests that international law and national laws in rich countries that prohibit drugs may serve to “produce a scarcity value irresistible to producers, smugglers and dealers.” Governments and civil society in the third world are often “undermined, sometimes destroyed” by the violence and corruption that goes with the drug trade. “This is probably the most important way in which the policies of rich countries foster corruption and violence. · Legalizing drugs, a system of taxation...
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...them being wealth distribution. There is the poor, middle class, and the rich. It is evident from the graph shown that the poor are getting richer, the rich are getting richer, and the middle class is getting poorer. So, what is the cause of this? The big answer economist will say is “It Depends”. It depends what factor you look at because there are many. The one I want to focus on is globalization. Is globalization a factor in wealth growth? How is it a factor? Is globalization positive or negative for wealth growth? If anything, what should be done? These are all the question I will try my best to answer in this essay. Globalization VS Wealth Growth Back to the previous question, does globalization effect wealth growth? My answer is, yes. It absolutely effects wealth growth for all nations. Globalization effects a lot of economic studies. For an explanation, let me first define globalization. TechTarget.com defines Globalization as the tendency of businesses, technologies, or philosophies to spread throughout the world, or the process of making this happen. The global economy is sometimes referred to as a globality, characterized as a totally interconnected marketplace, unhampered by time zones or national boundaries. There are probably different ways globalization effects but, I want to look at the business portion of globalization. Every big corporation is always looking for ways to make their production cheaper so they can make more profit. One way is cheaper labor, and resources...
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...donate to overseas aid organizations such as UNICEF of Oxfam America all money not needed for the basic requirements of life. “The formula is simple: whatever money you’re spending on luxuries, not necessities, should be given away.” Singer’s solution can help some people in some situations, but it can’t help everyone. There are many instances where donations of money given to people would help immediately and there are rich people that can support many families. However, I don’t believe that people in poverty should be given handouts, there are people that wouldn’t necessarily benefit from donations, and if the rich are controlling all donations they have more power than our government. I believe that some money should be given to help create jobs in our country, and instead of donations being used for funds it should be the tax money from all the people....
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...explain why some countries are richer than others The wealth of a country can be measured by many different ways. People may judge it by the countries natural resources or by the countries welfare in an economical plan. To be simple the basic economy of a given country decides its slot in the positioning of poor or rich. There are three major categories of countries – first world, developing and third world countries. First world countries are with stable prospering economies and generally in a good state. Good examples for that China, Japan, The USA, The UK, Germany etc. In the category of developing states are included most of the countries in the world. Generally they are trying to take the example of first world countries and better themselves in their image. Examples for third world countries are most of the states in Central Africa. There is a huge gap in between first and third world countries in aspects of economics, life standard and even resources. Even though the already developed countries and the still developing countries are quite similar the difference in the economic pans is still enormous. There is a generally accepted theory that the most developed economy in the world acts as a main force pulling other smaller countries or states economies alongside or behind it. For the two centuries the main economic leaders were The UK and The USA respectively. The USA still continues to hold this position. When their economies bloomed many other countries benefited from...
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...The Rich Nations and the Poor Nations (1962), which President Lyndon Johnson remarked "excites and inspires me" and Adlai Stevenson found "exceedingly important," was described in the New York Times Book Review by Eric F. Goldman as "wondrously lucid, richly informed and trenchantly argued, tough-minded but never failing to assume that intelligence and will can move human society forward." An enlightening book by Barbara Ward namely “The Rich Nation and The Poor Nation” talks about the differentiation of countries toward each other. The book has six (6) chapters: The Rich Nations, The Poor Nations, Communism Blue Print, The Economics of Development, The Politics of Development, and lastly Not by Bread Alone. Individually, it discusses topics that may help the low-economy country to rise like the others. Each chapter, although individually implied, relate their discussions to one another. We live in a most catastrophically revolutionary age that men have ever faced. Revolutions is not what we think about an event or series of interconnected event but it is ideas that changes our ways of life, the way we look things, changes everything out of recognition and changing it fast. The distinction between rich nations and poor nations is one of the great dominant political and international themes of our country. Underdeveloped is not the best way to describe the poor nations because some of them had been in the great civilization. Communism is a sort of resume of the revolutions...
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...Bichari Champudi By Varsha Adalja All over the world rich people sit there drinking cosmos and margaritas, aware of the fact that some others are starving and living on the avenues, while they get their nails done. In India a lot of their population lives in reduced and cruel environments. As a family, rich or poor, we have a responsibility towards them to help each other. The responsibilities we have in our families are different from Country to Country, in some; the help is being brought from even children, which would come as a chock from other cultures and Countries. In India it comes as a naturel routine helping each other, it is not naturel in many other Countries that the children are helping bringing the food on the table. India is a country of great economic prosperity. As globalization has moved Western jobs among other countries such as India, it has resulted in more than a hundred thousand have come out of their deep poverty. In the short story by Varsha Adalja, produced in 1979, it is a 3. Person omniscient narrator. The short story involves a poor and sick family; they help each other in as many ways as they can to survive. Champudi is a girl who lives a poor life with the rest of her family. The family includes her father, her mother, her big brother and little brother. Her father and little brother are both very sick, and therefor they need to obtain money for medication, simultaneously they also need food and water. Therefor they everyday go into the...
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...tsunami that swept across the Indian Ocean left some 300,000 people dead. Millions more were left homeless. Within days of the tsunami, one of the worst natural disasters in recent history had given rise to the world’s greatest international relief effort, showing what can be achieved through global solidarity when the international community commits itself to a great endeavour. The tsunami was a highly visible, unpredictable and largely unpreventable tragedy. Other tragedies are less visible, monotonously predictable and readily preventable. Every hour more than 1,200 children die away from the glare of media attention. This is equivalent to three tsunamis a month, every month, hitting the world’s most vulnerable citizens—its children. The causes of death will vary, but the overwhelming majority can be traced to a single pathology: poverty. Unlike the tsunami, that pathology is preventable. With today’s technology, financial resources and accumulated knowledge, the world has the capacity to overcome extreme deprivation. Yet as an international community we allow poverty to destroy lives on a scale that dwarfs the impact of the tsunami. Five years ago, at the start of the new millennium, the world’s governments united to make a remarkable promise to the victims of global poverty. Meeting at the United Nations, they signed the Millennium Declaration—a solemn pledge “to free our fellow men, women and children from the abject and dehumanizing conditions of extreme poverty”. The declaration...
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...Sylvanus Bockarie English 102 Essay 4 Kinghon, Kevin A Capitalism in United States What Kind of Capitalism does Americans want? First of all, I am going to show a quick overview of the unfolding of capitalism since the Great Depression, which I believe is vital in order to understand the capitalism that exists in the United States today and some of the problems to it. Then I will look at four different complex areas of free market capitalism in America compared with the Scandinavian government control capitalism. I will then talk about what kind of capitalism we want: We being different interest groups, such as the shareholders, the C.E.O.'s, the average worker and the poor. Finally I will talk about what values might be at stake in capitalism. In the United States, the 1930s Great Depression threatened to knock out the capitalism that had been gradually developing for the past 400 years and this led to abandoning the laissez faire capitalism and instead embracing the New Deal concept of government managed capitalism in order to control money supply and government expenditure, and in order to limit the increasing gap of inequality of income. The 1950s and 1960s were decades of equality, but the energy crises of the 1970s forced the government to kick start the economy imposing new taxation benefiting the rich and once again causing widening inequality. Today, capitalism is the most important economic system of the Western world, in its however various forms: In the...
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...among people c) Rich help to poor ones III. Review a) Expertise and evidence of the author b) Preciseness with author’s correct interpretation of his conclusion IV. Evaluation a) Logical argument b) Right interpretation of the text and dated/outdated V. Conclusion a) Agreement b) Support of the statement Garrett Hardin (b. 1915) is interested in natural science who publishes this to the people who does not know that much information. He graduated at the University of Chicago and at Stanford University where he received Ph.D. which help him in his passion of being a connector between society and an environment. The books he has written so far are for example, Lifeboat Ethics: The Case Against Helping the Poor (1974). Helping people that are less fortunate perpetuates the cycle of misfortune and has nothing to help them. In terms of studying an environment earth is called a “spaceship” to better develop the idea of world ethics where people live in societies with different rules and powers. Those who are seen as rich ones live on lifeboats and poor ones are in water swimming around them. People from not developed countries keep trying to board on the “lifeboat” in order to survive but “we must recognize the limited capacity of any lifeboat” (Hardin 478) because otherwise no one will survive. The reason for this is the significant difference between growth of population the poor and rich countries. The amount of increasing poor countries would in quarter of...
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...Question 1 Before the 20th century South America had a reputation of military dictatorship, democracy had yet to be discovered. The transition wasn’t smooth but yet most South American countries managed to enter the 20th century with somewhat democratic governments. This essay will consider how in a fresh out of the oven democratic era they were still some countries that were dealing with dictatorship; that oddly enough operated in very different ways but the result was the same: One man had full power and control over his state. More specifically this essay will study Venezuela and Chile, Hugo Chavez and Augusto Pinochet, populism and authoritarianism which in a remarkable yet fairly different way narrows it down to the same result: Presidents who made their way to the top and managed to become dictators of their states. Throughout time they way governments have chosen to govern their states has been based on different political ideologies that were shaped over history. This essay will focus particularly on Authoritarianism and Populism. Venezuela had an example of a dictator, which some Venezuelan considered a hero, who based is political career promoting populism as the best way to rule a country. On the other hand you have Chile a country that today remembers the darkest years of their history inflicted by Pinochet an authoritarian that took over power through no democratic mean at all, and forced his way to the top. Firstly becoming familiar with the political ideologies...
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