Economic Growth and Poverty Gap Essay

The economic and cultural divide between developed and developing countries has been apparent throughout history, so the existence of this ever growing “gap” is no secret to any global citizen. Although this gap has been evident for decades, we must ask ourselves how has this gap continued to grow as the world advances. How can one measure the size of this gap if it is not actually visible? By comparing the economic statues of multiple developed and developing countries along with their levels of gender equality that obviously contributes to the economic gap. These factors can be used to assess the gap that has grown and continues to grow between the developed and developing worlds. A developed country is defined as a country that is more…

Every day over one billion people globally are faced with the consequences of economic inequality and are required to survive on less than $1 a day. This extreme poverty is caused by a large economic income gap as well as the overall affects caused by global inequality. As defined in Essentials of Sociology, global inequality is the concentration of resources in core nations and in the hands of a wealthy minority (Ritzer 288). This essay addresses the ongoing issue of global poverty and…

justifications. The challenging gap between poor and rich is even more troublesome to fix. Distributing a portion of the wealth to the poor may alleviate poverty but can cause many other dilemmas. A way to completely eradicate poverty with no repercussions has not been discovered. Every idea follows consequences. It has now become a very important, popular topic. Income inequality isn’t new, but it’s the new economic issue of the campaign season. Presidential candidates in both parties are…

The issue of poverty in African has created a global concern, with many countries in African being a victim of poverty. The state of poverty in most countries has been viewed as a multi-dimension that has been linked to various factors such as income level, consumption rate, socio-economic position, and political indicators. Its effect has been attributed to instability within a country and increase of mortality rate. In a close look at Ethiopia, a lot can be concluded from the issue of poverty.…

Introduction In many developing countries, such as India, China, Thailand, and Vietnam, notable economic growth has been achieved over the last few decades. However, the growth is accompanied by huge increases in inequality, which is a threat to further economic growth and can also lead to serious social problems. As a result, many developing countries are seeking ways to fight against economic inequality —— progressive taxation is imposed on the rich and financial aid is provided to the poor,…

Income inequality is the uneven distribution of assets among a population. In India, income inequality has been rapidly increasing over the pass years. Due to the expeditious growth of population, the discipline of the society begins to collapse, resulting in a rise of many inequalities in health, education and gender. In India, the top 1% holds nearly half of the country’s wealth and the rest of India owns only the remaining quarter. This unequal distribution of wealth is caused by the failure…

process of development. Poverty, to be specific, is not just about low income it’s about susceptibility, institutions that aren’t accountable, powerless institutions and exposure to violence. (World Bank, 2006) There is an increased emphasis given to democracy and participation in social development, which is often hindered by the existence of inequalities in a nation. Since social…

Economic Inequality Economic inequality is a growing issue on a global scale with many believing that it is part of the world we live in and there is nothing that can be done to solve it. In fact, there are many different contributors to economic inequality that can be solved individually to reduce its overall impact. Economic inequality is the difference between the rich and poor and has been an issue for quite some time. An economic balance must be found as a large wealth gap can hinder long…

The article explores the contrasting aspects when it comes to the “wage gap” between men and women. Through the use of employer-employee data and surveys, the author explains why the gender wage gap can be justified in some cases. There are, according to the author, differences in productivity factors that can have an impact on women’s wages. For example, female employees tend to be seen (or are) less productive, but more adaptable into a work space or condition. It is also stated that female…

compares the pay of non-star professional soccer player in the male and female leagues. The numbers 1-50 indicate the players rank. Note the dramatic difference in pay between the players ranked at 50. The man ($246,238) make 10 times as much as the female player (25,516) (Das, 2016). 
Women’s Median Annual Earnings as a Percentage of Men’s Earnings for Full-time Work from 1974–2014. This graph shows that pay gap is narrowing but the progressive closing of the gap as slowed in recent years…