Economic Growth and Poverty Gap Essay

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, including a large amount of foreign aid. In the following section, I will take a close look at the economic inequality existing in developing countries, using Vietnam as a case study to find out the cause of the inequality, the effect of the inequality…

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…

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…

the process of global economic and political integration which connects countries with the facilitation of global communications. As technology rapidly developed in the past centuries, trade globalization accelerated. Global trade becomes economically and politically important to all countries. As more and more developing and low-income countries enter into the global integration, there is always an ongoing debate on the relationship between globalization and inequality - whether globalization…

experienced and educated as their male coworkers, causing a gender wage gap (Blau and Kahn, 2016). Corbett and Hill (2012) discovered that in United States, women, who graduated in 2008 from the same college as men and who had a full-time employment during 2009, received “82 cents for every dollar” their male coworkers received. It is predicted by Institute for Woman’s Policy Research (IWRP) that it will take females around 45 years to reach wage equality with their male colleagues (Hegewisch…

Title: Chinese economic development and structure problem Method: Introduction China 's economy Efficiency Analysis Problem of Chinese economic Structure China 's economy high speed growth can be remained in the future ? Conclusion Bibliography Some Key wards: China 's economy development China‘s Structure problem Efficiency Population Introduction After China economic revolution, everybody know Chinese economic have increased rapid . For example, after economic revolution ,…

experienced periods of high levels of growth. Outstripping the efforts of many fellow West African countries (Senegal…

One of the main questions currently circulating economic forums is: does income inequality hurt economic growth? Main concerns about global increases in income inequality have motivated nations to study the potential impacts on societies and economies. According to the Organization for Economic Cooperation and Development, OECD for short; one of the resounding conclusions is that poorer members of society are less able to invest in their education. The OECD consists of 34 democracies with market…

China as the second largest economic power in the world currently is facing a dilemma- development or environment? Since the late 1970s, China’s rapid economic development has been accompanied by environmental problems especially pollution and also resource constraints. Thus, it is a challenge for China to resolve and balance both development and environment due to its unique demography and terrain. The study focuses on the development needs and the importance of the environment in the case of…

period of rapid economic growth, rising GDP (gross domestic product), and in turn classifying the nation among the largest economic powers. Yet, despite these apparent successes India still struggles with deeply rooted inequality and extreme levels of poverty that threaten the notion and triumphs of free trade—a policy in which countries can trade with other nations without the installment of government quotas or restrictions. In The Age of Milton Freidman, Andrei Shleifer makes the case for…