Gini coefficient

Introduction The United Nations, whose responsibility is to protect the basic human rights of all individuals, created the Millennium Development Goals to meet unprecedented basic needs of the poor in different areas of the world. The United Nations’ first mission: eradicate extreme poverty and hunger. Nonetheless, how is an entity such as the United Nations, or individual nation-states at that, supposed to break down systems that were meant to be permanent? A system can be described as an…

Social justice is of fundamental significance to the existence and sustainable development of any political society. Social justice describes the fair distribution of goods, services, rights, and duties. Social justice does not imply absolute equality but demands that each person receive the same basic rights and unobstructed access to economic and political resources, not mediated by gender, ethnicity, level of education, economic status, or other demographic characteristics (Jimenez, 2010).…

exploring levels of inequality and social mobility in a group of countries, the U.S. places in the middle. The graph measures social mobility by how much a child’s income is independent of their parents’ income, and measures inequality with the Gini coefficient which determines how much income goes to the…

Q1. Corruption Index: Conditions, Reasons and possible issues Corruption could be defined as the dishonest and unethical behavior in order to access personal profit or exclusive power from political authorities instead of conducting corresponding laws, which could be an important indicator of political risk. In this case, corruption perception index will be used to estimate the scale of corruption. According to the Transparency International (2016), Sweden scores 89 in corruption perception…

widens the income gap, while others disagree. The varying data is caused by the method used to measure the change in income inequality and the standardization of a common currency to compare. Change in income inequality is usually measured by the Gini Coefficient…

is for them to take pride in their country. Another trait of the South Korean people, they used the hostility across the border and poor economic conditions to unite themselves and build their ‘own’ country. It is interesting to note that the Gini coefficient of South Korea indicates that economic disparity is very low, primarily because investment in human capital ensured no one was left…

Poverty is a major issue that affects people worldwide. India is one of the biggest examples of a poverty stricken country with approximately 418 million Indians under the poverty line. India’s diverse culture can be a prime reason for its inequality. Does inequality affect poverty? This inequality has influenced decisions in history which take a toll on current poverty. In present day India, most of the revenue generated are spent on warfare. This has been so since the separation of India and…

income inequality, and vice versa. In terms of inequality, Brazil is an interesting case, as in 1989 it was still ranked 2nd on the world inequality rank, whereas in 2004 they were ranked 10th. Brazil’s inequality has been fluctuating a lot. Its Gini coefficient, a measure of income inequality, rose from 0.57 in 1981 to 0.63 in 1989, before falling back to 0.56 in 2004 (Ferreira, Leite, & Litchfield 2006). The same study argues that many different things are considered to have played a role into…

1. What are life chances, and how do income and wealth affect them? - According to Gilbert (2015), Max Weber came up with this term of life chances in order to explain how the good things that happen in an individual’s lives is determined by their class position in society. Gilbert explains that income and wealth have a significant impact on life chances, but focuses specifically on the “what if” situations—because wealth provides individuals with a safety crutch when say, they lose their…

Over the past few decades, China has become one of the fasted-growing political economics within the world. Although the rapid growth of economy brings out a lot of benefits to citizens, it has not reached all elements of the population. Due to the expanded of the economy, the rising wage gap in China has dramatically increased, and became a major social problem. In terms of most people awareness for this issue especially who are in the rich level, that caused the problem became an adaptive…