Gini coefficient

"When George W. Bush was elected president in 2000, a major element of his platform was a cut in income taxes. Bush and his advisers used both supply-side and Keynesian rhetoric to make the case for their policy. (Full disclosure: The author of this textbook was one of Bush’s economic advisers from 2003 to 2005.) During the campaign, when the economy was doing fine, they argued that lower marginal tax rates would improve work incentives. But when the economy started to slow, and unemployment…

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…

Introduction This essay explores how global inequalities have evolved over the past two centuries and is acting as a major impediment to sustainable social development. Focusing mainly on the rise of global income inequalities, which is the total amount of inequality that exists within and between countries. This whole phenomenon is leading to an uneven growth in certain parts of the world after the era of globalization and lack of financial inclusion in the developing nations. Since the level…

A socialist welfare state exists to ensure that all citizens, no matter ethnicity or religion, benefit equally and in the case of Israel, this does not hold to be true. The Israeli welfare state demonstrates favoritism for certain sects of Jewish society while at the same time marginalizing and excluding marginalized populations such as Arabs and Palestinians. Furthermore, the neoliberalization of the Israeli economy and introduction of neoliberal policies fosters inequality in the form of wage…

Annotated Bibliography Alam, Md. and Rafiqul Molla. “Inside Productivity of Microcredit in Bangladesh: A Surgical Analysis.” Asian Economic and Financial Review, vol. 2, no. 3, 2012, pp. 478-490. In this paper, Alam and Molla analyze the effects of microcredit on the social and economic conditions of borrowers in Bangladesh. The assessment was conducted by interviewing 555 microcredit borrowers from all over Bangladesh and across several rural and urban districts. In addition, econometric…

The Enemies of the Western Way: A Communist and Fascist Perspective “The proletarians have nothing to lose but their chains. They have a world to win.” ( Marx, s.4). In Karl Marx and Friedrich Engels's revolutionary work, “ The Communist Manifesto” they speak of an egalitarian utopia in which the conflict between classes that was once the inherent cause of oppression transforms into the driving force for change (Marx, 3.2). The Manifesto paints a vivid picture of a constant battle between the…

A major finding in this country report was the following: In recent years Mexico has experienced economic growth and overall quality of life for its citizens has improved but it is still short of being fully developed country. It was also found that the United States and Mexico have increasingly close ties whether it be social politically, or economically. With a Mexican population of about 33.5 million living in the United States (The World Factbook), having knowledge on one’s neighbors and…

Introduction: Globalization is 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…

Wealth inequality is a big parts of Americans lives, the problem is that most of us are oblivious to just how large the margin actually is. The United States has the highest degree of wealth inequality among all industrialized countries: On the Gini coefficient index of wealth equality, the United States ranks 93rd out of 134 countries (Central Intelligence Agency, 2009). We see this in policy when it comes to taxation and redistribution. In an ideal situation, the rich would be taxed at the…

fluctuations, moved back repeatedly even to strengthen trend. In this context, does not consider that prices, nominal per people income gap and between the price and the per people consumption gap, the three indicators keeping growth. China 's Gini coefficient is far more than the internationally recognized warning line 0.40, and even the some Chinese also believe that rich and poor people income gap is too large. 2 Regional gap continues to widen After the Chinese economic revolution, the…