The Wealth and Poverty of Nations

Development studies is a discipline that seeks to answer big questions surrounding the way countries develop over time. One of these questions is the question of poverty; how it is caused and more importantly what can be done to solve the issue of poverty. According to the United Nations (UN) (2010) 2.8 billion people survive on less than $2 a day which is nearly half the population. Thus development studies seek to find solutions to this issue in order to assure that all people have equal…

Social justice theories and concepts help us to understand global poverty as a social justice issue by giving the society and its governing people a insightful and more detailed way of looking at how global poverty came to be such a huge social justice issue and how this can be combated. Social justice theories and concepts in relation to equality and social structure show how certain parts of some societies have been heavily affected in a negative and positive way due to their governments…

new in post-Civil War America. Since colonial times the vast majority of property and saved wealth…had belonged to a relatively small elite.” This statement opens the topic of the labor movement in the late eighteenth century that lasted into the early nineteenth century. The labor movement was caused by a combination of corporate monopolization, poor worker conditions, and the extremes of wealth and poverty. These conditions led to laborers striking and fighting for better working conditions.…

S. is the great wealth divide. A wealth divide is a barrier between the people seen as “poor” or less financially stable and the people seen as “rich” or those who have a better grasp on wealth and financial stability. Income inequality and wealth divides go hand in hand because the root cause of wealth divides is income inequality. Income inequality causes wealth divides because of many different factors such as overall wealth and financial stability…

A Curious Wealth of Poverty There is no place on earth quite like India. It is alive and bursting at the seams, its economy expanding at unprecedented rates. Potential is the national currency: GDP skyrocketing, international investment booming, and industry flourishing. Where dirt once dominated, there now stand skyscrapers, highways, luxury apartments. And yet, amidst all this wealth and prosperity, 363 million Indians are still living below the poverty line (Katyal), excluded from the…

Poverty is a multidimensional concept that encompasses inadequacies in the three most fundamental pillars of human life: access to healthcare, education and living standards. Due to the capitalistic nature of our societal mechanisms, corporations exploit and thrive off of poverty. Cheap labour is a facet of their exponential profit. Poverty is not the root of socially immoral behaviour but is rather a product of it, as it is a result of the free-market’s hierarchical, trickle-down wealth pyramid…

Sanders had once said, “A nation will not survive morally or economically when so few have so much while so many have so little” (@SenSanders). In other words, Bernie Sander is talking about wealth inequality. Wealth Inequality, as Yonatan Berman, Eshel Ben-Jacob, and Yoash Shapira has stated in their article as “one of the most disturbing social and economic issues of our time” (Berman para 1), can be defined as the unfair distribution of assets within a population. Wealth Inequality is one the…

Poverty is an issues that is widespread across the world, the learning centre 28, with a short video and article from Paul Solman, countries with smaller wealth gap touches on the poverty gab where is shows that poverty is found worldwide (2011). However it constantly seems to be an issue that is hidden under the rug. This makes spending the last few classes on poverty a different and sometimes difficult topic to approach. This class is approaching a subject that most classes would avoid, nor…

inequality and by failing to reduce poverty. The environment has also faced a negative impact because many developed countries are still heavily reliant on fossil-fuels and their production of greenhouse gases keeps rising. Additionally, the United States outsources much of its industrial sector to China whose population is quickly growing which has led to large concentrated areas of pollution emission. When countries globalized their economy and expected their poverty to become reduced, they…

receive the same treatment like every person desires in our nation. Even though, the working class makes a certain amount money that barely makes ends meet in sustaining a living, the fact of the matter is, the inequality economy has and will corrupt the middle class, which is the heart of the government system running as to the “Virtuous Cycle.” Ultimately, causing the existence of wealth and poverty or the rich and the poor in our nation. In the video of Inequality for All, that shows evidence…