SESSIONS IN MACROECONOMICS/INTERNATIONAL ECONOMICS Autumn 2014 Subject: The Globalization Debate and the labor market Paper Number 03/04 Prepared for the meeting of October the 13th‚ 2014 Title of the Paper: Is Globalization beneficial for the Labor Market? Written by: Caleena TAN‚ Rémy PHIJFFER ID: I6098547‚ I6054500 Introduction Globalization is defined as the interaction and integration internationally. Globalization‚ accelerated by an expansion in trade and foreign direct investment (FDI)
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over 100 cities in the United States and actions in over 1‚500 cities globally. #ows is fighting back against the corrosive power of major banks and multinational corporations over the democratic process‚ and the role of Wall Street in creating an economic collapse that has caused the greatest recession in generations. The movement is inspired by popular uprisings in Egypt and Tunisia‚ and aims to fight back against the richest 1% of people that are writing the rules of an unfair global economy that
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The Power of Markets•In order to understand economics you must understand markets and how they work. Markets are created when an exchange of goods and services take place. They are composed of individuals and businesses trying to maximize their utility. The market economy is a powerful force for making our lives better. •Maximizing a person utility doesn’t mean their being selfish‚ but it all depends on what gives the person utility. •The objective of business is to make profit and profit
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The Tide A recent study done by Marco Cagetti of the Chicago Fed‚ illustrates that among members of the Organization For Economic Co-operation and Development‚ otherwise known as the OECD‚ the United States holds the most uneven distribution of income and wealth. A disproportionate spread of wealth is an issue citizens of the United States understand very well as this issue has made headlines and gained notoriety recently with the Occupy Wall Street movement. A certain economist‚ Joseph Reich‚
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cause a division of wealth that is so great that there are riots in the streets. We exploited Jamaica for what we needed which was another market to sell our goods and cheap labor. We have effectively destroyed that country and turned it into an economic slave to our will. In Jamaica Kincaid’s A Small Place she says that in Antigua (a place similar to Jamaica in what has happened)‚ “eventually the masters left‚ in a kind of way; eventually‚ the slaves were freed‚ in a kind of way.”(pg. 80) The
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injustice is any inequality that is not to the benefit of all people (Rawls 678). He rejects the idea that social inequalities are permissible if they result in an overall gain for the aggregate‚ going back to his veil of ignorance theory (Rawls‚ 676). To ensure that these inequalities do not prevail‚ a distributive wealth policy that gives more attention to those born in unfavorable socioeconomic positions should be in place. Rawls’ “difference principle” sustains that inequalities must be made to
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government to get rid of poverty and racism therefore their agenda being to reform. It also says that people of this generation that over the course of war and what has been change to the condition of humanity. The students who go to college feel the inequality throughout the campus weather they’re in classes or dorm or frat houses. The United States and its citizens believe that we have the greatest economy in the world but that is a false statement because there are other countries out there that have
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The gap between the rich and the poor is widening ’ this is a reality that many societies in our world are experiencing today. As a result‚ we are forced to wonder what is happening in each of these groups that is leading to the growing inequality. We can assume that those who are wealthy will do pretty much everything they can to remain in that category. Can we assume the same for the poor? Are those that are faced with poverty behaving in such ways that perpetuate their low status? The culture
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Michael Ferrai Economics 001 Income Distribution November 13‚ 2012 Over the last 30 years the participation of women in the work force has increased dramatically‚ unfortunately the pay gap between men and women has not decreased much at all. On top of that the pay gap between the classes of working America is increasing. While there have been some improvements there is still a lot of room for improvement. As of 2011 women’s median hourly wages were about 84 percent of males median hourly
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1. Inequalities among citizens a. Explain what the caste system is Æ The Dalits‚ p. 151 – division of society into four unequal hereditary social classes /castes + the Dalits (or Untouchables) who are outcastes… b. Point out the gap between rich and poor Æ A country on the march‚ p. 24 – From Bombay to Mumbai‚ p. 31 – Two stories‚ p. 32 – fourth highest number of billionaires in the world (55) vs 42% people living below 80p (0.93€) a day… – Dharavi slum in Mumbai: overpopulated (314‚887
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