Globalization and Inequality Is there a link between globalization and global inequality? Some scholars avoid giving a definite answer to this question. As effects of globalization vary with countries’ population‚ geographical location‚ and history‚ “the causal link between globalization and global inequality is very difficult to make” (Milanovic 11). Many mainstream economists‚ however‚ argue that globalization is not the culprit for global wealth gap: the followings are brief summaries of three
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Greece’s Economic Turmoil and the Global Economy The financial headlines of 2012 were prevalent with the tribulations of the Greek economy. Its problems‚ in the eyes of many of the other nations of the euro zone‚ were not only negatively impacting the prosperity of the Greeks‚ but also the viability of the European Union. The country as a whole requires a major restructuring. Not only are drastic changes needed in financial and economic policies‚ but the Greeks need to understand their attitude
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Introduction Poverty and inequality has long been a feature of Chinese society (Li‚ 2003; Khan‚ et al.‚ 2002). The long period of economic growth in China after reform has helped many people become richer. With an average annual GDP growth rate of 9.7 per cent since 1980‚ China “has had the largest and fastest poverty reduction in history” (World Bank 2008: 22). China has been the most rapidly growing economy in the world over the past 25 years. This growth has led to an extraordinary increase
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INEQUALITY IN KENYA INTRODUCTION After independence‚ the few educated Kenyans easily acquired wealth‚ without competition‚ and major changes since then has spawned few rich people because this group perfected ways of ensuring that wealth does not leak out‚ including marrying among themselves. Distribution of benefits of economic growth has been one of Kenya’s biggest challenges in its quest for long term prosperity and stability putting the suitability of the trickle-down economics that Presidents
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Immigration is an Economic Benefit to the Host Country Name: Cindy Winata Student ID: 12413091 Professor: Vyas Utpal Immigration is an Economic Benefit to the Host Country Is immigration an economic benefit to the host country? As the world globalizes‚ this issue has become a topic of a debate in recent years. The inflow of immigrants may bring a positive effect or negative effect to the destined country. However‚ in some countries like the United States‚ their economic development has
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How does poverty affect worldwide development and the use of the Millennium Development Goals? The Millennium Development Goals (MDG’s) are a group of goals created by the U.N‚ set to be achieved globally by 2015. There are eight different goals ranging from Gender Equality to Environmental Sustainability. The first goal is ‘To eradicate Extreme Poverty and Hunger’ and more specifically‚ Halve‚ between 1990 and 2015‚ the proportion of people whose income is less than $1 a day. By 2005‚ the global
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The West Amanda Miranda America was beginning to boom! With the war over and immigrants coming to the land of “freedom” from all over the world‚ people began to adventure to the West. There was a new‚ unsettled land presenting opportunities beyond what anyone could imagine. The west offered natural resources such as gold‚ oil‚ and lumber‚ also it gave hope to freedom and landownership all the while guarding it with dangerous obstacle such as natives‚ disease‚ and drought. The forge west brought
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and effective Caribbean in the delivery of economic and social development is a long-standing theme of development policy. This however has not always been the case and the result is a Caribbean repeating past mistakes and compromising in some cases the theme of the development strategy. Global recession has consistently tested the resolve of the Caribbean and to this end there is a need to address the factors that have consistently led to the economic decline of the island states. This paper examines
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Rediff.com » Business » How poverty in India can be eliminated How poverty in India can be eliminated June 29‚ 2007 13:06 IST Share this Ask Users Write a Comment What is the cost of eliminating poverty and hunger in India [ Images ]? That of course depends on the extent of poverty‚ which has been mired in academic debate about the measurement of poverty. <IMG SRC="http://imads.rediff.com/0/OasDefault/Coke_WC_Spons_180x150/coke_bck.gif" WIDTH=300 HEIGHT=250 BORDER=0>
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“Global Economic crisis: Impact on IT Industry in India.” Abstract: Globalization has ensured that none of the economies of the world stays insulated from the global economic crisis. But there was a general belief that the emerging economies could remain largely apart from the global economic meltdown and provide an alternative engine of growth to the world economy. The effect of the crisis on the Indian economy was not significant in the beginning. The argument soon proved unfounded as the global
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