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Beyond this debate, an essential problem remains, which is the repartition of the advantages and the loss due to the globalisation. We don't live in a homogeneous world. There are, at least, five different levels of development: industrialized countries, the economies in transition, the developed advanced countries, the less advanced countries, and the marginalized countries, for example those which suffer conflicts or civil wars. In each country, even the population is divided in different economic and social layers. Some facts are true: 76% of the world population lives in poor countries and in the U.S there are the same amount of inequalities as there were at the end of the 1920s. The income gap between the rich and the poor is astonishing. Twenty percent of the world's population living in the richest countries have 74 times the income of the poorest. This gap is huge, it is relatively new and, what's even more amazing, it that it is still widening. In 1960, the average income of the richest 20 per cent of the world's population was 30 times higher than that of the poorest 20%. Yet the average world income per capita and per year is roughly five thousand euros. Generally, globalisation is male: the position of women is getting worse, 67.2% of the world's work is done by women, while only 9.4% of the income earned from work is in women's hands. If the world income were spread a little bit more evenly, everyone would have enough to live on. But even if that is true, when the incomes of the very poor first start growing at a faster rate than rich countries' incomes, the absolute (dollar) increases in incomes of the poor will still be smaller for many years than the absolute increases for the rich, even though the relative gap is closing. For example, we can see in England and in America as well, that the differences in income between upper and lower social layers are larger than they have ever been since collection of income distribution statistics began at the end of the nineteenth century.
As the middle class grew the space between them and the poor also grew. ... The poor did not necessarily get poorer but the gap between the poor and the affluent was continuously widening. ... With minorities the question of race perpetuated the gaping divisions between rich and poor. ... The separation of white and black corresponded directly with rich and poor. ... The gap between rich and poor was huge. ...
Closing the income gap between the rich and the poor countries has been a goal of the international community for the last 50 years. ... But the global gap between the rich and the poor countries has not closed. Instead, it has widened. ... This allows richer countries to help their poorer neighbors through better cross-border infrastructure without putting undo stress on their own national budgets. ... If current trends persist, countries that face high transportation costs and other geographical problems will be left far behind and the gap between the rich and the poor will only widen...
In 1990, the gross domestic product (GDP) per head in poorer countries was 5% compared to the rich countries of 2%. ... This has resulted in the paradox of the rich among the poor. The gap between these two extremes have widened and in some countries, you can see well built houses and in the near distance shabby small houses living in close proximity. ... The current standing of the rich earning about seventy times the poor are causing the rich to get richer. ... Thus globalisation which gives a heavier weightage to the fortunate does not totally neglect the poor. ...
Inequality creates a major gap between the rich and the poor; this is a major economic gap that needs to be dealt with. "The U.S. itself also has the largest gap and inequality between rich and poor compared to all the other industrialized nations" (Shah). Since there is no government policy to stabilize the rise in poverty, other factors help widen the gap that is the shrinking middle class. ... With this greed as a motivator, many production services from the United States move to countries where labor is cheap. ... All this contributes to the growing gap between the rich and the poor. ...
These income disparity, unequal distribution of financial amount and material resources creates a huge gap between rich and poor. ... This indicates that the economic inequality is increasing instead of declining, thereby triggering many problem by widening the gap between poor people and rich people. Economic inequality can be related to such social problems because if there is not much gap between poor people and rich people there would not be much tension building anger and frustration within them. The income disparity is the prominent component in Bhutan that creates increasing gap betwe...
Globalization is the multifaceted process that increases the interconnection between the economies in terms of trade, capital and culture. ... Lot of research studies has established the relation between the increase in global integration and growing inequality in developing economies. ... Positive Impact of Global integration to developing countries 1. ... China's economic prosperity amazed the entire world and makes them the leading destination for the Global companies for doing their business operations. ... These poor economies are urgent need of critical resources both for the immed...
The Industrial Revolution strengthened the country's economy because we could rely on ourselves instead of imports. Our country became wealthier and more populated due to the revolution Liberty, republicanism, and independence are powerful changes to the social environment. ... During the Revolution, the gap between the rich and the poor widened. Short economic depressions were the cause of high unemployment rates, and more social tensions between the classes. Although the wages did increase, the rich class had to watch the poor class suffer in dreadful housing, eat adulterated food, ha...
Friedman does discuss the negative effects on the economy from globalization such as the widening gap between the wealthy and poor because the middle class ends up either getting richer or poorer. ... With globalization, ties are built between countries in such a way that they cannot afford to war with their neighbours if they wish to prosper. ... He does not think that globalization alone will correct the problem without help from uncorrupt democratic governments. ... I feel that most cultures have remained true to their origins and that globalization does take a person away from their orig...
The poor in our society are not benefiting from the increased wealth in the country. The income gap between low-income families and high-income families is widened. ... In 18 states high-income families got richer while the poor got poorer. ... Yeah we're getting richer, but it's the rich that's getting richer, not the poor. What can we do to stop this trend? ...
