...1. a) Discuss the effects of income inequality on a nation’s economic conditions. Income inequality is the unequal distribution of income among individuals of an economy (Income Inequality, 2014). In other words, the difference between the wealthy individual’s income and middle-class to poverty-stricken individuals’ incomes continues to increase. Such disparity can have detrimental effects on the economy. Those individuals who have a low-income are less able to purchase goods. As income inequality between individuals increases, money moves from those who used it to purchase their basic needs to those who already had enough and more. This then causes a weakened aggregate demand for products because the middle-class and poor can no longer afford...
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...sustainability in foreign countries. Sustainability is not a concept that is limited to the United States. Truly sustainability is about a better quality of life, which ranges from economic, social and environmental aspects. It is safe to say that sustainability is not just vital in America but any place that is concerned with its societies well being. Sustainability is a concept that has an enormous impact on the world as a whole so it is principle to understand what is being done in different countries concerning this concept. Briefly we will discuss sustainability in foreign countries. First we will discuss China and there advances in sustainability. China is a country that is constantly growing. China is also one of the fastest growing economies in the world. One major area that China has made great strides in is human population. This of course has happen because of china’s one child policy. The one child policy, started in 1979, basically says that every couple can only give birth to one child. Although this is considered a success there are other areas where china lacks. According to Ethan Gothman, The 2005 Environmental Sustainability Index (ESI), which ranks countries based on such measures as health, governance, technology, and international cooperation, places China 133rd out of 146 countries. The ESI predicts the likelihood that a country will be able to preserve valuable environmental resources effectively over the period of several decades (Gothman). China has also made...
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...It is common knowledge to most United States citizens that the disease prevention and healthcare in the country are greatly wanting in both accessibility and affordability. While immunizations and screenings are now commonplace in Western biomedical practices, I argue that they do not actively improve public health, nor do they lower the costs of treatments for those that need them. Additionally, even if the United States had Universal Healthcare, which undeniably has many benefits, health inequalities will continue due to limited physicians, resources, and socio-economic differences in patients. A patient with access to the best doctors, hospitals, and treatments will still repeatedly become sick if they return to the environment that caused...
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...mortality rate is relatively low for Mexican Americans (9 per million), whereas Puerto Ricans have the highest asthma mortality of any Hispanic subgroup (41 per million) (“State of Lung Disease in Diverse Communities”). Use of Health Emergency Services Disparities within use of health care services for asthma is similar to that for mortality. Studies have shown that asthma hospitalizations occur several times more frequently among non-Hispanic black than among non-Hispanic white people. National rates for emergency department visits and hospitalizations are three times higher for black people than for white people (“Asthma Facts”). In 2007, black adults (22.1%) were nearly two times more likely to have emergency room visits for asthma compared with white adults (11.6%). Black adults (6.2%) were more likely to have hospital stays for asthma compared to white adults (2.7%). Additionally, Hispanic (31.4%) and black (29.8%) adults were more likely to have urgent care visits for asthma compared to whites (22.5%). Among Hispanic subpopulations, Puerto Ricans are the most likely Hispanic subgroup to have been hospitalized and to have visited the emergency department for asthma (“Ethnic Disparities in the Burden and Treatment of Asthma”). Minority children are not exempt from asthma disparities. In fact, the US Environmental Protection Agency suggests that the burdens of asthma fall more heavily on Black children. The CDC notes in a report on current asthma statistics that in 2001-2005, black...
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...According to the ideology of the American dream, the United States is the land of the free and its society offers the possibility of rising up the social ladder as far as their efforts take them. Being "free" means being able to control your own life, the directions you might take, understanding and determining choices. There are several social forces that limit our freedom. The main force, being able to make a difference in your own life. Education has helped me achieve a lot in life. For example, being in school has taught me how difficult it can be living on my own. It is a secure way of ensuring a steady paying job in the future. This has given me insight to inequalities by others not having the same educational opportunities as me. In class we discussed something called the "Myth of Meritocracy". The "Myth of Meritocracy" is the idea that peoples success and failures are a result of "merit"- if you work hard enough you will succeed in whatever you attempt to accomplish. Many Americans have managed to become socially mobile. James Loewen, social mobility is "the movement from one social class to another- becoming more wide-spread in America". This meant that people had a better chance to move upward in society". The stress on upward mobility is...
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...The Third World refers to the poorer and undeveloped countries of the world. Often, these countries have extremely poor environmental situations. In many Third World nations, pollution is unrestricted. Countless other environmental problems are also not addressed by the government. Usually, creating and enforcing environmental regulations would be economically disastrous for a poor country. As a result, it is forced to choose between buying food and having a clean environment. Often, rich Western countries take advantage of the dilemma of Third World countries. They dump garbage and hazardous waste in developing countries. First World companies might also build plants, which emit considerable pollution, in Third World nations to avoid the regulations these companies would face at home. Some transnational corporations that produce chemicals deemed overly dangerous in the First World find a market in the Third World. There, governments cannot restrict usage of these chemicals because it would be too costly to citizens trying to make a living. Countries in Latin America, Eastern Europe, Africa, and Asia are the greatest victims of this environmental inequality. In addition to problems created by development and industrialization, poorer nations also suffer environmental difficulties caused by poverty and war, among other causes. Many environmental problems arise in the Third World. Air pollution, water pollution , deforestation, desertification, soil erosion, and poisoning of...
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...to increased interconnectedness among the world's populations, economically, politically, socially and culturally (Dreher,2008). Nowadays, the world is becoming more and more globalized. There is no country that can escape from globalisation. With globalisation, many countries get benefits from it. However, it also caused many negative effects from globalisation in many countries. As the ancient Chinese Philosopher Laozi said: “Good fortune follows upon disaster; Disaster lurks within good fortune; Who can say how things will end? Perhaps there is no end.” So it is natural to oppose globalisation. There are many arguments from different views. Some political scientists argue that globalization is making nation-states weaken and that the functions and power of nation-states will gradually take over by global (Dreher et al.,2008). Economists argue that businesses is becoming more competitive and more and more workers may be laid off due to greater competition. For environment, globalization is using up finite resources more quickly and globalization increases world greenhouse gas with carbon dioxide emissions which makes the air pollution worse. For cultural, the uniqueness of cultural is lost in favour of homogenization and a "universal culture" that draws heavily from American culture. In this essay, I will focus on economics and environment aspect to discuss why people and some groups oppose to globalisation. In the global world, there are both positive and negative...
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...further interdependence of economic and cultural activities. Though several scholars place the origins of globalization in modern times, others trace its history long before the European age of discovery and voyages to the New World. Some even trace the origins to the third millennium BCE. In the late 19th century and early 20th century, the connectedness of the world's economies and cultures grew very quickly. The term globalization has been in increasing use since the mid-1980s and especially since the mid-1990s. In 2000, the International Monetary Fund identified four basic aspects of globalization: trade and transactions, capital and investment movements, migration and movement of people and the dissemination of knowledge. Further, environmental challenges such as climate change, cross-boundary water, air pollution, and over-fishing of the ocean are linked with globalization. Globalizing processes affect and are affected by business and work organization, economics, socio-cultural resources, and the natural environment. Overview Humans have interacted over long distances for thousands of years. The overland Silk Road that connected Asia, Africa, and Europe is a good example of the transformative power of translocal exchange that existed in the "Old World". Philosophy, religion, language, the arts, and other aspects of culture spread and mixed as nations exchanged products and ideas. In the 15th and 16th centuries, Europeans made important discoveries in their exploration...
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...di Economica e Management Corso di Laurea in Global Markets ReLATORE/TUTOR: Rodolfo helg Paper di Laurea di : Luca Cantadori Matricola: 14771 Paper di Laurea di : Luca Cantadori Matricola: 14771 Anno Accademico : 2012/2013 Anno Accademico : 2012/2013 CONSEQUENCES OF ECONOMIC GROWTH ON THE ENVIRONMENT:Focus on International Trade i. Economic growth and the environment ii. Environmental Kuznets curve: a. Kuznets Curve:Income inequality and growth b. Income inequality , growth and the environment iii. Population growth: how increasing population could affect the environment iv. Economic impacts of environmental policies: c. Economic growth: investment and innovation d. Effect on competitiveness v. International Trade and the environment vi. Effects of Trade on the environment vii. Trade due to differences in Environmental Policies: e. Pollution Haven case viii. Trade not due to differences in Environmental policies: f. Comparative advantage and environment: how factor endowments can influence environment ix. Conclusion x. References xi. Abstract i.Economic growth and the environment In the first half of the twentieth century there was and incredible explosion of international trade: indeed international trade almost triplicate its size.( According to data...
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...Income Inequality on Social Well-being The World Health Organization (WHO) defines health as the “complete state of physical, mental or social well-being,” (2001:3). Through the Quality of Life survey, the well-being of societies is measured, where living conditions and ‘quality of life’ are found to be important concepts to the overall wellbeing of countries (Eurofound, 2012). The United Nations (UN) asserts that global happiness can only be achieved if environmental and social well-being accompany economic development (UN DESA, 2013). While well-being indicates living conditions and resource dispersal, the lack of social well-being relates to “social and income equality, social capital, social trust, social connectedness and social networks,” (Eurofound, 2012, FPH, 2010). Although there is national and patterned variation, academics have found that...
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...With changes needed, our society needs to confront the future development of sustainability in this country. We need modifications in our behaviors, institutions, and technologies. As defined by The United Nations (UN) sustainability is “development that meets the needs of the present without compromising the ability of future generation to meet their own needs” As stated by The UN “This requires the integration of its economic, environmental and social components at all levels by continuous dialogue and action in global partnership.” We need to find a way to balance environmental goals, social goals and economic goals. The World Conservation Union says that we are currently out of balance and heavy in economic and social goals and deficient in realistic and working environmental goals. The World Conservation Union also remarks “development decisions by governments, businesses and other actors do allow trade-offs and put greatest emphasis on the economy above other dimensions of sustainability. This is a major reason why the environment continues to be degraded and development does not achieve desirable equity goals.” The report goes on to say that the integration of economic, environmental and social components cannot be treated equally because the economy is an institution that emerges from society and that they are virtually one. The same as society creates rules to mediate the exchange of goods or value. The environment on the other hand is not created by society and tradeoffs...
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...Student’s name Subject Title Lecturer’s Name Date of submission Income Inequality Introduction The problem of an increase in household income inequality has been a major talk point in political discussion and public policy. According to Winston Churchill, inequality is unavoidable especially in capitalist societies. However, President Barrack Obama views inequality as not only a major problem but as a defining problem of this generation. It cannot be disputed that income inequality in the United States has been rising over the past four decades. The trend is evident when income is measured both before and after taxes. The income inequality in the U.S today can be compared to those of other developed countries. However, the country ranks amongst the worst in inequality especially after taxes and transfers. This means that less income that is received from higher income households trickles down to lower income earners. A recent study in 2011 revealed that the top earners income increased by around 275% after income transfers and federal taxes. Today, there is ongoing debate as to the effects, causes and solutions of the income inequality. Over the years, debates have arisen whether the income inequality gap in America is a social or an ethical problem. Despite businesses breaking profit records, these income gains have been concentrated on the top 1% (Glenn 58). It is often argued that income inequality is a social injustice and that it is unfair. However, social injustice...
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...Abstract This research paper describes how poverty influences the lives of children and adolescents. Poverty is viewed as major environmental influence that impacts the opportunities and life chances of children. Young people growing up in poverty may feel justified in engaging in risky behaviors. The research shows how poverty has an effect on parenting, housing, food, health, mental well being, and education. Despite government programs that help many, the author of this paper views economic inequality as a major cause of the problems facing poverty and our nation. Poverty has a major influence on the day-to-day lives of children. It also places young people at risk for poor outcomes in life. At Risk Youth (McWhirter, McWhirter, McWhirter, & McWhirter, 2013, p. 29-39) discusses the economic trend of poverty as one of the major environmental influences placing young people at risk. When one understands the problems of poverty, one begins to understand the people affected much better. McWhirter et al., (2013) presents several “types” of families that may live in poverty. These include the working poor families, vulnerable and underserved families, young single mother families, and homeless families. One interesting concept that the book discusses is social comparisons. Today poor people are faced with constant reminders of their lack of money. By watching television shows that popularize the lives of “the rich and famous” and by seeing the income earned...
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...it to the corporations, bankers and global bureaucracies – “the only route out of poverty for the world's poor” – to do the planning and solve the world's problems. So far, almost all of the evidence from the past three decades (1970-2000) - the period of economic globalization's most rapid ascendancy - shows that it is bringing exactly the opposite outcome that its advocates claim. Clearly, poverty and inequality are rapidly accelerating everywhere on earth. A 1999 report by the United Nations Development Program found that inequalities between rich and poor within and among countries are quickly expanding, and that the global trading and finance system is one of the primary causes. Even the U.S. Central Intelligence Agency (CIA) confirms the United Nations' (UN) conclusions, agreeing that globalization brings massive inequalities. The benefits of globalization do not reach the poor, says the CIA, and the process inevitably brings increased global protest and chaos. Robert Wade of the London School of Economics, wrote in The Economist (2001), "Global inequality is worsening rapidly...Technological change and financial liberalization result in a disproportionately fast increase in the number of households at the extreme rich end, without shrinking the distribution at the poor end...From 1988 to 1993, the share of the world income going to the poorest 10 percent of the world's population fell by over a quarter, whereas the share of the richest 10 percent rose by 8 percent...
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...Capitalism is one of the most distinguishing feature of American society, and its success sets our country apart from others in many ways. Economic market exchanges promote freedom and individual power. Yet, in some ways, capitalism may undermine democracy and increase inequality both within the United States and across the globe. The role of capitalism is to increase economic activity, and the role of democracy is to enable citizens to collectively decide how this economic wealth generated should be divided and to decide what rules apply to public and private goods. This sounds ideal, but capitalism can widen inequalities of income and wealth, created a heightened sense of job insecurity, and create environmental hazards. Ownership of wealth gives you the upper hand; once you have it, it will only get easier for you to attain more. Children who are born into families with immense amounts of wealth are guaranteed money and a greater quality of life, therefore setting them up for more success than those children of underprivileged children. This generates inequality from the very beginning of life. Under the concept of concentration of power lies the market dynamic. Winners in economic...
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