Course Date Inequality in China Over the past few years, China’s economy has been booming and, therefore, lifting millions of its citizens above the poverty line. Consequently, China’s GDP has increased, implying widening of the gap between the rich and the poor. According to Aljazeera, in 2010 China recorded a very high Gini coefficient of 0.61 (Duggan, “Income inequality on the rise in China”) The Gini coefficient shows income distribution in a country, and hence inequality levels. This means
Words: 408 - Pages: 2
1) Derived demand is used in economics to describe the demand that is placed on goods or a good or service as a consequence of changes in the price for some other related good or service. It is a demand for some physical or intangible item where a market exists for both related goods and services in question. The derived demand can have a significant impact on the derived good's market price. The concept of derived demand helps to control the demand for labor through one product needing the use of
Words: 1515 - Pages: 7
REL 222 GUIDE According to Thompson, why did the Greek poet Hesiod see farming as having religious significance? (36) God is integrated into nature, thus caring for it is important. Farming is the way humans can justly occupy a place in the divine (that is natural) order and its god’s intention that this place be fraught with work toil and risk. A key message in Hesiod’s poetry is that only farmers dependent on seasons, soil, and water can hope to attain piety or show proper respect to these
Words: 6009 - Pages: 25
Course : CAES1906-G Name : Chan Ting Hong (Isaac) UID : 2010213837 Title : The Implementation of Goods and Services Tax : Destructive Effects Outweigh Benefits The issue of whether the government should implement Goods and Services Tax (GST) has been a hot debate in Hong Kong. The government stress that the tax will help broaden the tax base and secure the sustainability of tax revenue (Mak, 2006). They have also cited some examples from countries all over the world which have already imposed
Words: 1355 - Pages: 6
index measures the area between the Lorenz curve and a hypothetical line of absolute equality, expressed as a percentage of the maximum area under the line. Thus a GINI index of 0 represents perfect equality, while an index of 100 implies perfect inequality. GINI of Income A table containing the GINI indicator of income of Bangladesh over the years is given below: Year | National | Rural | urban | 1973-74 | .36 | .35 | .38 | 1981-82 | .39 | .36 | .41 | 1983-84 | .36 | .35 | .37 | 1985-86
Words: 388 - Pages: 2
Income inequality Name Date Abstract In any given population, there is a difference between what people within the population earn. The uneven distribution of income in any given population is income inequality. In order for there to be income, there has to be several sources of income. These sources of income may be combinational or independent per person receiving the income. Income may result from wages, rent, bank account interests, salaries or even profits made in business transactions
Words: 3040 - Pages: 13
Issues in inequality in non-income dimensions Achin Chakraborty Institute of Development Studies Kolkata 1, Reformatory Street, 5th Floor Calcutta University Alipore Campus Kolkata 700 027 India achinchak@rediffmail.com Abstract There are two basic approaches to measuring inequality in non-income dimensions. One views inequality as variation of an outcome indicator across individuals and the other views inequality as essentially
Words: 5018 - Pages: 21
states security as arms race, nuclearization as well as security against global climate change. Like all other things, global climate change also got a strong basis of global agenda in international relations specificly in 1972. Since then international relations and global climate change have become very intimate to one another to be discussed. By 1972 and having a remarkable benchmark in 1992, global environment as well as global climate change is being practiced almost with every aspect of international
Words: 11943 - Pages: 48
Ethics 309 Discuss the moral and economic implications involved in the movement. September 17, 2011 is the day the Occupy Wall Street (OWS) movement began in Zuccotti Park, located in New York City. The main issues include social and economic inequality, greed, corruption and the undue influence of corporations on government according to The New York Times. The mix of moral foundations based on ideas from the anthropologist Richard Shweder, outline six clusters of moral concern - care, fairness
Words: 1620 - Pages: 7
population is forced to hold the base of our country in place while hardly being redeemed for their time and effort, and thus the problem of income inequality. Numbers of these people live from paycheck to paycheck, barely getting by, not because they manage their money poorly, but because the value of their time at work is negligible (Chapter 2 Economic Inequality). Some may even sacrifice happiness at work to find a job that pays better simply because they cannot make ends meet at their current job. Some
Words: 1394 - Pages: 6
