the country has witnessed tremendous gains in economy and social wealth in general. Although, on the average, people are leading a much better life, the gap between rich and the poor is becoming larger. As a large developing country in a transition period from a planned economy to a market economy, China at present has to adopt a de facto policy of “letting a few people get rich first” to stimulate enthusiasm and initiative for the rest of the population. Thus, the usual egalitarianism -- what Chinese
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interconnectedness promised by globalization are global decisions, policies, and practices. These are typically influenced, driven, or formulated by the rich and powerful. These can be leaders of rich countries or other global actors such as multinational corporations, institutions, and influential people. In the face of such enormous external influence, the governments of poor nations and their people are often powerless. As a result, in the global context, a few get wealthy while the majority struggle. Poverty
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flows of both private capital, and remittances. These linkages have had a marked effect on the developing world. But developing countries are importing and exporting more from each other, as well as from the developed countries, and in some parts of the developing world, especially East Asia but also notably Latin America, investments have poured in from developed countries such as the United States, the United Kingdom, and Japan. Globalization is one of the most frequently used words in discussions
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suffer from undernourishment. Almost all of the hungry people, 852 million, live in under developing countries while the other 15 million live in developed countries. World hunger has been and will continue to be an ongoing issue until ethical action will be taken. The world produces enough food for everyone, however, not many people have sufficient land to grow, or income to purchase enough food. But what is being done to minimize world hunger? There is a societal responsibility as well as a governmental
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societies were roughly equal (over 13,000 years ago), Diamond identified the key variables that allowed some societies to develop highly complex, material-rich societies, while others developed at much slower rates. Guns, Germs, and Steel uncovers how Europeans came to dominate every other group on the planet by virtue of their access to what Diamond terms the “Agents of Conquest”: Guns, Germs, and Steel. Jared Diamond’s journey of discovery began on the island of Papua, New Guinea. There
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The FairTax Act Many debates have been waged over the decades on what will be taxed, on who shall be taxed and how taxes are collected. Since the 16th Amendment was ratified in 1913, the debate has intensified, centering on how high to make the income tax rate. Most Americans were not concerned since the Amendment was sold to them as something that would only affect corporations and the rich. With ever increasing fervor these corporations created lobbyists to convince Congress to exempt them
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Social Justice Social justice encompasses economic justice. Social justice is the virtue which guides us in creating those organized human interactions we call institutions. In turn, social institutions, when justly organized, provide us with access to what is good for the person, both individually and in our associations with others. Social justice also imposes on each of us a personal responsibility to work with others to design and continually perfect our institutions as tools for personal and social
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different positions and different countries, but this phenomenon is mainly widespread in developing countries. Even though, corruption is a worm within the body of society and cancer to economic and political development; but it can also be used as the cure for some people to sustain their life and maintain their economic advantages. The major coast of corruption is increasing poverty and social and economic disparity because some officials take the control of the country resources and exploit public
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USA as the greatest economic power in the world. It had not experiences the financial and physical damage that other European nations had. Industries had been boosted by war time production and they were owed a colossal amount of money by other countries. In 1928, the USA was still enjoying the effects of the economic boom, whilst Herbert Hoover was elected president. He predicted an end to poverty in the USA. However, in 1929, the Wall Street stock market crashed. It was said to have occurred for
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wealth distribution has been a continuous problem that has no simple answer, what once may have seemed like a private trouble
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