Theories of Global Inequality
A close look at the UN Sustainable Development Goals will reveal that global inequality is a serious problem that is manifested in various forms. To tackle global inequality, it is important to understand why and how it exists, and various theoretical perspectives can provide different insights into this complex problem. Modernization theory, Dependency theory, and Globalization theory all try to understand global inequality from different angles. While each has its own strengths, weaknesses, and biases, globalization theory seems to be the most suitable for understanding global inequality.
The three theories focus on different areas in explaining global inequality. Modernization theory views industrialization
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Modernization theory assumes that all countries could follow the same path to development and that the kind development that industrialized Western countries have is desirable (Little et al., 2014). Despite its Eurocentric nature, the modernization theory offers some objective measures regarding the benefits of following a development pathway, such as better standards of living and improved life expectancy (Little et al., 2014). Dependency theory, on the other hand, assumes that low-income countries are passively letting themselves exploited (Little et al., 2014). The rise of the garment industry in Bangladesh after the initial Daewoo investment illustrates that economic imperialism has many unintended consequences; knowledge leaks and spillover effects mean that the hinterland may kickstart its own economic growth using the knowledge, skills, and assets provided by the metropolis (Easterly, 2002). However, it provides important insights regarding power relationships between countries as they engage in trade. Globalization theory also has its own biases; it focuses too much on the competitive advantage of regions and ignores the role that politics and governments play. For instance, the Malaysian government managed to attract foreign investors in the 1970s through free trade zones and the new economic policy (Rasiah, 2013). Similarly, heavy subsidies have managed to provide the Texas cotton farmers …show more content…
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Rasiah, R. (2013). Free trade zones and industrial development in Malaysia. In K. S. Jomo (Ed), Industrializing Malaysia (pp.118-146). London, UK: Routledge
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Trade has been a driving force in global history, shaping societies and economies across the world. It helped bring in many resources to other countries through cultural diffusion and opened new opportunities for citizens. Nevertheless, trading has also caused overproduction in certain areas and limited resources available. Trade has been shown in global history through Middle Eastern trade routes (Document 1), Timbuktu during the height of the Mali Empire (Document 2), and Caravans from the northern coast (Document 2). Trade had a significant impact on culture and society.
Income inequality, a topic that under normal circumstances is strongly opposed. Many Americans have believe that the wealth gap should be reduced because it hurts our economy. George F. Will proposes that income inequality is actually beneficial to our society and wrote “How Income Inequality Benefits Everybody”, Published in 2015 on The Washington Post. Wills primary claim in the article is to convince readers that income inequality is not necessarily a bad thing. He claims that because America’s capitalistic system permits for enormous wealth gaps it diminishes the gaps between lifestyles.
Chris Hedge’s article, “Our Country Is Lost Believing in What It Sees on Screens, and We Are Going to Pay a Nasty Price for It,” highlights the negative influence electronic media has on society. The author provides a realistic insight into the negative effects of electronic media. Hedges states, “It is the electronic image that informs and defines us. It is the image that gives us our identity. It is the image that tells us what is attainable in the vast cult of the self, what we should desire, what we should seek to become and who we are” (Hedges, 4).
The authors continue in contradicting this idea of a three-way, triangular trade system by calling it “misleading”. They explain how the trading system has many more factors and is much more than just a “triangle”. “What we call a triangle was really as round as the globe. (37)” The authors give direct evidence of a much more complicated trading system involving many countries.
Many solutions, such as social investment, early childhood education, job training for young adults are avenues for addressing the shrinking middle class. Many of these ideas have been around since the 1990s, and most know that they will work, however, no one wants to pay the cost of such social investments. Thus, this is a fine example of how one topic, income inequality, can be addressed from two different angles, that of economist and that of sociologists, and what contributes to the inequality can be supported based on what is actually measured. In this specific comparison, due to the differences in disciplines addressing the same issue, the variables measured are completely different and as a result, yield very different results.
Summary HSB 4U Mitchell Alcock, Lucas Ojero, Olivia Johnstone Global Inequalities The Holocaust: Facts: The Holocaust began in 1933 when Adolf Hitler came to power in Germany. It ended in 1945 when the Nazi’s were defeated by the Allied powers. “Holocaust,” originally from the Greek word “holokauston” which means “sacrifice by fire,” refers to the Nazi’s persecution and planned slaughter of the Jewish people. It was estimated that 11 million people were killed during the Holocaust in which 6 million of these were Jewish (2/3 of all Jews living in Europe at the time). The Nazis began ordering Jews to wear a yellow Star of David on their clothing so that Jews could be easily recognized and targeted.
The Impact of Technology in Cross-Cultural Trade In Neil Postman’s Technopoly, he claims that society has surrendered its culture to technology. With an exponentially increasing world population, international trade has played a crucial role in expanding markets and growing economies, especially in developing countries. Contrary to Postman’s opinion, the world has not surrendered its culture to technology. Rather, society has adapted to the surge of technology, especially in terms of international trade to insure economic growth. It is extremely important to acknowledge that these technologies have not run culture out of existence, but have only helped nurture it by taking care of its people.
Where in the World is the ‘Third World’? An Argument against ‘Third World’ Terminology Breanna Lester (110583550) Wilfrid Laurier University GS212 Practices of Development, Dr. Pietro Pirani With development emerging as a focal point of the international arena during the second half of the 20th century, categorization of countries into the various stages within economic development became prominent (Pirani, 2015). Along with the labelling associated with international development came the implications of conceptualizing development; most notably was the common definition of development, where significant economic growth was at the forefront and other factors important to the well-being of humans were all but disregarded (Haslam, Schafer, & Beaudet, 2012). In its history, development theory has seen significant shifts in how development and growth are perceived and implemented, along with discourse on how
The problem of income inequality is not something new, but it is something that people must worry about because it is affecting not only our wallets, but our communities as a whole. I agree on the author’s point of view about income inequality in the United States his position is very similar to another Robert Reich documentary called “Inequality for all” where he mentions all the aspects that brought United States economic system to a hold just to help a fraction of all population one of those systems was education where before the nineteen eighties it was cheaper to go to college than nowadays or the fact that workers were pay almost the same as any other for their sacrifice . Going back to the video on debate he mentions how policies changed
I agree with the conflict theory of inequality more than that of the functionalist 's theory. One of the reasons for that is the theory state that there are many people who get paid more than someone who put in more time and effort. I can think of several celebrities and other entertainment based careers that make more money and are more respected than a doctor or a judge. It beginning to look like in America we are giving more acclaim and rewards to those that entertain us more than to those who actually benefit our country or our country future. Honestly, why should someone struggle and fight through years of schooling when they can get paid more for just being pretty or for just being famous.
Some people would argue that the inequality gap of the rich and the poor do not affect our democracy, while others would say the opposite. Either way, there is a huge wealth gap between the rich and the poor in the United States today. While this gap between the classes expands, citizens are discussing whether something should be done, or should be left alone. On one side of the spectrum, people believe that great inequality is incompatible with our democracy.
The income inequality is extremely high at the level of the Middle East taken as whole. This comes simply because national difference in per capita GNP is particularly high because the main production of most Middle East countries is oil, and the countries that produce oil have an extremely high government revenue and the oil companies also have an extremely high revenue, so the income distribution by the companies and the government is most likely to be high because those companies are not worried about distributing income. However, there are countries and companies that are extremely worried within the Middle East, because those countries and companies such as Syria, India and Iraq always have serious issue of distributing income because
This paper briefly analyses the trend in trade over the last century that built the unstable political environment that stemmed the result of the UK elections. Initially, it will describe globalisation in the 20th century proceeding to that of the 21st century. Then, it will deliberate Brexit and the reasons behind it. Concluding by stating that globalisation is a valuable sign of moving forward that should be correctly reinforced globally and accepted by people accordingly.
Dependency theory is based around the occurrence of wealthier states benefitting economically from poorer states. Dependency theory argues against the notion that non-developed nations are created and evolve in the same way as developed nations, when in reality, they all have a different history, culture and way of growing. It brings forth the notion that there is a common course for development, and that the developing nations will just follow this path. Dependency theory highlights how economic development, although it might involve develop and non-developed nations, does not mean that economic prosperity is inevitable. Dependency theory highlights that poorer nations are able to be taken advantage of, for they have the natural resources, and large populations which are used for cheap labor, but lack the ability to establish systems that benefit economic prosperity.
He contends that underdevelopment is generated by the same historical process that generated development. Underdevelopment is a result of country’s participation in the same capitalist system. Frank thus rejects the notion that underdevelopment is traditional or original. He challenges the notion that underdevelopment follows a linear path. He rather argues that ‘’underdevelopment is in large part the historical product of past and continuing economic and other relations...”