ipl-logo

Wealth Gap Between Countries

2567 Words11 Pages

Abstract
There is no place we cannot reach within one day. We can even contact those living in the opposite side of the planet using Internet. Globalization connected the whole world, making us feel like we are living in the same place. Within technology, globalization fastened and the whole world is under the influence of the trend. However, even though we enjoy the sweet benefits of the trend, the side-effects cannot be ignored. Due to globalization, the richer countries got richer while the poorer countries got poorer. The wealth gap between the countries has expanded to the extent that is affecting the world as a whole.
There have been some efforts to solve the problem in international society. Aid and support was given to the developed countries. However, one-sided donation lasted only temporarily; less developed countries couldn’t rely so much as to the more developed countries but there weren’t any solutions that can effectively help them.
Thus, the paper is mainly on ‘How to effectively and efficiently tackle wealth gap between the countries’. Possible solutions that are suggested in the paper may not be the most evolutionary ones; however, they are effective and, at the same time, painstaking. It may not be a piece of cake to tackle the huge wealth gap we have created ourselves. However, within …show more content…

Developed countries should support the less developed counterparts within the fields that can solidly create infrastructure and basis that can further create benefit to the developing countries. Technological education and support should be maintained. Moreover, the developing countries should support and adopt the methods that many civil organizations are suggesting. Diverse civil organizations are out there to help the people by themselves and government should support them with all

Show More
Related

  • Dbq Essay On Globalization

    526 Words  | 3 Pages

    Throughout our lives, things around us have been changing, simple things, such as iPhones and other technology because of globalization. Globalization since the second world war has been mostly better for us than worse because there are decreased poverty rates and life expectancy has increased, but we are polluting our world with environmental destruction and Co2 emissions. Since the Second World War, extreme rates of poverty have decreased. According to Document 1, starting around 1950, there was a steep decrease in extreme poverty. It went from around 60% in 1950 to lower than 20% in 2015.

    Read More

  • Similarities Between The Gilded Age Then And Now

    3328 Words  | 14 Pages

    In this essay, we will embark on a journey through history and compare the economic landscapes from the 1800s to today. There is an ever-widening gap between the rich and the poor. Rich tycoons stay rich while the poor continue to get poorer. That seems to be one of the greatest similarities between the two time periods.

    Read More

  • Vast Wealth Gap

    227 Words  | 1 Pages

    For this week 's current events I an article read on the Huffington post that talks about the vast wealth gap between Black and White America. According to the post the gap got a bit smaller in the years leading upto the Great Recession but in the past 30 years has exploded as the black and Latino communities have been hit by foreclosures and job cuts. There 's a lot of reasons why there are enormous wealth gaps between minorities and whites in America. The most simple answer is, it takes money to make money. Part of the reason that there 's this enormous gap is because whites have long had higher wages and wealth to pass on from generation to generation.

    Read More

  • The Wealth And Poverty Of Nations Summary

    1459 Words  | 6 Pages

    In David S. Landes book, The Wealth and Poverty of Nations, he decides to take a historical approach on the reasons behind why some people remain poor and how others are so rich by trying to comprehend the reasons that lead to advances in economies and modernization in certain regions around the world over the past few decades. In other words by asking how we have come to where we are today in the sense of making, getting and spending. Throughout the book, Landes talks about how we live in a world filled with inequality and diversity therefore leading to classifying those who are poor and unable to afford medical health care living in the North and the wealthy in the South. David S. Landes aim was to basically make people aware of how it is actually geography that is responsible for this division between countries that have caused a lot of hardship for the unprivileged people by making it impossible for them to improve economically as a result of their geographical location on the map.

    Read More

  • Wealth Gap Analysis

    489 Words  | 2 Pages

    As outlined in chapter 10 of the course text, inequality in housing and wealth is a major problem. The United States is described to be the most unequal countries in the western hemisphere. But with the inequalities when it comes to wealth, the United States is one of the richest countries in the world. Wealth is the sum total of a person’s assets. These assets include, cash in the bank and value of all properties, not only land but houses, cars, stocks, and bonds, and retirements savings.

    Read More

  • Effects Of Income Inequality In The United States

    1863 Words  | 8 Pages

    1. Introduction Income inequality has grown significantly during this past decades and this phenomenon continues to increase over the years. This problem is constantly discussed in the daily news all around the world. Several consequences of this increase of inequality between people leads to economic problems such as high unemployment rates, lack of work for young people, fall of demand for certain product. The gap between rich and poor is increasing, the rich are richer and the poor are poorer as a result politicians and economists try to adopt certain policies in order to reduce this gap.

    Read More

  • Economic Inequality In America Essay

    856 Words  | 4 Pages

    America prides itself on being one of the most effective democratically governed counties. The idea of the American dream is that all people have equivalent political freedoms and a responsive government. However the effectiveness of social equality is being threatened by increasing inequality in the United States. Economic inequality in the US has expanded drastically. The wealth gap has had drastic changes over the past 35 years.

    Read More

  • The Impact Of Globalization On Apple

    1025 Words  | 5 Pages

    Globalization is a process of interaction and integration among the people, companies, and governments of different nations, a process driven by international trade and investment and aided by information technology. This process has effects on the environment, on culture, on political systems, on economic development and prosperity, and on human physical well-being in societies around the world. The most common example of globalization might be Ebay or Amazon. Nowadays flows of goods and services are not only cheap and fast, but reliable and secure.

    Read More

  • Globalization Case Study: Amazon

    1105 Words  | 5 Pages

    I. INTRODUCTION a. BACKGROUND: Globalization is a process of interaction and integration among the people, companies, and governments of different countries, a procedure compelled by international trade and investment, and supported by information technology. Furthermore, this process has an effect on various other systems such as on the environment, culture, political systems, economic development and prosperity and lastly, on human physical well-being in societies around the world. “Since 1950, for example, the volume of world trade has increased by 20 times, and from just 1997 to 1999 flows of foreign investment nearly doubled, from $468 billion to $827 billion” (York, 2016). Technology has been another primary driver of globalization,

    Read More

  • Social Problem Of Homelessness

    994 Words  | 4 Pages

    Because of these issues, society should develop better strategies to help these people in need to eliminate the growing poverty level through the world. These strategies could include

    Read More

  • Pros And Cons Of Globalization And Technology

    2235 Words  | 9 Pages

    GLOBALIZATION, TECHNOLOGY AND LAW Globalization and Technology Globalization has completely transformed the way in which the world and its people interact. Earlier there were several roadblocks in the ability to communicate and interact with the people worldwide. But now, the world is becoming more and more globalized in all spheres: Business, financial, social, economical, etc. Over the years, a lot of technological advancements have come into picture including the changes in the field of Information Technology, having a significant impact on the global landscape.

    Read More

  • The Impact Of Globalization In Germany

    1127 Words  | 5 Pages

    Introduction Nowadays people can communicate easily. They can share their ideas, their cultures even with people who are not in their countries. They can trade, transporting products around the world in just a few days. This is a big economy where everything related to each other. This is globalization.

    Read More

  • The Impact Of Globalization On Human Rights

    878 Words  | 4 Pages

    With the way the world economy is going it is obvious that the main beneficiaries of globalization are the developed capitalist countries. There have been many human rights abuses since the introduction of globalization. First and foremost the gap between the rich and poor keeps on widening and inequality is

    Read More

  • Pros And Cons Of Globalization In The Textile Industry

    954 Words  | 4 Pages

    The exceptionally notoriety of the word 'globalization’ signals a require for caution. The word was barely utilized some time recently the late 1980s, indeed in scholarly circles, but nowadays you can barely open a daily paper without experiencing the term. It might effortlessly show up to is an elegant name utilized to assign wonders around which one has as it were the vaguest thoughts. However to dispose of the concept of globalization, and the huge consideration agreed the marvels it envelops, on such grounds, would be silly. There is a genuine require for a common, non-specific term to portray the complex, multi sided ways in which the world is inter-connected, and progressively so.

    Read More

  • Anti-Globalization

    802 Words  | 4 Pages

    Globalization is the method by which business, corporations, individuals start to operate on an international scale. Globalization has empowered monetary advancement, social and political impact. Though globalization is advantageous to the individuals who have worldwide systems while others are barred. The counter globalization development surveys the importance of globalization.

    Read More

More about Wealth Gap Between Countries

Open Document