Conclusion : No single factor can account for the large disparities in economic development among the countries of the world. . What can we do about it? On the other hand, more than half of the rest of the world will not be having the kind of holiday with presents, fireplaces, and television specials that most Americans are used to. The Solution Of The Increasing Gap Between The Rich And Poor. Many factors are responsible for economic growth and sustainability as well as for crisis and disruption. If we look at the problems caused by this phenomenon, we will find a number of issues. The government on the other hand should provide fair opportunity between the rich and the poor by considering their social background.
Yeah we're getting richer, but it's the rich that's getting richer, not the poor. The current standing of the rich earning about seventy times the poor are causing the rich to get richer. People can live and support their family within their incomes. A lack of government initiatives could be the root cause for this. Among all the possible choices, I decided that the most serious and universal problem is the growing chasm between the richest and poorest people on earth. Decentralization is also required for the development of rural areas.
This is another reason poor people get no opportunity to develop their economic condition while rich amasses more fortune. . These two claims seem contradictory to me, and in my paper I will hope to find out why the income gap is so high when President Bush claims the economy is doing so well. Colonialism : Colonialism is an extreme form of dependency. Introduction: The gap between the rich and poor indicate the imbalance of personal wealth in the society. I feel that since the United States offers so much aid throughout the world we should give assistance in developing better economies for other countries.
The gap between them is expected to increase resulting in serious threat. For example, ensuring tax collection and using it for development of the country is only possible by the government in a country. The Bohemian Club is one of the most widely known clubs that caters to the upper class, corporate leaders, celebrities, and government officials. A participatory approach was needed for the research, involving 10 young people from black and minority ethnic backgrounds and structured interview techniques. Many different actions can cause poverty. The most important factor of success is a good education and most low-income families are denied this because of zoning reasons. Relevance: Rich countries consume much more resources then their fair share.
For example, most agriculture in Asia regions has been practiced through human power rather using machines unlike developing countries. By measuring the historical intensity of international economic links, the World Bank has identified that between the two World Wars and through the Great Depression the global poverty rose strongly and inequality widened. Briefly, no community can prosper and evolve safely unless the gaps are bridged between people at all aspects giving a fair chance to everyone to live in comfort if they worked reasonably hard to achieve it. This has resulted in the paradox of the rich among the poor. Meanwhile, the Internet serves as a global channel, and provides retailers with unique opportunities, as well as challenges, for conducting business with both consumers and other businesses. As marginalized groups most often do not make enough money to meet their basic needs, they resort to heinous acts like burglary, theft etc. While the poor are struggling, trying to telly with the rich.
The author states that owning a corporation, one get access to tax breaks that is not available to employees. The agriculture sector promotes industrial growth in various ways. They are poor, because they have either been in civil wars or do not have the stability to develop a high standard of living. In most of the firms, bureaucracy, which involves management of the production process highly, influences the running, operations and survival of the business. And there are agencies that overlook American operations from doing such activity. It has to lesser the gap of rich and poor where poor people can also have higher facilities everywhere in society, education and preference on merit like rich people.
In addition, authors hope this issue must be mentioned by the society and anticipate it will be controlled by developing policy. A modern social and economic structure should be formed to address this issue. The problems aren't getting fixed and this is the bottom line. . The gap between rich and poor in the world today. As a result of today's situation, a broadband of the poor are striving to get a fair share of prosperity with no actual hope, the fabric of the society is getting weaker and therefore each group is more colonised to itself forming new habits and customs.
It makes more sense to dig wells for people who. Secondly, governments should ensure the quality of education to all of their citizens. What problems can the situation cause and give solutions? Due to geographical diversity various regions tend to develop different knowledge and techniques. On the other hand, poor guys are less likely to build a business because of the absence of capital. This indicates that the economic inequality is increasing instead of declining, thereby triggering many problem by widening the gap between poor people and rich people. However, these are not an insurmountable problem if the government takes some suitable measure.