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Essays About Economic Inequality

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Looking at Economic Inequality Through Kuznets Ratio

Abstract In this paper, we review major literature of the past with respect to global income inequality trends and relationship of income inequality with other variables of an economy. Then, we study income dispro- portion by looking at the cross-section of 24 countries from the time period of 2001 to 2014, with the help of…

Reducing Social and Economic Inequality in South Africa

Introduction Extreme socio-economic inequality in South Africa remains obstinate, despite decades of transitioning to democratic rule. By contrast, poverty levels have decreased due to deliberate redistributive policies put in place such as progressive tax system and enhanced cash transfer programs (Sulla & Zikhali, 2018). Also, South Africa recorded relatively stable economic growth in terms of…

Issue of Economic Inequality in the United States

Inequality can be seen in various different contexts. Within the last years, public increased caring about gender inequality through rising feminism, as well as there have always been conflicts over racial inequality and the different treatment of people because of their skin colour or origin. At the same time, huge disparities can be recognized when…

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Harm Effect of Economic and Income Inequality

Many Americans have become wealthy and famous because of their hard work and determination and many others can too. The problem lies in the fact that not everyone in America can attain these hopes and dreams of being successful and rich. Even though a certain amount of income inequality is valuable as it gives people…

Wealth and Economic Inequality in the United States

The Problem Over the last three decades the share of wealth owned by the richest 0.1% of families in the US has risen from 7% to 22%. There are approximately 160,000 families in this cohort and their wealth amounts to at least $20 million per household. In this same time, the wealth of the top…

Issue of Social and Economic Inequality in China

In recent years, China’s economic growth has been staggering, as at January 2018, the growth rate achieved was 6.8% (Trading Economics, n.d.). However, behind all the glorious numbers achieved, lies a very serious problem – Social inequality. Between the year 2005 and 2016, a study carried out by Statista has shown that around 1% of…

Economic Inequality of Women in the U.S

Introduction The current economic status of women is defined by a single statistic, “women make 80 cents for every dollar a man makes”, according to the Institute for Women’s Policy Research (2018). Women in the United States are not economically equal to men due to an oppressive labor force and outdated capitalistic ideology. The current…

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