StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Macroeconomic policies, government attitudes towards Inequality - Essay Example

Comments (0) Cite this document
Summary
Macroeconomic Policies, Government Attitudes towards Inequality Macroeconomic Policies, Government Attitudes towards Inequality Answer 1 Effects of Inequalities on the Economic Growth Inequality badly affects the economic growth because due to this there arises different sever problems those affect the growth level…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER92.4% of users find it useful
Macroeconomic policies, government attitudes towards Inequality
Read Text Preview

Extract of sample "Macroeconomic policies, government attitudes towards Inequality"

Download file to see previous pages So, this represents the economic insecurities and unemployment in the economy which reduce the growth level. Those countries which have inequality pattern in the recent years always face fewer opportunities in the future. The basic problem that arises due to inequality is the polarization of society that affects the growth level because in these middle skill jobs are not the part of the employment pool. So, the inequality can be harmful for the economic growth in the long run (Stiglitz, 2012). Polarization of the Labour Force Its mean the disappearance of the middle skill jobs, this is happening for last three decades that the share of middle skill jobs reduced from the employment pool that is the result of recession in the economy. The four important sectors of middle skill jobs like sales, office and administrative workers, operators and production workers have lost their most of the portion from the employment pool. So, the wages and earnings of this area labour force have fallen over the three decades. This term shows the inequality between the top level societies and middle skills societies because the disparity between the wages of the top and middle increased means the wage level of the middle skill jobs have gone down. So, the polarization of the labour force shows that top-level are going to be rich further and more people are moving towards the bottom (as poor as possible) (Needle, 2005). Theories Theories regarding the labour market polarization are; Spatial Polarization Theory and Social Polarization theory (Thornley, 1992). These theories are discussed below; Spatial Polarization Theory A main differentiation in labour market theory is that between the idea of continuity and discontinuity. In general, when this distinction is used for labour market change, it tends to raise the debate between “social polarization” views and “Inequality theory.” The previous perspective begins by mentioning the undisputable shifts in the labour demand. Such process of industrial transformation has occurred in Europe and United States, result to a decrease in the chances that offer for occupational mobility (Thornley, 1992). This process is the selective emigration of urban occupants, in which middle-class (particularly white) families leave, at the beginning to the suburbs and afterward to the villages to become a new rural middle class. This is process of involves two sides one is the supply side and the second is the demand side. However it creates “inequality” between the supply of suitable labour and the newly increasing demand for technical qualifications. This spatial polarization theory is useful in describing the impacts of post industrial change in an area. It is true at a great cost that national minorities are extremely vulnerable to such changes (Thornley, 1992). Social Polarization Theory The segregation process in a society which might arise because of the inequality of income, economic restructuring and so on is called as social polarisation i.e., the distinction which might comprise of several social groups, from high-income to low-income. This social polarization theory deals with the growth of low-skilled services jobs as well as the expansion of elite of higher professionals (Thornley, 1992). ...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Macroeconomic policies, government attitudes towards Inequality Essay”, n.d.)
Macroeconomic policies, government attitudes towards Inequality Essay. Retrieved from https://studentshare.org/macro-microeconomics/1470568-macroeconomic-policies-government-attitudes
(Macroeconomic Policies, Government Attitudes towards Inequality Essay)
Macroeconomic Policies, Government Attitudes towards Inequality Essay. https://studentshare.org/macro-microeconomics/1470568-macroeconomic-policies-government-attitudes.
“Macroeconomic Policies, Government Attitudes towards Inequality Essay”, n.d. https://studentshare.org/macro-microeconomics/1470568-macroeconomic-policies-government-attitudes.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Macroeconomic policies, government attitudes towards Inequality

Has Government by States Given Way to Inter and Non-State Governance

The application of theories related to the state and its governance can be proved very helpful towards the creation of an effective and well-structured state. However, the phenomenon of a ‘subjective’ interpretation of the above theories is common especially when there are specific targets that need to be achieved by the interested parties (usual participants in a state’s political or social life). For this reason, it is necessary that specific rules and guidelines are followed when studying and interpreting the views of theorists regarding the position, the role and the power of the state.

Within the state, there are many ‘political’ and ‘social’ forces that try to impose their...
10 Pages (2500 words) Report

Towards the Comparison of Specialized Courts in USA and India

Without specialized courts, resolution of complex matters would have been stalled and progress dampened.

Both countries have high educational standards and believe in an informed judiciary who are experts in their fields and these courts are presided by such persons. Justice is speedy in both cases and both give their judges penal and punitive powers.

Although there are many similarities, yet there are some differences both in content and in approach. Whereas the US believes in a more liberal outlook, giving greater emphasis to Human Rights, India lags behind due to its colonial and cultural legacies. The redeeming feature is that lead by its own global status as a growing economic power, it is trying to shed...
12 Pages (3000 words) Case Study

How Effective Are the Current Environment and Ethical/Social Policies of Tesco

 Tesco has been accused of indulging in unfair and monopolistic activities, unethical price of price undercutting thus creating a squeeze on the competition and the local farming community. The volumes of goods traded and retailed leave a large carbon footprint. However, Tesco has stood it is for quite some time now by creating and implementing policies for ethical and responsible for not only fending media accusations but also by stating, and implementing ethical and social policies.

According to Walley (2005), sustainable practices are best developed with an interplay of forces outside organizations like laws, regulations, and competition and organizational policies like governance, and social and ethical practic...
10 Pages (2500 words) Assignment

Does Terrorism Work as a Means of Changing World Policies

That is the dilemma associated with terrorism--- the double-edged weapon. The old saying that one man's terrorist is another man's freedom fighter, is still in vogue. A man belonging to Al-Qaeda can be a so-called freedom fighter for Bin-Laden but for President George Bush Government, he is simply a terrorist, who spills the blood of the innocents.

The basic and the debatable question here is whether terrorism really works in the present scenario in changing the Governments and their opinions? There appears to be a number of instances across the globe wherein it has been felt that terrorists, except killing innocents and making media headings and stories, have generally failed in their deadly mission in toppling the dem...
7 Pages (1750 words) Report

The Globalization Policies in Different Countries

.... In some countries, the tariff may be excessive, rendering your product uncompetitive” (Bugg, 2005) Some countries may incorporate excess tariffs and duties to the imported products compared to the domestic products in order to encourage the domestic production activities. In such cases it is difficult for the foreign business tycoons to invest in those countries. International trade 7 Do’s and Don’ts while allowing foreign participation Even under the current global financial crisis, the Indian economy has stood out because of the carefully formulated economic policies. Foreign investments and participations were limited to some specific segments alone in India. Most of the profitable public organizations are still under the government...
6 Pages (1500 words) Coursework

Donor Attitudes toward Charities

In a similar fashion, the attitude of people towards the charitable services of Bell Shakespeare could also be found out. The hypotheses could be framed in a similar manner as above and the tests conducted to arrive at results are also the same as before. The only difference is between the dependent and the independent variables which are as follows –
In the first case, the appropriate test that needs to be carried out to check the hypotheses is the Student’s t-test (Kerr A. W., Hall H.K. & Kozub S., 2002, pp70; Schumacker, R.E., Akers, A., 2001, pp341; Edgington, E.S., 1995, pp111) and in the latter case, the suitable tests will be the F-test.
The attitude of the people towards Bell’s charitable se...
12 Pages (3000 words) Assignment

Strategies of the South African Government

Maslow has argued that security and safety are required by all human beings (Boeree 2006). According to the Federation Internationale de Football Association (2009), Uruguay was the first nation to host the Fifa World Cup. In 2010, South Africa would be the first African nation to host the next World Cup. But Euromonitor (2009) considers that South Africa is a country with a significant rate of insecurity that would influence the trip to South Africa. Various security strategies will have to be reviewed by the South African Government in order to implement security and safety during this big event (Republic of South Africa, 2008). To accomplish the safety of the tourists during the World Cup 2010, many South African cities have in...
17 Pages (4250 words) Research Proposal

Australias Policies on Language and Multiculturalism

The state government is headed by the Premier (Government in Australia n.d.). Each state has its own electoral and educational system (Government in Australia n.d.). Composing the state are smaller political subdivisions or municipalities and run by the local governments called councils (Government in Australia n.d.).
Multiculturalism is an essential element of Australian society since it provides the framework for social goals that foster solidarity and upholds ideas, capacity and economic growth (Multiculturalism 1996). According to the South Australian Multicultural and Ethnic Affairs Commission Act of 1980, multiculturalism refers to the “policies and practices that recognize and respond to the ethnic diversity of t...
9 Pages (2250 words) Assignment

Intermediate Macroeconomics and Macroeconomic Coordination

... is greater than APE, there is an insufficient demand for goods & services as compared to the supply of funding available for it. This causes the interest rates to go down, thus making the borrowing cheaper and inducing the APE to increase & ASF to fall down to a level where APE= ASF. This gives rise to a new level for these three variables where (GDP < APE = ASF). The inequality in GDP Level causes a temporary slash in price levels while interest rates moving down to bring the economy to equality (GDP = APE = ASF). CHAPTER 06 ( MACROECONOMIC SHOCKS: INSUFFICIENT DEMAND CASES) The shocks produced during macroeconomic activity are not limited to excessive demand but there are certain shocks also produced to insufficient demand for goods...
6 Pages (1500 words) Assignment

Global Inequality

Dependency theories came in as a critique of this view and they stated that nations cannot grow and become developed, as there are two types of nations including those who are underdeveloped or developing and then there are those who are already developed. They state that developing nations cannot gain the status of developed nations because the developed nations are exploiting the underdeveloped nations. This assignment will focus on the reasons that the theorists of dependency theory and modernization theory provide for the existence of global inequality and the paper will further focus on the strengths and weaknesses associated with these theories.
According to the findings of Giddens, theorists who follow the dependency a...
6 Pages (1500 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Macroeconomic policies, government attitudes towards Inequality for FREE!

Contact Us