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Inequalities of wealth between the rich and the poor - Essay Example

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This essay describes inequalities of wealth between the rich and the poor.Roughly two percent of the world’s wealthiest individuals are able to expand their wealth despite the economic challenges whereas the low-income families are struggling hard to earn enough money for food each day…
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Inequalities of wealth between the rich and the poor
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"Inequalities of wealth between the rich and the poor"

Download file to see previous pages Having read a lot of economic papers and business related news makes it difficult for myself to agree with the statement that globalization alone is the major cause of the continuously widening gap between those individuals who are able to earn excessively large amount of money as compared to those who barely earns an income to support their daily needs. I believe that there will always be other ways that could enable the people to fight poverty as well as survive the tight competition in the labor market. For instance, the United Nations Educational, Scientific and Cultural Organization (UNESCO) is promoting that the local government in each country should increase the share of public expenditure allocation in order to improve the quality of education system within the country. Basically, increasing the literacy rate of the local people empowers each one of them to be able to compete in the tight competition in the global labor markets. In line with the promise of good education in the development of a good career, most of the nurses in developing countries are taking the opportunity to work in developed countries where they could earn a better salary compensation in exchange for their services.Another example of creating new job opportunities is to boost the promotion of tourism. (Greene County, 2008) In general, encouraging more tourists to visit some of the country’s most prominent places as well as other relevant attraction sites could indirectly boost the country’s economy. ...Download file to see next pagesRead More
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