These consequences include the increase in health issues in the general population, increase in corruption, raise in crime, more teenage pregnancies, and erosion of social mobility. Concerning democracy,…
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The government should try harder to redistribute income so that the have-nots can make use of their share as it is their democratic right. By redistributing income, the government’s popularity will increase. High levels of inequality are not alright. Inequality cannot be solved by taking from the wealthy and giving to the poor. However, it can be solved by empowering the poor. By empowering them, they are given power to do something which shall lead to productivity. Persons who work hard can also be identified by the leaders in the society and rewarded. This will create productive competition among the people. In such a scenario, the society should also strive towards equality in income (Snarr and Snarr 9).
When it comes to poverty, globalization has been a negative force in the world. The reason for this is that it has allowed bigger businesses and wealthier nations to drive forward their aims at the expense of less endowed nations and small businesses. This has been through progress in technology which small businesses and developing countries cannot manage to pay for. Also, many of the jobs created by globalization are not well paid and companies have been outsourcing cheaper labor from other countries (Snarr and Snarr
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With the globalisation the world has become a small place, where an individual has obtained numerous ways and means to communicate and reach anywhere in the world with no time. Nevertheless, if one declares that globalisation has left an indelible imprint on every facet of life whether it is social, political, environmental, economic, or any other, it cannot be false (Ritzer, 2009, pp.
It is unfortunate that these inequalities are more than the estate was about 50 years ago. It is unfortunate that from the many that with the changes taking place in the world today, there are higher cases of inequalities than in the previous years (Schaefer 2007, p23).
Illiteracy or low education affects the ability to get jobs and to access information that could improve the quality of lives. Poor health, malnutrition and lack of good healthcare further limit the underprivileged from the prospects for work and from realizing their
growth, trade, market, business, evolution of science and technology, poverty, health, environment, equality and social justice, sports, terrorism, culture, capitalism, monopoly power, communication, exploitation, almost every issues that are related with living of human
nly created business opportunities but also led to mass urbanization as people were migrating from rural areas to cities for better employment and earning opportunities. The demand and consumption was rising since circulation of money brought wealth to many people thereby
Therefore, when International Monetary and trade regime supports globalization of private sectors, some the private sectors were able to access wider markets around the world and consumers are able to access a variety of goods and services.
om the concept of globalization that facilitates international trade and economic activities in such a way that economic occurrence of one country is bound to influence the condition of world economics (Dunning and Lundan, 2008). In this paper, two questions arising out of
It has a tendency to boost resource utilisation with all the economies focusing on the production of goods for which their human and natural resources are best suited for. It results in a decrease of costs, national development,
mainly focused on developing a common platform for the nations of the world in order to facilitate international trade and commerce (Eichengreen, 2007). The Bretton Wood agreement led to the development of the gold standard for measuring and converting currencies across the
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