While considering the poverty line in France, it is amazing to note that the current statistics has revealed that nearly 4 million people are homeless in France. This kind of an alarming and unmatched growth pattern is also visible across some Asian countries. Despite this poverty issue that exists in France, a contradicting situation also persists where myriads of trendy cars such as Odessa, Italian Boulevard etc are being driven across France. Another interesting statistics states that there are nearly 30% of the working population that receive no wages or receive only partial wages (wage arrears). Some say that the poor are getting poorer and the rich are getting wealthier. However the proportion at which this proposition is arrived at is still unknown. Some experts have confirmed that the growth speed across developing countries is comparatively high and it is this factor that will slowdown the income gap. The question now arises on how this ratio or calculation and measurement is being arrived at. In our research, our readings have clearly depicted a growing income gap and a shrinking income gap is not visible. The author has selected comparative data (random selection) and the resulted conclusion that has been arrived at is that the income gap is growing. ?Bucketing' countries into groups results in a question on how to define those groups properly? This question did not provide us with a comprehensive answer. There are some theories that partially explain this growth in the income gap. However, it should be noted that there exists specific items that require, action, measures, correction, anticipation, etc in a simultaneous fashion. It is not one theory but some or a few theories that could help economists in explaining the events of the past and the undeciphered stories retroactive manner. Private foreign Investment is volatile in helping income gaps reduce, while it is public aid that is creating distortions in eradicating income gap growths and it is this growth of trade which is mainly increasing the income gap. The increase in trade will result in the developed countries and its corresponding governments to be able to setup proper policies through more governance. Private businesses should concentrate on unskilled workers to optimize their skills and on innovation.
[...] Consistency: even appearing simplistic, this theory is a fundamental key to understand why the income gap is still growing. We could mention importance of lobbies in the US congress, where a leading group of individuals would maintain their hegemony by all means. This could bring to various decisions with collateral damages increasing the income gap Elite theory Society is composed by three classes (high - elite, medium - mediocre and low - brutal). The main issue is for the high culture to protect itself from the negative effects of the low culture. [...]
[...] Those few assumptions show us the complexity of choosing the most relevant data; the aim of this dissertation being not to answer to those questions, we decided that figures we used to identify the income gap trend are sufficient enough to start our paper Economic Outlook (December 1999), OECD Source : Human development report 2005, United Nations Development Program Hypotheses concerning the income gap: consistency of theories Economist approach Adam Smith 20 Government should not protect national trade and let individuals freely trade . [...]
[...] Definitions Literature review Data and analysis Comments on data Economist approach Adam Smith Pareto efficiency Keynes Friedman - Dusenberry Milton Friedman Ricardo Heckscher-Ohlin Brander-Spencer Sociologist approach Humanistic Marxism Elite theory Pluralism Other approaches Altermondialism (Seattle hypothesis) Reality of theories Public Aid Private Foreign Investment Growth of trade For public policy For private business Hypotheses concerning the income gap: consistency of theories Implications of income gap current trends in developed countries Conclusion Annexes Tables, charts, figures and illustrations Tables Charts Figures Illustrations Bibliography Internet Introduction The author will determine the actual trend (growing, shrinking) of the income gap between developed and certain developing areas. [...]
[...] Otherwise, the invisible hand, if unregulated, would drive to a wider gap of income between and within countries Source : US Department of Labor Source : Info Base Europe Nobel Price : Muhammad Yunus and Grameen Bank (2006) We have chosen to mention the optimum combination of factors described in the Ohlin Nobel price as they appear to be still in line with the necessary public actions to reduce the income gap: Stimulus to the private and public demand for the types of goods and services which can be produced through a better utilization of the existing capacity and available stocks of primary products and with the aid of new capacity, which can be created within reasonable time. [...]
[...] The income gap seems growing, but this gap is being slowed by developing countries with high unmatched growth performance since 19 /20 th th 15 centuries combined with high population (labor intensity) such as seen in the Four East Asian dragons/tigers Source : HSBC, Emerging markets Investment Seminar, Geneva, Thursday 4 May Comments on data 16 The author's first dilemma was to respond to the following question: how to judge how well a society as a whole is doing in the light of the disparate interests of its different members? [...]
APA Style reference
For your bibliographyOnline reading
with our online readerContent validated
by our reading committee
