Relationship Between Inequality And Economic Growth

Introduction Since the establishment of the People’s Republic of China in 1949 with its government socialist ideology, planned economy during the economic reforms, which started in 1978 and are still going on until nowadays, China has had continued presence of inequality. In my work I overview the evolution of inequality that could be divided into two historical periods: pre-reform period (1949-1978) and the reform period (1978- onwards). I also examine the correlation between inequality and economic growth in China. Although, with the sustained economic development and increase of living standards for the last three decades, China’s uneven regional development has been a serious phenomenon. During the time of triple transition that includes decentralization, modernization and globalization the nature of regional development and its inequality has been changed fundamentally. Inequality has become the engine of progress; I argue that nowadays inequality in China is unavoidable for future development. Pre-reform period Geographically China is divided into three parts: western, central and eastern (coastal) regions. Based on the historical development, natural resources, and climate they have their own distinctions. The new government considered development imbalance as an important issue because of three significant factors. First, the interior labor market was far away from coastal area. The second factor is the raw materials and energy supply were far away from coastalShow MoreRelatedBenefits Of Income And Assets Inequality Essay1462 Words   |  6 PagesIntroduction: Income and assets inequality is a significate issue in economy. Throughout human history capital and assets will likely continue to accumulate and become more concentrated, as a result that an greater level of inequality might be witness. 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More directly it allows people to be able to contribute and engage in the economy as it provides the opportunity for employment, investmentRead MoreThe Effect of Income Inequality on Economic Growth1341 Words   |  5 Pagessomebody wonders why did I choose the subject of inequality the previous lines are exactly the reason. The hypothesis I will try to prove further in my paper is that the striking gap between rich and poor population in the world cannot lead to economic growth. Furthermore, Human Capital is considered to be the main force that stimulates economic growth. But now that human capital is scarcer that machines, widespread education has become the secret to growth. However, education is hardly accessible toRead MoreSources Of Economic Growth And Social Justice Essay1402 Words   |  6 Pages3.1 Sources of Economic Growth and Social-Justice Egyptian per-capita income has been significantly improved in the second half of the first decade of 21st century, as it recorded, in average, $1984 (standard deviation $167), compared to $1312 (standard deviation $597), in average, during the first half of the decade. Figure (1) illustrates the development of per-capita income through the first decade of 21th century and it shows that per-capita income growth rates were, in most, negative duringRead MoreRelationship Between Income Inequality And Financial Sector Development969 Words   |  4 PagesFinancial development boosts economic growth have been shown by the increasing number of scholars, however whether the financial sector development could benefits the income distribution is still controversial. 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For instance, a 2006 UNDP report illustrates that just 7.2 percent of Bayelsa and Rivers State (Nigeria) residents were poor in 1980, but in 2004, the poverty index figures rose exponentially to 44.3 percent; Nigeria’s national rural povertyRead MorePoverty Inequality And Economic Growth1466 Words   |  6 PagesThe purpose of this essay is to investigate the extent in which poverty, inequality and economic growth are related. These three dimensions are regularly perceived as indices of the complex and multidimensional concept of ‘economic development’. This term is not black and white however: it is a concept that is more than just merely income analysis. Poverty can be broken down into two separate definitions: absolute and relative. Absolute poverty describes the position of an individual who is livingRead MoreThe Great Gatsby By F. Scott Fitzgerald867 Words   |  4 Pagesaspiration of economic success. 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The authors Gregorio and Lee state that many other literature pieces emphasize education as one of the major factors affecting the degree of income inequality (Gregorio Lee, 2002). GregorioRead MoreTo What Extent Do Democracies Affect A Nation s Poverty?1578 Words   |  7 Pagesimperative to note because poverty rates have increased every year and with these new technologies, developing democratic countries could look at the United States as a future example on how to decrease poverty. Such ways to decrease poverty includes economic growth, which allows for more job opportunities. These job opportunities will boost the overall economy in all structures of government, which will later decrease the poverty rates within the host country. Both informal and formal job opportunities are

The Beginning Of Foreign Aid Essay - 1505 Words

Introduction: 1.The beginning of Foreign Aid All human beings regardless of their background require a set of resources to survive. These are food, water, shelter and clothing in addition to this, healthcare, education and sanitation are also essential for a person’s wellbeing. In 1949 Truman’s Inaugural Address â€Å"we must embark on a bold new program for making the benefits of our scientific advances and industrial progress available for the improvement and growth of underdeveloped areas† raised awareness of the fundamental belief that countries that are far more developed should be assisting underdeveloped countries to improve their living standards. Aid is the giving of money, goods and advice by one country to another. The principle of giving and supporting others through â€Å"foreign aid† blossomed during the 1960’s, technological advances provided opportunities for televised reporting in the United States of inhumane situations in other â€Å"underdeveloped† countries. T he idea of tackling poverty took hold and the UN and Bretton Woods Institutions (originally formed for post-war reconstruction) became mechanisms for action on development. 2. Why should we help? After a reading a considerable amount, poverty has consistently been a vocal point of discussion when addressing critical humanitarian issues such as: famine, drought, crime, population management and much more. Global organisations have attempted to provide accurate data of distribution of wealth around theShow MoreRelatedPositive Effects of Foreign Aid to India1289 Words   |  6 PagesIt has been argued for decades that long term foreign assistance is unfavorable for the development of the recipient nation. However, there are some countries that have shown positive effects of foreign aid. India can be regarded as this type of country. 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Aid is now being given in large quantitiesRead More What Foreign Aid Is Essay1730 Words   |  7 PagesWhat Foreign Aid Is There are two words that many politicians like to shy away from, and those two words are, foreign aid. Taking a firm stand on either side of this topic is usually side stepped by decision makers. Their opinions are usually based on a case by case analysis. This extremely controversial topic involves whether or not to support the policy of foreign aid to needy or sometimes not so needy countries. What benefits does foreign aid have for the countries that receive itRead MoreA Survey Report On The World s Big Brother1741 Words   |  7 Pagesrefugee influx in Europe and the problems that ISIS poses are just the beginning. It is clear that moreMore and more people wonder why we should even feel the responsibility to help struggling countries around the world when many of our own citizens are destitute and our national debt continues to grow. In agreement with this attitude,This attitude has led many people to support the idea of an â€Å"Americans first† policy. Why send aid to governments that might even hate us when we can spend that moneyRead MoreEssay on The Benefits of Foreign Aid1625 Words   |  7 Pagesmisperception concerning how much of the federal budget is actually set aside for foreign assistance programs. Only one-half of one percent is actually allocated and spent through the agency, stated J. Brian Atwood, head of USAID, at the International Development Conference on January 1995. In addition, U.S. Foreign Assistance le vels are at their lowest levels in over 50 years (Ten Questions Commonly Asked About U.S. Foreign Assistance Programs, March 6, 1995). The United States should continue providingRead MoreThe International Monetary Fund ( Imf )985 Words   |  4 Pagesinfluence on Executive Board decisions, may be more or less inclined to validate IMF support for some countries than for others. In short, politics enters the story from beginning of the negotiation to its full implementation, and this affect the effectiveness of IMF programs. Many of the IMF programs are bound to fail from the beginning because they are based on politics rather than sound economic decisions. Thacker (1999) pointed out that at least one-third of the seventeen countries secured favorableRead MoreThe World s Foreign Policy1593 Words   |  7 Pagesallies in their fight against Germany and the Triple Alliance. This entry into WWI was a marked shift in U.S. foreign policy, moving from a nation of isolation; the U.S.’s participation and position in WWI would forever change its standing in the world politics and its position as a unilateralist nation. When examining U.S. history, and in specifics the history of our nation’s foreign policy, WWI can be viewed largely as one of the pivotal moments in the creation of the modern state. To understandRead MoreThe U.s. National Debt1129 Words   |  5 PagesFarewell Address, the nation ignored it. The ideal goal right now should be to stop the debt from increasing anymore because it is impossible to stop the debt from increasing and expect to pay it off in this generation. Since the nation’s very beginning, it has carried a debt from the American Revolution. Only once in the entire U.S. history has been the debt zero, during President Andrew Jackson’s administration in the 1830’s. President Jackson set a budget like the other future and past presidentsRead MoreAid is not the Way to Development1427 Words   |  6 Pages Trade, not aid, is the key to economic growth in developing countries. To what extent do you agree with this statement? Introduction Most of the developing countries are mired deeply in economical obstacles, which prevent them from development significantly. In order to overcome those embarrassments world’s society struggles to find the efficient solution for poor countries’ economies. Historically, developed countries undertook policy of giving aid to their colonies,

Risk assessment template Free Essays

This is a risk assessment form for assessing the risk of an activity not for the room or premises; this is the responsibility of the institution. If a risk is identified with the room or premises then a decision needs to be made whether the activity takes place until the risk is removed or the level of risk is considered to be acceptable. Risks identified in relation to the premises should be identified on the Need for Action Form. We will write a custom essay sample on Risk assessment template or any similar topic only for you Order Now A risk assessment is nothing more than a careful examination of what, in your work, could cause harm to people, so that you can weigh up whether you have taken enough precautions or should do more to prevent harm. The important things you need to decide are whether a hazard is significant and whether you have it covered by satisfactory precautions so that the risk is small. You need to check this when you assess the risks. Don’t be over complicated, in most of our situations the hazards are few and simple. Checking them is common sense, but necessary. You probably already know whether, for example, you have equipment that could cause harm, or if there is an awkward entrance or stair where someone could be hurt. If so, check that you have taken what reasonable precautions you can o avoid injury. Whilst a generic risk assessment is acceptable for a regular activity it must be reviewed and evaluated on a regular basis. Risk assessments will need to be modified dependent on type of group (do you know the group? Are there any members of the group with particular needs? Has the staff changed? You may have staff less competent than previously, have new staff received instruction/training? ) Overleaf are some examples, these are not fit for all activities and are only guidance in an assimilated situation. HAZARD WHO MIGHT BE HARMED WHAT PRECAUTIONS ARE IN PLACE HOW IS RISK CONTROLLED WHEN/BY WHOM Physical Injury (sport) Lifting and handling of equipment Cuts, puncturing from sharp implements staff,YAP Qualified/trained staff Staff clear about their responsibilities. Conduct and instructions given to participants prior to activity. Equipment checked and manual handling procedures observed. Adequate warm up/warm down. Appropriate dress code L part of induction process for new staff. Training where appropriate. Appropriate handling equipment supplied I. E. Trolley. Incidents and near misses to be recorded. Incidents and near misses recorded Advise on safe practice given. Close supervision. Agreed level of qualification or training required. Agreed code of conduct. Equipment regularly maintained and recorded Analysis of incident reports. Written information in induction packs reviewed. Training courses. Additional equipment identified at supervision sessions Agreed and written safe working practice Ongoing/staff Centre co-ordination 3 times per year by H Committee Training officer. How to cite Risk assessment template, Papers