The Goal to Eliminate Economic Inequality Assignment

The Goal to Eliminate Economic Inequality - Assignment Example Although the focus of one country may vary from another, economists and government policymakers continue to work on policies to achieve these goals. The goal to eliminate economic inequality is one of the many established objectives focused not only within a single economy but also the whole world. Economic inequality is seen in both microeconomics and macroeconomic level. In a microeconomics perspective, it is evident through the occurrence of unemployment. Unemployment is perceived as a basic cause of inequitable distribution of income in an economy resulting in some group of citizens facing poverty while others enjoying abundance. On the other hand, inequality in a macroeconomics perspective is observed as nations differ in their endowment of economic resources. Some nations are endowed with abundant economic resources while others are left to suffer from their very minimal amount of resources. From both perspectives, we end up having two groups when we talk about our people or na tions of the world. Economic inequality results in poverty creating the divide between the rich and the poor. Poverty hinders economic growth and development. It is the root of the cause of problems such as health problems, economic distress, unemployment, and more importantly hunger. That is mainly the reason for economists and government policymakers all over the world to establish ways on alleviating if not completely eliminating poverty. With economic growth and development, there will be rising outputs and income; people are more able to meet their needs and wants. This also results in improved quality of life as greater opportunities are provided without sacrificing other opportunities and pleasures. A nation experiencing growth and development can resolve socioeconomic problems better and undertake new programs to alleviate poverty more readily without impairing existing levels of consumption, investment and public goods production (McConnell and Brue, 132). The level of econ omic growth and development of a country also reflects its position in the world economy. Countries are categorized as either developed or developing - the first being wealthy and the latter being poor. The wealthy group was composed of most of the Western European countries, Canada and the United States. Inhabitants of these regions lived (and still lived) in great affluence and consumed a large part of the world’s resources. The other group - Latin America, Asia, and Africa- was poor, underdeveloped and contained almost 75 percent of the world’s population (Appleyard and Field Jr, 381). World Bank characterized countries according to their incomes. In its annual World Development Indicators in 2000 and World Development Reports in 1999/2000, countries are grouped as low- income economies, lower-middle-income economies, upper-middle-income economies and high-income economies (World Bank, 251). Economists and government policymakers, especially those in developing coun tries began to look for reasons to explain this disparity and for ways to eliminate it. Poverty creates the disparity that is experienced by the people from developed and developing countries. There is a need to realize and address the issue of poverty especially in the continent of Africa. William Easterly worked on a paper entitled â€Å"Can the West Save Africa†

Social responsibilities of multinational corporations Essay

Social responsibilities of multinational corporations - Essay Example Over the years, MNCs have been criticized for various reasons despite their many advantages. It is believed that they pay less regard to human rights and the environment. Criticisms also include the fact that MNCs have resulted in huge conglomerates in different countries, which overall reduces competition and violates the concept of free market economy. They are believed to raise money in the host countries of the MNC and then ship the profits back to that country, but at the same time using the other country’s labor, resources, cultures etc. In short, MNCs are believed to exploit human beings from all over the world apart from the host country. However MNCs also have certain advantages both for the host and the home country. The standard of living of the countries will increase regardless because investment and employment increase and people have greater purchasing power parity. The host country usually gets free flow of information and technology through this institution as well as expertise which may not be available in their own country. Domestic business also gets greater competition and business due to functioning of MNCs. Those who support MNCs believe it doesn’t reduce competitiveness but actually increases it, due to the breaking of local monopolies. Host country can also reduce their imports and export the goods produced by MNCs to improve their balance of payment accounts. Lastly, home countries can also benefit from the cultural diversity in the formation of MNCs worldwide. Under the topic of MNCs, there has been a great deal of debate among professionals about the social responsibilities of an MNC in operating globally. Some believe that MNCs have limited responsibility, usually depending on the laws of the host country. Others believe that they have the duty to fulfill the negative rights of human beings, and some believe that MNCs have a duty to fulfill both positive and negative rights of individuals. MNCs have always assumed to b e self-interested organizations, with the only aim to make profit and pay no regard to the people of developing economies or the environment. They seem to take on social responsibility, only if need be, and because recent studies show that ethical practices and social justice leads to profits in the long run. They seem to follow the principle-agent assumptions and MNCs are the agent because they seem to have no moral obligations to carry out honest behavior for socially responsible outcomes. Also, they seem to exploit host nations and their people because it is easier to do so; in developed countries there are several laws and institutions are tighter thus protecting people and firms from harm, however developing economies don’t have such laws so companies operating in them need to be even more socially responsible for the outcomes. Certain conditions prevail in a developing economy that makes MNCs more accountable with regards to social responsibility: Cultural practices in developing countries may allow for practices which violate human rights basic or advanced, and in accordance with gender, or politics etc. Most of these cultural practices have been eliminated in advanced countries but seem to be a problem in developing countries. The legal framework in developing economies may not insulate the country and its people from harm which is why MNCs have to be responsible. Corruption reigns supreme, therefore even in places where a

A Growing Level of Financial Engineering and Risk Management Research Paper

A Growing Level of Financial Engineering and Risk Management - Research Paper Example The renowned theory by Lon Fuller that is titled the â€Å"inner morality† of the Rule of Law clearly stipulates that a legal system will fail if laws presented within the system are obscure, and contradicting. Therefore, to ensure that Islamic banking maintains its unique nature it has been critical to devise a legal framework that ensures efficient functioning of Islamic banking, which is in conformity with Islamic teachings. We can look into the key elements that are contained within a legal framework to support the efficient functioning of Islamic banking. Aldohni stated that under the Islamic banking act, Islamic banking business is described as a banking business whose operations and objectives only contain elements that have been approved by the Islamic religion and in particular, the Shariah laws (63-65). Therefore, the main elements within the legal framework for the efficient functioning of Islamic banking draw their origin to the Islamic religion. The most predomina nt element of the legal framework for Islamic banking is the prohibition of the issuance of interests on all forms of transactions within Islamic banks. This element within the legal framework ensures the efficient functioning of Islamic banking in a manner that conforms to Islamic teachings and it helps in differentiating Islamic banks from the other commercial banks (Aldohni, 68-71). This differtiation would lead to figuring out to the public the equitability and avoidance of Ghara in Islamic banking as compared to conventional system conventional banking legal and regulatory framework.

A Research On Earthquake Resistant Building Construction Term Paper

A Research On Earthquake Resistant Building Construction - Term Paper Example The big question that remains begging for answers, therefore, is as to why Haiti had so many casualties as compared to San Francisco. Joyce (2010) of NPR news agency observed that â€Å"most buildings hardly met engineering standards and were significantly fragile to withstand an earthquake of such a magnitude.† Then why did the Haitians, and more so their government, allowed such buildings to be constructed? The answer is simple; most Haitian and low-income earners and can barely afford to build similar to those found in San Francisco or New York, for instance. Effective architectural design, proper choice of structural components, and adherence to construction code of ethics guarantee the development of affordable earthquake resistant buildings that are less affected by earthquakes.Earthquakes refer to sudden movements or shaking of the earth surface. It could be man-made, for instance, those caused by heavy machinery, or natural that are often caused by geological process o ccurring from within the earth surface. When it occurs, weak structures end up being destroyed. There are several reasons that cause building to fail in the event of an earthquake. For example, at the instance that an earthquake strikes, the vertical and horizontal movements cause the building to shift from its position of rest. However, due to forces of inertia, the building's weight somehow changes and, hence, causing failure of the building. Also, the material used in the construction of the building contributes to this failure.

Taking a geographic perspective, critically discuss the representation Essay

Taking a geographic perspective, critically discuss the representation of gender OR race OR sexualities Or exclusion in education and training in one news article that you have found - Essay Example In this connection, it unravels some of the geography’s main concepts namely; place, space, landscape and environment. Some of the key areas of future debates are also explored. This article reveals the under-representation of the women in the social and the technical subjects through the higher education in Britain, possible impediments and discouragement in the face of the feminist geography. Some of the outstanding impediments laid out include the masculine occupational nature of the courses, the nature of the very scientific inquiry and the general lack of the women role models and the networks. In a study to explore the various experiences of the students in the gender minority causes and some of the mixed economy college institutions, there were parallels identified between the males and female minority students in their learning process2. In vehicle engineering programs for instance, the students showed a satisfactory participation and well performance during the normal classwork. However, there were reported difficulties in the workshops where practical learning was required. Further probing into the possible causes of these variations in which case the female learners did not quite fair well during the workshops, the gender issues did not explicitly feature2. However, there was a concern for the intimidatory behavior and some of the gender stereotypes was seen as the factors contributing to the compromised female participation. In fact, the same gender tutors were at some points not seen as really important, even by the learners themselves. This brings in the whole que stion of gendering the space and place, and the role of the very place and space in the making of gender. This case of the work place, featuring the women at work and how the perceptions of the gender play a role, which transcends down to the making of the female identity2. As indeed evident in the report, the female

Child Abuse Research Paper Example | Topics and Well Written Essays - 1000 words

Child Abuse - Research Paper Example Children are a blessing from God and deserve love just like anyone else. However, in the recent past many researches have indicated that several children are being abused. This should come as a bad news especially in this 21st Century where the youth form a large percentage of the population. According to some researchers like Besharov et al (2001), there are many cases which go unreported, uninterrupted or misreported. According to stop it now (www.stopitnow.org) a world organization that prevents child abuse, reports that a third of girls and nearly 1 in seven boys experiences sexual abuse while statistics suggest from research suggest that only 12% to 30% of the cases are reported. Families mostly deny child abuse within their homes. In one of the cases reported in stop it now, one woman had been sexually abused by his brother but she kept quiet for fear of being killed, after sensing that her niece will fall in the same trap she finally reported the matter to their family but the family did not believe her and so nobody took action on that case. Most powerful people go unreported if they are found abusing children because people find it hard to talk bad things about them. Since nearly all states passed the mandatory laws requiring any suspected child abuse to be repor ted, child abuse cases has been on the rise. This result in many cases being reported which are baseless (Besharov et al., 2001). Melissa (2009), says that child abuse can be considered to be any act that causes physical body injury, psychological or emotional torture. These acts causes suffering to the child and sometimes may be harmful enough and eventually may lead to death or permanent damage of victims.

Collaborative Fund-Raising Activit Essay Example for Free

Collaborative Fund-Raising Activit Essay The Phoenix Homeless Agency (PHA) needs to increase funding to continue funding job counseling to qualifying recipients. While they regularly access traditional contracts and grants, the economy has increased the need for services immensely and required them to look for other sources. The Executive Director and Board of Directors have begun their search by using the internet, other agencies, and community networking. They have decided that there are three options that would yield revenue while also keeping costs under control so that they have money left over for their program; appealing to local government officials, contacting local businesses for donations, and holding a strong public donation campaign. First, by contacting local government officials the agency may access information about funding that is available to community agencies that are not related to federal or state traditional grants and contracts. These may include United Way, connections to people who may wish to donate, grants from large out-of the area businesses and foundations, or city donations to help people find work. They may also employ grant writers who may be able to help organization understand the locating and writing process to achieve better results. Second, local businesses are often feeling the pinch of the economy as hard as individuals. They understand that people need help and will donate products to be sold in exchange for tax donation credit. These donations could either be sold or used within the program; either raising money by their sale or saving the program money, respectively. Ultimately, the people they help may become their future employees and/or consumers; people remember who helped them when they were in dire straights. Auctions, in-kind trade of services, and door-to-door product sales may raise money which can be helpful in the continuation of the program with very little if any cost. Lastly, the option to run a strong donation drive within the community may be quite successful. This agency has been helping the local people for many years and many will wish to see it continue its work. At a time when support may be needed the most, communities tend to rally behind local agencies rather than donate to larger, more nationally-based organizations because they can see the way their money is being spent. Asking people for money is never a pleasant or easy task, but when the option is ceasing to exist, it must be done. Appealing to individuals helps pull the community together and provides much needed assistance to agencies.