Economic Inequality Global Issue
Order ID 53003233773 Type Essay Writer Level Masters Style APA Sources/References 4 Perfect Number of Pages to Order 5-10 Pages
Economic Inequality Global Issue
Economic inequality is a significant global issue that refers to the unequal distribution of wealth and income among individuals and groups within a society. It has become an increasingly pressing concern in recent years, as the gap between the rich and the poor has continued to widen in many countries, with potentially far-reaching consequences for social stability, political systems, and economic growth.
One of the primary drivers of economic inequality is globalization, which has enabled the free movement of capital and labor across borders, leading to the rise of transnational corporations and the offshoring of jobs from developed to developing countries. This has led to a concentration of wealth in the hands of a relatively small number of people, who are able to reap the benefits of global trade and investment, while the majority of workers in both developed and developing countries have seen their wages stagnate or decline.
Another factor contributing to economic inequality is the declining power of labor unions and the erosion of worker protections, which has resulted in a weakening of collective bargaining power and a shift of wealth towards owners and managers. In addition, tax policies in many countries have been structured in a way that favors the wealthy, with lower tax rates on investment income and capital gains, as well as tax loopholes and exemptions that allow the wealthy to avoid paying their fair share of taxes.
The consequences of economic inequality are numerous and wide-ranging. Perhaps most importantly, it can lead to social and political instability, as those who are excluded from the benefits of economic growth become disillusioned and resentful of the wealthy elite. This can result in protests, riots, and even revolutions, as has been seen in a number of countries around the world in recent years.
In addition, economic inequality can lead to a decline in social mobility, as the children of wealthy families have access to better education, healthcare, and other opportunities that can help them to succeed, while the children of poor families are often held back by lack of resources and opportunities. This can result in a perpetuation of poverty and inequality across generations.
Finally, economic inequality can have a negative impact on economic growth and development, as it can result in lower levels of consumer spending, investment, and innovation, which can limit the potential for economic expansion and job creation. This can lead to a situation where the economy is dominated by a small number of large corporations, with little competition or innovation, and a shrinking middle class.
In order to address economic inequality, a number of strategies have been proposed, including progressive tax policies, increased investment in education and training, stronger worker protections, and more robust social safety nets. In addition, some have argued for the need to shift the focus of economic policy away from a narrow focus on GDP growth and towards a more holistic approach that takes into account factors such as inequality, environmental sustainability, and social well-being.
In conclusion, economic inequality is a significant global issue that has wide-ranging consequences for social stability, political systems, and economic growth. While a number of strategies have been proposed to address this issue, it remains a complex and multifaceted challenge that will require a broad-based, long-term approach. By addressing economic inequality, we can create a more just and equitable society that benefits all people, regardless of their background or economic status.
Economic Inequality Global Issue
QUALITY OF RESPONSE NO RESPONSE POOR / UNSATISFACTORY SATISFACTORY GOOD EXCELLENT Content (worth a maximum of 50% of the total points) Zero points: Student failed to submit the final paper. 20 points out of 50: The essay illustrates poor understanding of the relevant material by failing to address or incorrectly addressing the relevant content; failing to identify or inaccurately explaining/defining key concepts/ideas; ignoring or incorrectly explaining key points/claims and the reasoning behind them; and/or incorrectly or inappropriately using terminology; and elements of the response are lacking. 30 points out of 50: The essay illustrates a rudimentary understanding of the relevant material by mentioning but not full explaining the relevant content; identifying some of the key concepts/ideas though failing to fully or accurately explain many of them; using terminology, though sometimes inaccurately or inappropriately; and/or incorporating some key claims/points but failing to explain the reasoning behind them or doing so inaccurately. Elements of the required response may also be lacking. 40 points out of 50: The essay illustrates solid understanding of the relevant material by correctly addressing most of the relevant content; identifying and explaining most of the key concepts/ideas; using correct terminology; explaining the reasoning behind most of the key points/claims; and/or where necessary or useful, substantiating some points with accurate examples. The answer is complete. 50 points: The essay illustrates exemplary understanding of the relevant material by thoroughly and correctly addressing the relevant content; identifying and explaining all of the key concepts/ideas; using correct terminology explaining the reasoning behind key points/claims and substantiating, as necessary/useful, points with several accurate and illuminating examples. No aspects of the required answer are missing. Use of Sources (worth a maximum of 20% of the total points). Zero points: Student failed to include citations and/or references. Or the student failed to submit a final paper. 5 out 20 points: Sources are seldom cited to support statements and/or format of citations are not recognizable as APA 6th Edition format. There are major errors in the formation of the references and citations. And/or there is a major reliance on highly questionable. The Student fails to provide an adequate synthesis of research collected for the paper. 10 out 20 points: References to scholarly sources are occasionally given; many statements seem unsubstantiated. Frequent errors in APA 6th Edition format, leaving the reader confused about the source of the information. There are significant errors of the formation in the references and citations. And/or there is a significant use of highly questionable sources. 15 out 20 points: Credible Scholarly sources are used effectively support claims and are, for the most part, clear and fairly represented. APA 6th Edition is used with only a few minor errors. There are minor errors in reference and/or citations. And/or there is some use of questionable sources. 20 points: Credible scholarly sources are used to give compelling evidence to support claims and are clearly and fairly represented. APA 6th Edition format is used accurately and consistently. The student uses above the maximum required references in the development of the assignment. Grammar (worth maximum of 20% of total points) Zero points: Student failed to submit the final paper. 5 points out of 20: The paper does not communicate ideas/points clearly due to inappropriate use of terminology and vague language; thoughts and sentences are disjointed or incomprehensible; organization lacking; and/or numerous grammatical, spelling/punctuation errors 10 points out 20: The paper is often unclear and difficult to follow due to some inappropriate terminology and/or vague language; ideas may be fragmented, wandering and/or repetitive; poor organization; and/or some grammatical, spelling, punctuation errors 15 points out of 20: The paper is mostly clear as a result of appropriate use of terminology and minimal vagueness; no tangents and no repetition; fairly good organization; almost perfect grammar, spelling, punctuation, and word usage. 20 points: The paper is clear, concise, and a pleasure to read as a result of appropriate and precise use of terminology; total coherence of thoughts and presentation and logical organization; and the essay is error free. Structure of the Paper (worth 10% of total points) Zero points: Student failed to submit the final paper. 3 points out of 10: Student needs to develop better formatting skills. The paper omits significant structural elements required for and APA 6th edition paper. Formatting of the paper has major flaws. The paper does not conform to APA 6th edition requirements whatsoever. 5 points out of 10: Appearance of final paper demonstrates the student’s limited ability to format the paper. There are significant errors in formatting and/or the total omission of major components of an APA 6th edition paper. They can include the omission of the cover page, abstract, and page numbers. Additionally the page has major formatting issues with spacing or paragraph formation. Font size might not conform to size requirements. The student also significantly writes too large or too short of and paper 7 points out of 10: Research paper presents an above-average use of formatting skills. The paper has slight errors within the paper. This can include small errors or omissions with the cover page, abstract, page number, and headers. There could be also slight formatting issues with the document spacing or the font Additionally the paper might slightly exceed or undershoot the specific number of required written pages for the assignment. 10 points: Student provides a high-caliber, formatted paper. This includes an APA 6th edition cover page, abstract, page number, headers and is double spaced in 12’ Times Roman Font. Additionally, the paper conforms to the specific number of required written pages and neither goes over or under the specified length of the paper.
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