Essays on Income Distribution

Question 1: Arabic Perfume Unique Selling Propositions and Position Strategy in the Global Market

Pursuit defines unique selling propositions as an act that sets a business to stand out uniquely because of what it produces in the market. In most cases, companies make mistakes of wanting to be known for everything as soon as they enter the market. One of the Arabic Perfume propositions is that their fragrance produces are descent and anchored in the local’s culture, and traditions and consumers use it a lot, and the businesses have a tradition of gifting the fragrance. For this reason, a Middle Eastern customer can buy several units of same scent perfumes (Elizabeth Arden ...

With the new invention of technology, marketing is taking another way that might be a threat or beneficial in the marketing industry. The imperative of digital engagement and innovation have emerged in the business and mostly the marketing sector. The businesses now realize the need to use the digital platform to engage with their customers, key stakeholders so as to maintain the relevance and the drive for conversations (Kittaneh, 2014). However, few people in the market realize how fast the change should take place, or how fast the transformational the process should be. Therefore, the business needs to embrace ...

Question/Problem Definition

In a global and competitive world of corporation, each organization aims to acquire a significant share of market and earn lucrative profits from loyal customers. On the contrary, the customers want products and services from organizations that ensure their quality at least possible price. In order to produce and deliver a quality product and/or service to the customers, it is important to have an in-depth customer orientation and standardization in production processes. The two aspects need a strong synchronization with the organizational culture and strategic decision-making. Organizations need to sustain a strong compliance with quality guidelines and factors that ...

Problem Statement

There are a number of reasons, defined by the ethical as well as the economic and the political scenes, for the non-diminishing interest in addressing the gap between the rich and the poor. "The rich get richer and the poor get poorer" is an aphorism, which outlines the major views on economic inequality and the criticism, seen in academic and business literature, towards the philosophy of free market and capitalism in general. One of the principal works, laying the foundation for the discussion, is the work by Thomas Piketty, Capital in the Twenty-First Century (2014), who places the idea ...

Introduction

The majority of today’s economic commentators and politicians are opined that capitalism is the best way to build a perfect society. Furthermore, several research studies demonstrated that this assumption is also deeply ingrained in the contemporary public opinion of many Americans, who strongly believe that the current system of income distribution is the shortest way to making the American, and, possibly, the international society completely egalitarian (Robibson & Santos 9). Many people from the developing countries believe that the American economic system provides is the best way to make it possible for everyone in the country, as well as ...

Inflation entails the persistent rise in the general prices of goods and services in a country. This phenomenon has various consequences that touch on individuals and the economy as a whole. Inflation results in reduced real incomes. Rising inflation levels in an economy tend to reduce individuals’ incomes as well as the real GDP of the economy as people spend more on few commodities due increased prices. The cost of obtaining loans and mortgages increases during high inflation regime as people strive to finance increased living costs (Mankiw 53). The demand for loans increases during inflation, resulting in high ...

Introduction

In past few years, one of the most significant developments in the world economy is the emergence of India and China as major forces in the global economy. The constant growth of these countries is expected to dominate the economy of the whole world for several decades. Both countries contribute as more than one-third of the world’s population. Since 1980, both economies have been successful in achieving remarkable poverty reduction and economic growth rate. In respect of economic growth, it seems that China and India both are similar as both of these countries have large geographies and populations. ...

[Class Title]

Income Inequality in America

Introduction Income inequality is one of the most observable trends in the American society today. There are, for instance, super rich Americans with the resources that are exceedingly high compared to the average American wage earner. Over the years, the disparity between the rich and the poor in terms of income has been widening and it is widening rapidly. Income inequalities have become exceedingly unacceptable that it has become one of the most controversial and talked about topic in contemporary American society. In fact, this coming 2016 United States presidential election, one of the key issues is ...

Financial Development and Economic Growth bear a strong relationship with each other. “Theory and evidence imply that better developed financial systems ease external financing constraints facing firms, which illuminates one mechanism through which financial development influences economic growth” (Levine, 2005). Studies suggest that an economy’s financial system cuts transaction and information costs which in turn results into mobilizing savings, better investments and proper resource allocation. These in turn bring about innovation in technology, accumulation of capital and economic growth. Levine (2005) suggests that when financial intermediaries are present in the market, investors gain access to high quality and ...

Over the last few decades, the level of economic inequality has significantly increased, especially in the OECD countries (John 7). Essentially, the top earning population has acquired a large share of the overall gains in income. Fundamentally, there has been an increasing consensus that major assessment on the level of economic performance should not be based solely on income growth, but the distribution of income. Such assessments are highly concerned with the level of both economic and income inequality. Economic inequality measurements have numerous dimensions, and economists view it in terms of monetary assessments related to incomes for individual ...

ECON 4331W

Introduction The phrase "the rich get richer while the poor get poorer" has become a worldwide anthem at many political and economic forums. While these facts are actually true very few or practically no one goes forward to act in a manner seen to strike a balance if anything many individuals are individualistic and greedy. Elite economists from IMF recently released a study on the causes and consequences of rising income inequalities. It is believed as a result of income inequality there could arise a myriad of complex problems, most of which touch and significantly impact upon the economic ...

Economics is an important discipline that concerns an individual’s daily activities. However, as much as the importance of economics to the people and the daily lives of individuals, it can be considered to have been influenced by other disciplines. Economics is a vast discipline that covers a lot of aspects that are important. As a result, the wide scope of knowledge covered by economics comes from multiple disciplines that are studies. Political science can be considered as one the discipline that influences economics largely (Malthus, Donald Winch, and Patricia James 194). Economics covers a wide scope of knowledge ...

Human Resource Management Issues

Introduction The human resource unit is perhaps the most dynamic one compared to virtually all the others. Majorly, this arises from the fact the human resource deals with the most important part of an organization and that is the employees. Therefore, there is a need for constant evolution in this area to ensure that the organization stays at par with the changing requirements of the employee. Specifically, various issues are of utmost concern to each agency. For instance, compensation and benefits for the employees are one of the most important areas that the human capital department deserves to pay ...

Introduction

The USA is now witnessing one of the highest income disparities in its history. Rich people are getting richer while poor people are getting poorer. One of the main challenges for the government is to ensure more equitable wealth distribution among the population. One of the most discussed techniques in recent years is “minimum wage”. Minimum wage in the USA is currently $7.25 per hour and a multi-year long debate between the Republicans and Democrats is going on upon the issue of increasing the minimum wage to $10.10 (Peters). This has become a major issue of political tussle between ...

Abstract

Developed countries have long agreed that there is a necessity to assist developing countries if the world is to develop continuously without issues. These developing countries have the capacity to compete against developed countries if they are given enough support and education on how they can bolster their development. Today, two regions are currently succeeding in breaking the expectations of the international community and they are East Asia and Latin America. Since the end of the Second World War, countries for both regions launched extensive economic reforms that enabled prosperity to persist in the region. Considering this change within ...

Income Inequality

Abstract The purpose of this research paper is to establish income inequality as a serious socio-economic issue. The views of various social and economic writers have been explored to prove that the unfairly effects the low income class. A critical examination is made regarding inequality of opportunities available to low income class, as compared to the higher ones. Several studies conducted by prestigious institutions are cited to back the claim that income inequality hinders economic growth by increasing poverty and unemployment. Other aspects, such as the effects on the affordability of education and healthcare, are uncovered. An evaluation of ...

Abstract

The mainstream economic theory holds that globalization is beneficial for every country, both developing and developed. However, the mainstream view relies on the comparative advantage theory, which embraces many unrealistic assumptions such as free mobility of labor and sustainable trade. These assumptions lead to adverse effects to countries that adopt globalization without a strategic plan. Importantly the U.S. is experiencing loss of jobs, an imbalance in income distribution and unfair competition due to globalization. These impacts arise when companies shift their production process to cheap labor zones and due to increased demand for skilled labor. This paper has four ...

Introduction

The phrase “the rich get richer while the poor get poorer” has become a worldwide anthem at many political and economic forums. While these facts are actually true very few or practically no one goes forward to act in a manner seen to strike a balance if anything many individuals are individualistic and greedy. Elite economists from IMF recently released a study on the causes and consequences of rising income inequalities. It is believed as a result of income inequality there could arise a myriad of complex problems, most of which touch and greatly impact upon the economic growth ...

Re: Payroll tax policy and Income inequality

Current situation Recommendations The United States economy is the largest economy in the world, making the country powerful and respectable. In such an economy, there should be policies that promote income equality among the people to reduce the poverty levels. The tax system of the United States will require a proper revision to incorporate equality among the different wage group categories. The recommended reforms look at ways of reducing income inequality through adjustments on the payroll tax policy.

Cuts on payroll tax and increasing the scope of the tax to encourage savings

Adjusting the payroll tax on low income employees will encourage a saving habit to the people of the US. It will ...

In developed nations such as Canada, the more accurate measure of poverty is relative poverty. Relative poverty is the standard by which individuals are unable to maintain the average living conditions in the society by which he or she lives in. This school of thought is largely based on the standard prevailing in the country. It thus differs depending on the country. For poorer countries, the threshold is low. Meanwhile for richer countries, those whose earnings may be considered within range in another state may be classified as poor in terms of such count. Research has shown that poverty ...

In general, many indicators of well-being of Canada are very highly related to most other countries represented in the rating of the index of living quality. In Canada, poverty is generally defined on basis of the poverty line; people with income below the poverty line is considered poor. In Canada, the number of people living in poverty generally increases. The most complete information on poverty statistics gives Statistic Bureau of Canada. According to the latest published data, in 1997 in Canada 5.2 million people lived below the poverty line, representing 17.5% of the total population of Canada. This number ...

Article Critical Analysis

Article Critical Analysis

Article Title:

Nicole Fortin, David A. Green, Thomas Lemieux, Kevin Milligan and W. Craig Riddell

Article Citation:

Fortin, N., Green, D.A., Lemieux, T., Milligan, K., & Riddell, W.C. (2012, June). Canadian Inequality: Recent Developments and Policy Options. Canadian Public Policy / Analyse de Politiques, 38 (2), 121-145.

Abstract

The article which is the subject of this review seeks to examine the income inequality trends in Canada and the factors responsible for this development including what can be done about it. Its main finding is that there are still huge income disparities between the educated rich Canadians and those in the low income ...

Essay 3

Essay 3

Introduction

Equality is essential to the development of any nation. In fact, the implementation of laws that enhance fairness through equal distribution of resources and justice heightens the possibility of economic growth. With this in mind, it is essential to note that justice entails fair treatment of people through the abolition of discrimination and favoritism. Precisely, the globe should be free from racism, economic exploitation, sexism, brutality and government oppression for justice to be upheld. However, the need to acquire wealth and enhance economic development has led to the creation of a wide margin between the rich and ...

INEQUAILITY OF INCOME

The degree of inequality of income in an advanced economy can be measure by measuring the amount of income that is earned through different segments of the population. For example, “if we break down all workers into five different segments in regards to how much money they make: the top 20 percent, the second 20 percent, the third 20 percent, the fourth 20 percent, and the bottom 20 percent,” then an individual is able to create a chart that details how much income each segment of the population earns out of the total amount of income for that area ( ...

The progressive taxation means that the taxes are being collected in proportions in the ability to pay, which means the people who are earning more are taxed at a high rate while the people with less income pay a lower percentage of tax. The higher burden is put on the wealthiest citizens. The taxation is reducing the gap between the wealthy and the poor (Bergstrand, Cosimano, Houck, Sheehan, 2015). I believe the progressive taxation is good, but still many changes must be done for the United States since the country is based on the statistics on the first place ...

1. Perception. This involves how the buyer, after seeing the product or service being offered by the seller, he/she identifies and interprets it into a pictorial presentation that makes sense. The manner in which the buyer perceives the product will greatly determine whether the seller will sell it or not (Solomon, 2014). It is therefore, upon the seller to ensure that he/she presents the products in the best way that can attract buyers. Application: In the video, the actors and actresses are dressed in appealing clothes which are likely to attract the attention of the viewer. Viewers, upon watching ...

Delivery date

Policies are principles put in place by the government to help guide them in making decisions so as to achieve desired outcomes. The States employ many strategies to help them bring about economic growth and development, as well as, increase the productivity levels of the country. This paper will focus on strategies employed by the United States government to influence economic progress and productivity. It will also assess whether each of the policies has improved or weakened the people’s quality of life. Approvals that might advance these policies will also be made. The most pressing challenge currently in ...

A1: The three requirements of moral judgement are that it should be logical, should be sound and based on facts, the moral judgement which is weak on these three requirements are open to criticism, are being discussed below : - Should be logical: Several things are implied when it is said that judgement should be logical, that is the connection between (1) the standard (2) the conduct or policy, and (3) the moral judgment should be such that 1 and 2 logically entail 3. The aim is to be able to support our moral judgments with reasons and ...

Question1

Coontz and Folbre cite that 1996 welfare legislation aims to promote marriage and some cities provide bonuses to couples (Risman 18). Some legislators request congress to divert project fund to marriage programs to increase the rates of marriage. The current administration increases the spending of marriage to ensure those languishing in poverty get married. Policymakers voice that failure to marry results in child poverty (Risman 22).Coontz and Folbre give evidence that marriage has social and economic benefits. The married couples ensure children benefit from a higher standard of living (Risman 23). This plan to reform the marriage fails to ...

1. Describe the culture of Canada and compare it with India. What are some of the main similarities and differences? Where do you think people from India culture would have problems integrating into Canadian culture? (Use cultural dimensions discussed in class as the basis for your comparison) Canada is a relatively young country, having been discovered by Europeans in the 15th century but only becoming a confederate in 1914. Throughout its history, Canada has been invaded and populated by the French and the British, and has retained very liberal immigration policies, encouraging a mix of European (Dutch, Spanish, Polish, Ukrainian, Swedish, ...

Question 1

The recent income distribution in U.S. indicates that the top 20 percent of the population earn above fifty percent of the aggregate income whereas the bottom 20 percent get 3.4 percent of the aggregate income. The main benefit of this unequal income to the economy and society is that it fosters economic growth (Krueger 8). The top 20 percent who receive more than half of the total income play the vital role of creating more jobs in the economy in terms of doing mega investments. The majority bottom 20 percent receiving the meager income own the skills required in ...

South Africa

South Africa is one of the esteemed and has been projected for growth in the African continent. The Republic of South Africa is geographically located at the southern part of the vast Africa content neighbored by Swaziland and Mozambique to the east and Zimbabwe Namibia and Botswana to the north. Its coastline extends along the Indian oceans and the south Atlantic. On estimation, it measures approximately 2798 kilometers. The country measures an area of about 1,221,037 square kilometers (Feinstein, 2005). According to the national statistics, the country had a population of 52,981,991 citizens and ranked as ...

India Economic Analysis

India’s population estimate as in July 2014 was 1,236,344,631 as noted by the Central Intelligence Agency (2014). The figure can further be divided into about five groups of age structures. The 0-14 year age group makes 28.5%, 15-24 years constitute 18.1% while the 25-54 years make 40.6% of the total population. The group with 55-64 years forms 7% and those aged 65 years and above make 5.8% (Central Intelligence Agency, 2014). The pyramid clearly shows that the age group 25-54 years takes the largest percentage of the population and constitutes the working group in the ...

Question 1

Today, the market’s diversity provides numerous low calorie microwavable food options. In addition, increases in the income of individuals, people have the capacity to live easier lifestyles and this has led to increase in demand for certain products of preference.

The quantity demanded equation of the product is given by;

Qd = -5200 – 42P + 20Px + 5.2I + 0.2A + 2.5M

Therefore, the elasticity of P (partial differentiation)

δQdp = -42 Assuming all other independent variables are constant Hence elasticity of P = (δQdp). (δPQ ) = -42(P-5200-42P+5.2I+0.2A+2.5M) For the 3-pack unit = -42(5-5200-425+206+5.25500+0.210,000+2.5(5000)) Therefore = -42 (537810) = -212656 = -0.007906

Solving for Px

ΔQdp = 20(637810)=0.010579

Solving for I

QdI=5.2550037810=0.7564

Solving for A

QdI = 0.2(10,00037810) = 0.0528

Solving for M

...

Introduction

Trade unions are organizations that represent the working people. The membership of these organizations comprise of employees from different sectors of trade, professions and occupations. The union’s main objective is to represent its members in the working environment and in the general society. The working of the trade union is through collective bargaining as well as through a harmonized rule-making process. The South Africa trade union is the largest in Africa and plays a big role in the labor market and industrial relations in determining policies in the country. There are three prominent trade unions in South Africa whose connections ...

Improving Housing Quality in Canada to Improve Health

REF: IMPROVING HOUSING QUALITY IN CANADA TO IMPROVE HEALTH. The basic issues that determine the health of Canadians are not medical related or lifestyle choices but rather the conditions they experience in their living. These are primarily the determinants of social health. This is according to the research that has been done over the years in Canada. Most Canadians are not aware that their health is majorly shaped by how the income they earn is distributed. It is also shaped by education about health, race, disability, gender, aboriginal status, healthy services, and housing. One of the major ...

Question 1

The violence of white southerners towards African, Republicans and their sympathizers was extremely evident throughout the reconstruction. This can be explained by the fact that they felt threatened by legislation to offer rights for former slaves. There violence was motivated by the civil rights bill of 1987, which declared right to all slaves. The white southerners thought the bill would reduce them to social equality and started the violence against the Republicans and their sympathizers as the way of resting the move. This bill threatened the economy of the southerners because the African Americans were extremely useful in their ...

Interpreting Market Trends for BMW Dealership in Sydney, Australia

Specializing in the sale of automobiles in Sydney’s BMW dealer has been a top premium brand choice. However, with an ever-changing environment and new trend factors, the General Manager, Helga Schmit would seek to re-think the dealership’s marketing strategies in order to assist it produce batter sales results. Thus, there will be a need for collecting data on various market factors that are specific to the Sidney’s BMW market. In that view, the collection of data will be focused on the capital city of Sydney, Australia. The data factors are summarized as follows: - Disposable income: Employment ...

Components of GDP in the Expenditure Approach

The gross domestic profit can be defined as the value attached to all finished services and goods produced in the confines of a country within a specified time frame and in monetary terms. The GDP is oftentimes calculated annually. It is among the major indicators employed in the assessment of the strength of an economy in any given country (GDP and the Economy, 2014). There are several approaches of calculating the GDP of a country. These approaches include the income approach, the production approach and the expenditure approach. In the expenditure approach, the calculation of the country’s GDP is measured as a ...

In the article “Self-Enforcing Democracy” Adam Przeworski argues that a democracy can only survive if it is self-enforcing. He notes that for a democracy to have any good effects, it needs to enforce itself. For example, those people who are in control of the government must be willing to hold regular, competitive, free and fair elections and all parties must be willing to comply with the results. Przeworski states that all the political forces that may be responsible for the overthrow of a democracy must be maintained at equilibrium at all times. There are certain conditions that have to be met to ...

Income inequality and poverty

Abstract A number of international human rights watchdogs recently commented about the increasing gap between the rich and the poor. They argue that while middle classes tend to be gradually transformed into the rich, more and more people cross the line of absolute poverty. Many analysts advocate the idea that the cornerstone of the poverty is This paper seeks to establish the connections between the concepts of income inequality, operating the regression analysis method. It also discusses the differences between absolute and relative poverty in the context of global campaign for poverty reduction.

Introduction

The concepts of poverty ...

Income & Poverty

Introduction Economic consequences are extremely effective and essential for an economy; in fact the current world is like examining the effectiveness of the economies in terms of their economic power and effectiveness. Those economies that have a strong command over the economic consequences are more productive and effective as compared to those economies that have and strong command on the economic indicators (Basedow and Kono, p.34). Both Micro and Macroeconomics are essential for the sake of an economy, as both of them talks about the real growth of the economy and its economic consequences. Micro means the branch of economics ...

Interpreting Market Trends

Data on various market factors will need to be collected for identification of their effect on demand of vehicles in the Australian market. Those factors are summarized as follows

Disposable income is the level of income that households can spend for their consumer purposes. It is the income after taxation whose level determines the income that consumers have at their disposal. In that respect, it is determined by employment level within an economy.

Purchasing power: Price index/inflation:

Purchasing power refers to the ability that the income held has in buying goods and services. The change in purchasing power determines the quantity of goods ...

The Promotion of Mixed Income Neighborhoods in Hollywood, California

Chapter I: Introduction The facts are impossible to ignore: focusing on places, health and walkability requires increased public transit infrastructure, which creates new jobs, enlivens neighborhoods, creates local business opportunities and connects communities, both vulnerable and thriving, to vital amenities and resources. (Raphael &Espiau, 2010, par. 9) Transit-oriented development (TOD) is a neighborhood development plan focusing on easy access to major transit stops. The Federal Transit Administration (FTA) defined TOD during the 1990s when undertaking a project consisting of initiatives to promote livable communities: “Transit-oriented communities are characterized by design and development patterns that are conducive to the ...

‘Instructor’s Name’

‘Subject’ The Gini coefficient is a measure used to detect the degree of inequality that prevails in the income or wealth distribution of a country. The method was developed by Corrado Gini, an Italian statistician. He published a paper titled “Variability and Mutability", in the year 1912, in which he proposed this measure that calculates the inequality of income distribution through a scale between zero and one. If the Gini coefficient is zero, it implies that the citizens of the particular country/region have a similar level of income. On the other hand, if it is one that means that the country has an ...

Distribution theory as stated by Stuart Mill and Ricardo David is an economic concept that systematically attempts to account for the distribution and sharing of the national wealth among the owners of factors of production, as well as the citizens of a given nation. In essence, the key factors of production include; land, capital and labor. Economists Mill and Ricardo clearly described how the costs of the key factors of production and the magnitude of their returns such as wages, profits and rent which are fixed. The theory of distribution comprises three distinct sets of questions to ask (Norton, ...

For your assigned country collect the following Data/other information:

- Social Security Expenditures: A historical perspective and a graph for it. The first laws regarding social welfare in Poland were passed in the 18th century that gave each citizen the right to social security. In the late 1980s, the country spent almost 20% of its Gross Domestic Product (GDP) on welfare. After the fall of communism in 1990 and the transition of the People’s Republic of Poland to the current Third Polish Republic, the social security spending in Poland rose. This led to the growth of the welfare state because of large public expectations on social need. ...

Income Distribution and Poverty

The most important aim of modern economic efforts worldwide is the reduction of global poverty . Economic studies have shown that a combination of both economic growth and income distribution will help reduce poverty. However, scholars are still debating the real definition of the concept of development. The discourse has led to an examination of the philosophical implications of true development, and its overall effect on the living standard of the people involved. In all of these cases, the dimension of per capita income, income distribution and poverty remain the central dimension to gauging whether true economic development is achieved. It ...

IS THE GDP OVERRATED?

Introduction Gross Domestic Product (the GDP) is accepted as one of the main economic indicators. By definition, the GDP is the sum of the values of all the goods and services produced in specific time period in a country by using the current prices. We consider that high amount of production allows us to build a well-designed civilization. If a country can produce more than the needs of the citizens and export the excess production to the other countries, then this country can reach the desired goals. In another word, the GDP is generally accepted as an indicator of well-being. Most ...

Social Security and Social Insurance Research of Chile

This study is dedicated to overview of the social security and social insurance system of Chile. This country performed transition to personal accounts system and social security privatization over 30 years ago. Many researches consider this reform as a big success, because it made the country economy stronger, financial system healthier and provided more protection to the taxpayers. But there’re also some serious issues in the social security system. - Social Security Expenditures: A historical perspective and a graph for it. Chile was one of the pioneer countries in the Western hemisphere that introduced state social security coverage. ...

Kohl’s International Expansion

Before any company or organization proceed with plans to expand internationally, the management needs to assess the viability of doing so. Part of assessment is determining the advantages and potential contributions of international expansion to the organization (Hines & Bruce, 2007). The organization may also assess and plan expansion simultaneously. In this way, the management can determine where the organization will invest for foreign expansion and how the organization would do it. Practices in planning and assessment will be applied in this discussion in relation to Kohl’s. Kohl’s is a retail chain store based in the United States and ...

Chapter V

Discussion of Results and Conclusions This dissertation began with a quote from Raphael and Espiau (2010, par. 9) describing the positive outcomes that are the goals of TOD. Those goals include offering a high quality of life, healthy neighborhoods, and increased public transit infrastructure. The goals are expected to create equitable communities because jobs and equal access to facilities and services exist. Hollywood in Los Angeles County (LAC) has had especially challenging problems due to the sheer number of cars and people involved in the congestion of the highways. The LAC Metro has been a forerunner in the U.S. in organizing ...

Background of the Country

The republic of South Africa is a country in the continent of Africa located at the southern tip of the continent. It has a coastal strip that stretches along two world oceans, the Atlantic and the Indian Ocean. The coastal strip is 2, 798 miles long. The country has a long history and economic success ranking among the best performing countries in the African continent. South Africa has three capital cities ranked according to the arms of the government (Beck, 2000). Pretoria is the executive capital, Bloemfontein the judicial capital and Cape Town the legislative capital. However, Johannesburg is the country’s ...

the Promotion of Mixed Income Neighborhoods in Hollywood, California

Overview

In California, the Los Angeles Metro, government, public organization and communites have worked hard to develop TOD projects in several locations in California. Los Angeles County (LAC) in Southern California is bordered by the Pacific Ocean; and near enough to the southern border of the U.S. that many people have migrated north to LA. Hollywood acts like a magnet for people looking for work in the movie industry and for tourists. years. In fact, the congestion of people and their cars in LAC has made it one of the most crowded ...

Income inequality is a measure of how income is divided among the members of various economic classes, in the state of California; this has been on the sharp increase. This has been established through the analysis of general income distribution in the state among the rich and the poor. This, when compared with the national and regional income presents the clearest picture of glaring income inequalities between the rich and the poor in California. The income gap between the poor and the rich and among the whites and the blacks has been increasing in California for the last two ...

Great Divergence can be said to be the period of great income inequality or unequal wealth distribution which took place between periods in 170s up to 2007. Great divergence in the U.S. saw the high income earners continue getting more and more while the low earners continues to earn less and less. This increased the gap between the rich and the poor thus greater income distribution inequality. It was more pronounced in United States and lesser in other countries such as Canada and UK. According the research carried by CBO in 2011 on income distribution in the US for ...

About South Africa

South Africa is located in the southern part of continental Africa. It is the 25th largest country worldwide. It is surrounded by neighboring countries (e.g., Namibia, Botswana, Mozambique, Zimbabwe, Swaziland, and Lesotho). On its sides and southernmost tip are the Indian and Atlantic oceans. South Africa has three government capitals: Pretoria (executive); Cape Town (legislative); and, Bloemfontein (judicial). Its largest city is Johannesburg. It has nine (9) provinces, eight (8) metropolitans, and 44 district and 226 local municipalities. As of 2011, South Africa is home to more than 50 million natives and immigrants. It also has 11 officially ...

Abstract

This paper first examines the factors contributing to the widening of the income distribution in the United States. It then explores the theories and trends in income distribution based on the macroeconomic and other indicators that have affected the distribution of income in recent decades. We found that the impact of inequality of income distribution affects the economic growth. The widening of the income distribution has contributed to a critical assessment of government policies. The paper also cautions the trend in the distribution of household income in the period between 1976 and 2007 based on the Gini index. Similarly, education ...

Throughout the world, education is linked with income in the minds of many, particularly as they arm their children for the challenges of life. Getting a college degree is often equated with getting a better job and making more money; this is often the impetus behind pursing higher education for many people in industrialized countries throughout the world. However, is this true? Is there a correlation between the level of education one has and the amount of money they make? The following examines the literature available on the subject to gain an understanding of the pervading wisdom of academic professionals on the ...

Developing Countries Detrimental to Economic Growth?

Economics: Is a Policy of Poverty Reduction in Developing Countries Detrimental to Economic Growth? The prevalence of poverty has always been a persistent problem especially in developing countries; and the rising concern towards poverty reduction has been evident in the Millennium Development Goal (MDG). For pro-growth policy makers, the most effective tool to reduce poverty in the developing countries is economic growth. The Department for International Development recognizes the critical role of rapid and sustained growth in fostering faster progress in the attainment of the MDG. Growth can generate virtuous circle of prosperity and opportunity. Strong growth and employment ...