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Factors Leading To The Increase In The Gap Between Rich And Poor Nations Due To Globalization

FACTORS LEADING TO THE INCREASE IN THE GAP BETWEEN RICH AND POOR NATIONS DUE TO GLOBALIZATION

INTERNATIONAL INEQUALITY

Inequality must be defined and be able to be measured so that comparisons can be made between rich and poor countries. Once the causes are determined, the effects of globalization can be evaluated and be measured. The World Bank defines inequality as the disparity of income and standard of living among nations and their citizens (Birdsall, 2002)
The income gap that exists between the rich and poor countries has become substantial. In 2003, the richest fifth of the world’s population received 85% of the total world income, while poorest fifth received just 1.4% of the global income (infoplease, 2005).When the GDP is compared between the richest and the poorest nations over the past century, a wider income gap can be seen growing and this therefore means that income inequality has increased and continued widening.

Globalization has become painful, rather......


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Approximate Word Count: 2400
Approximate Pages: 10 (250 words per double-spaced page)

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