Global Economic Equity Essay

766 words - 4 pages

Equity is a universal concern. However, this is not always the case. The concept of fairness in economics states that regardless of status and identity, citizens should be provided with equal minimum of income, goods and services or to increase funds and commitment for redistribution. Inequities in the global economy have significantly increased in recent decades. This can be explained through three major concerns: one sided international trading, command economy and conflicts on the market.

Fair trade is an organized social movement that promotes sustainability and better trading conditions. This has clearly sustained some equality in the global economy but even so, not everything applies to fair trade. In African countries, exports such as tea, cocoa, flowers and wine are valued at $24 million USD. Considering the high amount of exports they produce, their gross domestic product is expected to be high. But the highest GDP recorded is of South Africa, which is 384.3 billion dollars. So why do most African countries still live in poverty? It is because the resources and labour Africa provides are being used to profit companies from other countries. Exporters add tariffs on goods from overseas and sell them at a higher price. This means that producers from third world countries gain less revenue considering all the labour they do to produce goods. Major US companies like Walmart and Target rely on exports from third world countries for the products they sell. Many people shop from these stores, inside or outside America. There are over eight thousand Walmart branches in twenty six countries, including Canada, but America gets the most financial gain. Why? The money people spend on stores like Walmart increases America’s GNP and not ours because these companies belong to them. This occurrence demonstrates an unjust situation regarding the equity in economics around the world. However, this isn’t the only factor that contributes to an unfair economy.

In a command economy, the government makes the economic decisions and takes control of the production and distribution of goods and services. Some command economies are also military dictatorships, this means that the armed forces take control. Countries in Africa and Asia have this type of government today. Although there are some exceptions, in many of these countries,...

Find Another Essay On Global Economic Equity


1096 words - 5 pages The role of investment is important for countries to support economic growth, especially in infrastructure and small and medium enterprises. Most governments, including Indonesian, cannot finance large infrastructure needs on their own. Whereas, there is no deficiency of global funds available for it. This is where the private sector, in the form of private equity firm, can step in responding to growing market demand and ensuring equity in the

Globalization Benefits Rich Nations More Then Poor Nations

1319 words - 5 pages international business cycle and also both positive and negative effects on the standards of living or quality of life with in a nation. It is often difficult to categories an economy as being globalized, yet there are several key indicator that suggest economic management decisions undertaken by the govt have come as a result of globalization. The main evidence to suggest the globalization of nations has been the growth in global markets, changes

The Cost of Equity Capital and the Capital Asset Pricing Model

1785 words - 7 pages Beta values as factors. Two critical choices for the company include crop yields’ effect on raw material, as well as the global demand for staple food products. Although APT might closely model the market and the risk factors affecting General Mills price of equity, the reasoning behind the model remains essentially the same: Beta. Therefore, although APT is more precise than the CAPM, the various combinations of Beta and the forecast of

Venture Capitalism in Eastern Europe

2334 words - 9 pages ability to be diffused. Despite the positive incidence in the economy, the size of private equity market, including venture capital, varies considerably over time in the European space. Over the past decade, the total funds raised (private equity) recorded a cyclic evolution, ranging from a maximum of EUR 112.3 billion raised in 2006 to a minimum of 16 bn. raised in 2009 as a result of the severe economic crisis in 2009, with an upward trend in

Sustainable Development

876 words - 4 pages result was the creation of the World Commission on Environment and Development 1987, which provided a framework for sustainable development. In the following years, two global environmental summits have taken place in an effort to intertwine the three pillars of the sustainable development: economic prosperity, environmental protection, and social equity. These two summits included the Rio Summit in 1992 and the Johannesburg Summit in 2002. Through

Achieving the Right to Health with 'The Global Fund for Health'

973 words - 4 pages significant dimensions in fulfilling these rights (UN Committee on Economic, 2000). With this human right approach, the mutual accountability on national and global partnership gain interest to address current global health inequities. Health is no longer regarded as a concern limited by national borders, since the world faced the evident impact of HIV/AIDS. It drew attention of massive global response and, as a result, the Global Fund to Fight AIDS

ratio analysis of financial statements - UCL/finance - research paper

1157 words - 5 pages analysis. These are ratios that evaluate the economic status of publicly traded companies to determine whether the company’s stock is overvalued, undervalued or priced fairly. Earnings per share measure a company’s net income per share of stock to indicate a company’s profitability to investors. Price to equity ratio is the ratio of the market price of a company’s stock to its earnings per share (Heizer & Render, 2014). A high price to equity ratio

larson Inc. Scenario Objectives

1133 words - 5 pages increase the revenues and profits of Larsen.7. Explain how the organization is affected by global economic conditions and how business decisions related to trade and specialization are affected by global economic conditions.Larsen is affected by global economic conditions because then there is recession, the aggregate demand decreases and so does the demand for products that use Larsen batteries. When the demand for batteries decreases, Larsen

Basic Conditions of the Employment Act in South Africa

986 words - 4 pages to 4 months paid maternity leave •  EMPLOYMENT EQUITY ACT • The employment equity act was drafted for the purpose of achieving equity in the workplace by providing fair and equal treatment by getting rid of unfair discrimination and by implementing affirmative action to help correct past inequalities due to the apartheid regime. • The acts and policies that were changed and amended in the world of work specifically to strike a balance between

Gap Analysis: Global Communications

2305 words - 9 pages Gap Analysis: Global Communications Global Communications is under tremendous economic pressure along with other telecommunications companies in an industry struggling to compete with the increasing global market. Global Communications is facing numerous issues and has many opportunities as they implement

Australia and China

1519 words - 6 pages be around 9.8%. For the first time since 2001 Australia has experienced a negative quarter of economic Growth in December 2008. This is an indication that the recent Global economic crisis is starting to impact Australia.Australia’s economic system uses its labour and entrepreneurial resources more efficiently than China. The effectiveness of these resources can be measured by unemployment and the level of allowance of privately owned

Similar Essays

Financial Markets Ib Overview Training College Of William & Mary Financial Management

2540 words - 11 pages ) – involved in Primary Market transactions; originate a new security for the first time (equity or debt) i.e. IPO; originate these securities that we did not have before; once securities have been placed, subsequent traders occur in Secondary Market If we misprice, we have to buy all securities Secondary Market – global markets Traders to provide liquidity Earning trading income i.e. Product Control validates trading compensation Cash Market

Equity In Human Resource Management Essay

2499 words - 10 pages Equity in Human Resource Management Introduction The effective Human Resource Management in an organization requires an exceptional standard set for motivation, job design, reward system and equity. Nowadays, people are more willing to avoid unfair treatment in the workplace than any other aspect. The fundamental concept behind Equity is an attempt to balance what has been put in and taken out at the workplace with a feeling of justice being

The Division Between The Global North And Global South

2521 words - 10 pages can solve these issues by promoting global equity. In order for global governance to achieve its fullest potential, the world must first address the inequality of states. The North-South divide is a social, economic, and political separation between the highly developed nations and the rest of the world. The global North encompasses the world's richest countries, including Canada, the United States, western and central European Union members

Economics Essay

986 words - 4 pages people is economic equity; people greatly value equality. Treating people fairly without discriminating between them is an important rule. Thus, discriminating on the basis of age, sex, race, religion, or disability is illegal. An example for economic equity would be minimal wage; the lowest legal wage that can be paid to a worker. Inflation affects people who are not very rich dramatically; therefore, people prefer to have price