This website uses cookies to ensure you have the best experience. Learn more

Redistributing The Global Economy Essay

1082 words - 5 pages

In life, you have individuals who where giving the grace of being born with better economical opportunities, and you also have those who unfortunately where born in the other side of the economical spectrum. Some individuals have managed a way to overcome those economical obstacles and have succeeded in the market, abandoning their old life standards and moving into a higher step in the economical ladder. As well as humans, nations suffer a similar economical situation. Some nations have acquired more wealth than others through out time, and the disparity of wealth between some nations is somewhat shocking. To show this broad disproportion, scientists have divided the world in two parts, the North and the South. “The North- South Divide is the socio-economic division between the wealthy developed countries, known collectively as “the North,” and the poorer developing countries as “the South.”… The North is home to four out of five permanent members of the United Nations Security Council and all members of the G8.”(1) As nations become economically developed, they may become part of the “North,” regardless of geographical location, while any other nations, which does not qualify as a developed nation, it is considered to be part of the “South”. The day when the economical situation in the South slightly compares to the wealth of the North is the day when most of our current international conflicts will disappear.
The Global South is where most people live. States in this region are mostly considered as developing countries. About a billion of people in the South live without access to basic nutrition, health care, lacking water, shelter, and basic necessities that they just can’t afford. According to international studies, every five seconds, somewhere in the world, a child dies of malnutrition. The world produces enough food and has sufficient income to feed this people, but the families and countries where these people live lack income, ultimately having their own civilians die from poverty.
The North consists of the United States, Japan, Europe, Canada, and South East Asia. These nations have performed at an efficient level on past years, but throughout history, these nations have had to overcome many obstacles including genocides, world wars, and economical depressions. The Northern nations were able to overcome the obstacles presented in their way and moved on, focusing on the well being of their people and of their nation, subsequently improving their infrastructures, increasing their standards of living, promoting health care and great education to their citizens, and offered higher paying jobs to their people. Now the North nations enjoy a much higher standard of living than the South.
After briefly looking at the disparities between the Global South and the Global North, it is simple to understand why there is so much migration from the south to the north. Most of this people move to the North in search of better economic...

Find Another Essay On Redistributing the Global Economy

Brazil and the Global Economy Essay

1804 words - 7 pages priorities of expanding Brazil's economy and taking a prominent role in the global economy as a major exporter of goods the Brazilian government must also look towards eliminating poverty and protecting its natural environment, which is a critical component in both local and international ecosystems.Historically Many political takeovers and coups have hindered Brazil's economic growth. During the mid to late twentieth century successive governments

Elements of The Global Economy Essay

1962 words - 8 pages potential to become the dominant economy in forty years. China is the biggest, and the fastest growing emerging market. China has changed its political system to contain global capitalism, and therefore has a high chance of becoming the dominant global supplier of manufactured goods and services. In order to enter the world economy, China has initiated economic and political reform. To be able to compete, China has emphasized education

The Growth of the Global Economy

2584 words - 11 pages West London International Business School Master of Business Administration Global Business Practice Assignment One: Critically assess the changing relationships between TNC’s and nation states, comparing their respective roles, objectives, flexibility and power. Acknowledgement Table of Contents Acknowledgment Table of Contents Introduction 1 The Growth of the Global Economy 1.1 Globalization 1.2 The role of

Solution to the Current Global Economy

1288 words - 6 pages In the essay “Judaism and Economic Reform”, Norman Solomon, a Jewish-American journalist, presents a compelling argument on the basis of the need for economic reform while providing simple religious base solutions. While discussing two major economic problems that plague the world’s current economy, Solomon introduces the Jewish view of the global economy and their general view on economics as a whole. With this introduction to the Jewish

"The Global Economy" by Jeff Kemmerling

701 words - 3 pages Global economy is defined as the interconnection of the economies of politically independent countries in trade, transfers of capitol, labor, production, and distribution. The global economy has emerged, for the most part, in the last fifty years since World War II. Undoubtedly, the global economy is here to stay; several factors have contributed to this. Less than fifteen years ago, no one had heard of www.whatever.net. Most people now know

Globalization: Disjuncture in the Global Cultural Economy

1359 words - 5 pages who work for a wage exist. Throughout a development of cooperative resist on the part of groups of people with similar economic situations, they argue that capitalism brings optimistic and pessimistic impacts into our modern society. Correspondingly, in the article “Disjuncture and Difference in the Global Cultural Economy,” Arjun Appadurai agrees with Marx and Engels’ argument on the cause of globalization, yet somewhat disagrees on a process

Raising capital in the global economy

1672 words - 7 pages simultaneously that the competitive forces unleashed by globalisation induce higher productivity growth and greater wage flexibility explicitly, but, implicitly, that the increase in global competition does not prevent the increase in monopoly power that is necessary to preserve the current high ROE.Next, if we turn to the empirical evidence, we are, first, much impressed by the evidence reported in Siegel, which suggests that, for the US over

Textile Industry Trends in the Global Economy

3136 words - 13 pages Textile Industry Trends in the Global Economy I. Executive Summary The objective of this paper is to examine how the development of a textile industry contributes to economic growth in the global economy. Because textile manufacturing is a labor-intensive industry, developing countries are able to utilize their labor surplus to enter the market and begin the process of building an industrial economy. Emerging economies then look

Escalating Oil Prices and the Global Economy

2285 words - 9 pages With the current rise in oil prices, many people are asking themselves, "What is going on?" Oil prices are of major interest to everyone not only in this country but everywhere. It seems that everyday gas prices are spiking and haven't been stable for a long time. In order to fully understand this problem and how it is affecting the global economy we need to look at the variety of factors that are involved. These factors include but are not

Discuss the effects of protectionist policies on the global economy

1233 words - 5 pages been used by governments to increase the price of imports to allow domestic producers to be able to produce goods and sell it without such high competition. They can increase their supply of goods in the market and also charge a higher price. There is one main effect from this protectionist policy in the global economy and numerous effects on the domestic economy. Since the price of the imported good is higher within the domestic economy

The impact of the global financial crisis on Chinese economy

3304 words - 14 pages The impact of the global financial crisis on Chinese economy In the past two decades, China has enjoyed the one of the world’s fastest growing speeds. And for right now, China has been the most major contributor to the world economic growth. But in the recent years, the global financial crisis already did a huge damage to the Chinese growing economy. Especially in the aspect of exporting sector, China has been hit hardly by this crisis. The

Similar Essays

Globalisation & The Global Economy Essay

1176 words - 5 pages •Globalisation the process of increased integration between different economies and the increased impact of intnl influences on economic activity and all areas of life•Global economy the situation where the economies of the world are increasing linked to each other, and changes in one economy have ripple effects on other economiesI) INDICATORS OF GLOBALISATION•Economic integration can be seen inoIntnl trade flows- growing at 2

The Global Economy Essay

1728 words - 7 pages 13 pages, complete w/footnotes and bibliography -Advanced Composition Term Paper:Will the Global Economy help or hurtthe next generation of Americans?Will the global economy help or hurt the next generation of Americans? This is thequestion I am going to investigate in this paper. The global economy is the systempertaining to the production, distribution and consumption of goods and services aroundthe globe. It is important that we understand

The Global Economy Essay

2063 words - 8 pages The global economy is a complex and multi-faceted system. When one variable changes, such as a dramatic increase in the New Zealand dollar; the spin-off effects can be detrimental to some while increasing the wealth and living-standard of others. This essay will discuss the global economic system we have in place today, and the consequential distributive injustices as a result of this structure. The start of the capitalist economy we have today

Redefining The Global Economy Essay

1774 words - 7 pages Redefining the Global Economy 1914 marked a critical turning point in global affairs and the economy, as the Great War caused physical destruction in Europe, and destroyed the system of global capitalism of the Golden Age. During the interwar period, American isolationism from international trade and affairs left the major powers without the infrastructure or leadership to continue the international trade, investment, and currency stabilization