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

Essay specific features

 

Issue:

Business

 

Written by:

Darin D

 

Date added:

October 6, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2391

 

Was viewed:

10260 times

 

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Essay content:

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...
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It has produced increasing global economic interdependence through the growing volume and variety of cross-border flows of finance, investment, goods, and services, and the rapid and widespread diffusion of technology which has led to widening in the gap between the rich and the poor nations. Some of the factors that support this assertion include; The growing economic interdependence is highly asymmetrical...
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General issues of this essay:
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