The Income Gap

Topics: Poverty, World Bank, Wealth Pages: 4 (1338 words) Published: December 4, 2012
Bradly 1 Thomas Bradly Prof. Thomas English 1 3 December 2012 Why is Everyone Not Treated Equally?

In today’s world, the number of people grows exponentially. Some are brought up from a wealthy background while others are less fortunate to grow up in poverty. Why is it that the rich are getting richer and the poor poorer? It is not the fault of the poor people that makes them poor. It is the actions the American government takes that allow for economic growth, but sadly do not aid every person suffering from poverty. In “Globalisation” by Oxfam, the authors describe how the globalisation movement can affect social class groups negatively. While in “Why the Rich Are Getting Richer and the Poor, Poorer” by Robert Reich, the authors explain how people lose their jobs because labor in other countries is cheaper and companies will want to make the most profit at the lowest cost. Some key forces behind the gap between the rich and poor are the practice of globalisation, the growing problem of inequality, and the need for an education. Globalisation is a process of rapid economic integration driven by the liberalization of trade, investment and capital flows, as well as by rapid technological change and the “Information Revolution.” According to Oxfam, “global integration is proceeding at breakneck speed as barriers to trade and capital come down and new technologies come on stream” (110). This implies that there are fewer trade barriers that allow for people to enter the market with less difficulty. Costs are reduced between the consumers and producers, which allow for increased trade and a greater cash flow between countries. However, these policies only benefit those with

Bradly 2 money, leaving people who are unable to enter the market stagnant which increases the gap between the rich and the poor. Oxfam states, “a theme on Globalisation was presented on the White Paper where it was more important to increase complex and integrated international economy,...
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