The Global Inequality and the Political Economy Name of the Student Name

Running head: POLITICAL ECONOMY
Political Economy
Name of the Student
Name of the University
Author Note

1POLITICAL ECONOMY
Table of Contents
Question 1........................................................................................................................................2
Global inequality since 1500.......................................................................................................2
Question 2........................................................................................................................................3
The Global Financial Crisis.........................................................................................................3
Reference.........................................................................................................................................6

2POLITICAL ECONOMY
Question 1
Global inequality since 1500
The Global Inequality is a term, which defines the economic differences between various
countries where the gross domestic per capita provides the development through the high,
medium and low human quantity. For keeping the record of the inequality in the country, it is
necessary to look for a wide range of the economy value along with the challenges. It is one of
the important issues in recent days. In Australia, the income inequality has dropped recently by
20% where the counties are rich in populations. The Australian Bureau of Statistics (ABS)
Survey of Household Income and Wealth has published a report where the economical inequality
has described the increase of incomes and the affects in internationally (Coatsworth et al. 2015).
It was started since two decade ago when it became one of the sudden increase on the
exchange of the knowledge, trade and capital in internationally through the technical innovations
like internet to shipping containers and onwards. The Global Inequality helped in flourishing the
economical growth through the application of scientifically and culturally. The economical
evolution has found with a great benefited for the citizens as well. The increase of the global
economy also helps in the power to eradicate poverty for the country (Zanden et al. 2014).
In the early economic situation, the basic concept of the Global Inequality has helps in
the general concept in the whole world in the marketing area where the integrated become
familiar in this issues. According to the Wealth of Nations the economic, globalization has
criticized by free market economy where at some point it may not able to keep in equity. In the
world rather than reducing net inequality, levels can increase by using the introduction of new
technology and the foreign capital. In developing countries most of the developed Nations