Position papers on 'Poverty and Inequality'

running head: Global Issues
Position papers

Global Issues 1
Contents
Component 1: Position paper on ‘Poverty and Inequality’................................................2
Component 2: Position paper on ‘Youth unemployment and economic growth’...................3
Component 3: Position paper on ‘FDI and country attractiveness’....................................5
Component 4 Reflective Learning Journal and Logbook.................................................7
References.............................................................................................................. 8

Global Issues 2
Component 1: Position paper on ‘Poverty and Inequality’
Poverty and equality are treated as a peoples’ incapacity to meet the basic necessity in the
standards of life. Evidence of poverty and inequality exist in both developed and developing
nations of the world. It is a basic life fight to cope up with a severity in the scale of scarcity in
present time. The poverty in the UK exists in a form of “absolute poverty” where basic
framework of living standards determines the poverty unit. Another one inequality
determines on the basis of “fiscal report” made every year. On an average one in four
families survives without proper resources provided by government.
The term “Poverty and Inequality” are the two most controversial issues exist in the nation
like United Kingdom. It has a seventh position in the inequality and poverty as paralleled to
other settled nations. Though the nation is categorised under developed, still the disparity in
the income inequality and poverty exist (Belfield, Hood and Joyce, 2016).
The constant high level of poverty and inequality in the United Kingdom states the general
consequences of poverty and inequality. Both the terms are interconnected with a lack in
societal resources. It completely depends on the governmental actions in favour of disabled
or weaker segment of the society. Unemployment, weak education system and unavailability
of good opportunities in providing quality lives are current challenges in front of government
in which responsible authorities are escaping. There is an urgent need to put best endeavour
to curb these challenges by the government.
The causes of the poverty entirely depend on the inequality because poverty does not mean
only with a situation that person having no money. It is beyond the problem of money. It
mainly deals with such drastic circumstance in which poor person finds no resources to
survive even a day that is scarcity in food, cloth and shelter. The United Kingdom is
experiencing such issue on poverty and inequality from last many decades and still
struggling with it (Beteille, 2007).
The present statistics of UK shows the negative vision of “poverty and inequality”. The
poverty line is declining by the major growth in nations’ revenues and values of basic
commodities. In order to eliminate the highest level in poverty and inequality, the proper
generation and distribution of income must take place. Several economists argue that the
status of poor is affected mainly by the increase of price in the agricultural sector. The
agricultural sector mainly affected by the least liberal schemes and policies in it. Small sector
or households is also facing the same issues in respect of unequal level in price system
(Brewer, Muriel & Sibieta, 2017).

Global Issues 3
The record of 2012 till present year of National Statistics, UK represent that the UK is
holding a fifth ranking in the persistent decrease in poverty and nearly 16.7 is context of
inequality. The rough draft states that almost 30.2 per cent of population is in risk of poverty
and inequality. It is also reported that the gap between male and female is approximately
1.9 per cent. The neighbouring countries of UK are not experiencing such a downfall in the
context of poverty and inequality. For instance-the southern and eastern Europe has a slight
rate in poverty and inequality (Davidson & Duclos, 2016).
The reformative policies on poverty and inequality must include the agricultural development,
rapid capital accumulation and proper implementation of the technology advancement and
growth. The introduction of “sustainable economy” must take place in order to curb the basic
disparity of the income system. Policies must ensure an individual’s standard of living where
every basic commodity is affordable to consumption. No one should be deprived by any
basic material resources due to threatening cause of poverty and inequality.
The facts and figures on the Inequality and poverty conclude that the lack of monetary
flexibility and economic opportunities is one of the major causes in the United Kingdom.
Broadening of poverty and inequality contributes vital ideas in modification of economic
policies. The economic policies of UK must aim to focus on stability of the terms of monetary
scale. It must also stress to reduction of unequal investment of the government. Thus in
spite handling the issues of poverty and inequality, the reformative or social legislation must
be created for benefits of the economically disabled or disadvantageous section of the
society.
Component 2: Position paper on ‘Youth unemployment and economic
growth’
Youth employment is another serious impact exists in the development of any nation. The
economic literature of United Kingdom states the explanation of term “youth” as a teen or
young citizen between the ages of 18 to 25. The present statistics of the UK evaluates the
unemployment rate of 18.6 per cent and it is one of the highest ranges of unemployment
rate in past twenty years. Such high unemployment rate in the developed country like United
Kingdom requires a deep concern for future interest of youth. The economic growth and
development is adversely affecting by the problem of “youth unemployment”. Thus, the direct
relationship creates between youth unemployment and economic growth (Elias, 2014).
The decreasing rate in “youth unemployment” can be possible if the youngsters are provided
with numerous employment opportunities by the every public and private unit of the nation. It