Assignment on International Policy (pdf)
Added on 2021-06-17
6 Pages1715 Words24 Views
Running Head: International PolicyInternational Policy
International Policy 1Extreme poverty and global inequalityThe purpose of this essay is to provide a brief description about the relationship between povertyand global inequality. It also underlines the main point that whether the elimination of one factorfrom the society should be prioritized or not. Poverty refers to the deprivation of well-being ofperson. It refers to the state under which a person is unable to attain a sustainable living in theenvironment. Every country forms their laws related to poverty, in a country where income ofpeople is below basic poverty line then they are called poor in the country. Whereas, globalinequality focuses on the aspect of income inequality across different parts of the world. Theaspect on income inequality in a country increases the level of poverty as if people in the societywill not receive minimum wages to earn basic necessities of life then they will be regarded aspoor. Income or consumption poverty refers to the lack of monetary resources with people tomeet the basic needs as well (The World Bank 2018). Further, it should be noted that income inequality is one of the biggest reason due to which thepoor people faces poverty in the environment. Inequality has become a vicious circle in thecurrent as the poor is getting poorer and the rich person is becoming richer day by day. This isdue to the aspect of inequality as there is inequality distribution of income in the environmentdue to which people do not gain the chances to earn money and live wisely. Both the aspects areinterrelated as poverty is strongly dependent on income inequality and income inequality is alsodependent upon poverty (Lakner, and Milanovic 2016). The poor people in the society are deprived of earning a sustainable living not because they havelack of money but there are various sources present in the environment that are health, social andpolitical life, education, low self-worth etc. At the same time, it is convenient for people tocompare poverty in terms of income, mainly at higher levels of aggregation across differentcountries and nations. Further, talking about the relationship of both the aspects it should benoted that there are three forms of inequalities present in the environment that creates or increasethe level of poverty in society, these three factors are cultural, social and economic factors. Thecultural factors talks about the differentiation between the cultures of people that gives a reasonto dominate poor people in the society (Kiggundu 2012).
International Policy 2There are two types of classes present in the society that upper class and lower class. The upperclass people have rich treated and are being treated properly in the society where as lower classpeople are barred from attain basic amenities in life. This is one of the reasons that initiatepoverty in society. Further, another aspect is the social factor that initiates inequality in thesociety that ultimately leads to poverty as well (Woodward 2015). Under the process of socialinequality the people do not receive equal distribution to resources in the society. Like, taking anexample of the country UAE and India, UAE is more prosperous country as it has petroleumreserves with them that they export worldwide. Exporting of petroleum and earning withincreases the GDP of people that ultimately increase their per capita income as well (Ortiz, andCummins 2011). Whereas, on the other hand the country India does not have adequatelyresources due to which they import it from UAE. This results in decrease in competence of thecompany worldwide. Thus, in this way social inequality affects the poverty rate of the countryworldwide. Lastly, economic inequality talks about the unequal distribution of wealth andhealthcare facilities among people. This is one of the major reason that affect poverty worldwide.As there is unequal distribution of wealth in different parts of world that makes it difficult forpeople to earn basic human needs of life. This results in increase in the level of poverty in theenvironment. Thus, it should be noted that both the aspects are linked to each other, as the factorsof poverty rely on inequality and inequality increases due to extreme poverty (Kaplinsky 2013). The above mentioned stanza talks about the relationship between extreme poverty and globalinequality, thus it should be noted that poverty deeply affect the activities of nations worldwide.According to the report given by World Bank, nearly half, more than 3 billion of people areliving with less than $2.50 per day. More than 1.3 billion children are facing extreme povertyworldwide. According to the most recent estimate around 10.7 percent of world’s populationused to live with less than US$1.90 per day as compared to 12.4 percent in 2012. Further, half ofextreme poor people live in Sub-Saharan Africa. The data of poor in this area fell by very lessamount that is 4 million with 389 million people living on less than US$ 1.90 in 2013 (TheWorld Bank 2018).Further, talking about the importance of one aspect over other, it should be noted that asdiscussed above both the aspects rely on each other. As if poverty is caused due to presence ofinequality in the different aspects and inequality is caused to presence of poverty in the world.
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