Table of Contents INTRODUCTION...........................................................................................................................1 MAN BODY....................................................................................................................................1 Global inequality....................................................................................................................1 Why the issue affected............................................................................................................1 Ways to address the issue through World Trade Organization..............................................2 CONCLUSION................................................................................................................................3 References........................................................................................................................................4
INTRODUCTION In this global world, there are most of the issues which are faces by the firm as well as people some of them are poverty, inequality and unemployment. In the same way, present report is based upon the global issue i.e. Global inequality and the chosen firm for this report is World Health organization, which is an agency that is mainly concern with public health. The quoted firm is also operated at different countries and it is mainly responsible for the World Health Report and then take necessary action for removing the problem as well. MAN BODY Global inequality Global inequality Is mainly focus on the income inequality at world or state level while common good refers to shared or beneficial for almost all the members of a community. Inequality has been rise from several decades and though many of the country are also try to reduce the number of people who are living in extreme poverty but it has been analysed that through economic gap that the richest level of wealth is the grow and this leads to global inequalitySumner, (2019). On the other side, it has been analysed that as globalization and the world economy is continue to become more global and in the same way, global inequality is world's economy rivals that creates a gap between the rich and poor and as a result, poorer become more poorer and rich become more richer. Overall this affect the economy of the world and also raises the conflicts as well. Therefore, in Australia, inequality is increases and it is a deficient measure of an inequality, it is so because of pre-tax measure of income. As per KPMG, 60% of the Australian households pay no net income tax. Why the issue affected As inequality is consider one of the major issue at global level and it is also affected through variety of issues such as: Geography:It is one of the most affecting factor of global inequality such as the country who is poor, then they have certain geographic characteristics which also contribute to the economicproblemRavallion,(2019).Forinstance,atgloballevelsometimesitfaces transportation cost in accessing the global market due to its location. 1
Growth in technology that widens the income gaps:Many authors argued that global inequality is also affected by growth in advance technology such that for unskilled workers there are lot of workers which did not know how to operate the system and the rapid development of artificial intelligence, the skilled workers are replaced by robots and computer. This it leads to increase the global inequality at global levelZucman, (2019). Government policies:It also increases the issue of global inequality such that corruption in government. It has been further analysed that government policy may focus little on citizen concern with inequality and their main focus in on politics and leaders action. Thus, it also raise the level of global inequalityKanbur, (2019). Thus, it has been analysed that at global level, the inequality is become a major issue and excessive inequality is also harmful in a society. Such that when people with low income and wealth are left behind, such that they struggle to reach a socially acceptable living standards and this leads to creates a divisions in a society. Overall, too much inequality is also bad for the economy and the government of Australia is also put their own efforts in order to overcome the issue and decreases the percentage of global inequality in world.At global level, the inequality is decreases because of strong economic growth in developing countries. Such that as per the report, it has been analysed that the wealthiest 10% of Australian with an average per capita wealth is around $2 million and also hold around 48% of the net wealth compared to past years. But on the other side, it has been analysed that the poor 50% of Australian has also share the net wealth fall from 3.9% to 3.7% (Wealth inequality in Australia, 2018). Thus, it shows that the wealth inequality in Australia is getting worse from last many years. The inequality is not only done by wealth and income but it is also describe in the form of Gender Inequality in which different company pay different wages to their employees by discriminating on the basis of gender. Even records also shows that in Australia, men, women, transgender are experience aspects of gender inequality. Ways to address the issue through World Trade Organization Community Engagement:on the other side, World Health Organization start making their efforts in order to reduce the level of global inequality such that, the Close the Gap campaign is introduce in which WHO also help to launch and also produce the range of 2
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recommendations for a government in order to close the Indigenous Health gap(Ways to overcome Inequality in Australia,2018). Further, it also prescribe the minimum waged that should be pay to the employees and this will help to reduce the level of income inequality. Even thequotedfirmalsointroducedifferentcampaignthatshowsoralsoensurethenon- discrimination in the workplace and also recommended different ways that help a business which might be contributing to inequality and think broadly, so that it creates positive impact upon the people and helps to raise the economy of the country as well. Advocacy to Promote Common Good:Apart from this, it has been also analysed that WHO also takes action on the business supply chain that protect the human right and it also includes paying poverty wages to women as well. WHO also makes sure that the tax affairs of large business are public right across the globe and also helps to stop money from being hidden in tax shelter so that the revenue of the Australia is increases and provides better support to the country's economy as wellPieterse, (2019). CONCLUSION By summing up above report it has been concluded that in Australia, inequality is increases from many years and even at global level, the inequality is raises in many forms such as gender, income or wealth level, education etc. The report also concluded different factors that also affect and increases the level of global inequality. Further, WHO also start initiating some steps that helps to reduce the level of Inequality in Australia, such that it launch some campaign that provides the idea and also make people and organization aware about the inequality so that the level of inequality id reduces at global level. 3