economic gap within a country’s wealthiest and poorest citizens. Over the last ten years‚ economic inequality has been growing‚ particularly in developed countries where‚ historically‚ it had been more contained According to the World Bank‚ the GINI coefficient "measures the extent to which the distribution of income or consumption expenditure among individuals households within an economy deviates from a perfectly equal distribution." Therefore it is used as an indication of income inequality within
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poverty in contemporary South Africa.” South Africa is one of the most unequal countries in the world‚ but not the poorest (with reference to income). We can see that the inequality in South Africa has worsened over time by looking at the country’s Gini Index score. In 1996 the score was 0.66 and in 2008‚ 0.70. The score has also deteriorated in terms of population groups: the score went from 0.54 to 0.62 between Blacks and from 0.43 to 0.50 between Whites (The World Bank‚ 2012). Countries such as
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Development Economics: 01:220:339:01 ¤ Rutgers University ¤ Professor Ira Gang Prerequisites: Intermediate Microeconomics‚ Intermediate Macroeconomics‚ Econometrics Email: gang at economics.rutgers.edu Include 339 in the subject line ¤ Course Materials Home ¤ Lecture Schedule‚ Exam Dates‚ Readings‚ Problems ¤ Requirements and Grading ¤ Learning Goals ¤ Exams‚ Rules‚ Advice ¤ Sample Exam Questions ¤ Course Structure & Prerequisites Sample Test Questions for Development Economics 339 Below are a
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INTERNATIONAL TRADE Pre-requisite Courses and Assumed Knowledge and Capabilities Prices and Markets or equivalent Course Description International Trade is a final year course that covers the economic theory of free trade and of intervention in the trade process. It is designed as an applied course that aims to help students integrate their knowledge of economic analysis with the fundamental determinants of the size and pattern of the gains from international trade. Students will learn to
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The Lahore Journal of Economics 11 : 1 (Summer 2006) pp. 19-34 Trade Liberalization and Economic Development: Evidence from Pakistan Bushra Yasmin‚ Zainab Jehan‚ Muhammad Ali Chaudhary* Abstract Unrestricted trade stimulates economic growth and bridges socioeconomic gaps existing in different countries of the world. Pakistan has adopted trade liberalization policies since the late 1980s with the same expectations. This study has empirically analyzed how trade liberalization has affected economic
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while‚ the further away it is from the straight line‚ the more unequal the distribution of income. In the diagram above‚ the ratio of the area between the diagonal and the Lorenz curve‚ to the total area under the diagonal is known as the Gini Coefficient. However‚ despite its simplicity there are numerous limitations to this curve. Firstly‚ the Lorenz curve is based on the data relating to money income rather than disposable income. It does not take into consideration personal income taxes
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It is now difficult to read a newspaper or a book‚ watch the television‚ surf the Internet‚ or participate in a demonstration without coming across references to how ’globalization ’ is affecting our lives. One of the crucial challenges facing many developing and transitional economies is balancing the benefits of globalisation with the risks and costs. According to Sheila L (2004) : ’Globalization can be described as a process by which the people of the world are unified into a single society
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Hong Kong? A psychologist said that stress is a joint result of weak knowledge base plus and in sufficient support. In a highly competitive society like Hong Kong‚ everyone must work very hard for keeping a foothold. Moreover‚ Hong Kong’s Gini Coefficient has consistently at the world’s top rank‚ which implies the city’s income gap have a great disparity‚ despite a high living standard. That is how the stress comes up and let us take a close look at the issues. First of all‚ stress can be avoided
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Econ 333 10/18/13 Assignment 3 Chapter 3: Questions for Discussion 1. The distinctions among the stages-of-growth theory of development‚ the structural-change models of Lewis and Chenery‚ and the theory of international dependence is that each one takes into account different factors or focuses on specific factors. The Stages-of-growth theory has a five stage to which a developing nation must go through. The Structural-change model of Lewis focuses on a developing country transforming itself
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of Latin American society‚ it is important to measure inequality accurately in order to obstruct the causes of the discrimination and prevent new ones from beginning. The Gini Coefficient is an effective way that people indicate the inequality of a country by measuring a frequency distribution of income or wealth. Using the "Gini Index" of inequality in the distribution of income and consumption‚ the researchers found that Latin America and the Caribbean‚ from the 1970s through the 1990s‚ measured
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