A Perspective on the Concept of Economic Inequality in the 21st Century
Journal Title: International Journal of Applied Research in Management and Economics - Year 2020, Vol 2, Issue 3
Abstract
This article aims to make an analysis on how the new reconfiguration of the global economic order, where the EU is one of the three main actors, most likely based on strong protectionist tendencies, affects the EU's ability to support more intense national economic policies and stricter rules aimed at reducing economic and social disparities. Our analytical study, one with an interdisciplinary character because, although the investigated aspects fit mainly in the economic sphere, they also have important and relevant connections with the field of international relations, follows four directions of investigation on opinions projected around the issue of economic inequality and its measurement. At the same time, the ideas around which we have built this material come to certify the already expressed views of economists that the reduction of major economic inequalities is not achieved strictly by economic measures but through a combination of factors, such as political and social programs or diplomacy. Also, our analysis brings to the foreground one of the most used instruments of measuring economic inequality, the Gini Coefficient. A series of conclusions resulted from this segment of our research, based on the interpretation of recent official statistics and data regarding economic inequality measured within the EU, illustrate the advantages and disadvantages of measuring such complex economic phenomena and what are the dangers that economists face when assigning certain figures to countries on the globe.
Authors and Affiliations
Diana Georgiana BucÄtar,
Paradoxes of Business: Towards A Practice Model to Attend to Paradox Tensions in Organizations and Develop the Leaders of Tomorrow
Paradoxes in business i.e. strategy paradoxes, leadership paradoxes, management and organizational paradoxes are inseparable from organizationsâ front-end decision making. Existing literature has examined these paradox...
Parental Awareness and Attitudes of Digital Media Advertising to Children
Children today are very comfortable using electronic technology, Internet, on line games and digital platforms. The dominant portion of the on line content is consumed via their parentâs technological devices. Knowing...
Business Model Innovation through customer co-creation – a literature overview
Today's world is extremely fast moving, and customer requirements as well as the customer expectations are changing unpredictably day by day. Firms need to continuously innovate their business model in order to keep up w...
Investigating the Role of Balance of Population and Economic Growth in Achieving Sustainable Economic Growth (Case Study: Upper-Middle Income Countries during 1985 to 2016)
Contrary to the neoclassical view, the population and its components are one of the factors affecting long-term economic growth. Some studies have pointed to the negative impact of population growth and others on its pos...
Strengthening The Skill Of Creativity And Innovation In Pre-Primary And Primary School Education
In the present age, students must improve their critical and creative thinking skills in order to make the right decision and solve complex social problems to deal with the tremendous transformations of the third millenn...