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Why do disparities in wealth and development exist? (Man made issues…
Why do disparities in wealth and development exist?
Previous Events
Stolen Generation
The inter-generational trauma felt by Aboriginal and Torres Strait Islander people of the stolen generation has been confirmed by medical experts who note a high incidence of post traumatic stress, depression, anxiety and suicide among those who have been affected by the policy.
This impacts wealth because with these mental problems, comes a difficulty to socialize and therefore a harder time when finding jobs
Wars
Wars can impact countries and people
Mental damage for people involved in the war
This also relates to...
Financial impacts on the country
Often, lots of money is spent on the wars that countries are involved in
Countries that sold the weapons to the battling countries now benifit
Countries that are involved in long, never ending wars are forced into economic depression because of it
Natural issues
Location
Countries that are located in an area that is not ideal for growing food in
Areas with no large deposits of natural resources
Soil
exposure to sun
access to water
Weather
Some areas that have things like lots of natural disasters and poor weather conditions can cause low development
Man made issues
Corruption
when a country is corrupt, people can treated incorrectly especially in financial ways
Culture
Politics
Economic Market strategies
Economic growth mostly happens in a free market economy
A planned economy, while equal, is not built for economic growth, this can cause gaps between countries
Planned economies make less progress regarding development because people that have big ideas that could enhance the world do not receive anything in return for harder work, so they can not be bothered.
It is possible to eliminate them?
Arguments for Yes
Uniting the world with capitalism
World trade would increase, creating more economic spread
It would mean equal opportunity for people within their own country
Programs to assist wealth and development of minorities in local communities
AIME
The Smith Family
KARI
Arguments for No
gaps in development and wealth will always exist, even if they are reduced
