There is a clear division line separating the north and south which displays the difference in development level of nations. The north is predominantly more developed than the south, with massively wealthy nations like the America; consequently there is less poverty in the north and people generally have a higher standard of living. In comparison, the south is dominated by poor countries which have low levels of development. Most of the people in the south have a lower standard of living due to high poverty rates; however there are some exceptions to this trend like Australia. Evidently there is an unequal relationship between the north and south, which could be mainly due to the fact many of the southern countries were owned by the north in the past.
The use of gentrification can be viewed by cities and towns as a means to economic development and urban renewal. It has aided in local economic and community revitalization, increased tourism and employment, and preserved regional history, culture, and pride. However, gentrification has not been a benefit to everyone. Gentrification may benefit the upper and middle classes, but the effects of it are often detrimental to low income residents because it forces them to adjust to a lifestyle that they cannot afford. Some see it as simply driving the problems further under the surface or into other areas, rather as a means to revitalizing local communities.
Often times, companies uproot from American soil and re-established themselves in foreign countries. This causes millions of American based jobs to diminish. The more unemployment rises, the less capital circulates in the United States economy, thus causing more Americans to seek unemployment benefits. According to Gail Makinen, economic policy specialist, the United States experienced 130,000 Americans being either jobless due to the 9/11 attack or the recession that followed. (2002) Although the United States economy experiences a great deal of negative effects based on international trade, there are some benefits to foreign trade.
International Trade ECO 372 University of Phoenix There are many contributing factors to the stabilization and prosperity of our global market. We, the United States, are living in a time of severe trade deficit, meaning that we are importing many more goods than we are exporting. While it is nice to be able to buy foreign products at a lower price, there is risk in doing so. When we purchase foreign goods over domestic at lower prices it forces our domestic companies to sell their goods at lower prices to remain competitive. These lower prices may lend to making enough profit to sustain the current workforce.
So each country has different currency, for example country A currency is 2 bills to our United States currency B which equals a dollar. So if we trade with country A we would get more for our dollar then country A would get less for their currency. The factor of inflation is a country that has consistently lower purchasing power like country A. This can cause higher interest rates for that country. Another influence is what they hold in a current account could be considered a deficit which means the country is spending more on foreign trade than it is receiving.
It is shown that the higher level of education the higher level of income. So with the basic stats of entry level education being less, the lack of opportunity based on income and the lack of support for minorities to receive the same educational realities as the white class it stands to reason that this a major component to the disparity in classes and race. In addition to the disparity in class and race there is a disparity to class and gender. Women are paid less than men. The majority of single parent families are supported by women.
Some people are better at physical labour which usually means lower paid jobs rather than those who are academically minded which in our society means higher paid jobs. Finally, some people can gain wealth to inheritance and trust funds, and they have opportunity to build up their wealth through investing, unlike those who start off with nothing. There are two major social disadvantages of inequality. First one being that there is a class division which causes tension between people with different jobs and regions. This can lead to disputes between people, which will in turn bring about an instable society which can lead to an economic disruption.
economy. These illegal immigrants have been contributed to the growth of the economy because of the low labor cost. However, they become a burden of economy gradually. The illegal immigrants take over the federal government expenditure. For example, in the Heritage study, the low-income immigrant households became surrogates for illegal foreign households, which would cause the 38 percent of total federal expenditures on general public goods on illegal aliens (Martin & Ruark, 2010, p. 30).
The recent economic slump in the United States could also be a reason for lower arrest numbers. During these rough economic times where jobs are scarce, not only for illegals but for legal citizens as well, it is possible that fewer illegal immigrants are trying to cross the border. In these trying times, the grass isn’t always greener on the other
If there is no traveling, how could people taste the different cultures and understand other people. Traveling can narrow the economic and social status between developed and developing nations. In some countries, the tourism is their main income. Seeing the sights is one of the reasons for traveling, but it is not