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Essay / Research Paper Abstract
This examines inequality in incomes throughout the world, and discusses whether global trade is responsible for many of these gaps between rich and poor people. Bibliography lists 4 sources.
Page Count:
9 pages (~225 words per page)
File: D0_MTeconin.rtf
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Unformatted sample text from the term paper:
As mankind moved from the hunter-gatherer, to agrarian, to industrial economy, however, the difference between rich and poor became more marked. The rich lived in mansions and large houses, while
the poor dwelt in squalor and poor neighborhoods. This appeared to be exacerbated as countries went global and traded with one another.
The question that this paper will attempt to answer is whether global trade is directly responsible for the inequalities were seeing in wages between rich and poor. This paper is
written in tutorial style in an attempt to lead the student toward a way of explaining the theme of the paper, and then attempting to support it.
The theme, or thesis of a paper, generally is placed in the introduction. In this case, the theme of the paper is more of a
question - does global trade necessarily lead to a huge gap between the "haves" and "have nots?" The answer is - it depends what economic theory you embrace and what
economist you listen to. This paper will present both sides of the issue, than summarize the presentation in a conclusion at the end. Inequality and Trade
Is the trend toward globalization leaving more and more poor workers in its wake? According to the Stopler-Samuelson theory, the answer should be no; this shouldnt
be happening. At this point, the student needs to spend some time discussing this theory and can do so as follows. In its most basic form, the Stopler-Samuelson theory directly
links trade with income distribution (Suranovic, 2002). According to Stopler-Samuelson, if there is perfect competition within all markets and if production occurs in an industry, economic profit is nothing (Suranovic,
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