Economic Disparity.docx

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GLOBAL ECONOMIC DISPARITY MARCH 7, 2012
DISPARITY
Globally, we have more wealth than 20 years ago
- Average incomes have gone up
- Fewer people live in poverty now
- Ownership of wealth is changing
Labour Conditions
- 15$ = buy a child in Pakistan
- Sweatshop = sweat of women and children
- Debt bondage
- 200 million children under age 14
THREE APPROACHES
Labour
- Greater free trade = race to the bottom
- Anti-free trade agreements
- Outsourcing takes jobs at all levels
- Regulations for outsourcing
Global Free Market
- Trade = opportunities
- Limit government interference
- Encourage efficiency
- Provide greater job choices
Developmental
- Sweatshops offer good opportunity
- Independence, autonomy
- Move social classes
- The majority of people who work in sweatshops, but it bumps people from being
poor to being middle class
Structural Marxist
- Dependency system
- World systems
- States brought into world economy
- No chance of moving/improving
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