Economic inequality in Sub-Saharan countries has appeared since 1960s when they gained independence. Economic inequality is the difference between people in their fortune and income. As African Development Bank Group stated, "Six out of the 10 most unequal countries worldwide were in Sub-Saharan Africa." This explains Sub-Saharan countries are close to each other and have the same problem in economy, which is economic inequality. Poverty, external shocks, and lack of education are reasons why the economic inequality exists in Sub-Saharan countries.
The first reason that makes economic inequality become dominant is poverty, which has increased in Sub-Saharan countries. The increase of economic inequality clearly can be seen between people in rural and urban areas. As African Development Bank Group in their research mentioned, "the percentage of the population is poor in rural areas (56.9%), compared to urban areas (49.6%)." (www.afdb.org) This shows that the majority of rural citizens and the minority of the urban citizens are poor. Spreading diseases because of poverty in rural areas has effects on having less income. It allows economic inequality appear in sub-Saharan countries. As Dr. Uche Amazigo stated that poverty causes some diseases in Sub-Saharan Africa such as, AIDS, STDs, and HIV; because people, who have these diseases in rural areas, have less opportunity to get jobs, the differences in citizens' income between rural and urban people appear.
Another reason to emerge economic inequality in Sub-Saharan countries is external shocks such as fluctuating exchange rates and decreasing trade. Some Sub-Saharan countries' incomes generally depend on trades; external shocks cause low incomes that affect to emerge economic inequa...
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...roviding well educational system in the those countries that undergo an unpleasant circumstance.
Works Cited
"Six out of the 10 most unequal countries worldwide were in Sub-Saharan Africa." rural areas (56.9%), compared to urban areas (49.6%)."
"the percentage of the population is poor in poverty causes some diseases in Sub-Saharan Africa such as, AIDS, STDs, and HIV
"Within the last decade, many sub-Saharan countries have been hit by adverse trends in commodity terms of trade and external shocks such as higher oil prices, fluctuating exchange rates, and higher interest rates."
"Over the last 10 years, the prices of major commodities such as copper, iron ore, sugar, ground-nuts, rubber, timber, and cotton have fallen significantly;"
"Those who are unable to afford an education, or choose not to pursue optional education, generally receive much lower wages;"
people agree with the state that Liz borrows from Thomas Jefferson, "Everybody should have an education proportional to their life,"(Addison 256). Unfortunately, the average income between rich and poor in America is not accurate, everyone supposed to become somebody in life; college gives opportunity to everyone who wants to do so, to become whatever they want, and at any age with a low cost. as much as the income level between rich and poor in America stays unbalanced; college will always be there to gives opportunity to people who want to learn, but cannot afford to attend university. Liz Addison points out an example in the article.
Priscilla. “The World Economy and Africa.” JSpivey – Home – Wikispaces. 2010. 29 January 2010. .
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Rouse, C.E. (2007). Qualifying the Costs of Inadequate Education: Consequences of the Labor Market. In C.R. Belfiels and H.M. Levin (Eds.), The Price We Pay: Economics and Social Consequences of inadequate Education (pp. 99-124). Washington, DC: Brookings Institution Press.
Economic ways started in the nineteenth century, still have a hold on the countries of the sub-Sahara today. These countries are all impoverished and have seen horrific civil wars, however, the general consensus is that they are making slow improvements in their economy. The starvation, overpopulation and health problems are still very evident. Perhaps continued assistance coupled with education and protection will keep them on the road to stability and more rewarding lives for their citizens.
World Bank International Task Force on Commodity Risk Management in Developing Countries. ¡°Dealing With Commodity Price Volatility In Developing Countries: A Proposal For A Market-Based Approach.¡± Discussion Paper for the Roundtable on Commodity Risk Management in Developing Countries. World Bank. Washington, DC: 24 September 1999.
Poverty in Developing and Less Developed Countries The world includes less developed countries and developing countries. Less developed countries are countries considered to be poor and often contain many people who are in absolute poverty. Developing countries are countries like India, which are gaining in wealth. There are two types of poverty within the world.
America 's economy is dependent on the middle class. Slowly, the middle class is beginning to decrease. Soon enough there will be only the wealthy and the poor. Economic inequality is the gap between the upper class and the lower class. It is a problem that is growing everyday. Technology, education, race, gender, and globalization are the main causes of economic inequality. Each one of these causes contributes to the vicious cycle of economic inequality. The battle for our country 's financial wellbeing is upon us.
The World Bank (1997) stated that “widespread poverty and unequal income distribution of income that typify underdevelopment, the lack of choices and the inability to determine one’s own destiny fuel the HIV epidemic.” Contestably studies from African countries which delve deeper in to the root causes and impacts of the correlation between HIV/AIDS and poverty through analysing statistical epidemiological and socioeconomic data suggest that there is a notable correlation between the spreading of HIV/AIDS and wealth / more prosperous states within Africa.
Due to the level of development and poverty in the country, lots of anti-social activities have now become more prominent such as child labor, child trafficking, drug trafficking, prostitutions among others. Other problems associated with the high prevalence of poverty in Nigeria are the underdevelopment of the people socially, technologically and economically. The average highly trained manpower is usually redundant after their training. The policies and programs created by the government to alleviate poverty have been perceived to be
Nearly 50,000 people, including 30,000 children, die each day due to poverty-related problems and preventable disease in underdeveloped Countries. That doesn’t include the other millions of people who are infected with AIDS and other incurable diseases. Especially those living in Sub-Saharan Africa (70%), or “the Third-World,” and while we fight to finish our homework, children in Africa fight to survive without food, or clean water. During the next few paragraphs I will give proof that poverty and disease are the two greatest challenges facing under developed countries.
Did you ever visit Ethiopia and observed peoples’ life there? Life in Ethiopia is completely different from life in the USA. There are many difficulties in Ethiopia and some of them are poverty, education and health. Even though there are some problems in America, they are not like the problems in Ethiopia.
As developed countries quench their thirsts for petrol, developing countries around the world are left behind, force to watch on without any help from the outside community. Being poor means to be disadvantaged in every single way. It means not being able to support yourself or your family or have the basic necessity to life. Without substantial help for these helpless people then we should be feeling guilty that we are living lives far better than what others are experiencing. Poverty may because by wars, disease or lack of education and infrastructure and the resulting consequences may be hunger, starvation, crime and ultimately death. If poverty is not eradicated then injustice will continue, increasing death tolls and lives.
Globalization is the integration not only in terms of economies, for example, goods and services, technology, financial flows but also of societies such as communication, ideas, information, and people (Wade and Robert, 2013). Although globalization brings some drawbacks to developing countries, it creates many advantages through multilateral trade agreements; non-tariff barrier; elimination of interest rate ceiling and the opening of capital markets. Some researchers argue that globalization is the main cause of any increase in poverty and inequality. This essay illustrates the opposite concept that global inequality no longer rising and world poverty may be declining.
Also, the current irregular financial growth tendency has widened the breach between the rich and poor such as, South Africa and other further developed nations. According to financial forecasts if the existing blueprint of uneven monetary growth persists, one of the poorest nation of the world such as, South Africa will raises to be even poorer will a power plant or not. The second question has made social scientists, policy creators, and worldwide institutions to reorganize ideas about the impact of globalization on nations such as, the above.