Income Inequality Globally |My course tutor

Posted: March 14th, 2023

Overview

For this activity, you will begin the Critical Analysis section of your project. This section will include assessing benefits, challenges, opportunities for change, and social practices. Completing this activity will result in a draft of the Critical Analysis section of your project. It also provides an opportunity to obtain valuable feedback from your instructor that you can incorporate into your project submission.

Directions

In this activity, you will analyze your topic using the general education lens you chose in the previous module in order to determine how the topic has affected institutions. During your analysis, you will also describe an element related to your topic that could benefit from change and assess the benefits and challenges associated with addressing globalization. Finally, you will analyze how modern social practices have been impacted by globalization.

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Include diverse perspectives from varied sources to support your points. You should continue to gather the sources you will integrate into your project. These sources will include two resources from the module resource sections of this course and two resources that you find through your own research using the Shapiro Library. It may be beneficial to identify more than the number of sources required for the project so that you can eventually choose the most useful and credible ones. Look to the SNHU Shapiro Library for assistance in finding evidence and resources from outside the course.

You are not required to answer each question below the rubric criteria but may use them to better understand the criteria and guide your thinking.

Specifically, you must address the following rubric criteria:

  1. Integrate reliable evidence from varied sources throughout your paper to support your analysis.
    1. It is important to draw from a more diverse pool of perspectives from varied sources to support the analysis. This is different from the Citations and Attributions rubric criterion.
    2. Reliable evidence from varied sources should be interwoven throughout the paper itself, while citing and attributing sources will be represented as APA in-text citations and a reference list at the end of your work.
    3. You will be evaluated on both criteria.
  2. Analyze your chosen topic through one of the general education interdisciplinary lenses to determine its impact on various institutions.
    1. Apply the perspective of the general education lens you chose in the previous module to your topic. Then determine how the topic might affect institutions such as politics, community, family, economy, education, or market-driven organizations.
  3. Describe at least one specific element that could benefit from change within your topic.
    1. Consider how your topic has been discussed and represented. What approaches could be more constructive? What could be done differently to encourage, promote, or transform your topic? This response is not simply your opinion but should be supported by reliable evidence.
  4. Assess the benefit and challenges of addressing issues in globalization.
    1. What may be the positive impact of critically analyzing globalization? Conversely, what are the more difficult aspects of addressing globalization? This part refers to globalization overall and is not specifically about your project topic.
  5. Analyze how social practices have been shaped by issues and events in globalization in modern culture.
    1. How has globalization influenced contemporary social practices? For example, consider practices such as communication, cultural expression, governance, or caregiving.

What to Submit

Submit your short paper as a 1- to 2-page Microsoft Word document with double spacing, 12-point Times New Roman font, and one-inch margins. Sources should be cited according to APA style. Consult the Shapiro Library APA Style Guide for more information on citations.

2-2 Activity: Topic Introduction

Cole Staats

Southern New Hampshire University

IDS-401 Global Society

March 10, 2023

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2-2 Activity: Topic Introduction

Income Inequality

Globalization is a new phenomenon that describes how nations can relate to one another. By definition, globalization is the increasing interconnection of populations, cultures, and economies across the world. It occurs through the movement of goods and services, technology, ideas, and information across national borders. Globalization provides access to new cultures. It also facilitates the spread of innovation and technology. Furthermore, globalization provides access to new markets and talent. Although globalization has facilitated free trade and made countries more interdependent, it has promoted income inequality among racial minority groups.

Inequality is a critical social issue in most societies. It is associated with various social and health problems today. Income inequality is the common form of inequality, which describes how income is unevenly distributed in a given society. Income inequality has risen since the seventies (Tica et al., 2022). In the past few decades, income inequality has increased in almost all nations, but its speed is dependent on economic policy and institutions. Income inequality is caused by different factors, including technological progress, racial segregation, government policies, and, most importantly, trade globalization. Trade has facilitated growth in most countries by enhancing efficiency and competitiveness. However, increased trade between countries, as well as increased financial flows, partly facilitated by advancements in technology, are often driving income inequality (Dabla-Norris et al., 2015). Offshoring and the ability of companies to use labor-saving technologies in advanced countries have been associated with increasing skill premiums and a decline in manufacturing. Increasing skill premium is linked to the widening income inequality in advanced countries.

In the United States, racial minority groups are directly affected by income inequality. The income disparity between African Americans and their white counterparts has been persistent and extreme for decades. But currently, income inequality is rising rapidly among American Asians. Reports show that labor income among lower-income Asians is trailing behind income earnings generated by their counterparts in other racial groups (Kochhar & Cilluffo, 2018). Increasing income inequality is a significant issue because of its economic and social effects. Individuals at the bottom rungs of the income ladder have fewer economic opportunities. Several research studies also reveal that rising income inequality can severely affect economic growth by decreasing consumption spending and increasing borrowing among lower- and middle-income individuals.

Society has significantly influenced income inequality. Most societies are organized by hierarchies of race, gender, and class. The social organization signals that resources and wealth are unjustly or unevenly distributed among individuals in modern society. This contributes to inequalities between genders, racial groups, and social classes in terms of income, wealth, and other factors.

There are four general education lenses: the humanities, history, the natural and applied sciences, and the social sciences. I will analyze my topic through the social science lens. Social science looks at the relationship between individuals in societies. It defines inequality as something not equal, particularly in opportunities, rights, and status. Social science research can play a critical part in identifying the origin, extent, and effect of inequalities, such as income inequality.

 

 

References

Dabla-Norris, E., Kochhar, K., Suphaphiphat, N., Ricka, F., & Tsounta, E. (2015). Causes and Consequences of Income Inequality: A Global Perspective (1st ed.). International Monetary Fund. https://www.imf.org/en/Publications/Staff-Discussion-Notes/Issues/2016/12/31/Causes-and-Consequences-of-Income-Inequality-A-Global-Perspective-42986

Kochhar, R., & Cilluffo, A. (2018, July 12). Income Inequality in the U.S. Is Rising Most Rapidly Among Asians. Pew Research Center. Retrieved March 10, 2023, from https://www.pewresearch.org/social-trends/2018/07/12/income-inequality-in-the-u-s-is-rising-most-rapidly-among-asians/

Tica , J., Globan , T., & Arčabić, V. (2022). Managing the impact of globalization and technology on inequality. Economic Research-Ekonomska IstražIvanja, 35(1), 1035-1060. https://doi.org/10.1080/1331677X.2021.1952466

SOLUTION

Analyzing income inequality through the lens of the social sciences, we can see its impact on various institutions. For example, income inequality has affected politics by increasing the political influence of wealthy individuals and corporations. It has also affected the community by promoting segregation and limiting social mobility. Moreover, income inequality has affected the economy by reducing economic growth and increasing debt. It has also affected education by limiting opportunities for low-income families and perpetuating the achievement gap.

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