An impoverished nation forms when there is great economic disparity between the rich and the poor. Adam Smith reflects on the income gap in his quote: “No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable.” Due to Saudi Arabia’s vast oil wealth, there is a large amount of the population who live well and fruitful, but more than 20 percent of the population lives in crippling poverty (Baker, 2013). Poverty is usually defined in either absolute or relative terms. Absolute poverty refers to the standard of living, which is reflected in satisfying the needs for basic survival (Rahim, Abidin, Ping, Alias, and, Muhammad, 2014). Relative poverty is reflected in the income gap between the rich and the poor (Rahim, et al., 2014). The study of poverty is often linked to globalization, and the effect of globalization on the world’s poor is highly debated (Rahim, et al., 2014). This paper will discuss the overall effects of the income gap, both positive and negative views of globalization on poverty, and an analysis of Adam’s Smith quote in relation to the income differences between the rich and the poor. The gap between the wealthy and the poor citizens of a country has an influence on the health, wellness, and overall economic growth of a nation.
Saudi Arabia Economy Saudi Arabia has developed into a wealthy nation over the last 30 years due to the export of oil to other countries around the world (Sullivan, 2013). The
The view that the rich get richer and the poor get poorer has been heard repeatedly in reference to America’s income inequality. Though ironic, it comes as no surprise that America, a continent that easily trumps other countries in terms of wealth would be affected by the issue of poverty at such high levels. While much has said regarding the poverty levels, many economists, educators and scholars feel that the income inequality in America may be the reason why it is difficult to live and maintain a middle class lifestyle or to rise out of poverty into the middle class in the current economic state. With this in mind, the only way America, has a chance of lessening or eliminating poverty altogether is by understanding how it exists.
Identifies skills, theories of change, program designs, partnerships, and ways of building schools where students achieve.
Poverty is not only an individual problem, but a societal problem. Harrell R. Rodgers wrote an article, “Why are People Poor in America?” Rodgers gives two categories of theories that are used when cultural /behavioral or structural/economic. Behavior/culture theorists look at the behavior, culture and values of the poor as the reason for poverty. While structural /ecIn western culture statistics are an excessively used tool in describing social issues. Numbers help explain a situation, but in excesses, can dehumanize a population. A serious social issue that suffers from desensitization is poverty. Poverty, as it is defined by Webster, is the state or condition of having little or no money, goods, or means of supporting; the condition of being poor. The condition of poverty plagues many American families. According to the Census bureau, 15.1 percent of the United States population falls below the poverty threshold. 15.1 percent does not draw the same effect as the actual 46.6 million individuals living in those circumstances. In the United States, poverty has become a growing problem. There are 15 million more people living in poverty today than in the year 2000 (U.S. Bureau of the Census 2013). The poverty threshold, developed by Molly Orshansky, is a tool used to help indicate how many Americans are in poverty. According to the census, 46.6 million of America’s total population makes less than the poverty threshold for a family of four. The condition of being
Statistics indicates a rise in poverty levels in most countries all over the world. In America, more than 15% of the population lives in poverty and deplorable living conditions. Poverty and homelessness are particularly high amongst children living in the United States. Poverty is considered as the inability to meet one’s basic needs due to lack of money. It is state of deprivation in which a person lacks and is unable to acquire the normal monetary sum or property and other possessions. In the United States, the poverty threshold is used by the government to measure the level of poverty in the country. The government implements different policies and programs to eradicate poverty depending on the level of poverty. The policies and programs are meant to improve the welfare of the poor in the society and enable them to improve their social status. This paper will entail research on poverty and the policies and programs implemented to eradicate poverty in the United States.
In the book, Poverty and Inequality, it is noted that many people look at the economy and poverty status in the 60s to gauge how to solve poverty today (1997). The sixties saw the longest and strongest economic growth in US history. The unemployment rates went from twenty two percent to thirteen percent. The economy grew 4.3 % every year. This leads many economic analyses to tie the bustling economy with the declining poverty level. The eighties saw two short recessions before the second longest and strongest growth in US history. The unemployment rate went from just over ten percent to just over eight percent. It is important to note that the poverty rate only fell slightly during this period. By 1990, the poverty rate
For lots of people in the United States to be in poverty means that they live from there paycheck. In most cases most people find themselves without money & unable to support themselves or their relatives. In The United States most people don't face starvation but lots of suffer from undernourishment. A major issue in the area of poverty in The united states is inequality. Poor people are often looked on for the state they are in than how'd they get there & how can they be helped to get out. The united states is suspicious of the both the poor & helping them
Poverty is a humongous problem in the United States. 43.1 million people in the United States are living below the defined poverty line. Even worse, 15 million of those people are children. And we don’t offer any kind of relief. 70% of people born in a lower income household stay there for their entire lives. This isn’t happening because they are lazy, nor because they are complacent in their position. Some of these individuals are working two, three jobs in an attempt to stay afloat. Even with this work ethic, they stay in poverty, because they aren’t being properly compensated for their work. Working full time on the current minimum wage yields 15,080 before taxes, not enough to keep a family of two out of poverty. This means that a single
Poverty is “the state or condition of having little or no money, goods, or means of support; condition of being poor” (Dictionary.com, 2017). Based off this definition poverty is a condition that can cause a cascade of cause and effect actions that is detrimental to families and individuals both physically and mentally. Haan, Kaplan, & Camacho (2017) completed a study on the correlation between social and economic status and health in adults in Oakland, CA. They found that the lower the socioeconomic class the higher incidents of diseases and deaths related to chronic diseases (p.1161-1162). Just being without money or little money was not the only indication of health indication, a person living in an area with higher poverty issues
According to Schwartz-Nobel, America will lose as much as 130 billion in future productive capacity for every year that 14.5 American children continue to live in poverty (Koppelman and Goodhart, 2007). Sadly the seriousness of poverty is still often clouded by myths and misunderstandings by society at large. This essay studies the issue of poverty and classism in today's society.
What does poverty mean to a child orphaned by cancer or abandoned by his father? It means he has to learn how to dream again.
Poverty for centuries has been a very severe issue that has troubled many nations while impeding economic developments and progress. Poverty stricken countries are majorly concentrated in the continents of Africa and Asia. Continents like the Americas and Europe have globally been recognized as been wealthier yet still many parts of these ostensible countries face massive cases of poverty. Most at times, countries with high populations owing to high birth rates face the most cases of poverty. The definition of poverty can be boundless in the sense that poverty entails so many subsections as it sometimes gets complicated to group everything under one umbrella. Society tends to focus more on the tangible aspects of poverty because many people associate poverty with lacking money and it makes sense because poverty in terms of lacking money is a major problem affecting almost every country in the world. Even though it is debatable that poverty can be physical, intellectual, spiritual and even emotional, it is best to talk about the lack of money and economic developments in this essay. With reference to the oxford English Dictionary, poverty is state of being extremely poor and the state of being inferior in quality or insufficient in amount. Reflecting on this definition given, I deduced that malnutrition and hunger can define poverty. In the light of this, I think poverty is lacking a comfortable place of shelter, being ill and not having access to a better
There are three main arguments believed to be the explanations for the existence and persistence of poverty. The first account is the Dependency-Based Explanation that puts the blame of poverty to the individual or to their cultural background. The Exclusion-Based Explanation and Structural-Based Explanation are the next two which establishes the society that condemns people to poverty.
Saudi Arabia has an economy that is largely dependent on oil, with the government maintaining the biggest control over the country 's significant economic activities. Saudi Arabia owns about 16% of the global oil reserves and is the number one exporter of oil (Saudi Arabia, 2013). In addition, the Kingdom of Saudi Arabia was instrumental in the formation of the OPEC (Organization of the Petroleum Exporting Countries) group, which initially comprised Iraq, Venezuela, Iran, Kuwait and Venezuela (Energy indicators, 2004). Currently, the petroleum industry constitutes about 80% of the country 's budgetary incomes; about 40% of the country 's GDP and 87% of Saudi 's export earnings. Agriculture, in addition to petroleum products, has been a major contributor to the kingdom’s economy since 1970s (Saudi Arabia, 2013). The country has been able to produce enough agricultural products for their consumption as well as surplus for exportation to the GCC member countries.
Many Americans believe that America has one of the most powerful economies that is involved in the global market and the best average living standards. Since the creation of the United States it has been known as the land of endless opportunities, regardless of social or economic classes. Under this philosophy, all citizens should have equal rights and given equal opportunity to progress in the workforce. However many Americans are living full lives and do not have financial obstacles to get over. Even so, millions of Americans are still faced with poor living conditions and struggle with providing for their families basic needs. Whether Americans believe poverty and inequality exist in America exists or not, the authors in three different articles:” Culture of Success” by Brink Lindsey, “A Great Time to Be Alive?” by Matt Yglesias, and “Born Poor and Smart” by Angela Locke, and “The War Against the Poor Instead of Programs to End Poverty”by Herbert J. Gans, shared ideas on how to help fix the problems of the impoverished community and address the cause of the problem. The four articles also explain different biases that the impoverish have to endure everyday.
Saudi Arabia has an oil-based economy. Shipments of oil account for 87 percent of total exports and for 46 percent of GDP. In recent years, in order to diversify the economy, the government has been investing in telecommunications, petrochemicals, natural gas exploitation and power generation sectors.