Research Paper On Colombia Economy

In the United States, high standard of living is not equally shared with in the Americans. The 1970s and 1990s was period where economic inequality began to grow. Emmanuel Saez, an economics professor at UC Berkeley has been doing a research for the U.S. income inequality. He states that there has been an increase since the 1970s, and has reached levels that have not been seen since 1928. “In 1928, the top 1% of families received 23.9% of all pretax income, while the bottom 90% received 50.7%. But the Depression and World War II dramatically reshaped the nation’s income distribution, by 1944 the top 1%’s share was down to 11.3%, while the bottom 90% were receiving 67.5%, levels that would remain more or less constant for the next three decades. But starting in the mid- to late 1970s, the uppermost percent income share began rising dramatically, while that of the bottom 90% started to fall.”(DeSilver) Ever since then, economic inequality continues to increase, especially in the last three decades.

Chile has a competitive advantage in the forestry sector since pine grows exponentially faster in the southern forests of Chile than in New Zealand, Sweden, and Canada. While Chile has a competitive advantage in the forestry sector, it is not the leading export. Chile’s leading export is the mining sector which makes up 51 percent of the exports, and contributes more than eleven percent to Chile’s GDP. Not only is the forestry and mining sector important to Chile’s exports, but also the fishery sectors; Chile is one of world’s leading exporters of fish and fishmeal. While Chile is a large exporter and focuses on increasing exports, Chile also imports goods. Chile’s main imported good is manufactured goods, such as

This “middle-class nation” is struggling to support all those who live in its borders and the misconceptions about wealth are vastly overrated. Furthermore, the idea of wealth and stability is incorrect, and there is a very sharp contrast between the rich and poor in the country. As the richest twenty percent of American hold ninety percent of the total household of the total household wealth in the country, those at the bottom have managed very poorly and suffer to get through the days.

BNatural Resources The mineral resources of the country are varied and extensive. Colombia is the major world

Without realizing it, most of us live in a bubble. This impermeable layer makes us oblivious to what's going on in the world and ignorant to the truth. The media is powerful, but there is a huge difference between seeing something, and experiencing it in person. After 17 years of living in that bubble, I finally popped it and opened my eyes to a world I had never felt before. Colombia, like many developing nations, faces rampant income inequality that acts as a huge barrier for the country to make a leap towards economic prosperity. But to truly understand this great monster in our world called "income inequality", you have to experience both extreme living conditions. And during the summer, I was able to do just that. In 24 hours. With an

Most of us are familiar with these global terms “American dream” and “drugs cartels”. These thoughts exemplify one the differences between United States of America and Colombia. Despite United States of America and Colombia are located in the same hemisphere significant differences in food, natural resources and tourist attractions make each country quite distinct from the other.

Colombia is located in the north of South America. Both oceans surround it; to the west is the Pacific Ocean and the Atlantic Ocean to the northeast. Colombia also has Panama to the north, Venezuela to the east, Brazil to the southeast and Ecuador and Peru to the south. The capital is Bogota, and it also has important cities such as Cali, Medellin and Barranquilla. The population is around 47 million people in which 7 millions are in Bogota. The main language is Spanish with many ethnic languages across the country. Colombia is independent from Spain since July 20th of 1980

The highest earning fifth of U.S. families earned 59.1% of all income, while the richest earned 88.9% of all wealth. A big gap between the rich and poor is often associated with low social mobility, which contradicts the American ideal of equal opportunity. Levels of income inequality are higher than they have been in almost a century, the top one percent has a share of the national income of over 20 percent (Wilhelm). There are a variety of factors that influence income inequality, a few of which will be discussed in this paper. Rising income inequality is caused by differences in life expectancy, rapidly increases in the incomes of the top 5 percent, social trends, and shifts in the global economy.

This study considers the conditions of income, wealth and poverty in the United States of America. Income got a better distribution during the 70s but the level of economic growth decreased aggravating the unequal distribution of income (Stone, et al). However, wealth enclosed an inequality of distribution in the United States. It is referred to the unequal distribution of assets among residents of the United States. Also wealth is associated to the values of homes, automobiles, personal valuables, businesses, savings, and investments. In this context, statistics of poverty indicate people living at the economic adversity without satisfying their basic necessities. In mention by the article named “Measuring Poverty (A New Approach),” the statistical data of poverty is published by the U.S. government being a topic of importance and political sensitivity.

Capitalism has been the central force behind the growth of the United States’ progressive economy. Within such advanced economic system the chances of economic disparity are significantly high. In fact, over the past three decades there has being a steady increase in unequal wealth distribution among the economic classes. To sustain the current unequal wealth distribution among the classes of the American population, there are numerous factors that influence and shape this trend. For some members of the population it is alarmingly disturbing to know that recent statistics have shown that, “In the US [alone] the wealthiest 1% of its population owns more than the bottom 95 %” (Gutman). As for the difference in economic wealth, it resulted

Colombia was one of the three original countries along with Ecuador and Venezuela that emerged from the collapse of Gran Colombia in 1830. Over the last 40 years, there has been a campaign to overthrow the government partially because of the drug trades throughout Colombia. The movement does however lack support from military and support from the necessary influences. In recent years, there have been challenges for control of the territories throughout Colombia and also for the drug trade.

“Colombia is well endowed with minerals and energy resources. It has the largest coal reserves in Latin America and is second to Brazil in hydroelectric potential. The country's oil reserves total about 2.6 billion barrels. However, these are estimated to represent less than 20% of the country's actual oil potential.” This site also discusses how Colombia’s unique climate and topography allow for success in production of natural goods such as the aforementioned coffee, flowers, tropical fruits, and livestock to name a few (“Colombia Trade News”).

Colombia is the leading exporter of petroleum, coffee, coal, apparel, bananas, and cut flowers. It is rich in minerals and energy. It is the lead producer of emeralds and is the second largest producer of platinum and gold in South America. Colombia is also the World’s largest producer of cocaine. Colombia produced many emeralds. They believed that the gemstones contained special powers such as healing, making one smarter, revealing the truth, and the power to block spells. Colombia is

According to Lopez (2000), the poverty level in Latin America is far worse in rural areas like Mexico and the Andean countries. Government agencies, organizations and intellectuals across the world have expressed unease about the extreme amounts of poverty in Latin America (Mamalakis, 1996). The exact level of poverty in Latin America can only be projected because of the high number of people living in rural areas. This problem is only exacerbated by the number of countries in the Latin America region. Lopez (2000) projects that over sixty percent of citizens beneath the poverty level live in rural areas across Latin America. Those rural areas are more susceptible to poverty because there is less access to jobs and resources. Whole families, including children, are impoverished because they are forced to live off of the

Harris, Richard L., and Jorge Nef. Capital, Power, and Inequality in Latin America and the Caribbean. Lanham: Rowman & Littlefield, 2008. Print.