WHAT CAUSES INCOME INEQUALITY: ECONOMIC GROWTH OR FINANCIAL DEVELOPMENT?AKINCI, MerterYCE AKINCI, GnülYILMAZ, merAnkara Review of European Studies (ARES) / Ankara Avrupa almalar Dergisi (AAD)
The causes underlying market failures include negative externalities, incomplete information, concentrated market power, inefficiencies in production and allocation, and inequality. Government intervention such as taxes and subsidies may be effective in solving market failures, while other solutions may emerge ...
or for-profit providers, play a large role in delivering outsourced services in Australia, the not-for-profit (NFP) sector, which operates from a different financial and values base, has also embraced government services provision, but in doing so, lose their capacity to advocate to government ...
This paper will argue that gender, level of education, location and Aboriginal identity are the causes of the income inequality that exists among Aboriginal men and women in Canada. Gender is a big factor in income inequality, because the hierarchy that is subliminally created in society plays a...
Economist Adam Smith described how people are motivated to act in their self-interest in his bookAn Inquiry Into the Nature and Causes of the Wealth of Nations.1This tendency serves as the basis for capitalism, with theinvisible hand of the marketserving as the balance between competing t...
In 2007, Indermit Gill and Homi Kharas (2007), two World Bank economists, published a report titled An East Asian Renaissance: Ideas for Economic Growth, which suggested that East Asia would soon develop into a middle-income region and proposed the concept of the “middle income trap”. It...
While there are no countries specifically classified as participatory democracies, most representative democracies employ citizen participation as a tool for social and political reform. In the United States, for example, so-called “grassroots” citizen participation causes such as theCivil Rights Movement...
The higher the rate of inflation, the smaller the percentage of goods and services that can be purchased with the same amount of money, that leads to a decrease in consuption and this in turn causes a reduction in production.In an economy with high inflation...
There is growing interest in the use of routine outcome measures (ROM) in mental health services worldwide. Australia has been at the forefront of introducing ROM in public mental health services, with the aim of improving services and consumer outcomes.
The scarcity mindset can weaken the mind as well. It “shortens a person’s horizons and narrows his perspective, creating a dangerous tunnel vision.” So it causes people significant anxiety, sapping brainpower and “reducing mental ‘bandwidth.’” The pair cite experiments showing that feeling ...