The Goal to Eliminate Economic Inequality Assignment

The Goal to Eliminate Economic Inequality - Assignment Example Although the focus of one country may vary from another, economists and government policymakers continue to work on policies to achieve these goals. The goal to eliminate economic inequality is one of the many established objectives focused not only within a single economy but also the whole world. Economic inequality is seen in both microeconomics and macroeconomic level. In a microeconomics perspective, it is evident through the occurrence of unemployment. Unemployment is perceived as a basic cause of inequitable distribution of income in an economy resulting in some group of citizens facing poverty while others enjoying abundance. On the other hand, inequality in a macroeconomics perspective is observed as nations differ in their endowment of economic resources. Some nations are endowed with abundant economic resources while others are left to suffer from their very minimal amount of resources. From both perspectives, we end up having two groups when we talk about our people or na tions of the world. Economic inequality results in poverty creating the divide between the rich and the poor. Poverty hinders economic growth and development. It is the root of the cause of problems such as health problems, economic distress, unemployment, and more importantly hunger. That is mainly the reason for economists and government policymakers all over the world to establish ways on alleviating if not completely eliminating poverty. With economic growth and development, there will be rising outputs and income; people are more able to meet their needs and wants. This also results in improved quality of life as greater opportunities are provided without sacrificing other opportunities and pleasures. A nation experiencing growth and development can resolve socioeconomic problems better and undertake new programs to alleviate poverty more readily without impairing existing levels of consumption, investment and public goods production (McConnell and Brue, 132). The level of econ omic growth and development of a country also reflects its position in the world economy. Countries are categorized as either developed or developing - the first being wealthy and the latter being poor. The wealthy group was composed of most of the Western European countries, Canada and the United States. Inhabitants of these regions lived (and still lived) in great affluence and consumed a large part of the world’s resources. The other group - Latin America, Asia, and Africa- was poor, underdeveloped and contained almost 75 percent of the world’s population (Appleyard and Field Jr, 381). World Bank characterized countries according to their incomes. In its annual World Development Indicators in 2000 and World Development Reports in 1999/2000, countries are grouped as low- income economies, lower-middle-income economies, upper-middle-income economies and high-income economies (World Bank, 251). Economists and government policymakers, especially those in developing coun tries began to look for reasons to explain this disparity and for ways to eliminate it. Poverty creates the disparity that is experienced by the people from developed and developing countries. There is a need to realize and address the issue of poverty especially in the continent of Africa. William Easterly worked on a paper entitled â€Å"Can the West Save Africa†

Sustainable Leadership - develope Essay Example | Topics and Well Written Essays - 500 words

Sustainable Leadership - develope - Essay Example For the development of a sustainable leadership experience, certain strategies that increase company value by taking opportunities and managing factors that affect business (Avery & Bergsteiner, 10, 2011). In order to acquire and achieve the required success, leaders must be able to interact with people, both outside the business and inside the business. They must be able to be kind and caring. Leaders should make a point of getting to know the people around them well and in a deeper level (Edge Equilibrium. 2012). Knowing people will help leaders know what they value most and who they truly are in business and outside it. Learning about other people’s basics like family members, their anniversaries or birthdays go a terrific deal in ensuring that such human interactions and connections make leaders sustainable (Szà ©kely, & Knirsch, 630, 2005). Sustainable leaders know a thing or two about innovations, and they are innovators. Knowing how to be innovative and coming up with brilliant ideas, means that as a leader, one is willing to aim higher. A sustainable leader also surrounds him with ardent innovative minds (Casserley, & Critchley, 167, 2012). A sustainable leader is flexible, in that, no matter which direction life flows, he will still remain standing strong. To be a flexible leader means that every step that is taken is towards the betterment of the business. Flexibility is essential if a leader wants to succeed in business since just as life flows uncertainly, so does business, and it is the leaders’ responsibility to guide it down the right path. A sustainable leader plans and prepares for succession. This will ensure that for effective succession, those who follow them are more dynamic and have the potential and will to maintain the momentum for improvement. A sustainable leader has a clear vision and target that he wishes to accomplish within a speculated amount of time. They use their