Essays on Economic Issues

Introduction “To put it simply, the poor are getting poorer and the rich are getting richer. You don’t need a report to know that.” Said Zhou Xiaozheng, a sociology professor at Renmin University in Beijing. It isn’t news to people living in mainland China that while the upper class are living affluent lifestyles, the lower...

The Potential Economic Impact of Canada’s Aging Population For the first time in Canadian history, the senior population now outnumbers children in Canada (Grenier, 2017). This may come as a shock to many people, but not to others. Many have wondered what consequences this would have Canada’s economy and the answer isn’t pleasant; however, many...

Latin American today is amid ‘Primavera Latinoamericana’ also known as the Latin America Spring. A series of escalating civil disobedience movements are happening all across Latin America protesting against the inequality, austerity measures, authoritarian rule and corruption scandals which have been taking place in the continent for decades now. The protests have been developing across...

Mexico’s Profile Mexico has a population of 130 million and boasts of richness in cultural history and diversity as well as an abundance of natural resources. It is the 11th largest economy in the world and has strong macroeconomic institutions in addition to being open to private investment and trade. The authorities in Mexico have...

Gasoline vehicles have been around for over a century now and they have been very useful as they are one of the most used transportation in the world. But these cars release what is called emission which releases gases like carbon monoxide, nitrogen oxide, unburned hydrocarbons, and carbon dioxide which is a greenhouse gas that...

Many may say that income inequality has been around for as long as the American Dream has. The American Dream appears to be this theory of one earning a great job making up to six figures or more, being able to support their family with expensive gifts, driving new fancy cars as well as sending...

With the constant economic and social downfalls that Americans were facing leading up to the 1980 Winter Olympics, America was dividing and the solution for building back that unity came from one victory; team USA’s win over the USSR in hockey. This event single-handedly captures what it was like to truly be an American during...

Financial inequality in the U.S has been one of the most prominent social issues in our society. The pay gap between different class groups has become larger throughout the nation. Income inequality is the wage discrepancy between different types of groups due to race and gender. The economic growth has not been fairly shared. Although...

Income inequality has been a point of discussion since the time of ancient Greek philosophers and is an increasing concern today for many Americans. Income inequality means that the money people earn is unevenly distributed among the total population. Personal income can be categorized in several ways; income from paychecks, income from providing a service,...

Introduction: Despite the fact that there is an exceptionally long history of concern with economic inequality, interest for this point has increased significantly after decades of stability. Economic inequality is the unequal division of salary and opportunity among various gatherings of society and has been a concern of many nations around the earth and recently...