The disparity between the rich and the poor has moved to the extreme ends over the last decade. The rich have continued to gain more investment and grow richer while the poor have remained poor. It depicts the inequality in income distribution between the rich and the poor. This creates a significant rift between the wealthy and the poor and leads to many social problems. Economic disparity not only affects the lives of the people, but also hinders the overall economic development of a nation. The ministry should always strive towards minimizing this gap. If we look at the problems caused by this phenomenon, we will find a number of reasons and solutions of this concern will be mentioned.
First of all, in developing countries, especially in rural areas, there are many people who are illiterate, while the employers highly prefer well-qualified staff with expert knowledge and Information Technology or foreign languages. As the result, many people become unemployed, they cannot support themselves and their family. In addition, the globalisation gives good conditions for developed countries to be more prosperous. After that, economic crises occur after several years, as a stage of the economic cycle. Given their capabilities and power, rich nations often recover more quickly than their poor counterparts. This means that the poor is not only more prone to the negative impacts of economic crises but also more difficult circumstances. The gap which was mentioned above is extended quickly. Last of all, many natural disasters usually occur in poor nations. Floods, earthquakes, tsunamis, droughts… killed thousands of people and destroyed an enormous number of houses, buildings and infrastructures. The governments had to pay a lot of cash for rebuilding and recovery.
For this issue, there are some solutions to narrow this gap. It is clear that if the education is improved, the unemployment will no longer be a serious problem. People can live and support their family within their incomes. Another suggestion is protecting the environment. This solution not only save people’s lives, but also makes funds for residents by tourism, fishing… or save the precious resources for science… Furthermore, many foundations was established to raise money for poor people. The rich can share their money or food and other essential things for the poor who always live in famine. Even we are not rich, we can also take part in volunteer work to help those people.
In conclusion, there are some reasons which are responsible for the differences between rich and poor nations such as weak education, natural disasters and economic crises. However, if we can improve the education or protect the environment, this problem will become easy to solve.
The disparity between the
rich
and the
poor
has
moved
to the extreme ends over the last decade. The
rich
have continued to gain more investment and grow richer while the
poor
have remained
poor
. It depicts the inequality in income distribution between the
rich
and the
poor
. This creates a significant rift between the wealthy and the
poor
and leads to
many
social
problems
.
Economic
disparity not
only
affects the
lives
of the
people
,
but
also
hinders the
overall
economic
development of a
nation
. The ministry should always strive towards minimizing this gap. If we look at the
problems
caused by this phenomenon, we will find a number of reasons and solutions of this concern will
be mentioned
.
First of all
, in
developing countries
,
especially
in rural areas, there are
many
people
who are illiterate, while the employers
highly
prefer well-qualified staff with expert knowledge and Information Technology or foreign languages. As the result,
many
people
become unemployed, they cannot support themselves and their family.
In addition
, the
globalisation
gives
good
conditions for
developed countries
to be more prosperous. After that,
economic
crises occur after several years, as a stage of the
economic
cycle.
Given
their capabilities and power,
rich
nations
often
recover more
quickly
than their
poor
counterparts. This means that the
poor
is not
only
more prone to the
negative
impacts of
economic
crises
but
also
more difficult circumstances. The gap which
was mentioned
above
is extended
quickly
. Last of all,
many
natural disasters
usually
occur in
poor
nations
. Floods, earthquakes, tsunamis, droughts… killed thousands of
people
and
destroyed
an enormous number of
houses
, buildings and infrastructures. The
governments
had to pay
a lot of
cash for rebuilding and recovery.
For this issue, there are
some
solutions to narrow this gap. It is
clear
that if the education is
improved
, the unemployment will no longer be a serious
problem
.
People
can
live
and support their family within their incomes. Another suggestion is protecting the environment. This solution not
only
save
people’s
lives
,
but
also
makes
funds for residents by tourism, fishing… or save the precious resources for science…
Furthermore
,
many
foundations
was established
to raise money for
poor
people
. The
rich
can share their money or food and other essential things for the
poor
who always
live
in famine. Even we are not
rich
, we can
also
take part
in volunteer work to
help
those
people
.
In conclusion
, there are
some
reasons which are responsible for the differences between
rich
and
poor
nations
such as weak education, natural disasters and
economic
crises.
However
, if we can
improve
the education or protect the environment, this
problem
will become easy to solve.