REACTION PAPER ABOUT GLOBAL INCOME INEQUALITY

Global income inequality is the uneven amount of income being distributed amongst
a population. This can be seen in areas with high levels of poverty and differing
wealth distribution. This is caused by the rise of capitalism in the world as well as
globalization. Investors can also be included in the mix of main reasons for income
inequality. This can be seen in the decrease of economic growth during the late 20th
century wherein population declined, and the levels of return reached a certain high
point.

I believe that income inequality is a part of life now. You cannot be completely equal
with everyone unless we accept the capitalist ideology. To be perfectly clear, I see
income inequality as a form of motivation for myself and for everyone else as it gives
a sense of achievement once we move up the ladder and receive promotions/ raise.
This can also be a lesson as it shows that life is unfair and will not make things equal
for everyone so we must come to terms with the idea that this worls really is survival
of the fittest.

In conclusion, it is really important to solve global income inequality for countries to

tend to have higher rates of innovation, probably because of greater social mobility.