Questions in Economics Q1. Examine the causes of income inequality within and between countries. In your discussion, include factors such as globalization, technological change, education, and labor market dynamics. Q2. Explore the economic and social consequences of high levels of income inequality, including its impact on economic growth, social cohesion, and political stability. Finally, discuss potential policy measures to reduce income inequality and promote more inclusive economic development.

1) Are there ways that someone can use to account for a country's equitable distribution of income (and/or economic well-being)? if so how is it possible? 2) What is the equivalent organization to OECD (Organization for Economic Co-operation and Development) that primarily focuses on lesser developed and developing countries? 3)  What are the substantive issues/discussions in the The World Economic Forum unfolding at Davos Switzerland pertaining to economic and international economic issues. 4)  What are the ideas by M. Feldstein and C. Horiokaabout on current account and/or balance of payments issues?

In this chapter Wheelan also discusses the role of developed economies in alleviating (reducing) poverty in less developed economies. To this purpose, he draws from works of development economists such as William Easterly, Jeffrey Sachs, and others. Of the statements listed below which would Wheelan and the other quoted authors NOT AGREE  to be effective or well-directed economic development strategies to alleviate global poverty?  Group of answer choices   Most of the difference between the huge success of East Asia and the relatively poor performance of South Asia, sub-Saharan Africa, and Latin America can be explained by the differences in their government policies.   Traditional aid projects to the less developed economies have been inflexible and ineffective.   Impoverished nations are caught in a poverty trap, and only capital from developed nations will rescue them.   The primary stumbling block to development in poor countries has been the bad advice they received from the rich…

Explain this: Goal 10: Reduced Inequalities. Income inequality is on the rise the richest 10 percent have up to 40 percent of global income whereas the poorest 10 percent earn only between 2 to 7 percent. If we take into account population growth inequality in developing countries, inequality has increased by 11 percent. Income inequality has increased in nearly everywhere in recent decades, but at different speeds. It’s lowest in Europe and highest in the Middle East. These widening disparities require sound policies to empower lower income earners, and promote economic inclusion of all regardless of sex, race or ethnicity. Income inequality requires global solutions. This involves improving the regulation and monitoring of financial markets and institutions, encouraging development assistance and oreign direct investment to regions where the need is greatest. Facilitating the safe migration and mobility of people is also key to bridging the widening divide.