Measuring Global Inequality and the Principle Challenges
Final Paper Topic Choices
Write a critical essay responding to one of the following large-scale questions:
• ‘What is wrong with global economic governance, and what is right with it?’
In your answer to this question draw on a variety of readings in class and provide your unique answer. Make sure to establish first in your essay just how you think the global economy is governed, before you turn to evaluating it on your own terms.
• ‘How does the operation of the global trading system help to understand how political power really works in the global economy?’
• ‘Do global markets constrain the policy options of states?’
• ‘Who is in control of the international financial system?’
• ‘Can the operation of global economic governance be changed from the activities of civil society? If so, how? If not, why not?’
• “Is it international organizations or the elites that make decisions within them that ultimately govern the global economy?”
• “Is it possible to influence global economic governance ‘from below’ as some proponents suggest?”
• “How can we measure global inequality, and what are the principle challenges with this measurement?”
• Your own specific research question related to the big themes of the class.
Note that, because this is a higher risk strategy for the final paper, you will have to get this approved by the instructor before you can go forward with it, at least two weeks before the deadline.
The final paper should be between 4-5 pages long, 1.5-spaced, including bibliography and footnotes. There is no particular format of bibliography/citations but please stick to one of the predominant methods/style and be consistent.
This paper is an opportunity for you to apply your new knowledge of IPE and your new analytical skills to a topic of your choice in the field of IPE. You are expected to draw primarily from the course readings but going beyond them is certainly welcomed when appropriate (though not required). The key to the essay is the strength of your argument in answering the question at hand. Focus on the argument’s clarity, your use of evidence, and your demonstrated knowledge of IPE.
You can choose the question that works best for you, and I will upload all the materials for you to write the essay. Most of the questions don't need all the material. You can choose which material is related to the question.
Final Essay
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Final Essay
How Can We Measure Global Inequality, and What Are the Principle Challenges with This Measurement?
Over the years, global inequality has been rising at an alarming rate. Various countries have decreased the number of individuals living in severe poverty. This aligns with Wade 2004) study, which attests that the rising global inequality and people living in severe poverty have been reversed and halted. However, economic differences have been rising tremendously where the richest people possess unprecedented wealth levels. Recently, Coronavirus accessibility has shown the highest inequality across the world. The number of doses given has decreased in low-income nations than high-income countries. As a result, global inequalities are in worse shape, and the trend does not seem to get better any sooner. The common measures of global inequalities are income and wealth. Wealth and income inequality has skyrocketed in the 21st century. These skyrocketing inequalities and associated disparities have stoked social dissatisfaction, which are crucial drivers of populist nationalism and political polarization. The trending global inequalities have shown it can weaken trust in the public and threaten democratic governance. This paper reflects on the method that can be utilized to measure global inequality and the principle challenges of this measurement.
Normally, income can differ dramatically within and between nations. Therefore, measures such as the Gini Index and Gross Domestic Product (GDP) per capita are essential tools to help gain insights about the most effective way to allot resources to address global inequality. GDP per capita is the most used tool to measure global income distribution. GDP refers to the overall monetary value of total commodities