Economic Growth And Inequality Of Opportunity - 1672 Words

IDPM60711: Economic Development Theoretical link between economic growth and inequality of opportunity ‘The case of the Arab Spring’ Word count: 1654 Introduction Global discourse around the issue of growing inequality and specifically inequality of opportunity has come to the fore in recent years driven by violent public action witnessed in the spring of 2011. A little southern town in Tunisia known as Sidi Bouzoid in December 2010 took global centre stage in the push for economic emancipation. Mohamed Bouazizi, a fruit vendor vented his frustration with the local corrupt municipality by setting himself ablaze which inadvertently sparked a series of protests across the Arab world. Enter the ‘Arab Spring’ led by disenfranchised youth. Researchers in attempts to diagnose the inspiration for the ensuing revolutions hypothesised stark inequality between economic and political elites and the larger population, as the fuel behind the flame. Focusing on determinants of opportunity that is, predetermined circumstances such as education, region of birth, gender or family wealth; do affect an individual’s capacity to engage in economic activity. Critically, in the presence of a state indifferent to these pre-existing variations in populace circumstances, the effect of these circumstances greatly increases. This paper explores the link between economic growth and inequality of opportunity and applies these links within the case of the Arab spring. It investigates how weakShow MoreRelatedInequality Of Economic Growth And Inequality1699 Words   |  7 PagesEconomic growth and inequality has been a long debated topic but is more important in the recent decades as income inequality has dramatically grown within many countries; the implications on these can hinder social and political development. Economic growth and its link to Equality can help create stability for an economy and improve living standards in the long ru n. 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