How to Evaluate Distribution of Wealth
1. Look at who's getting the money. Are the same people controlling the government? Related to the president? The CEO of a major multinational corporation (MNC)? Before you do any policy evaluating distribution of wealth, you have to know who the key players are.
2. How much wealth is there? How poor are the poor? The United States will show a large economic disparity between its rich elite and its poor, but as wide as that gap can seem, it's nothing compared to the disparity in some extremely impoverished nations. You have to know how much wealth there is being distributed, of course.
3. What type of government? The government of a nation can have a huge impact on the distribution of wealth. Look further, too, than just 'democracy'. Consider whether or not they have socialist or fascist leanings. Ask yourself - how long as this government been in place. The age of a government might be a sign of its power and stability.
4. What type of economic system and for how long? This ties into the previous question, but you again have to consider if the nation whose distribution of wealth you're evaluating is part of the Capitalist markets or are they different? Pay attention to nations that might have been previously part of Communism, as they haven't had as much time to adjust.
5. Where are the natural resources? It's one thing to ask, how much wealth is there, and another to ask about the potential for more wealth. It's possible that the nation whose distribution of wealth you are evaluating is not utilizing their full potential in terms of national resources. This is an especially important question because most of the previous questions are about how that particular distribution of wealth came about, whereas this one is more about potentials for the future.
Often, when considering development economics or just trying to stay afloat of your country's dealings with others, someone will mention the distribution of wealth. In order to properly evaluate this distribution, you have to ask some important questions.
Published by D. Ilean
Just a girl who likes to write. View profile
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