Are the rich getting richer and the poor getting poorer still today?
Introduction
At the onset of globalization, free trade, multiculturalism, and liberal market fundamentals, one cannot help but assume that each and every economy is doing better than before. It leads us to believe that with the growing mobility, aided by advanced skills and technology transfer, and other empowering instruments of a global village, people should be richer or well off. However, this is not often the case. Poor people like the Africans still need foreign aid up until now. Developing countries remain developing. In the micro economic level, one may say that the rich people still become richer while
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