Globalization's Impact on Inequality

• Connection: The world economy is now more integrated and connected.
• Technology: It’s like upgrading from your old flip phone to the latest smartphone!
  • Winners: App developers, social media strategists.
  • Losers: People with outdated skills (think typewriters and fax machines).
  • Real-world example: Ever noticed how your grandpa struggles with using a touchscreen while your little cousin is a pro at it? The skills shift!

International Trade's Impact on Inequality

• Import & Export Games: Like a football match where some teams win (export-oriented industries) and others lose (import-competing industries).
• Real-world example: Imagine a local toy factory com

The Free Market Dance

• Less Government, More Freedom: Imagine a dance floor without strict rules.
• But Wait, Inequality Again? Yep! Things like deregulation and privatization could make the rich richer and the poor poorer.
• Real-world example: Ever seen a small coffee shop struggle when a big chain store opens next door?

On Economic Growth

• Educational Roller Coaster: Poorer kids might not go to great schools, and that affects their future (and the country's).
• Savings and Luxury Spending: Rich folks buying fancy cars instead of investing in local businesses can slow down economic growth.
• Real-world example: Think of a neighborhood where people invest in local gardens vs. one where they just buy expensive foreign fruits. Which is more sustainable?

On Social Stability

• Crime, Trust & Conflict: Inequality can make communities feel like a shaky Jenga tower.
• Political Power Games: The rich can become the puppet masters of politics.
• Real-world example: Ever heard of protests erupting because of unfair policies? That's inequality stirring the pot!