Economic Change and Social Inequality

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  • Economic Change and Social inequality.
    • Structeral Change
      • Boom = LIDCs invest in struggling areas.
        • E,g, healthcare
      • Or reinjuvenate an area e.g. China now has skyscrapers.
      • Can increase house prices.
    • Global connections
      • Interconnection increases assessibility.
      • Increases economics in LIDCs.
      • Import/exportproducts
      • Deindustrialisation i Ac means no need for mining so import fro.m lidcs
    • Variables
      • Housing - social, satisfaction, household size
      • Health Care - availability, number of staff.
      • Education - type of ed, determines career path, personal income.
      • Employment - jobs available, general skill set etc.
      • Services.
    • Goverment
    • Cyclincal Change.
      • Booms and recessions vary inequality
        • Books make rich richer
        • Recession makes poor poorer

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