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Economic growth and inequality in developed countries

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  1. A proposed international taxation of foreign exchange to limit the pressures of capital mobility
    1. ?A grain of sand? in the workings of foreign exchange transactions
    2. An original project which aimed to discourage "speculation that perform forward and backward a few weeks"
    3. The reinterpretation of the project and its extensions: a roundabout idea
  2. The expected benefits of the tax
    1. Increased autonomy of monetary policy
    2. A decrease in the volatility of foreign exchange market
    3. Better protection against currency crises
    4. Revenue received by the Tobin tax
  3. A tax often described as utopian and meets many objections to the benefit of more realistic alternatives
    1. The introduction of the tax would raise practical difficulties
    2. Implementation difficult
    3. Terms of employment and revenue management which remain to be found
    4. Efficiency challenge
    5. The perceived risks associated with the implementation of the tax
  4. Proposals for controls on capital movements alternatives, but remain just as difficult to implement
    1. The experience of the deposit has not convinced more
    2. The CBCT, another promising tax plan?
  5. Conclusion

The growth of developed countries (OECD member countries) results in a sustainable increase in the overall output of an economy, while for the company this means maximizing profits. Growth factors such as increasing the workforce and improving its qualification, and an increase in technical progress and innovations, have repercussions on the reduction of inequalities. Inequalities, which are mainly economic and social differences, correspond to income, wealth, education and culture, and respond to ideologies based on equality. Inequalities can be distinguished from discrimination that is covered by the legal field, but it does raise the question of equality. While the correlation between growth and inequality reduction is commonly accepted, is it verified and justified in developed countries? It is supported by the facts that countries in periods of strong growth recorded an improvement in living standards. However, this correlation has not always translated into practice. Thus it will be necessary to question how growth allows the reduction of inequalities and what the limits of this correlation are. - The existence of a positive correlation The observation of long periods of capitalist development (the 30 glorious years) suggests the existence of a positive correlation. The UNDP report (1996) (Program United Nations Development) finds the following facts: in the countries of East Asia Eastern experiencing rapid growth, the level of inequality is very low. Tags: Economic growth and inequality in developed countries, UNDP report (1996), Growth of developed countries

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