The one shortcoming of all four theories (market-oriented, dependency, world-systems, and global commodity chains) of global inequality is that The theories underemphasize the role of women in economic development.
<h3>What is global inequality?</h3>
Since many decades ago, inequality has increased all throughout the world. There are now fewer people in several nations who are extremely poor. However, as the richest people gain new levels of wealth, economic gaps have continued to widen. The United States is by far the most affluent among industrialized nations, with the richest 1 percent of citizens receiving the largest proportions of the nation's wealth and income.
<h3>What is women economic inequality?</h3>
Women do the lowest-paying jobs globally. They earn 24 percent less than males do globally, and it will take 170 years to close the pay gap at the current rate of development. There are 700 million fewer women employed than men worldwide. Poor quality of work.
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