India is suddenly in the news for all the wrong reasons. It is now hitting the headlines as one of the most unequal countries in the world, whether one measures inequality on the basis of income or wealth.
So how unequal is India? As the economist Branko Milanovic says: “The question is simple, the answer is not.” Based on the new India Human Development Survey (IHDS), which provides data on income inequality for the first time, India scores a level of income equality lower than Russia, the United States, China and Brazil, and more egalitarian than only South Africa.
According to a report by the Johannesburg-based company New World Wealth, India is the second-most unequal country globally, with millionaires controlling 54% of its wealth. With a total individual wealth of $5,600 billion, it’s among the 10 richest countries in the world – and yet the average Indian is relatively poor.
Compare this with Japan, the most equal country in the world, where according to the report millionaires control only 22% of total wealth.
In India, the richest 1% own 53% of the country’s wealth, according to the latest data from Credit Suisse. The richest 5% own 68.6%, while the top 10% have 76.3%. At the other end of the pyramid, the poorer half jostles for a mere 4.1% of national wealth.
What’s more, things are getting better for the rich. The Credit Suisse data shows that India’s richest 1% owned just 36.8% of the country’s wealth in 2000, while the share of the top 10% was 65.9%. Since then they have steadily increased their share of the pie. The share of the top 1% now exceeds 50%.
This is far ahead of the United States, where the richest 1% own 37.3% of total wealth. But India’s finest still have a long way to go before they match Russia, where the top 1% own a stupendous 70.3% of the country’s wealth.
Dr. Wagner most likely follows the <u>psychodynamic</u> approach to psychology by stressing on his clients' unconscious processes as well as their unresolved conflicts.
<h3>What is psychology?</h3>
Psychology can be defined as the scientific study of both the consciousness and unconsciousness of the human mind such as feelings, emotions and thoughts, so as to better understand how it functions and affect human behaviors in contextual terms.
The psychodynamic approach to psychology is focused on the systematic study of any psychological force that influence human behavior, feelings, mind, and emotions, as well as how they might affect unresolved conflicts.
In this context, we can reasonably infer and logically deduce that Dr. Wagner most likely follows the <u>psychodynamic</u> approach to psychology by stressing on his clients' unconscious processes as well as their unresolved conflicts.
Read more on psychodynamic approach here: brainly.com/question/17147899
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Answer:
Repetition Priming
Explanation:
In the movie Groundhog Day, Bill Murray's character grows frustrated as he experiences the same day in his life over and over again. With each "passing" day, he is able to respond to people's actions more and more quickly because of REPETITION PRIMING
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