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.
Answer:
Modest short term deterrent, but will need mass executions to be effective
Explanation:
The question has already been answered but I guess you need an explanation.
In the deterrence theory by Professor Land and his colleagues, they assumes that offenders are rational, I.e. they know the law and the penalties attached to defaulting the law..
They're are three points to take note of in this study;
1. For execution to have a deterrent effect, then it means a huge number of execution must have taken place
2. Most of any deterrent effect of execution of homicide occurs immediately after the execution is made public
3. 5 to 10 homicides would deterred in a year if there are 10 to 20 executions using 0.5 homicides deterred on a monthly basis.
Answer: A fairy tale is a social agent because they help children master the problems of growing up.
Explanation: They stimulate children's imaginations and allow them to deal with their subconscious fears.
Evangelicals believe that one needs to believe and praise Jesus in order to be saved (just being a good person is not enough), and additionally one needs to be "born again" - a spiritual rebirth from the Holy Spirit.
<span>Because
basically, in the first place, both are from different fields. While sociology
is more on arts, other sciences such as Physics, Biology and Chemistry are the
hard sciences. Hard sciences means that the experimentation requires a very
small amount of error, up to one percent. This experimentation uses materials
which really expensive and harmful. Meanwhile on sociology, it requires a room
of error up to five percent since some of its population is bound to different
errors such as human errors, etc.</span>
