Main Article Content

Abstract

"Mind the gap!" is an expression meaning a visual or audible warning phrase to take caution while crossing the gap between the train door and the platform. The subject of this paper is to highlight the existing inequalities, even in the case of East-West, and the necessity that, by political will and concrete economic and social measures, not only by warnings, mitigate these disparities for the benefit of the parties concerned. This means that, through continuous political awareness of these inequalities, paying attention to this scourge of today's world and implementing such measures to ensure a strategic game-type win-win. The methods used in this paper are represented by primary data collected from international reports and situations about the status of today's world countries and national analyses published. All these data and information become base for the analyses of this issue and the emergence of valuable recommendations, rather than conclusions, regarding the counterbalance between East and West, apart from the famous and classic example of David Ricardo regarding the theory of the international trade between the rich and developed North and the poor and underdeveloped/developing South, in Europe and the world. Awareness, alertness, prompt responses to all challenges and a balanced development type win-win are the keys to a modus vivendi and sustainable evolution.

References

  1. Assouad, L. (2020). Inequality and Its Discontents in the Middle East, Retrieved from www.carnegie-mec.org/2020/ accessed May 30, 2020.
  2. Bauer, M. (2007). The importance of the Ricardian theory of international trade, Retrieved from www.grin.com/document/ accessed May 25, 2020.
  3. Beblawi, H. (1987). The Rentier State in the Arab World, published by Pluto Journals, Retrieved from www.jstor.org/stable/ accessed June 1st, 2020.
  4. Blau, John. (2020). Eastern Germany is Western Germany’s trillion euro bet, Retrieved from www.dw.com/en/ accessed May 27, 2020.
  5. Chalapati Rao, K. S., & Biswajit, D. (2018). India Recent Inward Foreign Direct Investment, New Delhi: Institute for Studies in Industrial Development.
  6. Gill, J., & McCaffrey D. (2020). EU announces financial "firepower" of 1.85 trillion with 750 billion for COVID recovery, Retrieved from www.euronews.com May 25, accessed June 1st, 2020.
  7. Jun H., Sterphen G., & Linda C. (2017). The shift in manufacturing employment in China, Background paper, Supporting Economic Transformation, August 2017.
  8. McCaffrey, D. (May-June 2020). Coronavirus briefings, months of May and June, Retrieved from www.euronews.com accessed June 11-13, 2020.
  9. Stober, E. O. (2014). The influence of labour intensive export on China’s economy growth, CCREI Working papers, Bucharest University of Economic Studies, April 2014.
  10. McLeod, S. (2020). Maslow’s Hierarchy of Needs, Retrieved from www.simplypsychology.org accessed May 30, 2020.
  11. Peterson, E. W. F. (2017) Is Economic Inequality Really A Problem? A Review of the Arguments, Retrieved from www.repec.ideas.org, accessed May 25, 2020.
  12. Convergence Reports. (June 10, 2020). Retrieved from www.ec.europa.eu/info/ accessed June 11, 2020.
  13. Finding the fight against COVID-19 in the world’s poorest countries (March 20, 2020), Retrieved from www.un.org/en/ accessed May 28, 2020.
  14. Going for Growth 2019: The time for reform is now, Retrieved from www.oecd.org/economy/ accessed June 6, 2020.
  15. Reducing income inequality while boosting economic growth: Can it be done? Going for Growth 2012, part II, chapter 5, Retrieved from www.oecd.org/economy/ accessed June 3, 2020.

Article Details

How to Cite
Trifu, A. (2020). Mind the Gap of Inequalities Between and Within Countries. Management & Economics Research Journal, 2(4), 1-9. https://doi.org/10.48100/merj.v2i4.121
Cited by