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2 pages/≈550 words
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Literature & Language
Research Proposal
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Forum (Research Proposal Sample)

Forum For this assignment, you must use detailed statistical data, researched information and financial or economic theories to support the arguments that you will present in your text. Research an issue related to Income, Inequality or Poverty which has negatively impacted the economy of a particular country or region of your choosing in the past or in the present. You should include all of the following in your text, but can choose to incorporate more information so as to provide a more complete response: Very briefly describe the level of Income, Inequality or Poverty in the country or the region of your choice. You must use statistical data and factual information to address this question. Briefly describe the cause and/or the adverse consequence(s) of Income, Inequality or Poverty in the country or region that you chose. You must integrate at least two economic concepts acquired in this class to explain how Income, Inequality or Poverty was caused or has adverse consequence(s) for the country or region that you chose. You can use graphs or equations to relate the theory that you chose. Use the knowledge acquired in this class to make a normative assessment and propose a policy recommendation that you believe would help to mitigate the causes or the adverse impact(s) related to Income, Inequality or Poverty on the country or region that you chose. (This last question will account for a significant portion of your Discussion Forum grade) General Instructions You must integrate some economic theories learned in class and apply them to your analysis. You must state your interpretation of the information that you provided and then justify your interpretation using several arguments that you will need to explain. You must appropriately reference all of your sources using the APA or MLA guidelines. Special Instructions Your initial discussion forum post must be of at least 450 words. source..
The Impact of Brexit on Income in the European Economy Author’s Name Institutional Affiliation Course Instructor’s Name Due Date The Impact of Brexit on Income in the European Economy Brexit, or Britain's exit from the European Union, is a topic that has been highly debated in the United Kingdom and beyond. The British voted to leave the EU by 52% to 48% in June 2016 (Chen et al., 2018). The British government had negotiated a withdrawal agreement with the EU that took effect on 31 January 2020. Therefore, Brexit is a popular topic of discussion in the United Kingdom. It affected all aspects of life for Brits and non-Brits, including the economy, immigration policy, and more. The Income Inequality in the European Union Following Brexit The Gini coefficient for the European Union was at 30.0% in 2020. The highest income disparities were observed in Lithuania and Bulgaria, where the former had a Gini coefficient of over 35% and the latter recorded a rate of over 38% (Eurostat, 2022). The second set of Member States with a Gini coefficient that exceeded the EU average was composed of countries such as Spain, Italy, Greece, Estonia, Latvia, Portugal, and Luxembourg. The income distribution across different regions was more evenly distributed in Slovakia, Czechia, and Slovenia (Eurostat, 2022). On the other hand, the Gini coefficient was lower in these countries at around 25.0%. Among non-member countries, such as Switzerland and Norway, coefficients above 30% were observed (Eurostat, 2022). On the other hand, Iceland and Norway had relatively low Gini coefficients. Figure 1: The Gini Coefficient for Equivalised Disposable Income per Inhabitant, 2020 (%) members (Eurostat, 2022) Causes of Income Inequality in the European Union One cause of income inequality in the EU is that some members have higher GDP than others. The most populous countries are France and Germany, both EU members (Eurostat, 2022). These countries have large populations and therefore contribute more to the GDP when compared to smaller economies like Sweden or Ireland. Ideally, the causes of income inequality in the European Union following Brexit are manifold but include the loss of jobs due to lower immigration levels, which reduced salaries and wages. Another factor is an increase in the price of goods and services imported from countries outside the EU, which will reduce purchasing power. Also another cause is the loss of EU membership, which reduced the tax revenue available to fund public services such as health care and education. Finally, another reason is reduced funding for research and development programs that could create new products and services that are more affordable than those made overseas. Figure 2: Distribution of equivalised disposable income by income quintile, 2020 (%) (Eurostat, 2022) Normative Assessment and Policy Recommendation Income inequality is a real problem affecting many European Union people. The UK was one of the EU's wealthiest countries, which has led to a wide disparity between rich and poor. As Brexit approached, many were worried that this disparity would only get worse, leading to increased poverty and other issues related to poverty. One way to mitigate this gap is through redistribution of wealth through taxation. If the government wants to reduce income inequality, it could implement a progressive tax system where those with higher salaries pay more taxes than those with lower salaries. This would help reduce income inequality because those at the top would pay more taxes than those at ...
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