My Philosophy On Education My Goals As An Educator

My Philosophy on Education My goal as an educator is to develop a strong personal relationship with each and every one of my students’. In doing this, my students should feel comfortable coming to me with a problem they may be facing. I want my students to be critical thinkers. I want my students to have the desire to learn and to question everything. I feel that if there is a lot of interaction going on between my students and I; learning is happening. The teaching method that I would be incorporating into my classroom is the Socratic Method. This teaching method has been around for many years and it is still effective in today’s classroom. This method is all about questioning students so that they can rethink what they believe. As you read along, the main topics I will be covering is the teaching approach I will be using in the classroom, should religion be in schools, and should everyone have an equal opportunity to get an education. When it comes to a teaching that I would use in my classroom , it would be the Socratic Method. Although, I do believe that questioning students is an effective method but if we test our students all the time it takes the fun out of learning. When I am an educator, I want my students to know that the concepts that they are being taught are meaningful. My goal is to get my students to make real life connection with each concept that is being taught. I think my teaching method ties into Socratic Method because we both want students to learnShow MoreRelatedA Teacher s View On The Purpose Of Schooling989 Words   |  4 PagesAs an educator, it is important to have a personal teaching philosophy based on your beliefs. It also helps you to keep the focus on what your goals are as an educator and the way you plan to integrate those goals into your teaching. A statement of philosophy begins with the educator s view on the purpose of schooling. In what ways are teachers going to challenge students to have high achievement standards? Along with go als for students, what are their responsibilities going to entail? TheseRead MoreMy Personal Philosophy Of Education997 Words   |  4 Pages Philosophy of Education Discovering the place where personal values and expertise meet organizational values and needs offers a dynamic partnership opportunity. Mutual achievement of organizational academic quality and professional fulfillment provides a positive learning environment. Developing a personal philosophy of education enables an educator to understand and communicate the underlying basis for his or her approach to education. Sharing this philosophy provides valuable information forRead More Philosophy of Education Essay examples1666 Words   |  7 PagesPhilosophy of Education missing works cited The Education process is one that gradually proceeds throughout life, greatly in early years and really never stops. There will always be something someone has not learned. Knowledge is a powerful tool. One of the most well-known educators in the 20th Century, Christa McAuliffe, before her tragic death said, â€Å"I touch the future, I teach.† As an educator you seek to influence each of your students. A goal, common to many new and oldRead MoreMy Philosophy Of Nursing Education1333 Words   |  6 PagesMy philosophy of nursing education develops out of my philosophy of nursing. They are woven together as I am both a nurse and educator. I don t desire to be one without the other; and, I trust the two together are much more grounded than either one alone. My philosophy of nursing is based off the four concepts of nursing. The four concepts of nursing are person, health, nursing, and environment. My own philosophy of teaching is a result of numerous impacts in cluding background, guideline, a mergingRead MoreMy Educational Philosophy : My Philosophy Of Education946 Words   |  4 PagesPhilosophy of Education My philosophy of education has changed over the years of teaching to what I belief today. My belief of education is to focus on construct knowledge and personal experiences. As an educator, I try and encourage students to discover principles themselves. Numerous scholars have described education as being the key to a prosperous life. The most successful people are believed to be once behind a desk in elementary schools as teachers instill knowledge in them. With a right learningRead More Philosophy of Teaching Essay1107 Words   |  5 PagesPhilosophy of Teaching Twelve years ago, I was not interested in becoming a teacher. I was content with my life. Then, I had two wonderful children. As they became school age, my opinion of teachers was immensely altered. I have spent countless hours within my children’s school, became personally connected to the wonderful individuals who were their teachers, and developed a respect for these tireless workers. These individuals have created a desire within me to enhance children’s lives andRead More My Philosophy of Teaching Essay1076 Words   |  5 PagesMy Philosophy of Teaching Teaching is a daunting task that I do not intend to take lightly. Becoming a teacher has been a dream of mine for several years. I always knew that teaching would be the career for me, especially when I began working in the school system as a substitute secretary. I loved working in the school environment; coming in contact with children everyday made me realize how much I would enjoy teaching a classroom full of students. Teachers play such an importantRead MoreMy Educational Philosophy Of Education Essay1400 Words   |  6 PagesMy Education Philosophy There are five basic areas of philosophy regarding education. I am going to discuss the two that are nearest to my own educational philosophy. The aim of Perennialism philosophy of education is to ensure that all students receive an educational understanding about the ideas of Western civilization. They emphasize the rational thinking ability of students. With Perennialism they feel that correct and critical thinking should be the primary objective of all students and teachersRead MoreEvery Individual Has Goals Whether It Be Personal Or Career1628 Words   |  7 PagesEvery individual has goals whether it be personal or career goals. Often people would say that the success in their life is the most important goal than any other things. They always pursue such their goal, and to some degree, I have to agree with the reason why people pursue such their goal. However, I think that my most important goal is quite far from such goal which ordinary people pursue. I said that because rec ently I had to evaluate myself on what I really wanted to accomplish and why? ThenRead MoreBecoming A Mentor Means For Mentoring1064 Words   |  5 PagesAs an educator you are responsible for mentoring each student, so that they can show growth mental, social, and academically. Sharing warmth and compassion will show students that teachers are empathic, trustworthy, and caring. Sitting down with a student face to face, looking them in the eye and giving them your undivided attention allow students to feel comfortable expressing concerns about their personal education goals or life. Becoming a mentor means you must be flexible, be positive, show a

How Security Is Important For A Successful And Secure...

Abstract This paper is intended to speak the network security in a brief, more focus on the strategies and practical implementations to be done for a successful and secured Computer networking and Information systems, minor the possible threats and challenges against them and with a conclusive discussion of importance of rapid research for secured computer network system. Keywords: Research, Plans, System,Security,Threats. Strategies and Plans in Executing Information Security Introduction Security has been playing a vital role in every sector. But the security is highly essential factor and parameter in the field of Computer Networking Information system. Secured transmission of data between sender and recipient is important for both the organization and its customers. High Point on the security is very much essential so that appropriate strategies will be introduced, which not only elevates business management avoiding risks in communication. Hence before implementing computer information, security is a highly considered factor for both healthy business continuity and an individual. This security is to be properly strategized before initiating the network. Here we discuss the factors to be considered relative to the network security, challenges and strategies to be planned before establishing a computer network. STRATEGIES FOR SECURED COMPUTER NETWORK INFORMATION SYSTEM A strategy for a secured information system should be principled onShow MoreRelatedCyber Attacks On Maritime Targets1468 Words   |  6 Pagesthroughout the Maritime Authority’s network and into Danish government institutions before it was discovered in 2014. Reasons for the ever-increasing security exposure include the growing use and interdependence of computer systems, the relative ease and extreme value of executing attacks, and the exceptional difficulty in identifying the culprits and bringing them to justice. 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The process of risk analysis identifies existing security controls, calculates current vulnerabilitiesRead MoreWhat Are the Security Problems and Solutions of the Internet?1490 Words   |  6 Pagesinternet banking system allow us to manage our bank accounts, paying bills without queuing, online shops allow us to make purchase without going out, online education, publication and article postings allow us learn more than what we get from text book, and a lot more. As Internet plays more important role in our daily life comparing to its initiation, some keen groups are ringing our bell, hackers, and theft of data, crackers. These people are all associated with a term  ¡Ã‚ §security ¡Ã‚ ¨. It is not difficultRead More What are the security problems and solutions of the Internet?1390 Words   |  6 Pagesinternet banking system allow us to manage our bank accounts, paying bills without queuing, online shops allow us to make purchase without going out, online education, publication and article postings allow us learn more than what we get from text book, and a lot more. As Internet plays more important role in our daily life comparing to its initiation, some keen groups are ringing our bell, hackers, and theft of data, crackers. These people are all associated with a term  ¡Ã‚ §security ¡Ã‚ ¨. It is not difficultRead MoreCyber Security Is One Of The Hottest Topic Essay1693 Words   |  7 PagesTILTLE: Cyber security is one of the hottest topic in the IT world . Cyber security is the non- ending.Computer security is also known as Cyber security or IT security. In this research more emphases is given on network security or the security of data that is being transmitted through a network. The main idea behind choosing this topic, other than my interest is the problem of security in the real world or the Cyber world.At this point of time a great number of people are digital people, being digitalRead More Security on the Internet Essay1614 Words   |  7 Pages Security on the Internet Todays information is highly interconnected by the internet. With this interconnection of computer systems through the internet comes computer crime. Breaking into computer systems, damaging information, and stealing information, more commonly known as hacking, has become extremely common on the internet. As hacking becomes more frequent, and as some would say, more of a problem, should we consider hacking a criminal activity? 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Satellites and c yber technology will be part of the design of the GSS system. The U.S. military will be able to strike quickly and remain engaged for increased periods while additional forces move to the area of concern using the GSS system. Increased Navy and Air investmentsRead MoreSecurity Domain and Strategies1171 Words   |  5 PagesSecurity Domain and Strategies The Richman Company is a successful and prosperous firm with branches in eight locations throughout the country and Canada. To support its growth, the company uses both an intranet and an extranet network. These networks are essential to the successful operation of the company because they provide the means of communicating with all employees, who use the intranet to enroll in company benefit programs. These networks also allow all of the company’s business partnersRead MoreComputer Crimes And Its Effect On Our Individual Privacy1377 Words   |  6 Pagesused through a computer device and a computer network. Many computers have been used to commit crimes, and it may target individual or groups to harm a victim intentionally. Basically, computers are used in several different roles of criminal activity and it affects our individual privacy. For example, criminals normally target computer networks or devices such as computer viruses identify theft, scams, terrorism, and copy right infringement. Today, the three of most common computer crimes are information

Accounting Standards Framework in Australia Sample for Students

Question: Understand the Accounting Standards Framework and the Conceptual Framework in Australia, and Influence and Impact of these on Accounting Practice and the Financial Reporting Environment. Answer: Introduction This paper analyzes the improvement of positive bookkeeping hypothesis (PAT) and contrasts it and three standard records of science. There is some perplexity about what PAT is. On the off chance that the meaning of bookkeeping hypothesis (i.e., bookkeeping hypothesis tries to clarify and foresee bookkeeping and inspecting rehearse) given in (Watts, 2016) is interpreted as meaning PAT, investigations of bookkeeping decisions and evaluating hones constitute PAT. In the meantime, they likewise look to clarify the financial aspects based experimental writing in bookkeeping and they portray, notwithstanding bookkeeping decision considers, capital market-based bookkeeping research. They call attention to that Ball and Brown at first promoted positive research in bookkeeping, proposing that PAT incorporates both capital market-based bookkeeping examination and research in bookkeeping decisions. This paper takes PAT to incorporate both research programs. This use is steady with(Watts, 2016) attestation that when they utilize the expression "positive" to separate it from "prescriptive" hypothesis. Commend has been a champion among the most enticing accounting research programs in the midst of the latest four decades. It has delivered a considerable measure of correct research on the connection between accounting numbers and stock expenses and returns, and determinants of accounting choices by organization. Article Summary PAT addresses a vital move in accounting research perspective. One basic relationship with which Watts have addressed legitimize and propel PAT is the balance of their viewpoint of theory and that in science. They have alluded to various levelheadedness of science makers to express that their point of view of theory is the same as that in science and to legitimize their technique; and to destroy, to a specific degree, regularizing speculation. Thusly, given that PAT has been vital to accounting researchers for around four decades, it is basic to investigate how far PAT has been viable in imitating typical sciences and what the limits have been. It is similarly basic to come back to the methodological spots of PAT. It is captivating to see how the progression case of PAT differentiations and records of science to which Watts what's more, Zimmerman addressed legitimize and propel their theory. This is by virtue of such a relationship will enhance our understanding of how PAT progressed and what methodological gaps remain.(Baskerville, 2016) Research Question A noteworthy question that PAT scientists are hoping to answers to was the reason the supervisors direct the bookkeeping determinations as they comprehend the. Because of the global nature, the understanding ought to be communicated regarding directors' sure mental procedures. Elucidation ought to be communicated in light of the convictions and reasons assessed in the brains of the chief at the season of settling on bookkeeping decisions. The legitimacy of elucidation does not rely on upon the request of certain bookkeeping conduct in comparable conditions by the chairman or others (Carey, 2013). The reason is that man does not generally give a similar conduct in comparative conditions. Two individuals can carry on contrastingly in comparable circumstances and present comparable conduct in various circumstances. The issue with the above position of PAT on hypothesis decision is that most likely no hypothesis with more prominent informative power rises out of the blue. The logical power that PAT now has is the aftereffect of four many years of research endeavors. Along these lines, if the relative logical energy of contending speculations is to be settled on the referee in principle decision, that must be connected not at the underlying stages but rather at some later stages. (Ghanbari, 2016) Along these lines, three applicable methodological inquiries are (a) how to choose sanely whether to offer opportunity to another hypothesis or permit it to fade away in its early stages, (b) at what phase of hypothesis advancement the relative logical power foundation is to be connected, and (c) how to pick between two hypotheses when the new hypothesis clarifies a few parts of the old hypothesis and some new marvels not clarified by the old one. Theoretical Framework Positive Accounting Theory is produced by Watts and Zimmerman, which looks to anticipate and disclose why directors choose to receive specific bookkeeping strategies in inclination to others. The hypothesis depended in incredible piece of work attempted in the fields of financial matters, and vital to the improvement of Positive Accounting Theory was the acknowledgment of financial aspects based 'reasonable monetary individual presumption". (Ball, 2013) That is the presumption that a bookkeeper inspired without anyone else intrigue, and that the specific bookkeeping strategy chose will be subject to specific conditions. Components - Assumption: self-intrigue Premises: The bookkeeper is remunerated as far as bookkeeping based reward; The association they work for is near breaking arranged bookkeeping based obligation contracts. (Dosi, 2016) Nonetheless, PAT does not look to reveal to us that what is being done by and by is the most productive or fair process. Positive Accounting Theory has enhanced the cognizance of various accounting wonders and issues. For example, it has yielded basic bits of information into the linkage between accounting numbers and stock returns and organization's cash related uncovering inspirations. Despite this, its dedication to accounting practice has been amazingly confined. Accounting sharpen has grown over quite a while through the association of a load of segments and the strategy of advance in accounting practice has been direct.(Martin, 2016) However PAT research discoveries detailed imperative verbal confrontations about bookkeeping productions. For instance, PAT look into molded open deliberation on current reasonable esteem. Dialogs identified with the reasonable esteem concentrated on whether the reasonable esteem must be seen as an estimation include in money related explanations. The discourse about the market esteem is excessively old. Be that as it may, there are present experimental confirmations on the positive and negative parts of reasonable esteem. For instance, the writing has shown the reasonable estimation of advantages is the same as related an incentive in some standard definition. Then again, such bookkeeping sources have contended that the reasonable esteem is a poor measure particularly when they can be effortlessly controlled by prescribed models as basic as the evaluations of reasonable esteem. (Brggemann, 2013) Applaud writing demonstrates that the chiefs deal with the announced income to deal with their reward objectives. Later thinks about have demonstrated that the administration controlled the evaluations of the reasonable esteem. For instance, arranged confirmation of the far reaching utilization of reasonable incentive, what's more, contended that the reasonable esteem is manhandled by the administration and this brought on its devastation. What's more, the outcomes acquired in PAT has proposed circumstances in which the supervisors oversee profit. For instance, the income is overseen when the chiefs prizes depend on the announced profit, the organizations abuse the obligation understandings when the present advantage is not as much as a specific sum, or when the organizations have discharged stock information or when is an adjustment in administration. Inspecting benchmarks asks the examiner to recognize and assess the dangers of essential mutilations in the money related articulations.(Salthouse, 2016) The theoretical structure of bookkeeping is a case of a regulating hypothesis of bookkeeping. Depending on different suppositions about the sorts or traits of data helpful for basic leadership, The CFA gives direction on how resources, liabilities, costs, pay and value ought to be characterized, when they ought to be perceived, and at last how they ought to be measured. PAT researcher consistently fight that in undertaking research they would lean toward not to drive their own specific viewpoints on others as this is casual, however rather they get a kick out of the chance to give information about the ordinary consequences of particular exercises and starting there let people decide for themselves what they should do. In any case, as various bookkeeping scholastics have appropriately brought up, choosing a hypothesis to embrace for research, for example, open hypothesis or PAT depends on an esteem judgment; what to research depends on esteem judgment, trusting that all individual activity is driven without anyone else enthusiasm as the PAT do is an esteem judgment, etc. (Beattie, 2014) Significance and Limitations of the Article Essentialness It doesn't give anything curable, it doesn't state that what ought to happen, rather illuminates and predicts what may happen, which is the purpose of positive accounting speculation and this is lacking It is not free since it just elucidates and predicts what people may do, dismissing totally on what they should do. It acknowledge that every chief's (pro) and proprietor's (fundamental) exercises have a self-interest point of view, with the basic target of growing their own wealth without considering any ominous effects. (Isa, 2014) Confinements Right when Positive Accounting Theory was at first made in the 1970's it relied on three hypotheses, the commitment hypothesis, the reward organize hypothesis and the political cost hypothesis. Since this period however there have been no increments to these three, nor has there been any headway or augmentation of them. But much research has been played out all through the 1980-90's PAT has remained stagnant in its progression and this has perhaps provoked to the present decline in energy for PAT. It has battled that PAT doesn't have any potential for future headway and that it will continue uncertainly in its present edge with no new considerations. This nonattendance of headway and PATs late lessening in research are firm conflicts that PAT will be respected a mistake in the light of learning of the past. (Smith, 2014) The primary flaw that can be found with a begin of PAT is that of monetary matters and its reliance on the theoretical perfect market. A flawless market relies on upon (notwithstanding different things) perfect information and no trade costs. This viewpoint finds issues since "accounting exists in perspective of trade costs". It is in like manner difficult to imagine concordance for information when accounting information adds to this adjust. Watts and Zimmerman moreover say that bearing and political costs intrude with the operation of immaculate markets. In saying this they are sufficiently yielding that flawless markets don't exist as they require the departure of course to help with the more capable assignment of benefits (Kabir, 2016) Conclusion PAT holds that information are not the last referee of a hypothesis or maybe, there is a perplexing interaction between hypothesis and information. Along these lines, strange confirmation does not consequently prompt the dismissal of a hypothesis. A hypothesis is to be surrendered just when a contending hypothesis with more prominent informative power rises. Consequently, the decision between speculations is sane and bookkeeping information is combined in nature. This research, in any case, contends that PAT's methodological position on hypothesis decision keeps running into trouble (Ballwieser, 2012). The angle is that holding that a hypothesis is supplanted when a contending hypothesis with more prominent illustrative power rises does not resolve the hypothesis decision issue judiciously. On the off chance that no hypothesis with more prominent illustrative power rises, the standard of more noteworthy logical power can't be connected at the starting phase of improvement of a hypoth esis or maybe, this model is to be connected at some later phases of improvement of the new hypothesis (Christensen, 2016). In this manner, three imperative methodological inquiries are (a) how to choose objectively whether to consider another hypothesis, (b) at what organize the model of more prominent logical power ought to be connected to browse among contending speculations, and (c) at long last, how to look over among two contending speculations when the wonders clarified by one hypothesis are not a subset of the marvels clarified by the other. Congratulate defenders are quiet on these issues (Setyorini, 2012). To begin with, it looks at the advancement of PAT with three standard records of science. In research, it demonstrates that PAT fits not one or the other of these records flawlessly or maybe, its methodological positions reflect components of each of the three records. Second, it recognizes methodological crevices in PAT. The standard of hypothesis decision in PAT keeps running into challenges. Third, it demonstrates that regardless of the way that PAT has been taking after the technique of characteristic sciences, PAT has not possessed the capacity to copy the achievement of characteristic sciences up until now. The generalizability of PAT has been particularly constrained by the institutional situations of bookkeeping and time. References Ball, R., Kothari, S.P. and Nikolaev, V.V., 2013. Econometrics of the Basu asymmetric timeliness coefficient and accounting conservatism.Journal of Accounting Research,51(5), pp.1071-1097. Ballwieser, W., Bamberg, G., Beckmann, M.J., Bester, H., Blickle, M., Ewert, R., Feichtinger, G., Firchau, V., Fricke, F., Funke, H. and Gaynor, M., 2012.Agency theory, information, and incentives. Springer Science Business Media. Baskerville, R.L. and Wood-Harper, A.T., 2016. A critical perspective on action research as a method for information systems research. InEnacting Research Methods in Information Systems: Volume 2(pp. 169-190). Springer International Publishing. Beattie, V., 2014. Accounting narratives and the narrative turn in accounting research: Issues, theory, methodology, methods and a research framework.The British Accounting Review,46(2), pp.111-134. Brggemann, U., Hitz, J.M. and Sellhorn, T., 2013. Intended and unintended consequences of mandatory IFRS adoption: A review of extant evidence and suggestions for future research.European Accounting Review,22(1), pp.1-37. Carey, P., Knechel, W.R. and Tanewski, G., 2013. Costs and Benefits of Mandatory Auditing of For?profit Private and Not?for?profit Companies in Australia.Australian Accounting Review,23(1), pp.43-53. Christensen, H.B., Nikolaev, V.V. and Wittenberg?Moerman, R., 2016. Accounting information in financial contracting: The incomplete contract theory perspective.Journal of Accounting Research,54(2), pp.397-435. Dosi, G., Grazzi, M., Marengo, L. and Settepanella, S., 2016. Production theory: accounting for firm heterogeneity and technical change.The Journal of Industrial Economics,64(4), pp.875-907. Ghanbari, M., Manesh, M.Z., Hamid Khorasani, M.H. and Nejad, H., 2016. PAT (Positive Accounting Theory) and Natural Science. Isa, M.A., 2014. Determinants of accounting choice of noncurrent assets at IFRS first adoption among Nigerian firms.Procedia-Social and Behavioral Sciences,164, pp.378-383. Kabir, H. and Rahman, A., 2016. The role of corporate governance in accounting discretion under IFRS: Goodwill impairment in Australia.Journal of Contemporary Accounting Economics,12(3), pp.290-308. Martin, G.P., Wiseman, R.M. and Gomez-Mejia, L.R., 2016. The Interactive Effect of Monitoring and Incentive Alignment on Agency Costs.Journal of Management, p.0149206316678453. Salthouse, T.A., 2016.Theoretical perspectives on cognitive aging. Psychology Press. Smith, M., 2014.Research methods in accounting. Sage. Setyorini, C.T. and Ishak, Z., 2012. Corporate social and environmental disclosure: A positive accounting theory view point.International Journal of Business and Social Science,3(9). Watts, R.L. and Zuo, L., 2016. Understanding practice and institutions: A historical perspective.Accounting Horizons,30(3), pp.409-423.

The Causes of Poverty Concentration in the Modern World

Introduction In wealthy nations, concentrations of poverty always exist and persist. The major reason for poverty concentration is income inequality. The causes can best be understood using three theoretical perspectives: labor market dynamics, institutional view, and socioeconomic environment view.Advertising We will write a custom essay sample on The Causes of Poverty Concentration in the Modern World specifically for you for only $16.05 $11/page Learn More This paper therefore explores the causes of such concentrations and localities of poverty using the three theoretical perspectives. It then provides remedies for the inequality witnessed and gives an analysis of why the causes and remedies to income inequality in rich nations may differ from those of poor economies. Poverty definition Poverty is a deprivation of basic needs and well being in people. In simple terms, poverty is best understood as the lack of money or commodities in general and the in ability to access opportunities to functions within a society [Handbook: pp1]. The use of income paradigm helps to monetize the concept of poverty. Even though the average income of people living in developed countries is above the poverty line, the nations still experience concentrations of poverty especially when it comes to income inequality. The gap between high income earners and low income earners is widening despite the fact that there a reduced gap between the rich and the poor. Reasons for concentrations of poverty There are three main perspectives that help understand the causes of income inequality in developed countries. The three include socioeconomic environment view, institutional view, and labor market dynamics. Labor dynamics Two approaches can be used to explain how labor dynamics increases concentrations of poverty in developed economies. The first one is skill-biased technical change. According to this approach, there is creation of a technological shift that fav ors a portion of the labor market and leaving the other portion trying to cope with the situation. For instance, advances in technology will favor highly skilled workforce over the low skilled workforce. Essentially, demand for high skill labor has been on the rise within developed countries thereby creating biasness in the labor market. As the demand for high skilled labor increases, the wages also increases leading to a wage inequality in the labor market. This may be illustrated using a supply-demand model. When new technologies are introduced, supply of skilled labor expands at a slower rate than demand does. There is competition between innovation and education.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More As for low-skilled labor, both supply of and demand for it decreases over time, resulting in no upward pressure on wages. At the same time, skill-biased technical change leads to increasing labor market premium to skill and thus increasing wage in high-skilled labor market. Therefore, distributional problems arise. In addition, changes in international trade patterns and off-shoring also have impact on demand for skills, especially for people at the bottom of skill-income distribution. Additionally, the effects of the labor market dynamics on the poverty concentration can be explained using the traditional models. The Kuznet hypothesis and Lewis model predict that income inequality should follow an inverse U-curve along the process of development [Understanding poverty pp63]. Empirically observed curves over a long term do not provide strong supports to this hypothesis. Kuznets stressed development as a process of economy moving from rural (labor-intensive) sector to urban (IT-intensive or labor saving) sector. His argument seems to be supported by the 1913-1948 inequality declines in many developed countries. But they seem â€Å"to be due to specific econo mic shocks and circumstances† that do not have much to do with labor migration. [Understanding poverty p64] Institutional view Both formal and informal institutions play important roles in disparities of incomes. In formal institution, expansion of educational infrastructure cannot match up with the expansion of innovation and technology. There is unequal distribution of resources through redistribution and welfare transfer. Redistribution of resources occurs through mechanisms such as divorce charity, welfare, monetary policies, and taxation. The currently existing policies and government interventions on redistribution of incomes do not favor income equality. The regulation in labor market lack control over executive compensation. In as much as high income earners are taxed, the policies on taxation do not favor the low and middle income earners. In regards to the informal institution and social norms, executive compensation has been noted to have a phenomenal increase in th e US between 1970 and 2000. This rise is disproportionate to the rise in executives’ productivity and efficiency. In Europe during the same period, no such observation was made. The social economic environment view This perspective is best understood under the view of informal institutions [Groups 146-147]. At individual levels, parental income on offspring education has been identified to have an impact on income disparity witnessed in developed countries. Most young people opt for high education in order to attain high income.Advertising We will write a custom essay sample on The Causes of Poverty Concentration in the Modern World specifically for you for only $16.05 $11/page Learn More Those with low levels of education cannot attract certain kinds of jobs with high income levels. At the social levels, there is clustering of poverty which affects individual’s social economic outcomes. Poverty level in urban centers within developed coun tries is framed on the living conditions of dwellers. There are neighborhoods for the wealthy, the upper middle class, and the lower middle class. There are also neighborhoods that enclave on ethnicity and racial backgrounds. This clustering creates an effect on the individual and social economic outcomes. The behavior of individuals within these groups and neighborhoods is influenced by the characteristics and earlier behaviors of elder members of the group. Peer group effect has also been identified to play a role in the economic outcomes of the individuals in the groups [Groups 147]. Remedies Reducing income disparity witnessed in developed countries can be achieved through various mechanisms. The two major ways may include redistribution through benefits and taxation, and ensuring smaller income differences before taxation. However, the redistribution methods should ensure a progressive tax system and estate tax. Both approaches cab be used collectively or combined to address th e situation of income inequality within developed countries. The nature of government activities relating to the economy of a nation makes it impossible to have equal income distribution, especially in a free market economy or a mixed market economy. Income distribution will always be unequal. However, government interventions and regulations can help reduce the disparity. The idea of wage compression and minimum wage encourages investment in non skilled labor thereby reducing the biasness witnessed whenever there is technical change [Understanding poverty p68]. Regulations in the labor market need to be structured in way that encourages parity in income levels. For instance, there are no regulations to review the compensation for the c-level management. Why different Institutional and geographical factors have been described to be at the center of differences in prosperity. The nations located in the tropics are not as rich as those located in the temperate areas. This does not nec essarily imply that climatic conditions have a major role in economic outcomes, but it is a determinant of prosperity. Additionally, the institutions within these areas greatly differ. The main reason for this difference is because of the shaping that transpired during the colonial era. As the Europeans settled in different areas, they set institutions based on the need of each location. For instance, the whites created institutions that attracted economic progress and investment in geographical areas associated with temperate climate. At the tropics, the kinds of institutions set up in these areas were extractive in nature making these areas to be less prosperous.Advertising Looking for essay on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More Geography becomes an important factor to explain the difference because of the historical role it plays in economic outcomes. Some of the nations that are rich today have been rich since history and this can be attributed to their geographical location. The tropic areas were also once richer than the temperate areas, but the impact of colonial activities turned the tables for these areas [33]. Institutions vary over time and across countries. They affect both the economic prosperity and the distribution of income. Good and effective institutions have the implication of enforcement of the rule of law and property rights. They give rise to well-functioning markets, development of infrastructure, and innovation. They also increase social welfare. But the change from dysfunctional institutions to good ones may be blocked by powerful groups whose interests may get hurt if the change takes place [p20-21]. Conclusion Based on the discussion developed in the paper, it is apparent that even though the average income of people living in developed countries is above the poverty line, the nations still experience income inequality. In order to understand the causes of inequality in rich nations, three theoretical points of view have been used: labor market dynamics, institutional view, and socioeconomic environment view. Recommendations on solutions to the problem have also been provided. The remedies focus on two major areas: redistribution of income and ensuring smaller income differences before taxation. Lastly, institutional and geographical factors have been used to explain the differences in remedies and cause of poverty between developing nations and developed economies. This essay on The Causes of Poverty Concentration in the Modern World was written and submitted by user Joey Gray to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.