Public Economics

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NUI, Galway | Public Economics Essay: With respect to inequality and poverty how does Ireland compare to other Western industrialized countries? | Padraig Mc Govern | | 08604070 | 3/9/2012 |
Lecturer: Professor Eamon O Shea
Course code: 4BCM1

Introduction
The following essay will compare Ireland with respect to inequality and poverty to the United States and the United Kingdom. I will use the country’s Gross Domestic Product (GDP) in order to analyse their position in the world’s economy; identify how to measure poverty; the main reasons for poverty and inequality in these three countries; use graphs and references to illustrate my evidence; and then finally give a brief conclusion to my essay. Anyone who sets out to present an …show more content…

These figures are affected by many different factors. For example in 2011, the social welfare was cut by €8 per week and in turn burdened the poorest; also other factors such as education cuts, wage reductions, and a higher cost of living. All these factors have impacted on the Irish population differently. For example in 2009 men were 14.1% at risk of becoming in poverty, a student was 25.9% at risk, an adult aged <65 was 23.2% at risk and the region in ireland that was most common to poverty was the midlands with 23.5% at risk. Statistics of Ireland1. Population= 4,481,4302. Population Below Poverty Line= 5.5%3. Unemployment Rate= 14.8%4. Infant Mortality Rate (Deaths/1,000 Live Births)= 3.855. Literacy Rate (Age 15 And Over Can Read And Write)= 99%6. Life Expectancy (At Birth, In Years)= 80.197. GDP (US$ Millions)= 206,9858. GDP/Capita (US$)= (2007-2011) 47,170 10. % Of Population With Water Access= 100% 11. Official Development Assistance And Official Aid (Current US$)= N/A |

Inequality What is inequality? Unlike poverty, which concentrates on those at the bottom of society, inequality identifies how resources are distributed across the whole society. This gives a picture of the difference between average incomes; what poor and rich people earn, and also highlights how well other Member States redistribute or share the

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