Introduction
Recent research shows that there has been a widening gap in the equality of income and wealth globally. Both on an international and an individual national level, nations are becoming increasingly separated when it comes to personal wealth. The major reason for this can be attributed to globalization. Nations are increasingly becoming more competitive with each other. This is in an attempt to remain relevant in the expanding process of globalization. The social development of these countries has been consequently been put at enormous costs. Competitive policies enacted by countries have miserably failed to assist. Policies of trade and finance ...