Having encountered both the opulence of Kuwait and Europe and the extreme poverty of Africa, during my travels, I became aware of the inequalities that exist within and between countries. Witnessing the shortage in rural Egypt during my volunteer work this summer, I recognized that eradicating this inequality was not only economically rational, but also a moral imperative. Through a better understanding of the forces, policies and dynamics driving a fundamental transformation of the global economy, I hope to contribute. Dismayed by the unequal distribution of wealth in Egypt, my home country, I have studied its economic and financial situation over the past few years. years. I developed a deep understanding of how events such as the political instability of the 2011 revolution were directly reflected in the performance of the country's macroeconomics and fiscal policy direction. Returning to the ideas introduced by the Physiocrats has proven essential to grasping the foundations of modern macroeconomics. Through my experience, I was able to connect their idea that nations derive their economic wealth from nature to Egypt's reliance on its agricultural sector. Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get the original essayMy belief in the effect of psychological factors on the economic decision-making process of individuals led me to delve deeper into behavioral economics. After being introduced to game theory through Yale University's online courses and reading "The Prisoner's Dilemma" by William Poundstone, my strategic decision-making and reasoning skills improved significantly. . Studying concepts such as Nash equilibrium helped me understand that presidential elections are nothing more than a game where both players must make rational, independent decisions in a non-cooperative situation. The opportunity to further study the use of theories to interpret why and how the economy behaves, particularly in the face of changes in unemployment and inflation, is what drew me to study economics . Reading books such as "The Wealth and Poverty of Nations" by David Landes made me understand how much the gap between rich and poor nations in different eras has widened and why some countries continue to have more assets than others. Another book dealing with the world situation. The wealth inequality I explored in depth was The End of Poverty: Economic Possibilities for Our Time by Jeffrey Sachs. Sachs's detailed plan, which depends primarily on international aid to help the poorest climb the first rungs of the development ladder, seemed convincing at first glance. Although effective aid, provided in the right context, such as investing in improving necessary infrastructure, health care or education, can provide essential assistance to people in need, it cannot “ create” development for poor nations. Instead, this has often been primarily achieved, as evidenced by China's return to the global economy, emerging as a powerful driver of global economic development, through engagement with markets and policy reform international trade. Keep in mind: this is just a sample. article now from our expert writers.Get a custom essayStudying A-Level Physics helped me develop my problem-solving and..