A New York economist Ivaylo Angelov introduces his new economic theory, "Closing The Wealth Gap: A Two-Faceted Approach Theory," which has drawn significant attention from economic societies globally.
Ivaylo's theory addresses the root cause of economic inequality by identifying two distinct groups of individuals that make up society and targeting solutions that are tailored to their unique needs.
Ivaylo is a member of the National Association for Business Economics in Washington, D.C., and The Economic Forum. He has won several awards for his research, including 3rd prize at the Digital Economics & Innovation Conference 2016, 2nd prize at the Economy, Startups & Entrepreneurship Conference 2016, 2nd prize at the Economic Leadership Conference 2016, 3rd prize at the International Economic and Entrepreneurship Contest 2017, and 3rd prize at the National Economic Conference 2017. Ivaylo also has been nominated for the 40 Under 40 for 2023.
In his latest theory, "Closing The Wealth Gap: A Two-Faceted Approach Theory," Ivaylo challenges the notion that a one-size-fits-all solution can address the wealth gap. He argues that the wealth gap persists because of two distinct groups of individuals in society: those with a good education and steady employment but limited opportunities for career advancement, and those with limited education and entrepreneurial drive.
Ivaylo's theory proposes a targeted solution for each group. For individuals with good education and employment, he suggests fostering entrepreneurial skills and encouraging them to take on more responsibility in their careers or businesses.
Ivaylo cites successful immigrant entrepreneurs in the US who have leveraged their education and entrepreneurial spirit to achieve success. Ivaylo's theory has generated significant buzz in economic societies worldwide, and have praised his unique approach. They believe his theory could play a crucial role in shaping economic policy to create a more equitable society.
In a statement, Ivaylo said, "Economic inequality is one of the most pressing issues facing our society today, and it requires a practical and tailored approach for each group, rather than a one-size-fits-all solution. His theory offers a comprehensive solution that can address the root cause of economic inequality and create a more equitable society for all."
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Ivaylo Angelov
https://journaljemt.com/index.php/JEMT/article/view/1087
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