The disparity in the level of income has become more uneven or the redistribution of income between developed and developing countries in light of financial and monetary glottalization.
To me inequality has risen around the world. We need to work more on to reduce inequality. The target of SDGs are also to reduce inequality.
Take trade theory and will get the answer: increased in developed, decreased in developing, but we several exemptions. Inequality increased in the US but only occasionally in Europe. Inequality decreased in SE Asia as the creation of a large middle class indicates.
In any case, one should take specific countries and study changes in income distribution and avoid generalizations.
depends how you measure it and whether China is included or not
Branko Milanovic World Bank is clear and uses good data, recommended
The measurable differences of social inequality in a given country are always greater than between countries; these metric differences in socio-economic status have risen all over the world, but significantly in China, which is officially a communist country. In any case, progressive economic participation and competition in the capitalist world markets always comes with ecological externalities and social inequalities. It is a matter of domestic political prudence to check these related risks on the level of local human communities, i.e. to develop sensitive feedback loops of social and ecological welfare for the citizens.
'Equality' on constitutional grounds & receipt as per input via 'Investment in Human Capital' induce 'Sustainability' with population
If I go with the flow of your question I would say the answer in your question. We are in the same boat.
Best regards
Aly
You don't required any indices to know that inequality is risen in the world. Economic wise, there is a wide gap between the developed and developing nations, politically, some nations have voices, power and influence more than others in the international arena, culturally, some cultural practices of nations have dominated others. The inequality around the world will continue to rise as far as some many depends on some few economically and politically.
Hi, dear colleague!
According World Inequality Report the reduction of global inequality, but there is phenomenon as the growth of inequality within the country. As for me, the country where the middle class dominates, theinequality is not high.
- Badges
- Science topic