Countries can reverse growing inequality with the right domestic policies

Vaniceseasonal's Blog

Thanks;UN news
18 February 2014, New York

Growing inequality is neither destiny nor a necessary price to pay for economic growth according to UN DESA’s report which was released on Friday, 14 February, and national policies and institutions play a crucial role in defining inequality trends.

The Report on World Social Situation 2013: Inequality Matters, was launched during the UN Commission on Social Development, and has a special focus on policy and on the impacts of inequality, including among disadvantaged social groups.

According to the report, 7 out of 10 people live in countries where income inequality has increased in the last two decades. These include a majority of developing countries and some large emerging economies, most notably China. But income inequality has declined in a large majority of Latin American countries (14 out of 20) and in several African countries.

Unlike inequalities within countries, economic disparities across countries remain…

View original post 400 more words

Advertisements