Homepage Forums Discussion SDG-10: Reduce Inequality

Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • Bhavya Malhotra
    Post count: 0

    while income inequality between countries may have been reduced, inequality within countries has risen. There is growing consensus that economic growth is not sufficient to reduce poverty if it is not inclusive and if it does not involve the three dimensions of sustainable development – economic, social and environmental.

    To reduce inequality, policies should be universal in principle paying attention to the needs of disadvantaged and marginalized populations.

    What type of policies should be made to reduce inequality.

    Shruti
    Post count: 0

    Why Inequality Matters?

    It is clear that inequality can be a serious threat to social and political stability. There is a growing recognition, however, that it can also threaten sustained growth. A study by the International Monetary Fund (IMF) showed that greater equality of income increased the duration of countries’ economic growth spells more than free trade, low government corruption, foreign investment, or low foreign debt (Berg and Ostry, 2011). There is literature exploring the links between growing inequality and economic shocks and crises (Bordo and Meissner, 2012), a connection that appears to be closely associated with the greater economic and political weight of unregulated financial flows and markets (UNCTAD, 2012).

    Inequality jeopardizes the achievement of the overarching economic goals proposed by the Open Working Group (OWG) of the General Assembly on Sustainable Development Goals, such as eliminating extreme poverty, boosting decent work and transforming economic structures. Inequality is not a matter of fate or chance and can be reversed through policies and reforms, a point made recently in the path-breaking research of Thomas Piketty. While solutions rest with national and regional policy makers, collective actions and measures at the international level also have a crucial role to play.

    https://unchronicle.un.org/article/goal-10-why-addressing-inequality-matters

Viewing 2 posts - 1 through 2 (of 2 total)
Reply To: SDG-10: Reduce Inequality
Your information: