What is Inequality?
Historical Background
Key Points
8 points- 1.
Income inequality is often measured using the Gini coefficient, which ranges from 0 (perfect equality) to 1 (perfect inequality).
- 2.
Wealth inequality is typically more pronounced than income inequality, as wealth accumulates over time and is often concentrated in the hands of a few.
- 3.
Educational inequality refers to disparities in access to quality education and educational attainment.
- 4.
Health inequality refers to differences in health outcomes and access to healthcare based on socio-economic status, race, or geographic location.
- 5.
Factors contributing to inequality include globalization, technological change, regressive tax policies, and inadequate social safety nets.
- 6.
High levels of inequality can lead to social unrest, political instability, and reduced economic growth.
- 7.
Policies to address inequality include progressive taxation, investments in education and healthcare, strengthening social safety nets, and promoting equal opportunities.
- 8.
The Sustainable Development Goals (SDGs) include a specific goal (SDG 10) to reduce inequality within and among countries.
Visual Insights
Types and Causes of Inequality
Mind map illustrating the different types of inequality and their underlying causes.
Inequality
- ●Types of Inequality
- ●Economic Causes
- ●Social Causes
- ●Policy Causes
Recent Developments
5 developmentsGrowing awareness of the social and economic costs of inequality.
Increased focus on inclusive growth and equitable development.
Policy debates on wealth taxes, universal basic income, and other measures to reduce inequality.
Research on the impact of inequality on health, education, and social mobility.
International efforts to promote greater equality through the SDGs and other initiatives.