Number of the Week: The Perils of Inequality By Feb 19, 5: But the poor and middle class still have at least one big incentive to get into trouble again: The growing challenge of catching up to the rich.
By Richard Wike People in wealthy, middle income, and developing nations have had very different economic experiences since the onset of the global financial crisis in Many rich countries have faced their greatest economic challenge in decades, while some emerging and developing countries have enjoyed continued growth that has lifted millions out of poverty.
However, across all of these income categories there is a growing consensus that inequality poses a major threat to the global economy. A new study released today by the World Economic Forum highlights the extent to which global elites see inequality as a major challenge in the year ahead.
Based on a survey of 1, leaders from academia, business, government, and the non-profit Real number and inequality, Outlook on the Global Agenda identifies the top ten trends facing the world in Number two on the list is widening income disparities No.
Moreover, global elites do not believe inequality is receiving the attention it deserves. When asked how satisfied they are with the attention media and business are giving the top 10 issues on the global agenda, respondents to the survey are least satisfied with the amount of attention to the subject of inequality.
In developing countries where a large percentage of the population is under age 30, a dearth of jobs could create social and political instability in the coming decade.
Overall, global elites rate persistent structural unemployment as the third most significant trend for Elites and average citizens often disagree on economic issues, but on the topic of inequality there is broad agreement. One of the most striking findings from a recent Pew Research Center survey of general publics across the globe was the degree to which people see the gap between rich and poor as a major challenge.
In 31 of 39 nations, half or more of those polled said inequality is a very big problem in their country. It is an especially important challenge in Africa.
However, the rich-poor gap is a major concern in other regions as well, including wealthy nations. In places hit hard by the euro crisis, such as Greece, Italy, and Spain, overwhelming majorities rate it a very big problem. Publics around the world not only believe inequality is a serious problem — they are also convinced it is getting worse.
In 35 of the 39 nations polled, at least half say the gap between rich and poor has increased in recent years. This view is especially common in Europe: In many countries, the economic disruptions and unease of the past few years may be driving concerns about inequality, but the survey findings make clear that people do not see this as a short-term problem.
Instead, they believe it is a central feature of their economic systems. The only four countries surveyed in which less than half say their system favors the wealthy are Australia, Bolivia, Malaysia, and Venezuela. Over time, our polling has found that people around the world generally support key features of economic globalization.
Most believe trade is good for their country; and while support for the free market has declined in many nations, most still think people are better off in a capitalist system.
However, it is increasingly clear that people around the globe believe those at the top of the economic ladder are enjoying a disproportionate share of the gains, while those below are being left behind.Mathematica» The #1 tool for creating Demonstrations and anything technical.
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One of the most striking findings from a recent Pew Research Center survey of general publics across the globe was the degree to which people see the gap between rich and poor as a major challenge.
In 31 of 39 nations, half or more of those polled said inequality is a very big problem in their country. Jun 24, · It’s not robot overlords.
It’s economic inequality and a new global order. Buzzmath is currently not available for your mobile device. Visit our support page to see which devices we support.
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Contact us anytime. On Inequality [Harry G. Frankfurt] on ph-vs.com *FREE* shipping on qualifying offers. Economic inequality is one of the most divisive issues of our time. Yet few would argue that inequality is a greater evil than poverty.
The poor suffer because they don't have enough. Income Inequality. Income includes the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits .