Income inequality is on the rise-the richest 10 percent have up to 40 percent of global income whereas the poorest 10 percent earn only between 2 to 7 percent. If we take into account population growth inequality in developing countries, inequality has increased by 11 percent.
Income inequality has increased in nearly everywhere in recent decades, but at different speeds. It's lowest in Europe and highest in the Middle East.
These widening disparities require sound policies to empower lower income earners, and promote economic inclusion of all regardless of sex, race or ethnicity.
Income inequality requires global solutions. This involves improving the regulation and monitoring of financial markets and institutions, encouraging development assistance and foreign direct investment to regions where the need is greatest. Facilitating the safe migration and mobility of people is also key to bridging the widening divide.From the website of UNDP Representative Office in Washington D.C.
Institute of Arts and Sciences Noda Campus Faculty of Liberal Arts Associate Professor Norihito SAKAMOTO
Faculty of Science and Technology Department of Applied Biological Science Cancer Cell Biology Laboratory
Associate Professor Mahito SADAIE
Institute of Arts and Sciences, Kagurazaka Division, Institute of Arts and Sciences
Junior Associate Professor Tomoko MATSUMOTO