Global income inequality: How big is gap between richest and poorest . . . Indeed, while over the last two decades global inequalities between countries have declined, income inequality has increased within most countries The average income gap between the top 10% and bottom 50% of individuals within countries has almost doubled across that time period, the report found The changing shape of global income inequality
3 key actions to help bridge the inequality gap This is true within countries, and between them Poorer countries lacked finances to support incomes of the poor or confront COVID-19, and for the first time in three decades the gap between the rich world and the rest is growing again The gap between rich and poor is rapidly increasing, and economic inequality has reached unacceptable levels:
Wealth gap widens as pandemic deepens economic inequality | World . . . The world is facing a surge in economic inequality accelerated by COVID-19 and exacerbated by the impact of the war in Ukraine Governments need to initiate urgent change to tackle extreme poverty and narrow the gap between rich and poor, laying the foundations for a more equal and sustainable future
AI could widen the equality gap between rich and poor nations | World . . . AI, machine learning, robotics, big data, and networks can revolutionize production processes However, they could also have a major impact on developing economies IMF research finds new technology risks widening the gap between rich and poor countries by shifting more investment to advanced economies where automation is already established In developing countries, this could mean AI
The digital divide between rich and poor countries is growing larger Consequences of the digital divide The consequences of this gap are numerous More than 90% of people in high-income countries used the internet in 2022, compared with only 25% of people in low-income countries The cost of getting online is often prohibitively high in poorer countries
Can education help close the global gap between rich and poor? By 1990, the education gap between the young and the old was three years in South Asia and close to four years in Latin America, the Caribbean and sub-Saharan Africa In the Middle East and North Africa it was almost six years, more than a full cycle of secondary education With a few exceptions, the gap increased until 2010
Do cities widen the gap between rich and poor? Both channels are stronger in larger cities, thus establishing the positive link between city size and inequality, even when abstracting from differences in industry composition and educational attainment The theory also predicts that increasing globalization among the world’s cities will translate into larger urban income inequality