It is well documented that income inequality is on the rise, with the richest 10 percent earning up to 40 percent of total global income. The poorest 10 percent earn only between 2 percent and 7 percent of total global income. In developing countries, inequality has increased by 11 percent if we take into account the growth of population.
These widening disparities require the adoption of sound policies to empower the bottom percentile of income earners, and promote economic inclusion of all regardless of sex, race or ethnicity.
Income inequality is a global problem that 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.
Goals in action
Muzhgan Sadaat, 23, is a soft-spoken young woman who comes across as happy-go-lucky. But when it comes to following her passion, she won’t surrender to anybody. Muzhgan was ten when she started to play volleyball, but as she grew older, her father thought it wasn’t appropriate for her to continue. “He said our relatives didn’t like it,” recalls Muzhgan. “They believed it was shameful for a girl to play sports.” MORE >
UNDP provided equipment and training for 47 of the women to set up a small business producing pickles, spices, jams and spaghetti. MORE >
The UNDP has been working with the Government of Indonesia under the UN’s Reducing Emission from Deforestation and Forest Degradation (REDD+) scheme, funded by the Norwegian government, to tackle deforestation by improving livelihoods around the forests. MORE >
Monica Shahi made history as the first transgender person in Nepal to receive a passport recognizing her gender identity as unconnected to her biological sex. This is her story. MORE >
At a Career Guidance and Counselling Centre set up with SEWA Bharat under the Disha project, Deepika discovered that even as a class 10th graduate, she could enrol in a hotel management course. Now, Deepika is pursuing her dream of becoming a chef. Over the last year, 10,000 young girls like Deepika have benefitted from such services. MORE >