Why rich and poor countries should care about inequality

Published by rudy Date posted on March 21, 2016

This article is published in collaboration with IMF Direct.

We should have seen a decrease in inequality with globalization, but that’s not what has happened in the last 25 years, according to Nobel Laureate and Harvard Professor Eric Maskin. While there are a number of reasons to care about inequality, he says there is a high correlation between high inequality and social and political unrest, with consequences for a country’s political and economic stability.

In this podcast interview with Professor Maskin, he explores how and why inequality is a widespread phenomenon that affects rich and poor countries alike.

While it was widely expected that globalization would reduce inequality, income disparities between skilled and unskilled workers has only increased in recent years.

Improving the skill set of those left behind by globalization through education and training could make a significant difference to close the gap.

Listen to the interview here https://www.weforum.org/agenda/2016/03/why-rich-and-poor-countries-should-care-about-inequality/?utm_content=buffere9dc0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer.

April 2025

World Day for Safety and Health at Work
“Safety and health at work every day!”

Invoke Article 33 of the ILO constitution
against the military junta in Myanmar to carry out the 2021 ILO Commission of Inquiry recommendations against serious violations of Forced Labour and Freedom of Association protocols.
Accept National Unity Government
(NUG) of Myanmar.
Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideos

Time to support & empower survivors. Time to spark a global conversation. Time for #GenerationEquality to #orangetheworld!

Monthly Observances:

March – Women’s Role in History Month
April – Month of Planet Earth

Weekly Observances:
Last Week of March: Protection and Gender Fair Treatment of the Girl Child Week
Last Week of April – World Immunization Week

Daily Observances:
Mar 25 – International Day of Remembrance of the Victims of Slavery and the Transallantic Slave Trade
Mar 27– Earth Hour
Apr 21 – Civil Service Day
Apr 22 – World Earth Day
Apr 28 – World Day for Safety and Health at Work

Trade Union Solidarity Campaigns

No to Trafficking

Jobs! Jobs! Jobs!

Categories