Inequality
in sentence
2932 examples of Inequality in a sentence
The resulting rise in
inequality
has been exacerbated by China’s capital controls and mandated low interest rates on savings.
Moreover, the unemployment rate has long been among the lowest of the wealthy economies, income
inequality
is the lowest in Asia, and life expectancy is the longest in the world.
The Right Question About
Inequality
and GrowthCAMBRIDGE – The belief that
inequality
hurts economic growth is gaining currency among policymakers.
Some argue forcefully that high levels of
inequality
can make sustained growth impossible, and may even contribute to recessions.
This view stands in stark contrast to the traditional view that there is a tradeoff between equality and growth, and that greater
inequality
is a price that must be paid for higher output.
Whether
inequality
is good or bad for growth should and will continue to concern social scientists.
For starters, while recent studies have concluded that higher levels of
inequality
produce lower long-term growth, other data have challenged this assumption, making definitive claims that are impossible to support, partly because different sources and types of
inequality
likely have different impacts on growth.
Second, most research focuses on the impact of
inequality
on growth, rather than on how specific policies affect growth.
So, even if reducing
inequality
was bad for overall growth, it might still be good for social welfare in the relevant sense, if it made many households in the middle better off.
The fact is, economic policies in the real world are nuanced and site-specific, making the search for a single answer to the question of how – and how much –
inequality
affects growth a Sisyphean task.
Rather than concerning themselves with how to balance growth and inequality, policymakers would do better to focus on how policies impact average incomes and other welfare indicators.
Win-win policies – defined as distribution mechanisms that produce growth and reduce
inequality
simultaneously – are the easiest to evaluate, and the most advantageous to adopt.
Reforms that cost little or no money, such as improving the quality of primary and secondary education, have been shown to encourage growth while ameliorating
inequality.
Any policy that promotes growth or lowers
inequality
without negatively affecting the other variable can also be classified as a win-win.
It is far more difficult to evaluate policies that involve a tradeoff between growth and
inequality.
Social scientists should continue to ask whether
inequality
is good or bad for economic growth.
Economists should also pay less attention to
inequality
in the aggregate, and more on the specific policies that might increase or reduce
inequality.
The country’s Gini coefficient is one of the worst in the world, reflecting stark levels of income inequality; its rate of unemployment, at 26.5%, is alarmingly high and hits young people the hardest; and too many people are stuck in disastrous poverty cycles.
Moreover, to reduce income
inequality
and enhance social mobility, Singapore’s government has increased benefits for the socioeconomically disadvantaged and the middle class, including by investing in education and making health care more affordable.
At the same time, however, problems like corruption, inequality, environmental degradation, official corruption, and repression of political dissent and religious expression have worsened.
Hunger and malnutrition are not primarily the result of insufficient food production; they are the result of poverty and inequality, particularly in rural areas, where 75% of the world’s poor still reside.
Is
Inequality
Inhibiting Growth?
In Europe, concerns about domestic income inequality, though more muted, are compounded by angst about
inequality
between countries, as Germany roars ahead while the southern periphery stalls.
Persuasive explanations of the crisis point to linkages between today’s tepid demand and rising income
inequality.
So income
inequality
emerged, not primarily because of policies favoring the rich, but because the liberalized economy favored those equipped to take advantage of it.
Thus, while differing on the root causes of
inequality
(at least in the US), the progressive and alternative narratives agree about its consequences.
And, while
inequality
did not increase as much as in the US, job prospects were terrible for the young and unemployed, who were left out of the protected system.
This will not be easy or quick, but it beats having corrosively high levels of
inequality
of opportunity, as well as a large segment of the population dependent on transfers.
As a reformed Europe starts growing, parts of it may experience US-style
inequality.
It suffers from less
inequality
than many advanced industrial countries (though more than Canada and the northern European countries), and it has had a longer-standing commitment to environment preservation.
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