Inequality In Economic Inequality

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Economic inequality

Since the beginning of the economy’s development, the population has been divided in three main social classes: the upper class, the middle class, and the lower class.
The last one is represented as the poorest in economic terms; it is therefore characterized by a high-income inequality between the two opposite classes. However, since the early 2000s, Developing countries like Asia, Latin America and Eastern Europe developed their economic resources by a me-dian of 14% every year. In comparison, developed countries including America and Eastern Europe made benefits of only 3% per year (Neiger, 2010). Nonetheless, the gap between the rich and the poor is still considerable and according to Amina Mohammed, evidence was given that the region which will be the most disturbed by the growing income inequality is Asia with 25% (Mohammed, 2014).
This paper aims to identify the main …show more content…

Their anger is addressed to other poor people who did not do anything to start their frustration (Pare & Fel-son, 2014). Thereafter, it abates the desire of the population to live in a harmonious and peaceful civi-lization. The higher the inequality is, the smaller the social trust will be, which can badly influence the health of the poorest (Rostila, 2013). Besides, It also provokes a higher mortality rate because of the non-access to healthcare and medical equipment, which undermines the life expectancy of the population. (Mohammed, 2014) Subsequently, the income inequality prevents children from receiving a quality education, which is associated with higher earnings and greater opportunities. It leads to a sustainable unemployment and a political instability (OECD,

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