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Inequality is inefficient and unsustainable

image of Inequality is inefficient and unsustainable

One of the guiding principles in the thinking of the Economic Commission for Latin America and the Caribbean (ECLAC), and likewise a feature of the 2030 Agenda for Sustainable Development, is the positioning of equality as a core development value. ECLAC studies have shown how inequality “spreads and strengthens in the labour and social spheres and becomes intertwined in various ways with inequalities based on gender, ethnicity, race, life cycle and territory” (ECLAC, 2017a). Rather than addressing the normative aspects dealt with by earlier documents, the present chapter analyses inequality by reviewing its economic and social costs and consequences, adopting a strictly instrumental and economic perspective in order to explore the question: why reduce inequality?

Related Subject(s): Economic and Social Development
Sustainable Development Goals:
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