Inequality of outcomes in Asia and the Pacific: Trends, drivers and costs

High and persistent inequalities of outcome are a source of concern because they undermine the implementation of the 2030 Agenda for Sustainable Development and the associated Sustainable Development Goals (SDGs). Among several adverse implications, they can lead to a deceleration of economic growth, hamper efforts aimed at eliminating extreme poverty and hunger, and weaken bonds of solidarity at the community level. Inequalities of outcome also correlate with political capture, especially by vested interest groups. A disproportionate political influence of the rich over policymaking increases rent-seeking activities at the expense of the broader society, hence undermining the global aspiration of “leaving no one behind”. Addressing deepening and persisting inequalities is also important to foster peace and prevent within-country conflicts.

Sustainable Development Goals:

Reduced Inequalities