Inequalities

Inequalities persist around the world despite indications of progress. Overall, global income has risen, and the global poverty rate has fallen. The percentage of people in extreme poverty, living on less than $1.90 per day, dropped from 36 per cent in 1990 to 9 per cent in 2018. Yet such traditional measures of progress are rooted in averages. They do not tell the whole story of how gains have been distributed. The limited reach of average improvements echoes in recent popular discontent and protests around the world. People are contesting inequality and expressing a clear preference, across much of the political spectrum, for greater equality.

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