Global inequality and global crises: Past and present

ABSTRACT

The developed, developing, and least developed countries have been experiencing differing levels of inequality over the years. The economic and financial crises have also been aggravating the extent of inequality. The Sustainable Development Goal (SDG) 10 emphasizes reducing inequality that is prevalent within and amongst the countries. The COVID-19 pandemic is expected to reverse the progress made so far in reducing inequality. Hence, the average Gini coefficient is expected to increase by 6% for emerging and developing countries. Therefore, the present study aims to undertake an analysis of the impact of past crises and the current COVID-19 crisis on global inequalities. The world inequality database has been utilized for analyzing the impact. This study will certainly enable the policymakers to implement policies with the help of which the SDG 10 can ultimately be achieved by 2030. © 2022, IGI Global. All rights reserved.