Economic Inequality – Trends, Traps and Trade-offs

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CORONOMICS
Economic Growth
Economic Instrument
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Gini coefficient analysis
Globalization
Good Governance
Green Investments
income disparity measurement
Inequality
inequality measurement methods in economics
Innovative Enterprises
Labour Inequality
Liberal Socialism
marginalized populations
National Economy
policy impact assessment
Public Institutions
Regional Disparities
social stratification
Sustainable Development Goals
Venture Financing
wealth distribution

Product details

  • ISBN 9788770223911
  • Weight: 790g
  • Dimensions: 156 x 234mm
  • Publication Date: 31 May 2021
  • Publisher: River Publishers
  • Publication City/Country: DK
  • Product Form: Hardback
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The book “Economic Inequality – Trends, Traps and Trade-offs” presents the unexplored issues of economic inequality, including case studies of various countries. Inequality is a chronic divisive factor of society. It is well known that inequalities (such as economic, social, cultural, religious, geographical, etc.) have been omnipresent in human society. Inequalities can be found within each family, each community, and each nation and thus globally. Inequality is a major cause of political, economic, social instability, and creates crisis and conflict within society. A major cause of inequality is unequal, uneven, biased, power centric distributions of human economic, social, political, cultural and spiritual human necessities.The edited book examines the major parameters of the socio-economic issues of inequality and focuses on the key economic issues of inequality, namely, income and wealth distribution, equity & equality of outcome, and equality of opportunities. Economic inequality is measured by wealth, income dsiproportions in distribution and consumption patterns in a specific area. Mostly, inequality is measured using various statistical tools including the Gini Coefficient, inequality adjusted human development index, 20:20 ratio, Palma ratio, Hoover index, Galt score, Coefficient of variation, Theil index, wage share etc. However, not all income can be measured by these tools. By using case studies, this book encourages us to reframe economic development through the lens of growing inequalities and disparities. Economic growth per se is disproportional, and the efforts of scholars, practitioners and policymakers should be directed to empower the marginalized of society in a way that ‘no one should left behind’ (UN Slogan).

Medani P. Bhandari, Shvindina Hanna