💡When it comes to Reducing Inequalities among countries, here are some important points to consider:
✳The gap between rich and poor keeps widening.
✳Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind.
✳This long-run increase in income inequality not only raises social and political concerns, but also economic ones.
✳Lower income people have been prevented from realizing their human capital potential, which is bad for the economy.