It is well documented that income inequality is on the rise, with the richest 10 percent earning up to 40 percent of total global income. The poorest 10 percent earn only between 2 percent and 7 percent of total global income. In developing countries, inequality has increased by 11 percent if we take into account the growth of population.
These widening disparities require the adoption of sound policies to empower the bottom percentile of income earners, and promote economic inclusion of all regardless of sex, race or ethnicity.
Income inequality is a global problem that requires global solutions. This involves improving the regulation and monitoring of financial markets and institutions, encouraging development assistance and foreign direct investment to regions where the need is greatest. Facilitating the safe migration and mobility of people is also key to bridging the widening divide.
Goals in action
Ukrainian civil society assesses the extent to which Ukraine has complied with human rights standards set forth by the International Convention of the Elimination of Racial Discrimination (ICERD), prepares for the Geneva review. MORE >
UNV and UNDP Ukraine have prepared a short summary of the content of the Human Development Report 2016, focusing on "Human Development for Everyone", in international and Ukrainian sign language, thanks to UN Volunteer Rupmani Chhetri and her interpreter Mariana. WATCH >