How Global Inequalities Have Evolved Over The Past Two Centuries
This essay explores how global inequalities have evolved over the past two centuries and is acting as a major impediment to sustainable social development. Focusing mainly on the rise of global income inequalities, which is the total amount of inequality that exists within and between countries. This whole phenomenon is leading to an uneven growth in certain parts of the world after the era of globalization and lack of financial inclusion in the developing nations. Since the level of income has been growing in the OECD nations, the Sub Saharan and Asian nations have been way behind, which has caused a dramatic economic gap between countries.
According to Midgley (1995) social development offers a comprehensive macro-perspective that focuses on communities and societies; emphasises planned intervention, promotes a dynamic change-oriented approach which is inclusive and universalistic, and above all seeks to harmonise social interventions and economic development efforts.Hence,social development is central to the needs and aspirations of people throughout the world and to the responsibilities of Governments and all sectors of civil society; affirmed that, in both economic and social terms, the most productive policies and investments are those that empower people to maximise their capacities, resources and opportunities.
The development agenda post 2015 recognized the detrimental and unfavorable effects that global inequalities have on sustainable social…