Income Inequality In The Developing World

Satisfactory Essays
Between 1990 and 2005, the rate of poverty in the developing world dropped from 46% to 26%, with the majority of developing nations continuing in this trend today (United Nations Summit, 2010). However, statistics show that approximately 920 million individuals currently live on a daily sum of less than USD $1.25 per day (ibid.). It is evident, therefore, that income inequality continues to exist, prompting the demand to further build the economy and better serve those in poverty through a greater focus on sustainable development.
Get Access