Global inequality: the current debate, its importance and policy recommendations

Abstract

Despite the recent popularity of the subject of global inequality in the literature, most studies focus only on the debate about the direction and magnitude of change of global inequality during the last few decades, without deliberating about the different policy recommendations needed to address it. This article aims to fill this gap in the literature by reviewing the contemporary research on global inequality with an emphasis on different policy recommendations. In order to introduce the bigger picture, the study also presents a discussion on the latest findings on the level of global inequality and why it should be considered as a significant problem for humanity.