 Social Inequality in the World - the Interpretation of Not-Evident TendenciesJournal of the New Economic Association, 2016, vol. 31, issue 3, 160-170 Abstract: The inequality in the economy was different in different periods of economic development, within different political regimes, and depends on differences in the structure of society. The term is nowadays widely used - especially in political rhetoric - and almost always implies inequality of income distribution. Excessive income inequality distribution limits opportunities for economic growth of the country, for example, due to the increase in social inequality. Fluctuations in income from profits, shares, rents during crisis may temporarily reduce inequality, but the periods of prosperity naturally increase income inequality. Social inequality has a serious impact on economic growth and social stability in the country, but with a significant increase in income and consumption levels of the poor population in the XX-XXI centuries inequality in itself might not cause social unrest. Russia in the period of transformation has moved from a quasi-egalitarian society (in accordance with the parameters of inequality) to society, similar to the Latin American countries. Keywords: wealth inequality; income inequality (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2016:i:31:p:160-170 Access Statistics for this article Journal of the New Economic Association is currently edited by Victor Polterovich and Aleksandr Rubinshtein More articles in Journal of the New Economic Association from New Economic Association Contact information at EDIRC. |
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