Vitkovics, Réka (2023) Trends in Income Inequality and Its Impact on Economic Growth. FINANCIAL AND ECONOMIC REVIEW, 22 (4). pp. 136-159. ISSN 2415-9271
|
Text
fer-22-4-e1-vitkovics.pdf Download (460kB) | Preview |
Abstract
In recent years, climate change and the pandemic have brought the issue of the link between inequality and economic growth to the fore. In my essay, I examine this relationship, focusing on whether inequality has a positive or negative effect on economic growth. I approach the issue through the lens of income inequality without seeking to explore all aspects of inequality. Starting from the relevant conceptual framework, I present the link between global inequality and long-term growth. Since inequalities affect both developed and developing countries, I compare them and show why the latter cannot repeat the economic progress achieved by earlier industrialisers. Finally, I conclude that the clear objective should be to reduce excessive inequalities.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | social inequality, income inequality, income distribution, economic growth |
| Subjects: | H Social Sciences / társadalomtudományok > HM Sociology / társadalomkutatás |
| Depositing User: | Beáta Bavalicsné Kerekes |
| Date Deposited: | 10 Jan 2024 14:27 |
| Last Modified: | 10 Jan 2024 14:27 |
| URI: | http://real.mtak.hu/id/eprint/184363 |
Actions (login required)
 |
Edit Item |
