The OECD ranked the countries in terms of the gap between the poor and the rich. Let's note, experts have agreed that inequality between the poor and the rich leads to a decrease in the social stability of society, and also slows the development of the economy in the country.
The first line of the rating is given to Chile. Analysts note that the main reason for the difficult situation is the problem with the labor market. One in three staff member in OECD countries today works part-time.
The second place is taken by another country in Latin America – Mexico. Representatives of OECD note that 40 years ago, the difference in income between the same percentage of the poor and rich population was 7, ten years ago – 9. Today, this figure stopped at 9.6.
Turkey is among the top three countries with the highest income inequality. Angel Gurria, representative of the OECD, announced that the situation had reached a critical point. Gurria calls on the authorities of the member countries of the organization to take action that should affect both social and economic motives.
The USA came in fourth place. It is strange but true that only in Chile, Mexico and Turkey the gap between poor and rich people is higher. Israel, Great Britain, Greece, Estonia, Portugal and Japan close the top ten. By the way, Denmark, Slovenia, Slovakia and Norway have shown the best results – in these countries there is the least social inequality. Let's note, Russia does not cooperate with OECD.
It is important that inequality tends to increase. As the experts note that this happens not only during periods of prosperity, but also during crises. The rich take advantage of the economic growth. Over the past 20 years, about half of the residents from the OECD countries have not earned anything on the economic boom.
Economic inequality remains one of the most pressing issues in today's world. To measure the gap between the rich and the poor in each country, the Gini index is used. This coefficient reflects how income is distributed within a society: the closer the index is to 100, the greater the inequality. Let's explore which countries currently have the highest Gini index values
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Analytical periodical US News and World Report has presented its ranking of the best countries in the world in terms of quality of life, based on a survey of nearly 17,000 people. The list considers factors such as economic and political stability, a strong labor market, income equality, family-friendliness, safety, the quality of education, and healthcare systems. Let's find out which countries made it to the top of this list.
