Global Inequality and Environmental Impact on the Economy
Classified in Geography
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Inequality and Development
Market failures have the worst consequences for people, such as an increase in income inequality and persistent poverty.
Global Inequalities
- Inequalities within a State: In most countries around the world, these have increased over recent years.
- Inequalities between countries: These inequalities are greater than those that occur within any country.
Underdevelopment
When we travel to a developing country, we know we are in a different country, which is poorer than ours, and we could categorize it as underdeveloped, developing, poor, or less developed.
Characteristics of the Poorest Countries
- Low income per capita: These countries have a very low per capita income.
- Strong social and income inequalities: They usually have significant