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global inequality

Definition

Global inequality encompasses the disparities in income, wealth, and access to resources and opportunities among countries and populations worldwide. It reflects a world where some societies enjoy prosperity and high standards of living while others face poverty, poor health, and lack of access to education.

Analogy

Imagine global inequality as a game of Monopoly where players start with different amounts of money based on the country they represent. Some players begin with extensive resources allowing them to buy properties and build quickly, while others struggle to pass "Go" without going bankrupt, illustrating the uneven distribution of wealth and opportunities.

Related terms

Wealth Gap: The significant difference in financial assets and income between individuals or communities within a society or between nations.

Poverty: A condition where individuals or groups are unable to meet basic needs for food, shelter, healthcare, and education due to lack of financial resources.

Social Stratification: The hierarchical arrangement of individuals into social classes, castes, or divisions within a society based on factors like wealth, income, race, education, and power