Reducing Inequalities

Reducing Inequalities

 SDGS goal 10 advocates for reduction of inequality in the world.

This goal aims to empower and promote the social, economic and political inclusion of everyone irre

spective of age, sex, disability, race, ethnicity, origin, religion or economic or other status.

 It hopes to progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average by 2030. A laudable feat. 

Topmost in the agenda is to ensure equal opportunity and reduce inequalities of outcome, including by eliminating discriminatory laws, policies and practices and promoting appropriate legislation, policies and action in this regard.

Also, adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality generally.

 It also aims to improve the regulation and monitoring of global financial markets and institutions and strengthen the implementation of such regulations amongst others.

Ensure enhanced representation and voice for developing countries in global international economic and financial institutions and decision making  so as to deliver more effective, credible, accountable and legitimate institutions.

This is alongside Alachieving orderly, safe, regular and responsible migration and mobility of people, including through the implementation of planned and well-structured migration policies.

Implement the principle of differential and special treatment for developing countries, in particular, least developed countries, in accordance with World Trade Organization agreements.

Encourage official development assistance and financial flows, including foreign direct investment, to nations where the need is greatest and in particular least developed countries, African countries, small island developing States and landlocked developing countries, in accordance with their national plans and programmes.

In addition, this means that by 2030, it intends to reduce to less than 3 per cent the transaction costs of migrant remittances and eliminate remittance corridors with costs higher than 5 per cent. 

Statistical Analysis

From 1988 and 2008, the wealthiest 5 per cent of people captured 44 per cent of global income, while little changed for the poorest.

Well, In the words of Jana Mustafa: "Disability should not stop anyone from starting over". Not at all.