Bridging the Gap: Globalization, Income Inequality, and the Quest for Equitable Solutions
This article explores the relationship between globalization and income inequality. It discusses how technology and digital communication have contributed to the increasing demand for highly skilled workers, leading to a widening income gap. Globalization can also lead to job insecurity and fluctuations in the job market. The article suggests policy measures to address income inequality, such as progressive taxation, education and skills training, labour market policies, inclusive growth policies, digital inclusion policies, and international cooperation. It also highlights how globalization has affected wealth distribution within and between countries, concentrating wealth in specific regions and classes. The article concludes by emphasizing the need for equitable solutions to income inequality in the era of globalization.
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