Economics

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What explains the divide between rich and poor?

Level:: AS, A Level, IB

Board:: AQA, Edexcel, OCR, IB, Eduqas, WJEC

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The scale and depth of inequalities in income and wealth is one of the most important issues facing policy-makers in many countries across the world.

To what extent does a capitalist system lead to widening inequalities? What role does luck play in determining the final distribution of income? How effective are government interventions designed to change income distribution and reduce the gap between rich and poor?

What explains the stark and persistent divide between rich and poor?

Here are some resources that might be useful in exploring this topic.

You can find the inequality data used in compiling the Human Development Index by clicking here. The latest data covers the years 2000-2017.

More sources of inequality data:

Our World in Data

World Inequality Database

Guardian (Inequality index: where are the world's most unequal countries?)

Tutor2u's collection of study resources on poverty and inequality can be found here - as new resources are added, this collection is automatically updated.

If you want a really strong visual sense of the chasm in incomes within urban environments in a number of developing / emerging countries, then this TED talk by Jonny Miller is stunning.