25 Most Unequal Countries with the Worst Income Equality (Gini Coefficient) in the World

“If you look at the distribution of wealth worldwide, it is evident that it is not exactly the paradigm of equality and equity. Anyone who is following stories the media generates is aware that there are huge disparities in economic opportunities. When the expression “world hunger” is used, a majority of us first think of African children. On the other hand, the word “luxury” draws the images of Los Angeles, Abu Dhabi, and London in our minds. However, unequal income distribution is not only inherent to the world as a whole, but also to each and every country. Perhaps the best example of wealth gap lies in that viral image of Brazilian city which shows slums, also known as favelas, on one side of the wall and luxury apartments on the other. One community lives in proximity to other, with just a thin wall between them, yet they could not be farther apart.”

The above text is an excerpt from the article on 25 most unequal countries with the worst income equality (Gini coefficient) in the world published on Insider Monkey not that long ago. The article focuses on one of the most prevalent drawbacks of neoliberal capitalism – generating societal inequalities. I would go so far to assert that this has become its dominant trait. The current setup characterized by two extremes – the very poor and the very rich – makes me think that middle class is on its way to becoming extinct. This is not visible only globally, but also in respective countries. The author uses the data on Gini coefficient values worldwide provided by the CIA, the OECD and the UNDP to see which countries have the worst income equality in the world. Most of the countries on the list are also characterized as being among the poorest in the world. To see which countries have the worst wealth distribution, check out the article.

*

*

Top

Warren Buffett's Best Picks

Warren Buffett's these stock picks will crush the market over the next 12 months. Get our report FREE by becoming a member now