Goal 10: Reduced inequalities
It is well documented that income inequality is on the rise, with the richest 10 percent earning up to 40 percent of total global income. The poorest 10 percent earn only between 2 percent and 7 percent of total global income. In developing countries, inequality has increased by 11 percent if we consider the growth of population. These widening disparities require the adoption of sound policies to empower the bottom percentile of income earners, and promote economic inclusion of all regardless of sex, race or ethnicity.
The Arab region suffers an average loss of 24.9 percent when the Human Development Index is adjusted for inequalities, which is above the world average loss of 22.9 percent. This is loss in human development is mainly driven by inequality in education and to a lower extent by income (17 and health inequality. Inequality is widest in the education component of the inequality-adjusted HDI (about 38 percent) and less severe in income component (17 percent). The Arab region also has the second highest ratio of rural to urban poverty (3.5) among all developing regions.
Income inequality is a global problem that requires global solutions. This involves improving the regulation and monitoring of financial markets and institutions, encouraging development assistance and foreign direct investment to regions where the need is greatest. Facilitating the safe migration and mobility of people is also key to bridging the widening divide.
In Lebanon inequalities are most evident between the Beirut and the rest of the country. Due to the criteria used for allocating funding to municipalities from a central fund, municipalities have an unequal financial basis for servicing their community, and particularly municipalities in rural areas face financial challenges.
Did you know…
…that the richest 20% in Lebanon account for 40% of all consumption, five times higher than the poorest 20%?
…that Lebanon does not have a civil code regulating personal status matters and thus does not guarantee equal treatment for all, but rather has 15 separate personal status laws that are linked to religious sects?
…that the 244 most vulnerable municipalities are hosting 87% of all displaced persons from Syria?v