Inequality and Development

Inequality and development in developmental economics focus on how uneven distribution of resources and opportunities affects a country's growth and prosperity. High inequality can hinder development by limiting access to education, healthcare, and jobs for disadvantaged groups, which in turn stifles overall economic progress. When everyone has a fair chance to succeed, innovation and productivity increase, benefiting society as a whole. Therefore, addressing inequality is crucial for sustainable development, as it ensures that all individuals can contribute to and share in economic growth, leading to a more stable and prosperous society.