Inequalities and COVID-19 crisis. Can we continue in the same way?
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Published:
Oct 8, 2021
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Inequalities income wealth globalization COVID-19
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Abstract
In a short period of forty years, the world has changed its physiognomy. The rapid economic growth of several Asian countries in the last few decades has significantly contributed to the reduction of global inequality. According to UN data [1], the world's poverty rate has halved since 2000. However, although inequality has diminished on a global scale, there has been an increase in inequality within states themselves and a deterioration in living standards in Western democracies. The middle, and especially the lower middle class of these countries, although among the best positioned groups in the world, was affected by weak economic growth, stagnant incomes, and high polarization in society at the national level. In all of this, the outbreak of the Covid-19 epidemics, initially qualified as a "great equalizer" of world inequalities, has shown that the virus, while not discriminating towards race or gender, deepens pre-existing imbalances in the distribution of world wealth and other inequalities.
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Čabrilo Blagojević, L. . (2021). Inequalities and COVID-19 crisis. Can we continue in the same way?. National Interest, 2(5), 24–37. Retrieved from https://sc01.tci-thaijo.org/index.php/NIT/article/view/240124
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Découverte, 2019. (Originally published under the title Global Inequality. A New Approach for the
Age of Globalization by The Belknap press of Harvard University Press in 2016).
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UC Berkeley 2015).
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[7] R. Tumlinson, “Billionaires and Space – The Right Race (op-ed), ” SPACE.com, July 10th, 2021. [Online]. Available: https://www.space.com/billionaires-space-race-real-impact-op-ed [Accessed August 30, 2021].
[8] A. Cherif, “Fiscalité du numérique : la "taxe Gafa" divise l'Union européenne, ” La Tribune, June 1, 2018.
[9] S. Kuznets, “Economic growth and Income Inequality, ”American Economic Review, no45.
[10] F. Engels ,Condition of the Working Class in England. 1845. [Online]. Available: https://www.marxists.org/archive/marx/works/download/pdf/condition-working-class-england.pdf [Accessed August 30, 2021].
[11] B. Milanovic, “Global Inequality of Opportunity: How Much of Our Income is Determined by Where We Live,” Review of Economics and Statistics, 97 (2), pp. 452-460.
[12] Ch. Lakner and B. A. Atkinson,Wages, Capital and Top Incomes: The Factor Income Composition of Top Incomes in the USA, 1960-2005.2014 [Online]. Available: http://www.ecineq.org/ecineq_lux15/FILESx2015/CR2/p196.pdf [Accessed August 30, 2021].
[13] J. Greenwood, N. Guner, G. Kocharkov and C. Santos, “Marry Your Like: Assortative Mating and Income Inequality, ”American Economic Review, 104 (5), pp. 348-353,May 2014
[14] R. Van der Weide andB. Milanovic, “ Inequality Is Bad for the Growth of the Poor (But Not for That of the Rich), ”World Bank Working Paper, No°6963, July 2014. [Online]. Available: http://elibrary.worldbank.org/doi/pdf/10.1596/1813-9450-6963 [Accessed August 30, 2021].
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[17] Crédit Suisse Research Institute, The Global Wealth Report 2020, October 2020.
[18] T. Beer, “The Net Worth Of America's 600-Plus Billionaires Has Increased By More Than $400 Billion During The Pandemic,” Forbes Magazine, May 21, 2020.
[19] ILO: COVID-19 and the world of work. ILO Monitor. Second edition., 7 April 2020. [Online]. Available:https://www.ilo.org/wcmsp5/groups/public/@dgreports/@dcomm/documents/briefingnote/wcms_740877.pdf [Accessed August 30, 2021].
[20] OECD, “COVID-19 is causing activity to collapse and unemployment to soar,” OECD Employment Outlook 2020.
[21] OECD, “Policy Responses to Coronavirus (COVID-19): Women at the core of the fight against COVID-19 crisis,” Version 1st April 2020. [Online]. Available: https://www.oecd.org/coronavirus/policy-responses/women-at-the-core-of-the-fight-against-covid-19-crisis-553a8269/ [Accessed August 30, 2021].
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[26] Food Foundation (UK), A crisis within a crisis: The Impact of Covid-19 on Household, Insights from Food Foundation Surveys on how the Pandemic has Affected Food Access in the UK (March 2020 to January 2021). [Online]. Available: https://foodfoundation.org.uk/wp-content/uploads/2021/03/FF_Impact-of-Covid_FINAL.pdf [Accessed August 30, 2021].
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[29] F. H. G. Ferreira,Inequality in the Time of Covid-19. IMF Publication, Summer 2021. [Online]. Available: https://www.imf.org/external/pubs/ft/fandd/2021/06/inequality-and-covid-19-ferreira.htm [Accessed August 30, 2021].
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[32] M. Vignaud, “Coronavirus – Pascal Lamy : «Je ne crois pas à la déglobalisation», ”Le Point, 19/03/2020. [Online]. Available: https://www.lepoint.fr/economie/coronavirus-pascal-lamy-je-ne-crois-pas-a-la-deglobalisation-19-03-2020-2367904_28.php [Accessed August 30, 2021].
[33] M. Guyot and R. Vranceanu, “A quoi va ressembler le monde d'après Covid-19 ?, La Tribune, 09 July 2021. [Online]. Available: https://www.latribune.fr/opinions/tribunes/a-quoi-va-ressembler-le-monde-d-apres-covid19-888177.html [Accessed August 30, 2021].
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[35] Cirad, “Covid-19. Imaginer un «monde d’après» en temps de crise : un pari qui ne prend pas de risque…, ”Communiqué de presse, March 22nd 2021. [Online]. Available: https://www.cirad.fr/espace-presse/communiques-de-presse/2021/prospective-monde-apres-covid [Accessed August 30, 2021].