Poverty and Inequality
While issues of resource allocation are important as regards to economic growth, how income is distributed among the people is also a matter of concern. In particular, following the period of the Millennium Development Goals (MDGs) which ended in 2015, the UN has now adopted a new set of agenda called the “Sustainable Development Goals (SDGs)” to be achieved during the years 2015–2030, specifically aiming to end poverty, protect the planet and ensure prosperity for all as part of a new development initiative. Each of the 17 goals adopted identifies a specific target to be achieved over the next 15 years. While the UN expects everyone including governments, the private sector and civil society to play their part in achieving these goals, there is a particular pressure on the governments of developing countries, especially those with high levels of poverty, to deal seriously with the issues of poverty and income distribution.
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