Over the past two decades, household wealth holdings in the Arab region have risen faster than the global average, but wealth gaps between those living in poverty and the rich have also grown. Since the uprisings of 2011, the trends in the region have furthered wealth inequality. Low-income countries (LICs) in the Arab region, some of which are affected by recurring conflict and other natural and man-made crises, are increasingly falling behind wealthier countries in the region and worldwide in household wealth holdings. Wealth inequality surged among LICs, while it increased at a more moderate rate among middle-income countries and experienced a decline among high-income countries. Looking forward, the top regional priority on the path to poverty and inequality alleviation is the implementation of strategies that will enable economic recovery and inclusive growth, especially in LICs and in conflict-affected countries. This calls for ushering in lasting peace, implementing reforms for economic and political stability, and strengthening governance.

To read the full article: click here

Comments are closed, but trackbacks and pingbacks are open.