2005News

UN report on inequality

El Caribe opinion columnist Miguel Reyes Sanchez writes about the UN report on the social situation of the world in 2005 called “The dilemma of inequality” which reveals a persistent and growing inequality in the world. This inequality is manifested in the gap between the levels of formal and informal economies, the abysmal distance between incomes of different social sectors, the differences in labor qualification, the disparity in levels of access to health, education, and opportunities for social, economic and political participation. The report states that one quarter of the world’s labor population earns less than one dollar per day. Also amazing is the fact that there are 186 million unemployed individuals in the world, a situation that has a particularly adverse effect on developing nations and fragile economies. The good news is that the Dominican Republic has an inequality index of 5.5%, one of the lowest in Latin America, and considerably low when compared to Haiti (93.7%), Guatemala (33.8%), and Peru (21.8%).