Some more equal than others

Income inequality around the world

NOT everyone agrees that income inequality is a problem to be solved. America and Britain are reckoned to have among the greatest inequality, among rich countries, as measured by the Gini coefficient. Such inequality may be associated with certain problems, for example a study produced last year by Unicef, the UN children's agency, suggested that the two countries have particularly low levels of child wellbeing. For many ordinary Americans and Britons, however, social mobility and getting opportunities to prosper may be more important. Nordic countries, which are the most equal, regularly do well in happiness surveys. The highest levels of inequality are in poor countries, especially in South America and Africa.
AFP


Link: http://www.economist.com/daily/chartgallery/displaystory.cfm?story_id=12331632&fsrc=rss

Comment

Inequality is an ongoing issue, not only among Third World and First World nations. The gap between rich and poor within First World nations such as the U.S. is getting bigger and bigger as well.
What kind of appropriate actions should be taken to confront this issue? In rich countries tax progression might be one approach, but this does not work for Third World countries because of the lack of wealth. Would it be one option to use tax money of richer countries to contribute against poverty in the Third World? What is the World Trade Organization doing to address this issue?

Oezguer (Oscar).