A Perspective on the Concept of Economic Inequality in the 21st Century

Abstract

This article aims to make an analysis on how the new reconfiguration of the global economic order, where the EU is one of the three main actors, most likely based on strong protectionist tendencies, affects the EU's ability to support more intense national economic policies and stricter rules aimed at reducing economic and social disparities. Our analytical study, one with an interdisciplinary character because, although the investigated aspects fit mainly in the economic sphere, they also have important and relevant connections with the field of international relations, follows four directions of investigation on opinions projected around the issue of economic inequality and its measurement. At the same time, the ideas around which we have built this material come to certify the already expressed views of economists that the reduction of major economic inequalities is not achieved strictly by economic measures but through a combination of factors, such as political and social programs or diplomacy. Also, our analysis brings to the foreground one of the most used instruments of measuring economic inequality, the Gini Coefficient. A series of conclusions resulted from this segment of our research, based on the interpretation of recent official statistics and data regarding economic inequality measured within the EU, illustrate the advantages and disadvantages of measuring such complex economic phenomena and what are the dangers that economists face when assigning certain figures to countries on the globe.

Authors and Affiliations

Diana Georgiana Bucătar,

Keywords

Related Articles

Investigating the Role of Electronic Banking Services in Improving Social Welfare (Customers of Melli Bank of Iran In Ahwaz Metropolis)

The development of IT and e-business has affected all industries and the emergence of e-commerce in banks has been more than all. Nowadays, banks are trying to increase satisfaction and trust customers by delivering Valu...

Economic Variables as an Early Warning Sign for Monitoring Construction Cost Indices – “An Empirical Study on Egypt”

The construction industry plays a crucial role in any nation's economic growth and prosperity through the implementation of the SDGs. Researchers reveal that the 17 SDGs are directly dependent by 17% and indirectly relia...

Performing Management in School Organizations and Entrepreneurship

In the specialized literature there is no unitary opinion regarding the definition of efficient management and managerial performance. For the managers of the Romanian organization, subject to multiple and increasingly c...

Measuring and Improving Service Quality in The Context of a Higher Educational Institution: Human Science Students’ Perceptions at Sariputta College, Muse, Northern Shan State, Myanmar

The main purpose of this research is to determine the current situation of the five SERVQUAL dimensions of service quality instrumentation: tangibles, reliability, responsiveness, assurance, and empathy. These dimensions...

Digital Business Strategy’s Optimisation Model for Differential Value Creation in the Digital Age

In the age where every firm is digitizing, it is no longer digitisation that leverages a firm’s competitive edge. Instead, it is the know-how of digital business strategy’s optimisation which is increasingly turning into...

Download PDF file
  • EP ID EP745342
  • DOI https://doi.org/10.33422/ijarme.v2i3.269
  • Views 47
  • Downloads 0

How To Cite

Diana Georgiana Bucătar, (2020). A Perspective on the Concept of Economic Inequality in the 21st Century. International Journal of Applied Research in Management and Economics, 2(3), -. https://europub.co.uk/articles/-A-745342