Income distribution impacts development outcomes from "summary" of Economic Development by Michael P. Todaro,Stephen C. Smith
Income distribution has a significant influence on the development outcomes of a country. When income is unequally distributed among the population, it can lead to social unrest, instability, and even hinder economic growth. Disparities in income can create a sense of injustice and inequality, which may result in conflicts and protests, ultimately affecting the overall development of a nation. The distribution of income also affects the access to basic necessities such as education, healthcare, and housing. In societies where income is concentrated in the hands of a few, the majority of the population may not have the means to afford these essential services. This can perpetuate a cycle of poverty and limit opportunities for social mobility, further widening the gap between the rich and the poor. Moreover, unequal income distribution can impact the effectiveness of government policies and programs aimed at promoting development. When resources are concentrated in the hands of a small elite, they may...
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