Navigating Global Poverty in the midst of Rising Income Inequality: A Human Security Approach
description: From the dawn of civilization, poverty has been a predominant concern. Among them, the post-Second World War welfare state policies and economic development had a significant effect. Scientific and technological advancements and economic growth increased the GDP of almost all countries. However, it also widened the gap between the rich and the poor. This became evident with neoliberalism, privatization, and deregulation of the economy. The private assets increased enormously, losing the public sector's control over the economic interactions. As a result, income and wealth inequality increased rapidly. The World Inequality Report (2022) affirms the massive concentration of income and wealth in the hands of a few individuals. It adversely affects poverty alleviation strategies as poverty increases along with the rising income inequality. The World Bank (2024) affirms this precarious situation. From this perspective, this chapter examines the significance of the human security approach in addressing these human insecurities. 2026, IGI Global Scientific Publishing. All rights reserved.
creator: Joseph, Jipson; Mishra, Achyutananda
source: Income Inequality and Financial Inclusion Initiatives in a Global Context;pp.33-59
publisher: IGI Global
date: 01-01-2025
rights: Restricted Access; Hardcopy may be available in the library
relation: ISBN: 979-833737362-1; 979-833737360-7;
language: English
type: Book chapter
coverage: Joseph J., Christ University, India; Mishra A., Christ University, India