Arab region caught in an inequality trap
The region is caught in an inequality trap, argue ESCWA and the Economic Research Forum (ERF) in their new report titled “Rethinking Inequality in Arab Countries”, which was launched in Beirut on 16 December.
The report, an outcome of the largest research project on inequality in Arab countries to date, shows that the region has achieved significant human capital gains. However, these gains were not closely matched with a decline in inequality of opportunities.
The report recommends capitalizing on young people and improving policies to effectively target the disadvantaged, and reduce poverty and inequality, while simultaneously ensuring a competitive thriving economy. All this would foster political stability, increase economic growth and enhance human development.
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