Why advancements in the global economy have

Why does global inequality persist? Are international organisations part of the problem or the solution?Since the first calculations of inequality in 1980 (Milanovic 2006), global inequality has dramatically increased over the past decades highlighting an extremely disconcerting trend in the rapid increase of poverty and income inequality (Sala-i-Martin 2002).

So disconcerting is this trend, that it’s been identified as a global agenda by the UN in its 2030 agenda for sustainable development, as the 10th Sustainable Development Goal. In this essay I will discuss: inequality as a result of colonialism, inequality in relation to globalisation, the role international organisations play in this trend and what they can do, discuss what can and should be done to reverse these trends In an era of globalisation the examination of income inequality demands the use of a wider lens that looks past nation-state borders, as countries integrate deeper into global sphere inequality has inadvertently become increasingly relevant. (Mianovic 2012). World economy integration through globalised production factors have reached new heights exceeding pre-World War 1 heights. (World Economic Outlook 2007, p. 31).

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There is much debate surrounding the effects of globalisation, debate on an issue that has become polarised over the past decades. With differing schools of thoughts, one school argues in favour of globalisation and the “rising tide of income, which raises all boats. Hence, even low income groups come out as winners from globalisation in absolute terms” (World Economic Outlook, 2007, p. 31). The second school of thought asserts that despite the improvements brought about by globalisation i.

e. higher income. The benefits will not be evenly distributed amongst the globes citizens.

This become noticeable upon an inspection of one the pillars of globalisation; technology. Technological advancements in the global economy have significantly impacted income inequality particularly in developing countries, the need for higher skills to compete in such a globalised market has meant that the majority of citizens within the country are unable to compete in the job market especially in the global south exacerbates global inequality. When there are faster technological advancements contrasting a stagnating education system particularly in the global south, there then emerges a race between technology and education with global inequality rising when the advancements of the former surpass the latter. The citizens of the


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