Analysis shows globalization and education impact income inequality in both developing and developed countries, suggesting policy adaptations are needed.
The paper discusses different factors that drive income inequality. These factors include globalization, family structures, education and technological growth. This research has been created by using secondary sources and tertiary sources such as other research projects and data from regional surveys. The paper has analyzed the depth of income inequality and its root causes. Income inequality is an economical problem that started generations ago and will take many more generations to overcome. This paper also discusses the strategies countries have tried to implement in order to reduce income inequality.
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Jaiprakash Bisen (2025) studied this question.
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