INCOME INEQUALITY IN AFRICA - CURRENT ISSUES AND PERSPECTIVES
Julia Dobreva
Pages: 154-162
Published: 8 Oct 2022
Views: 395
Downloads: 39
Abstract: Income inequality in Africa is high and it is growing in recent years. There are various reasons behind this trend and they cannot be limited only to historical context and the changing economic environment. Inequality in Africa has a much more complex characteristics and it is due to a number of factors, including political instability, malfunctioning of institutions as well as climate change. This can be fur- ther observed as the most unequal regions in Africa are those of Central and Southern Africa, or the commonly referred to as the Sub-Saharan region. One of the main reasons for inequality in Africa is the presence of sectoral imbalances, i.e. the prevalence of the agricultural sector. Another main reason for inequality is the institutional weakness and the negative experience of malfunctioning and extractive institutions. In order to overcome these negative tendencies, the institutions should be reformed and particular attention should be paid to reforms in taxation, public spending and job regulation.
Keywords: inequality, economic growth, institutions
Cite this article: Julia Dobreva. INCOME INEQUALITY IN AFRICA - CURRENT ISSUES AND PERSPECTIVES. Journal of International Scientific Publications: Economy & Business 16, 154-162 (2022). https://www.scientific-publications.net/en/article/1002427/
Back to the contents of the volume
© 2025 The Author(s). This is an open access article distributed under the terms of the
Creative Commons Attribution License https://creativecommons.org/licenses/by/4.0/, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. This permission does not cover any third party copyrighted material which may appear in the work requested.
Disclaimer: The Publisher and/or the editor(s) are not responsible for the statements, opinions, and data contained in any published works. These are solely the views of the individual author(s) and contributor(s). The Publisher and/or the editor(s) disclaim any liability for injury to individuals or property arising from the ideas, methods, instructions, or products mentioned in the content.
