Banking services chronicle

Banking services chronicle

Banking services chronicle  Published this article page no  21 Increased Social Polarizations Due to stagnant or reduced social mobilities due to widening economic inequality the polarization in society increases. For India with an already fractured society over religion region gender or caste it adds another fracture point. ○ Growing income inequality may increase social segmentation. Also the safety and wellbeing of vulnerable sections gets jeopardized due to lack of quality health and education facilities.Economic Risks High economic inequalities are a drag on long term economic growth and equality of opportunities leading to risks of ○ mass poverty with higher number of young population experiencing poverty ○ reduced states ability to protect their poor and vulnerable sections and ○ increased demands for Deglobalization and Nationalization.Political Risks Economic inequalities between people lead to marginalization of segments of population in policy decisions ability to question policies and processes.  Security Risks Globally the economic inequalities lead to widening of power gap between nations enhancing risks of war among nations. E.g. the recent IndiaChina border issues.Environment Risk Economic inequalities lead to inequitable and unjust development with risks of damaging wetlands increased river pollution etc. 23 Initiatives to reduce Economic Inequality Challenges in removing economic inequalities Banking services chronicle  buy.

Banking services chronicle