Poverty and Inequality Table

In this post I will examine the causes and causes of inequality and poverty in developed and developing countries.

	Developed Countries	Developing Countries
Causes of Poverty	Debt Poverty trap Lack of government support Decline in manufacturing sector - structural issues Lack of availability of suitable loans	Subsistence farming Corrupt government Poor healthcare and infrastructure Lack of technological development
Causes of Inequality	Difference in wages and salaries - skills, discrimination and location Unemployment and retirement Ownership of financial assets Tax systems Inheritance	Overcrowding in cities - urban sprawl Corruption NGOs which specifically target individual groups such as women and children Exploitation Access to credit institutions
Consequences of Poverty	Crime Constraint on growth - C Poor standards of living Unable to receive a decent education	Savings gap issues Subsistence farming Constraint on growth Poor health and standards of living
Consequences of Inequality	Constraints of growth - Capital flight and low marginal propensity to save (MPS) Increase in M - constraint on growth Social consequences like anti social behavior Crime	Constraint on growth  Exploitation Social issues like rich people having to own helipads Crime