Sustainable Development Goal 10

REDUCING INEQUALITY WITHIN AND BETWEEN COUNTRIES

Inequality manifests itself in many facets around the world. Wealth is unequally distributed: More than one-third of the world’s wealth belongs to one percent of the richest people. The rest is divided unequally among the 99 percent of people. Many people are affected by poverty, have no access to education, health care and social and economic participation. This inequality exists both within states, but also between different states. Although global inequality between countries has narrowed due to growth in many Asian countries, disparities remain large. Domestic inequality has actually increased in most countries. Great inequality endangers the cohesion of societies, is a cause of social tensions and migration, and jeopardizes economic development. Reducing excessive inequality strengthens the social cohesion of a society, awakens a willingness to perform, promotes innovative capacity, contributes to sustainable economic growth and can reduce the potential for migration. Inequality exists everywhere in the world.
In the euro zone, for example, and thus in a region of prosperity, the richest ten percent of the population still own around half of the total wealth. It is also evident globally that non-cis males are usually affected by inequalities to a significantly greater extent compared to males.

What are the sub-goals?

How is the goal to be achieved?

SDG 10 is to be achieved through various measures. Among other things, the principle of special and differential treatment for developing countries is to be applied in accordance with World Trade Organization agreements. Public development assistance and financial flows should go where the need is greatest. By 2030, the transaction costs for migrants’ remittances should be reduced to less than 3 percent and remittance corridors with costs above 5 percent should generally be eliminated.

More info on SDG 10 | Lecture Series of the Virtual Academy Sustainability