Abstract
The top priority for a far-sighted developing society in the current global interconnected world is addressing the issues of poverty and economic inequality. Economic inequality has been a common threat throughout the history of mankind and particularly occurs in contemporary societies as the obstacle to sustainable global development. The important role of smart governance and partnership between corporations, international institutions, and state authorities toward resolution of the negative externalities of the liberal market economy is considered to be implemented through the countries’ transformation into the socially oriented market economy, enabling both economic growth and social progress.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Bibliography
An Overview of Growing Income Inequalities in OECD Countries: Main Findings. (2011). Divided we stand: Why inequality keeps growing (p. 41). Paris: OECD Publishing. http://www.oecd.org/els/soc/49499779.pdf. Accessed 7 Oct 2015.
Barzilai, G. (2003). Communities and law: Politics and cultures of legal identities. Ann Arbor: The University of Michigan Press.
Bermeo, N. (2009). Theorizing poverty, inequality, and democracy (NDRI conference on “poverty, inequality, and democracy”). Journal of Democracy, 20(4), 7.
Coleman, J. S. (1986a). Social theory, social research, and a theory of action. American Journal of Sociology, 91, 1309–1335.
Coleman, J. S. (1986b). Individual interests and collective action. Cambridge: Cambridge University Press.
Coleman, J. S. (1987). Norms as social capital. In R. Gerard & B. Peter (Eds.), Economic imperialism (pp. 133–155). New York: Paragon.
DeNavas-Walt, C. (2012). Income, poverty, and health insurance coverage in the United States: Current population reports. Washington, DC: U.S. Census Bureau 2013. – 77 c. http://www.census.gov/prod/2013pubs/p60-245.pdf. Date of access 12 Mar 2015.
Doğan, S. (2009). Income inequality, poverty, and growth in transition economies: The case of Kyrgyzstan. Journal of Qafqaz University, 26, 90.
Economic inequality in Ukraine. http://real-economy.com.ua/publication/22/9737.html. Date of access 07 Feb 2014.
Else, L., & Turkle, S. (2006, September 20). Living online: I’ll have to ask my friends. New Scientist, 2569 (interview).
Facts on World Hunger and Poverty, April 19, 2010. http://www.heartsandminds.org/poverty/hungerfacts.htm. Date of access 12 Feb 2012.
Festinger, L., Schachter, S., & Back, K. (1963). Social pressures in informal groups: a study of human factors in housing. Stanford: Stanford University Press. (Original work published by Stanford University Press, 1950)
Galbraith, J. K. (1961). The great crash (p. 20). London: Penguin Books.
Gini Coefficient World CIA Report. (2009). https://www.cia.gov/library/publications/the-world-factbook/fields/2172.html. Date of access 07 May 2012.
Granovetter, M. (1985). Economic action, social structure, and embeddedness. American Journal of Sociology, 91, 481–510.
Guriev, S., & Rachinsky, A. (2004). Russian oligarchs: A quantitative assessment. Beyond Transition, 15(1), 4–5.
Harjes, T. (2007a) Globalization and income inequality: A European perspective. Washington: IMF Working Paper, WP/07/169
Harjes, T.(2007b, July 10). Globalization and income inequality: A European perspective (IMF Working Papers), pp. 1–15.
Jones, G., Ravid, G., & Rafaeli, S. (2004). Information overload and the message dynamics of online interaction spaces: A theoretical model and empirical exploration. Information Systems Research, 15(2), 194–210.
Kim, A. J. (2004, January 24). Emergent purpose. Musings of a Social Architect. Retrieved April 4, 2006
Krugman vs. Stiglitz on what’s holding back the recovery. http://www.bbc.com/news/business-25035267. Date of access: 07 October 2015
Kuznets, S. (1955). Economic growth and income inequality. The American Economic Review, 45(1), 131.
Milanovic, B. (1998). Explaining the increase in inequality during the transition. Washington, DC: World Bank.
Milanovic, B. (2006). Global income inequality: What it is and why it matters (Policy Research Working Paper Series 3865; p. 25). Washington, DC: Policy Research Department, The World Bank.
Mitra, P., & Yemtsov, R. (2006). Increasing inequality in transition economies: Is there more to come? (Policy Research Working Paper Series 4007; pp. 11–15). The World Bank.
Mussel, G. (2000). Volkswirtschaft (p. 53). Campus Verlag.
Robert, C. (2013). It’s economic inequality stupid what to do about the biggest crisis facing America. http://www.huffingtonpost.com/robert-creamer/its-economic-inequality-s_b_4273787.html. Date of access 07 Feb 2014.
Shadow Economy. (2015). http://ua.interfax.com.ua/news/general/283877.html. Date of access 07 Oct 2015.
Terry, W., Orsolya, L., Holly, S., & György, T. I. (2009). European inequalities: Social inclusion and income distribution in the European Union (p. 214). Budapest: TÁRKI Social Research Institute Inc.
The Economist: Stagnation for everyone, http://www.economist.com/blogs/freeexchange/2013/09/incomes (date of access: 07 October 2015)
The FT Review of Business Books, September 26, 1991, p. 2.
The perspective of new growth theories (1615–1660). Journal of Economic Literature, 37(4), 40
Wang, C., Caminada, K., & Goudswaard, K. (2012). The redistributive effect of social transfer programs and taxes: A decomposition across countries. International Social Security Review, 65(3), 27.
Ward, T., Lelkes, O., Sutherland, H., & Tóth, I. G. (2009). European inequalities: Social inclusion and income distribution in the European Union (p. 214). Budapest: TÁRKI Social Research Institute Inc.
World Bank. (2009). World Development Indicators. http://data.worldbank.org/indicator. Date of accessed 07 May 2012.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2016 Springer International Publishing Switzerland
About this chapter
Cite this chapter
Shtybel, U., Artemenko, E. (2016). Economic Inequality as an Obstacle to Development. In: Coutinho de Arruda, M., Rok, B. (eds) Understanding Ethics and Responsibilities in a Globalizing World. The International Society of Business, Economics, and Ethics Book Series, vol 5. Springer, Cham. https://doi.org/10.1007/978-3-319-23081-8_12
Download citation
DOI: https://doi.org/10.1007/978-3-319-23081-8_12
Publisher Name: Springer, Cham
Print ISBN: 978-3-319-23080-1
Online ISBN: 978-3-319-23081-8
eBook Packages: Religion and PhilosophyPhilosophy and Religion (R0)