The United Nations Sustainable Development Goal that we chose is Reduced Inequalities. Inequalities are increasingly evident as shown with the wealthiest 10 percent earning up to 40 percent of total global income and the poorest earning only between 2 to 7 percent. Inequalities and large disparities regarding access to health and education services are most obvious in third-world, landlocked developing countries and small island developing states. With a goal for countries to thrive and succeed, factors like gender, race, religious beliefs and economic status must be overlooked because inequalities lead to financial and social segregation. Fortunately, income inequality has been reduced in and between countries and the per capita income is increasing faster than national average for 60 out to 94 countries.
To solve this issue, approaches must be universal in principal, focusing on the needs of disadvantaged and marginalised population. There ought to be an increase in duty-free treatments and continuation of favouring exports from developing countries, in addition to increasing the share of developing countries’ vote in IMF. Regulations need to be improved with financial markets and institutions monitored, while at the same time encouraging development assistance. Facilitating safe migration and mobility of people is vital to bridge the widening gap as economic growth is not sufficient to reduce poverty because three dimensions of sustainable development – economic, social and environmental are excluded.