Inequality Meaning - 6 Measure to reduce Inequality in Nepal
6 Measure to reduce Inequality in Nepal
Inequality is defined as the situation in which income and wealth are distributed unevenly among the people of a country. It is also known as income inequality. It is common problem in developing countries such as Nepal, India, Bhutan, etc. A high level of economic inequality is considered socially undesirable because it creates social conflict. It is also destroying the social, political, and economically structured structure. Inequality is measured in various methods. Gini's coefficient is the famous method of measuring inequality. It ranges from 0 to 1. The value 0 represents perfect equality and value 1 represents perfect inequality. According to CBS in 2010/11, they show the Nepal Gini coefficient to 0.33. According to the survey, 2000/01, 2010/10, income inequality is gradually decreasing in Nepal.
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Measure to Reduce Inequality:
Developing countries like; Nepal, Bhutan, Pakistan, Bangladesh, etc are facing the problem of inequality. Inequality creates a situation of conflict in the country. So, the reduction of inequality is the main responsibility of the government of many countries. The main responsibility to reduce Inequality are mentioned below;
a. Creating employment opportunities: As in developing countries; Nepal, Bhutan, Pakistan, etc. There is a high rate of unemployment and underemployment. The unemployed have no income and the unemployed have very little income. It creates inequality in society. Government should take special initiatives to solve unemployment and unemployment problems. The government should promote commercial agriculture and small industries to reduce inequality in the nation.
b. Control high population growth: High population growth leads to high inequality in a nation. Therefore, controlling high population growth is essential to reduce inequality. High population growth can be controlled by providing employment opportunities for women, educating women and men about population growth, and imparting family planning knowledge to couples.
c. Infrastructure Development: The main way to reduce inequality in the nation is through infrastructure development. Development of infrastructure such as roads, highways, ports, communication, irrigation, financial institutions, etc. It can create employment opportunities for local or poor villagers and expand their local market. It increases the income of low-income groups and reduces inequality in society and the nation.
d. Agricultural development: Most of the people in developing countries are involved in agriculture. But they cannot adopt agriculture from a commercial point of view only for livelihood. The government should sensitize the farmers about the benefits of commercial agriculture and the methods of farming and how to increase the growth of agriculture. By increasing government investment in irrigation, the growth rate of agriculture can be accelerated by ensuring adequate access to credit for small farmers. This will reduce inequality.
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e. Equal access to education, health, training, and opportunities: Developing countries do not have equal access to education, health, training, and opportunities. Therefore, not all people get the same opportunity to improve their economic situation. People who can get better education and training can get better jobs with higher salaries. On the other hand, people born into poor families may not get good education and training, earn high wages, or remain unemployed. Also, it turns into inequality. It is therefore essential to provide equal access to education, health, training, and opportunities to reduce inequality.
f. Equal distribution of property or assets:
g. Control in price level:
h. Social security measure: