Poverty and Uneven Distribution of Income and Wealth: World and Armenia

Authors

  • Mariam A. Voskanyan Dr. Sci. (Econ), Associate Professor, Head of Economics and Finance Department, Russian-Armenian (Slavonic) University, Armenia, Yerevan

DOI:

https://doi.org/10.14665/1614-4007-26-2-002

Keywords:

poverty, inequality, income level, Armenia

Abstract

Today, the world has a sharp contrast, from the world of high technology to the world of starving people. The uneven distribution of income and wealth in the world is observed not only in terms of the global north-south issue, when the capital is concentrated in high-income countries, but also at the level of different segments of the population, and even individuals.
On the background of an oversupply of financial resources in the world stock exchanges, we observe a high mortality rate from hunger and diseases in countries with a low level of per capita income.
This article is devoted to the analysis and assessment of the problem of poverty and the uneven distribution of income and wealth in the framework of modern realities, as well as the example of the Armenian economy.

Published

2019-12-14

Issue

Section

Papers