Despite significant strides toward lifting people out of poverty, inequality persists. While income inequality has declined in many of the countries that have experienced sustained economic growth, it has increased in countries with negative growth.
Economic growth cannot reduce poverty unless it is inclusive and involves economic, social and environmental dimensions. To reduce inequality, policies need to be made that are universal, recognizing and actively breaking down barriers for disadvantaged and marginalized populations, such as rural-residing people, ethnic minorities, women, people with disabilities and indigenous people. Favoring exports equitably from developing countries and innovations in technology can also help reduce the cost of transferring money for migrant workers, who are usually sending much of their income to families back home.