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10.5: Conclusion

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  • It is one of the major conundrums of our world that poverty still exists amidst extreme and growing wealth. Today, the richest 1 per cent of the world’s population hold half the world’s wealth. In contrast, the bottom 80 per cent owns just 5.5 per cent. What is worse, statistics like this seem to be getting worse over time with regard to inequality and wealth distribution. It seems that while economic processes have helped lift many out of poverty, they have largely failed to mitigate income and wealth inequality. This result poses serious moral and ethical questions. What cannot be disputed is that the interdependence of our economies is best accompanied by an equal measure of ethical concern. That is, we owe each and every person a debt of responsibility for the actions we take and the policies we promote within our own states. Hopefully the recognition of this, perhaps best marked out by the United Nations 2015 Sustainable Development Goals, will lead to a more just world in the years ahead.