Rich OECD nations occupy top positions on the Commitment to Reducing Inequality (CRI) Index released by Oxfam that assesses 157 countries based on their commitment and actions to reduce inequality.
While Denmark, Germany and Finland occupied the top three positions, Nigeria, Uzbekistan and Haiti found their places at the bottom.
The index was prepared to assess these countries’ performance in terms of social spending on essential services, taxation and labour policies. Oxfam said that there is room for improvement for almost all the countries, including those on the top.
What is your country doing to #FightInequality?
— Oxfam International (@Oxfam) October 10, 2018
Even though Denmark is at the top, the “gap between the rich and poor grew by almost 20 per cent in the last decade, while the government has systematically weakened redistributive policies meant to address this widening inequality,” Oxfam said.
Nigeria, which is at the bottom for the second consecutive year spends very low on health, education and social protection.
One in 10 children in Nigeria does not reach their fifth birthday, and more than 10 million children do not go to school. The minimum wage has not increased since 2011 and social spending has stagnated. Oxfam pointed out.
“The evidence is clear: there will be no end to extreme poverty unless governments tackle inequality and reverse recent trends. If we’re not able to reduce this gap, the World Bank predicts that by 2030 almost half a billion people will still be living in extreme poverty,” it said.