State the economic inequalities in democratic countries like South Africa and Brazil.
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South Africa and Brazil are among the countries in the world with the greatest degree of economic inequality. Both have people with enormous wealth who stand in sharp contrast to a large part of the population living in poverty and extreme poverty.
In the GINI co-efficient, an economic formula that expresses income inequality, South Africa and Brazil historically have “competed” for the highest index (most unequal) economy in the world.
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