why it is important to have an equitable global distribution of wealth
Answers
It is important to have an equitable global distribution of wealth because of fallowing reasons :
1. It will promote economic growth and development as more people and nations get the opportunity to invest and produce more.
2. It will bring balance on the globe as more than half of world wealth is controlled by few rich countries.
3. Due to un-equitable global distribution of wealth, the people in poor countries suffered a lot. It also leads to population explosion, migration and refugees.
4. Unequal distribution of wealth have a bad impact on rich counties. They people therein become lethargic and develop obesity and there is loss of empathy among them.
5. Unequal distribution of wealth provided countries to make nuclear and deadly weapons which are destructive for mankind.