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Civil G20 participants urge G20 countries leaders to pay attention to growing gap between rich and poor

June 13, 2013, 15:17 UTC+3
The growing income gap may have serious consequences - not only social and political, but also economic
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MOSCOW, June 13 (Itar-Tass) - The participants in the Civil G20 forum are concerned over the growing gap between the rich and poor, co-chair of the Russian working group of non-governmental organisations for interaction with the Group of Eight (G8) and the Group of Twenty (G20) Marina Larionova said at the first plenary meeting on Thursday.

According to her, the level of inequality is growing. “The rich population groups in the post-crisis period quickly recovered their gain opportunities, because their source (of income) is not only wages. And primarily - not wages,” she said. “And for the very poorest population groups the conditions have deteriorated.”

According to Larionova, “The growing income gap will have serious consequences - not only social and political, but also economic.” In particular, she warned, “investment attractiveness in countries with a high level of household income gap is also diminishing.”

In this connection the forum participants recommend the leaders of the G20 countries to reduce income inequality among population groups as a global development goal.

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