Ongoing conflict in Yemen has reversed progress and magnified existing equality gaps. The economic gains of war benefit an elite few, while increasing the strain on the vast majority, whose incomes and share of gross domestic product have decreased by almost 60 per cent.
Income inequality is a global challenge that demands global solutions. It involves improving the regulation and monitoring of financial markets and institutions, encouraging development assistance and foreign direct investment to regions where the need is greatest, while facilitating the safe migration and mobility of people. Reducing this widening disparity will require policies that empower the bottom percentile of income earners, and promote economic inclusion of all – regardless of their gender, race or ethnicity.