Reversing rising income inequality in Zambia
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Felix Mwenge Published: Wednesday, 14 September 2016 09:58 By Felix Mwenge The 2015 Living Conditions Monitoring Survey report has revealed that the gap between the rich and the poor in Zambia is widening. Zambia’s Gini coefficient now stands at 0.69 up from 0.60 in 2010; much higher than the African average of approximately 0.43. The income disparity reflects the country’s inability to distribute its economic growth fairly across the population and is officially measured by the Gini coefficient, a statistical measure of dispersion ranging from 0 to 1. A Gini coefficient of 0 depicts perfect equality and 1 captures extreme...