BRIDGING ECONOMIC INEQUALITY GAP IN DEVELOPING COUNTRIES: A DIAGNOSIS OF OBSTACLES AND OPPORTUNITIES IN THE CONTEXT OF UGANDA
Purpose: Economists argue that a nation will never survive morally or economically when so few have so much, while so many have so little. In the context of Uganda where the level of economic inequality is high as revealed by the present gini coefficient of 0.42, the purpose of this paper was to explore obstacles making it difficult to bridge economic inequality in the country and the possible opportunities that could be capitalized on so as to bridge this gap.
Methodology: The study employed an extended literature review to explore the state of economic inequality in Uganda, the obstacles to dealing with the problem of economic inequality and the possible opportunities for addressing economic inequality in Uganda
Findings: Study findings show that economic inequality in Uganda is a chronically growing problem that will need more than just policies and regulations to deal with it. In this regard, political will and commitment by both the government of Uganda and its citizens are essential factors in this struggle.
Unique contribution to theory, practice and policy: The paper recommends that the political will and commitment of the prevailing leadership and policy makers in Uganda will be vital in bridging economic inequality gap in the country.
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