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IMPLICATIONS OF INCOME INEQUALITY ON POLITICAL STABILITY
Paras Jyani Dr. Vinod Kumar
Abstract:
The research paper critically examines the implications of income inequality on political stability by synthesizing key findings from relevant literature. Through a comprehensive review of seminal works, including those of Alesina and Perotti, Frank, Lustig, Piketty, Stiglitz, Milanovic, Acemoglu and Robinson, Wilkinson and Pickett, Iversen and Soskice, and Rodrik, the study elucidates the intricate relationship between economic disparities and political fragility. The review underscores that excessive income inequality can foster social tensions, erode trust in institutions, and lead to political upheaval. However, the connection between inclusive economic institutions and political stability suggests potential avenues for policy interventions that address inequality's destabilizing effects.