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Towards a More Equitable and Just World: A Case for Universal Basic Income

Author

Listed:
  • Ramesh Shrestha

    (Former representative in Ghana, Yemen and Myanmar (Burma), United Nations)

  • Krishna Belbase

    (Former evaluation specialist in UNICEF)

  • Sreya Belbase

    (Medical Anthropology at University College London, UK)

Abstract

The global economy has created an unprecedented amount of wealth. The top 10% of wealth holders own 82% of global wealth, while the bottom-half account for less than 1%. Such wealth disparity may be attributed to the dominant economic model’s focus on accumulating profit over providing equitable and secure lives for all. This lack of basic income security and extreme poverty is a violation of economic rights of citizens in many countries. The global spree of technical automation further exacerbated this situation through job loss. The provision of universal basic income could possibly serve as a moral and sustainable solution to ensure that no one is denied the basic income requirement for food, shelter and medical care. It is the right political choice for governments and those in authority to ensure that every citizen has the opportunity to live in dignity and economic freedom through progressive realization of basic income security.

Suggested Citation

  • Ramesh Shrestha & Krishna Belbase & Sreya Belbase, 2020. "Towards a More Equitable and Just World: A Case for Universal Basic Income," Journal of Development Innovations, KarmaQuest International, vol. 4(2), pages 72-90, December.
    • Handle: RePEc:kqi:journl:2020-4-2-5
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    File URL: https://www.karmaquest.org/journal/index.php/ILGDI/article/view/73/57
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    References listed on IDEAS

    as
    1. Alice Fabre & Stéphane Pallage & Christian Zimmermann, 2014. "Universal Basic Income versus Unemployment Insurance," Cahiers de recherche 1427, CIRPEE.
    2. World Bank, 2015. "The World Bank Annual Report 2015," World Bank Publications - Books, The World Bank Group, number 22550.
    3. Alice Fabre & Stéphane Pallage & Christian Zimmermann, 2017. "Universal Basic Income," Post-Print hal-01680880, HAL.
    4. John Cunliffe & Guido Erreygers, 2001. "The Enigmatic Legacy of Charles Fourier: Joseph Charlier and Basic Income," History of Political Economy, Duke University Press, vol. 33(3), pages 459-484, Fall.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    economic insecurity; human rights; economic freedom; universal basic income; safety nets; basic income security; leaving no one behind;
    All these keywords.

    JEL classification:

    • I31 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - General Welfare, Well-Being
    • J08 - Labor and Demographic Economics - - General - - - Labor Economics Policies
    • J38 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Public Policy

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