“There are many dimensions to equity, and societies will feel more strongly about some dimensions than others at different times. But we should avoid reducing equity to just one thing or one statistic.
You can’t reduce this to a figure. It’s not an unemployment rate or a Gini coefficient. It’s about the quality of everyday life and the quality of public spaces that we must want in a fair society.”
A recommended read for all H2 Economics Students.
See the full interview here: http://www.eco-business.com/news/towards-equitable-cities-interview-singapores-dpm-tharman-shanmugaratnam/