Global economy faces ‘low normal’ growth, widening inequality gap
The organization’s Trade and Development Report 2024 warned that this new “low normal" growth is insufficient to tackle pressing development and climate goals or help ease widespread discontent amidst a global cost-of-living crisis that has left many households in vulnerable positions.
Trio wins economics Nobel for insights into income inequality
By examining the various political and economic systems introduced by European colonizers, the three have demonstrated a relationship between societal institutions and prosperity, the jury said. "Reducing the vast differences in income between countries is one of our time's greatest challenges," Jakob Svensson, chair of the Committee for the Prize...WTO says trade alone won’t bridge gap between economies
The WTO's 2024 report on global trade looked at the role that commerce has played to narrow the gap between economies since its creation in 1995. "Perhaps the biggest takeaway from the report is its reaffirmation of trade's transformative role in reducing poverty and creating shared prosperity," WTO Director-General Ngozi...
Disparities in climate action risk worsening global economic inequality, warns new report
Geneva, Switzerland – A recent report by the World Economic Forum (WEF) highlights the growing concern that unequal access to green financing and technologies could worsen existing economic inequalities. The report, Accelerating an Equitable Transition: A Data-Driven Approach, stresses the urgent need for an institutional response to ensure that the...Activists term IMF, World Bank ‘worst scam of the century’
Activists from developing nations belonging to a group called People's Alternative Global Tribunal organized themselves in the Moroccan city as the IMF and World Bank held their annual meetings. Activists testified about how the policies of the international financial institutions impacted their countries, deepening economic inequality.
Qatar wealthiest Arab nation, Somalia poorest
The Arab world is one of the most unequal regions in the world, with top 10 earners controlling more than 56% of national incom
As Israel celebrates 75th anniversary, its economy presents a dichotomy of success and inequality
A country that describes itself as a "start-up nation" now boasts of higher per capita GDP than many European countries. But amid success, there are many glaring inequalities.
Justice best solution to global challenges
Wars and conflicts have made it more difficult for millions of people to live in dignity and have in turn hampered efforts to bring about global peace, adds Abdelsalam during a session titled “Migration as a Manifestation of Global Poverty, Inequality, climate change and conflict”.
‘Women are equal participants in UAE’s development’
The leadership’s vision to empower women has ensured that women are equal participants and major contributors to the UAE’s sustainable development journey, adds Al Marri, Vice President of the UAE Gender Balance Council at the 8th Dubai International Project Management Forum.Paris Peace Forum: Queen Rania calls for paradigm shift in response to global crises
The Queen explained that the global refugee crisis has reached "epic proportions" with the number of displaced people around the world now exceeding 100 million.
Oxfam says world failing to address ‘dangerous’ inequality
The UN and Oxfam have previously decried the unequal distribution of vaccines from richer Western countries to lower-income ones, particularly in Africa, putting lives at risk.
Morocco state schools fail students, deepen inequality
The High Council for Education has said that government schools "are not giving the majority of pupils basic skills or a fundamental education".Pandemic turns out to be a boon for billionaires
The share of global wealth of the world's richest people soared at a record pace during the Covid pandemic, a report on inequality showed Tuesday.
