Mind the gap.Two recent reports examining global economic inequality
Economic inequality refers to disparities in the distribution of economic assets and income. emphasize the need for substantive economic policy changes. "The Inequality Predicament," published by the United Nations, warns that growing "economic and social inequality will continue to breed violence and terror if the trend is not reversed." The World Bank's "Equity and Development" report states that redistribution of wealth, along with incentives for economic growth, is necessary for reducing global poverty. Traditionally, the World Bank has promoted neo-liberal economic models based only on growth, while ignoring that those same models increased inequity and ultimately destabilized economies. Below are a few findings. * 1 billion. The number of people in the developed world, which controls 80% of the global GDP GDP (guanosine diphosphate): see guanine. (the 5 billion people in developing countries share the other 20%). * 40. The percentage of children in Chad who have not been immunized. In comparison, nearly all children in Egypt have been immunized. * 12 to 27 million. The number of people estimated to be in forced labor or slavery in the world today. Most are female sex workers. * 64. The percentage of people with HIV/AIDS HIV/AIDS Human Immunodeficiency Virus/Acquired Immune Deficiency Syndrome who live in sub-Saharan Africa. Another 18% live in South and Southeast Asia Southeast Asia, region of Asia (1990 est. pop. 442,500,000), c.1,740,000 sq mi (4,506,600 sq km), bounded roughly by the Indian subcontinent on the west, China on the north, and the Pacific Ocean on the east. . * $900 billion. The amount spent annually around the world on arms and other weapons of destruction. * $150 billion. The amount needed to achieve the Millennium Development Goals “MDG” redirects here. For other uses, see MDG (disambiguation). The Millennium Development Goals are eight goals that 192 United Nations member states have agreed to try to achieve by the year 2015. , which would cut world poverty in half. Sources: "The Inequality Predicament" (United Nations Department of Economic and Social Affairs The United Nations Department of Economic and Social Affairs (UNDESA) is part of the United Nations Secretariat and is responsible for the follow-up to the major United Nations Summits and Conferences, as well as services to the Economic and Social Council and the Second and Third , 2005); "Equity and Development" (World Bank's World Development Report 2006). |
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