Rethinking Bretton Woods | Thu, Feb 13, 2014
In a blog piece appeared on the website of the Rightingfinance initiative RBW Project Director Aldo Caliari comments on a new report released by the United Nations that paints an alarming picture of the inequality situation worldwide.
The rise of inequality on the global agenda was in display at the latest World Economic Forum, recently held in Davos, where it was considered the most serious global risk. The UN’s Report on the World Social Situation offers a wealth of figures and statistics to back up the concerns. Taking the period of 1990 to 2012, it finds that in 65 out of 130 countries, inequality in disposable income increased.
But the report’s most valuable contribution to establishing the link between financial policy and human rights in its finding that the right policy interventions can, and do, bring greater equality, Caliari argues. : “Successful cases of reducing inequalities illustrate the importance of policies and institutions in shaping inequality trends.”