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Global Topics Inequality

Brace yourself for an even more unequal post-pandemic world: WEF (Al Jazeera)

The world is growing more unequal and the divergence, made worse by the pandemic, is sure to cause additional tensions, resentments and further complicate nations’ responses to climate change, economic disparities and social instabilities, according to a new report.

The Global Risks Report 2022 (PDF) – a 17th edition from the World Economic Forum (WEF) and released on Tuesday – warns that the economic recovery from the coronavirus, much of which has relied on the roll-out of vaccinations, has deepened divisions among nations and in the international community at large.

Brace yourself for an even more unequal post-pandemic world: WEF | Inequality News | Al Jazeera

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Inequality

World Bank warns of slowing global growth, widening inequality (Al Jazeera)

The global economy is entering a phase of “pronounced slowdown”, the World Bank warned on Tuesday, as the Omicron variant of the coronavirus, and the triple blow of soaring inflation, high government debt levels and rising income inequality threaten recoveries in emerging and developing economies.

The latest Global Economic Prospects report (PDF) from the World Bank sees global economic growth downshifting from 5.5 percent in 2021 to 4.1 percent in 2022 – an outlook that is more pessimistic than its June call for 4.3 percent growth this year.

World Bank warns of slowing global growth, widening inequality | World Bank News | Al Jazeera

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Central Banks/Inequality – Are Central Banks to Blame for Rising Inequality? (Project-Syndicate)

KENNETH ROGOFF writes: Judging by the number of times phrases such as “equitable growth” and “the distributional footprint of monetary policy” appear in central bankers’ speeches nowadays, it is clear that monetary policymakers are feeling the heat as concerns about the rise of inequality continue to grow. But is monetary policy to blame for this problem, and is it really the right tool for redistributing income?

go to Project-Syndicate: Are Central Banks to Blame for Rising Inequality? by Kenneth Rogoff – Project Syndicate (project-syndicate.org)

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Inequality – How can we close inequality gaps in the global COVID-19 recovery? (WEF)

writes: The global economic recovery continues, but with a widening gap between advanced economies and many emerging market and developing economies. Our latest global growth forecast of 6 percent for 2021 is unchanged from the previous outlook, but the composition has changed.

go to WEF: COVID-19: how can we make the global recovery more equal? | World Economic Forum (weforum.org)

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Inequality – How can the world address inequality? 7 experts explain (Abhinav Chugh, WEF)

  • The COVID-19 pandemic has exacerbated socioeconomic inequalities.
  • Mitigating inequality requires a mix of bottom-up and top-down changes that address the underlying social and economic systems.
  • Seven experts shine a light on creating a future that leaves no one behind.

How can the world address inequality? 7 experts explain | World Economic Forum (weforum.org)

 

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Pandemic – Pandemic, Inequality and Geopolitics (Valdai Discussion Club)

Andrés Serbin

The COVID-19 pandemic has probably caused the greatest economic, political and social damage to humanity since World War II. In fact, it will accelerate and deepen some of the pre-existing processes and trends and will confront us with new challenges and scenarios at the global level, the scope of which we barely glimpse.

https://valdaiclub.com/a/highlights/pandemic-inequality-and-geopolitics/

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(Technology/Growth/Inequality) Technology, growth, and inequality: Changing dynamics in the digital era (Brookings)

Zia Qureshi

Ours is a time of exciting technological change. The era of smart machines holds the promise of a more prosperous future for all. But it demands smarter policies to realize that promise. To capture potential gains in productivity and economic growth and to address rising inequality, policies will need to be more responsive to change as technology reshapes markets. And change will only intensify as artificial intelligence and other new advances drive digital transformation further—and at an accelerated pace in the aftermath of the COVID-19 pandemic.

Technology, growth, and inequality: Changing dynamics in the digital era

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(Development Cooperation/Inequality) Assessing potential effects of development cooperation on inequality (DIE)

Mario Negre

https://www.die-gdi.de/en/briefing-paper/article/assessing-potential-effects-of-development-cooperation-on-inequality/

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(Pandemic/Inequality) Why coronavirus pandemic is helping narrow global inequality (Al Arabiya)

Omar Al-Ubaydli

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