Despite strong economic growth that produced millions of new jobs
since the early 1990s, income inequality grew dramatically in most
regions of the world and is expected to increase due to the current
global financial crisis, according to a new study by the International Labour Organization (ILO).
After the failure of mainstream strategies to combat the unprecedented financial crisis, rising food prices, climate change and growing inequities, the abandoned principles of social justice and a rights-based approach to development are an essential component of any solution, says a new report by Social Watch.
Recent reports by the United Nations and the OECD highlight increasing levels of global inequality and the socio-economic impact on poor communities. Both reports draw attention to the failure of trickle down economic theory.
The World Bank's recent estimates on global
poverty, particularly in relation to China, are being challenged by an
international non-governmental organisation (NGO) which monitors
poverty eradication and gender equality: the 2008 Basic Capabilities Index. By Thalif Deen.
Some 220 million people are "on the edge of emergency" in 2008,
almost twice as many as in 2006, says a report by CARE released ahead of next week's UN
summit to measure progress toward the Millennium Development Goals. By Alison Raphael.
Between 320 and 440 million people live in chronic poverty worldwide - but need
not, according to five policy measures that could help them escape the poverty trap, says
the Chronic Poverty Report 2008-2009. By Mercedes Sayagues.
Global levels of inequality threaten to halt progress toward economic development and efforts to alleviate deprivation such as the Millennium Development Goals, argues a new report.