Worsening inequality is a threat to the achievement of the global Sustainable Development Objectives. To turn the situation around, the governments of developing countries must invest heavily in public services, says Philippe Orliange.
Blockchain is expected to have a larger impact on our business than a potential Brexit, suggests MasterCard’s deputy boss, Ann Cairns. In her view, the technology behind virtual currencies like bitcoin is “a good thing for the future”, she told EurActiv.com.
Legislation is only part of the solution. We need a mix of legislative and non-legislative instruments to tackle persistent gender inequalities, especially in advancing women in high-level positions, but that has to start from the grassroots, says Michael O’Flaherty.
The erosion of the middle class is worrying, because it particularly hurts young people, thus leading to an intergenerational gap. But it is even more worrisome, as it does not seem to have been taken seriously enough so far, said ILO senior economist Daniel Vaughan-Whitehead.
Recent economic thinking has discredited the idea that high inequality stimulates economic growth. Public investment in education is the key to both cutting inequality and achieving sustainable growth, argue Roy Van der Weide, Branko Milanovic and Mario Negre.
Politicians and business leaders gathering in the Swiss Alps this week face an increasingly divided world, with the poor falling further behind the super-rich, and political fissures in the United States, Europe and the Middle East running deeper than at any time in decades.
By sending out strong signals against nationalism, reaching out to religious minorities, the poor and the marginalised, and keeping its climate and development promises, Europe can become the leader in international cooperation, writes Dirk Messner.
The independent Annual Growth Survey group (iAGS) highlights the need for investment, in order to secure Europe's economic recovery. French economist Xavier Timbeau says that Juncker Plan has not delivered.
Some 26 million children and young people in Europe are threatened by poverty or social exclusion after years of economic crisis, according to a new study by the Bertelsmann Foundation, which gave Greece the worst marks in the entire EU.
The US economic recovery is false, according to Nobel Prize winner Joseph Stiglitz. He told La Tribune that sustainable growth can only be achieved by tackling inequality, limiting the power of the financial sector, and reempowering trade unions.
Jean-Claude Juncker’s European Commission has declared its intention to put social issues further up its agenda. Yet, the European Union and its member states need to focus on more than economic growth to foster social justice in Europe, argues Natália Mazotte.
While the EU is hoping to recover growth and competitiveness through an ambitious investment plan, EU grandees are ringing the alarm bell over a lack of proper social investment, and urge the Commission to enlarge the scope of the so-called Juncker plan.
Energy poverty is a stark reminder of the inequality in Europe, writes FEANTSA and a series of other European associations. Families in poor quality housing suffer because they cannot afford to heat their homes.
Rising inequality could set the fight against poverty back by decades, Oxfam has warned in a new report. The EU can help offset the imbalance through a different tax policy and by promoting health and education in the Transatlantic Trade and Investment Partnership (TTIP) with the US, the organisation says.
More investment in jobs and social security, and the introduction of laws that offer vulnerable people greater protection, are required to halt the slowing of human development caused by income inequality, fluctuations in food prices, natural disasters and conflict.