Diego Alejo Vazquez Pimentel, Max Lawson, and Inigo Macias Aymar
Publication Date:
01-2018
Content Type:
Policy Brief
Institution:
Oxfam Publishing
Abstract:
Last year saw the biggest increase in billionaires in history, one more every two days. This huge increase could have ended global extreme poverty seven times over. 82% of all wealth created in the last year went to the top 1%, and nothing went to the bottom 50%.
Dangerous, poorly paid work for the many is supporting extreme wealth for the few. Women are in the worst work, and almost all the super-rich are men. Governments must create a more equal society by prioritizing ordinary workers and small-scale food producers instead of the rich and powerful.
Topic:
Gender Issues, International Trade and Finance, Food, Health Care Policy, Inequality, Economic Growth, Tax Systems, and Supply Chains
In 2015, the leaders of 193 governments promised to reduce inequality as part of the Sustainable Development Goals (SDGs). Without reducing inequality, meeting the SDG to eliminate poverty will be impossible.
Now Development Finance International and Oxfam have produced the first index to measure the commitment of governments to reducing the gap between the rich and the poor.
The Commitment to Reducing Inequality Index uses a new database of indicators covering 152 countries, which measures government action on social spending, tax and labour rights – three areas found to be critical to reducing inequality.
This first version of the CRI Index is work in progress, and DFI and Oxfam welcome comments and additions. We find that there is an urgent need for coordinated global investment to significantly improve the data on inequality and policies to reduce it, and much greater concerted action by governments across the world to reduce the gap between rich and poor.
Topic:
Education, Health Care Policy, Inequality, Sustainable Development Goals, Tax Systems, and Land