Turning the global inequality debate into action

Photo: Slum in Rio de Janeiro

Problems of rising inequality

Although G20 finance ministers in Baden Baden acknowledged the growing challenge of inequality, and the need for more inclusive growth, it is not yet clear what action the G20 leaders might take on the subject at their meeting in Hamburg. As evidence mounts about the risks posed by inequality to both social and economic advancement, this blog considers the merits of a PISA style ranking for inequality that would help processes like the G20 keep track of which policies and countries are succeeding in tackling inequality. The authors also outline specific recommendations for G20 leaders that could enable the G20 members to periodically review and reassess their approaches to redressing inequality.

Klima schützen, Ungleichheit bekämpfen – Leitplanken für eine gerechte Globalisierung

Image: Nachhaltige Entwicklungsziele

Aufbruch mit klaren Zielen

Die Agenda 2030 von New York und das Klima-Abkommen von Paris haben einen Aufbruch mit klaren Zielen versprochen. Alle Länder, unabhängig von ihrem Entwicklungsstatus, wollen Hunger und Armut abbauen, Wohlstand gerechter verteilen und so wirtschaften, dass unsere Lebensgrundlagen erhalten bleiben. Um das zu erreichen, braucht es einen Paradigmenwechsel quer durch alle Politikfelder.

 

How to reconcile values and interests in EU-Africa relations?

Image: African Union Headquarters

Europe and Africa at a crossroads

The democracy, rule of law and human rights agenda is under pressure but it is more relevant than ever in the Europe-Africa dialogue. Fears of the negative effects of globalisation, growing inequalities and the refugee crisis have caused a wave of populism in Western liberal democracies. In several European countries, traditional political parties are losing the trust of significant parts of the population. This also affects the role that Europe is playing in the global world and in its partnership with Africa as the closest neighbour. Geopolitical and economic interests seem to take the upper hand over the values in EU foreign policy.

Access to Financial Services But Without the Skills to Use Them: The Importance of Financial Literacy

Image: Calculator

Financial ignorance carries a hefty price tag

At the 2010 G20 summit in Seoul, leaders recognized greater financial inclusion as a core component of global development in both rich and emerging economies, and established the Global Partnership for Financial Inclusion (GPFI). Following the recent GPFI meeting under Germany’s G20 Presidency over May 2-4, Annamaria Lusardi explores some of the costs of financial illiteracy, and makes the case for G20 leaders to expand financial literacy education services.

Africa: Continent of possibilites

Image: Tunnel
Africa: Continent of possibilites

Migration and cash flows demonstrate the lack of confidence that many African societies have in their economic and political systems. If this problem is to be solved, development cooperation actors need to work with the private sector and strengthen civil society structures in order to gradually work themselves out of a job.