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Finance and debt

To curb rising inequality, global leaders must work together to stop the flow of illicit wealth and mitigate tax avoidance, write John Irons & Xavier de Souza Briggs in the Stanford Social Innovation Review. In many corners of the world, there is a growing belief that leaders, companies, and institutions are not...
More than two-thirds of the world's entire wealth will be owned by the richest 1% of people by 2030, new research warns. The shocking findings of the new report produced by the UK's House of Commons Library claims that if trends which began after the 2008 financial crisis continue, the 1% will control 64% of world's...
There’s enough stuff to go around, enough for everyone to share in a decent life, so long as we all agree not to want too much. But that implies a process of social maturation on a scale never before seen. Because in order to retain our humanity in the face of limits, we have to confront inequality head on, writes...
If we want to rebuild support for international development, it must be recast as an issue of social justice. The UK Labour Party has thrown down the gauntlet for a radically different approach that aims to tackle inequality, transform the global economy and redistribute wealth and power, writes Nick Dearden. At the...
The expected rise in US interest rates will increase financial pressures on developing countries already struggling with a 60% jump in their debt repayments since 2014, a leading charity has warned. The Jubilee Debt Campaign said a study of 126 developing nations showed that they were devoting more than 10% of their...
The global economy is in crisis. The exponential exhaustion of natural resources, declining productivity, slow growth, rising unemployment, and steep inequality, forces us to rethink our economic models. Where do we go from here?  In this feature-length documentary, social and economic theorist Jeremy Rifkin lays out...
One year into the implementation of the 2030 Agenda, the most pressing question is whether the Agenda and its 17 Sustainable Development Goals (SDGs) will be implemented in ways that are universal and integrated, and that protect and even extend human rights – a potential contained in its scope and ambition – or...
A new World Bank report comparing economic growth among different regions in the world ignores key factors in addressing wealth and inequality in Africa—particularly the wealth that is stashed offshore in developed countries, says economist and author Leonce Ndikumana in an interview with The Real News Network....
Arguing that only a positive and truly transformative economic agenda will be sufficient to overcome the Republican congressional majority and President Donald Trump, scores of progressive leaders this week endorsed a bold 11-point platform that calls for Medicare for All, tough Wall Street regulation, and a ban on...
CIVICUS speaks with Barbara Adams, senior policy analyst at the Global Policy Forum (GPF), on the problem of private finance within the UN development system, and the need for civil society action in response to these growing trends. What is driving the turn towards the private corporate sector for development...
The report ‘Justice for People and Planet’ shows how corporate power has been used to repeatedly abuse and violate human and environmental rights, written by Greenpeace with assistance from SOMO. Twenty cases expose corporate wrongdoing relating to deforestation, water and air pollution, plastic pollution, waste...
Although wealthy nations like the US and UK satisfy the basic needs of their citizens, they do so at a level of resource use that is far beyond what is globally sustainable. If all seven billion or more people are to live well within the limits of our planet, radical changes are required based on a fairer sharing of...
Growing inequality is not inevitable; it is created socially. If elites are at all serious about tackling the growing gap between the super rich and the rest of us, they know what they have to do - but who will act? By Anis Chowdhury and Jomo Kwame Sundaram for IPS News. At this year’s Davos World Economic Forum (WEF...
Measuring humanity’s ecological footprint is essential for keeping its demands within the planet’s biocapacity, a minimum requirement for sustainability, writes Mathis Wackernagel from the Global Footprint Network. Households and governments who want to succeed track both expenditure and income. Businesses similarly...
The International Monetary Fund (IMF) was formed in 1945 to ensure the stability of the international monetary system. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that may bear on global stability. Since the global crisis, particularly since 2010, the IMF has tackled...