Economic Inequality

by Developed Africa 15. July 2014 09:00

A report last month from Oxfam announced its proposals for what should be in the new development goals post-2015 once the era of the Millenium Development Goals comes to a close.

High among the proposals was overcoming economic inequality, and the press release from Oxfam that announced the report very strongly urges governments not to cut the goals for reducing inequality, as they claim there is a risk of that happening:

These goals are at risk of being cut from the final draft. They must remain, and include ambitious targets to reduce income inequality so that the income of the top 10 per cent is no more than that of the bottom 40 per cent."

Alongside these proposals from Oxfam, there is a strong will from the world's 48 least developed countries to be involved in the decision process of the post-2015 agenda. Though it remains tricky for them to really have a strong voice as within the Open-ended Working-Group that negotiates the terms of the agenda, there are only 6 LDCs in a group of 30. But despite this the Ambassador for the UN Under-Secretary-General and High Representative of LDCs, Land-locked Developing Countries and Small Island Developing States feels that there is a better chance now than there ever has been:

LDCs are apparently better prepared than in previous U.N. fora, primarily because of "back-stopping" support from the UN-Office of the High Representative (OHRLLS)"

Though others from LDCs remain unconvinced that there is any real difference this time around, and feel instead that the system in place is the problem, as it does seem odd that decisions for an agenda that is aimed at improving the lives of people living in developing nations, that developing nations have very little say on the matter.

Captura de pantalla 2014-07-10 a las 17.05.11

 

An infographic examining the dangers of economic inequality.

 

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