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Analysis

Inside the global offshore money maze ... the amazing work of investigative journalists

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New report of ODI for the European Parliament on the feasibility of social protection

Bank's promotion of 'shared prosperity' fails to tackle inequalities and growing gaps between rich and poor, critics warn

 

Critics have cast doubt on the World Bank's assertion that economic growth will lift ever more people out of poverty.

Optimism about the prospects of significant change at the World Bank could fall after leaked strategy documents (here and here, pdfs) revealed what critics have called an "unambitious" and "business-as-usual" approach to development, prioritising economic growth over pressing social issues such as rising inequality.

Today (20.3.13) in the UK, we had a statement from the Finance Minister, George Osborne (or in UK-parlance, a Budget statement was made by the Chancellor of the Exchequer) where he said:

 

"I also want Britain to be the place where people raise money and invest.

Financial services are about much more than banking.

 

Global Social Justice is happy and proud to present a new book of Francine Mestrum: Building Another World: Re-thinking Social Protection.

It is a proposal for a new concept of social protection, which is particularly important at the moment that international organizations start to  make their proposals for ‘social protection’. The ILO came out with its ‘social protection floors’, the World Bank completes its old proposal with ‘resilience’ and the European Commission switches from poverty reduction to ‘social protection’ in its cooperation policies.

While these proposals have to be welcomed and promoted, there is a real risk that they will not go beyond poverty reduction. They do have nevertheless a potential to do more: they are rights-based, they imply permanent mechanisms and they do take into account – finally! – the income dimension.

We think however that more is needed.

 

For over a decade the debate, research and practice focused on extreme poverty. However, the key to the new development agenda could be somewhere else, much less illuminated by the political debate: inequality. This is what emerges from several months of consultations with academics and civil society organizations performed by the specialized agencies of the United Nations on women and children, UN Women and UNICEF.

An amazing article on income inequality ... !

Interview with Emmanuel Saez, famous for working with Thomas Piketty on top incomes:

Read

A Second edition of a booklet as relevant as ever!

Read it!

Alvin Mosiama, director of Tax Justice Network Africa, and a Task Force regional representative, has as much experience as anyone in campaigning on taxes and transparency for developing countries. In a great op-ed for Devex that everyone should read, he outlines how corporations aren’t just shifting profits to tax havens, but simultaneously shifting the burden of funding the government to those that can least afford it.

Mosiama writes,

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