Report Launch : An Economy for the 1%
3:00 pm to 5:00 pm
Sustainable Development Policy Institute, 38, Street No: 86 Embassy Road, G-6/3 Islamabad Pakistan
The global inequality crisis is reaching new extremes. The richest 1% now have more wealth than the rest of the world combined. Power and privilege is being used to skew the economic system to increase the gap between the richest and the rest. A global network of tax havens further enables the richest individuals to hide $7.6 trillion. The fight against poverty will not be won until the inequality crisis is tackled.
In the run up to the world economic forum at Davos, Oxfam under its Even It Up campaign has produced a research paper titled ‘An economy for the 1%’. The report will be launched globally on mid-day of January 18th, two days before the official Davos meeting. An Economy for the 1%’ looks at how this has happened, and why, as well as setting out shocking new evidence of an inequality crisis that is out of control.
Growing economic inequality is bad for us all – it undermines growth and social cohesion. Yet the consequences for the world’s poorest people are particularly severe. The situation in Pakistan is also not encouraging. Inequality in Pakistan is mainly driven by inequalities in opportunities. Majority of poor people who rely on public education and health systems, not having quality education and access to these essential services, are trapped in poverty.
Rising economic inequality also compounds existing inequalities. Countries like Pakistan tend to have larger gaps between women and men in terms of health, education, labor market participation, and representation in institutions like parliaments. It is not a surprise that with lower level of social spending due to narrow revenue base, Pakistan fall in the bottom countries on gender parity index as well as human development index.
- Dr Abid Q Suleri| Executive Director SDPI
- Arif Jabbar Khan| Country Director Oxfam in Pakistan
- Dr. Qaisar Bengali | Distinguished economists
- G. M. Arif | Joint Director PIDE
- Tahir Dhindsa | Head of Policy Advocacy, Outreach & SDTV, SDPI
Watch Live at: http://sdpi.tv/live.php