What is the report by Nobel Laureate Joseph Stiglitz saying about global inequality?

The report states that the world is facing an "inequality emergency" as well as a climate emergency, leading to more political instability, conflicts, and decreased confidence in democracy.

How much of new wealth created since 2000 has the richest 1% captured?

According to the report, the richest 1% captured 41% of all new wealth created in the world between 2000 and 2024.

How many people globally are now facing moderate or severe food insecurity?

The report found that one in four people globally, around 2.3 billion people, now face moderate or severe food insecurity, meaning they regularly skip meals. This number has increased by 335 million since 2019.

Home / Business and Economy / Inequality Experts Call for Independent Panel to Tackle Global Wealth Crisis

Inequality Experts Call for Independent Panel to Tackle Global Wealth Crisis

14 Nov

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Summary

Hundreds of economists urge world leaders to set up inequality panel
Report says richest 1% captured 41% of new wealth since 2000
2.3 billion people now face moderate or severe food insecurity

Inequality Experts Call for Independent Panel to Tackle Global Wealth Crisis

In the lead-up to the upcoming G20 summit in South Africa, hundreds of prominent economists and inequality experts, including former U.S. Treasury Secretary Janet Yellen, have issued a call for the establishment of an independent international panel to address the global inequality crisis.

This call comes as a new report, chaired by Nobel Prize-winning economist Joseph Stiglitz, is set to be presented to world leaders at the summit. The report paints a dire picture, stating that the world is facing not only a climate emergency but also an "inequality emergency" that is leading to more political instability and conflicts, as well as a "decreased confidence in democracy."