Banking services chronicle

Banking services chronicle

Banking services chronicle  Published this article page no  19 Key features of Cornwall Consensus o Accelerate reform of global economic governance to promote the common good. o Establish collective mechanisms to monitor assess and invest in addressing emergent economic environmental or geopolitical risks o Accelerate investment in the Sustainable Development Goals promote digital inclusion eliminate tax evasion and facilitate full access for developing countries to global markets. 3.2. WIDENING ECONOMIC INEQUALITIES Why in News? Recently China started a common prosperity program to narrow the widening wealth gap between people with stringent measures on how business and society should function. About Economic Inequality (or Wealth Gap)Economic inequality is the unequal distribution of income or opportunity in a population or groups of a society. E.g. If we talk of income inequality i.e. how unevenly income is distributed throughout a population income inequality between the richest 10% and poorest 10% in OECD countries increased from 7.2 times of mid1980s to 9.6 times in 2013. 22 Related Reports The Changing Wealth of Nations 2021 World BankReport tracks wealth of 146 countries between 1995 and 2018 by measuring economic value of renewable natural capital nonrenewable natural capital human capital produced capital and net foreign assets.Key finding o Global wealth grew significantly between 1995 and 2018 but the risks faced (from unsustainable exploitation lack of collective action etc.) have also increased.While total wealth has increased everywhere albeit with a widening gap between nations per capita wealth has not. World Inequality Report 2022 The World Inequality Lab Banking services chronicle  buy.

Banking services chronicle