Summary of Report of the Independent Expert on the Effects of Foreign Debt

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Report of the Independent Expert on the Effects of Foreign Debt summary
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Policy leaders are increasingly focusing on income and wealth inequality as the global economy continues its plodding recovery from the 2008 financial crisis. Juan Pablo Bohoslavsky, the United Nations’ Independent Expert on foreign debt and human rights, examines whether inequality can cause financial disruptions and outlines the many effects that crises have on individuals’ “full enjoyment of human rights.” getAbstract recommends his cogent, erudite analysis, which explores the layered dimensions of the inequality debate, to policy makers, executives and investors.

About the Author

Juan Pablo Bohoslavsky, an attorney, is the United Nations’ Independent Expert on foreign debt and human rights.

 

Summary

Income and wealth inequality increased substantially during the global recovery from the 2008 financial crisis. The magnitude and extent of the gaps between the rich and the rest have joined the dominant issues in the worldwide economic conversation. Lessening inequality is one of the United Nations’ Sustainable Development Goals. The facts are eye-popping: The proportion of global wealth owned by the top 1% of the population grew from 44% in 2010 to an excess of 50% in 2015. And in 2015, some 50% of global income went to the wealthiest 8% – 92% of all working people received only...


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