Rising Inequality in the Global South: Practice and Solutions Symposium

Inequality in the global South – evidence and experience

The panel explore the shape and impact of inequality in the global South, and lessons learned.

The findings of the latest Global Wealth Report from Credit Suisse points to economic inequality rising sharply following the financial crisis, particularly in developing countries. What impact is inequality having in the global South? What is the impact of urbanization, rising inequality and patterns of control and ownership of land and productive resources? Is growth coupled with inequality leading to a new authoritarianism in some countries? How is inequality experienced along axes of gender, ethnicity, generational and economic income?

Panel: Prof. Nora Lustig, Professor of Latin American Economics at Tulane University, Prof. C.P. Chandrasekhar, Professor of Economics at Jawaharlal Nehru University, and Prof. Mick Moore, Professorial Fellow at the Institute of Development Studies. Moderator: Prof. Nic Cheeseman, Associate Professor in African Politics, University of Oxford.

Policy solutions: resources, taxation, governance and social spending

The panel explore solutions to inequality.

Inequality is not inevitable. Economic growth should enable increasing government revenue and social spending to reduce poverty. But states struggle to hold corporates to account, while having weak capacity for tax collection and spending; the extraction of natural resources too often fails to contribute to shared national wealth; and lack of transparency and accountability to citizens from states and companies harms social development. What are the solutions? How can policy makers, civil society and corporates better deliver shared growth and what role do global rules and institutions have to play?

Panel: Dr. Donald Kaberuka, President of the African Development Bank, Prof. Juan Alberto Fuentes, Professor at Universidad Rafael Landivar, and Lady Lynn Forester de Rothschild, Chairman of the Coalition for Inclusive Capitalism and CEO of E.L. Rothschild, Nora Lustig, Professor of Latin American Economics at Tulane University. Moderator: Ms. Winnie Byanyima, Executive Director of Oxfam International.

Final address Dr. Jay Naidoo, Chair, Global Alliance for Improved Nutrition

Additional details about the event

This was the second annual symposium organized by the African Studies. The event was co-organized with Oxfam and was held on Monday 19th January 2015 at the Nissan Institute Lecture Theatre, St Antony’s College.

Find out more about the speakers and moderators.

Follow @Winnie_Byanyima @Oxfam @AfricaOxfordUni and the hashtag #inequality.

Comments

One solution to inequality is to fund loans for profit sharing businesses. The coop Alvarado St Bakery has workers that earn $70KUS average wages.

In order to get the loans that are needed we must reform the vote. Right now in US corps & rich set public policy. Passing a Fair Elections Bill could change this.

It's important to talk about solutions to inequality. 1.) More State Banks like Bank of North Dakota (google Ellen Brown) 2.) Loans for Profit Sharing businesses. Alvarado St Bakery has average wages of $70K USD a great mid class wage 3.) Voting must return to the people. Must get rid of paid lobbyists, corporate campaign sponsors & re-institute small dollar citizen campaign donations only.

To Prof Mick Moore - how do we stop the rich elite from networking like they do and so stop their continued covert class conflict?

Mick Moore responded making the point that we don’t stop the rich elite networking. Everyone will network. What is needed is stronger labor and movements around the world to challenge, be heard and influence policy.

Many NGOs, including Oxfam, engage in productive dialogue on the issues we’re covering in Even It Up. For example on the issue of taxation, Oxfam is keen to engage companies who see the value in fairer, predictable, transparent international tax rules. When developing country governments can raise more tax revenues from multinational corporations (MNCs), they can spend more ensuring healthier and a better educated workforce, and better infrastructure – all of which bring great benefits to MNCs operating in those countries.

How have Oxfam worked with the MDG panel to improve inequality across the world? Where have improvements been seen.

Oxfam has campaigned for the achievement of the Millennium Development Goals since their inception in 2000. Donor aid budgets have often been tailored towards making progress towards the MDGs. However, one limitation of the MDGs framework is that it doesn’t set a goal, targets or indicators for reducing inequality. Oxfam is calling for a standalone inequality goal to be one of the sustainable development goals frameworks – the successor to the MDGs to be negotiated this year.

According to Oxfam report, top 1% includes anyone with more than USD 798,000 in wealth. I suspect that includes all the top leaders at Oxfam, including Ms. Byanyima. Shouldn't you pay yourselves less and distribute those funds to the poor instead?

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