This conception of equity following growth has deep roots in South Africa. One of the earliest incarnations of this idea is from the Mount Fluer Scenarios, which warned of an “Icarus” scenario, where a well-meaning democratic government spends irresponsibly and in the process bankrupts the country. The warning was heeded and successive government plans starting with GEAR (the growth, employment and redistribution macro-economic strategy) have had a singular commitment to growing the economy with the intent of creating more jobs, growing and reprioritising government spending as well as improving skewed economic ownership. The idea runs through GEAR and even finds a place in the putative social compacts reached in the Growth and Development Summit.
Justice and Liberty the First Losers of the Redistributionist Leviathan It was Thomas Kuhn, and not Karl Popper, who best succeeded at describing how human knowledge evolves. He demonstrated that men do not tend to seek the truth through verification of rational hypotheses; rather, sciences — including social sciences — are based on paradigms, often […]
Former Prime Minister Raila Odinga has asked African governments to give priority to policies that will help narrow income in equality among segments in society and promote opportunity for the poor, as the Continent’s growth picks up.
Raila said that while African countries form the majority of top ten growing economies in the world today, their growth is marching neck to neck with extreme poverty, where almost one out of every two Africans lives in extreme poverty.
Members of the African Union (AU) Permanent Representatives Committee (PRC) on Tuesday met at the AU headquarters in Addis Ababa, Ethiopia’s capital, on the framework of the 22nd AU summit.
The ambassadors met for their 27th ordinary session ahead of the session of the AU Executive Council meeting and the summit of heads of state scheduled for Jan. 27-28 and 30-31 respectively at the AU headquarters in Addis Ababa.
The AU meetings are set for Jan. 21-31 with the theme of “Transforming Africa’s Agriculture: Harnessing Opportunities for Inclusive Growth and Sustainable Development
Zambia will host the 20thsession of the Intergovernmental Committee of Experts (ICE) for southern Africa in March.
The ICE under the theme ‘Making natural resources work for Inclusive growth and sustainable development in Southern Africa’ will take place under the auspices of the Zambian Government from 5-7 March, 2014 in the City of Livingstone, Zambia’s tourist capital. Eleven SADC and COMESA member States are expected to participate in the meeting which convenes yearly to discuss topical economic and social developments in the region. This year, the meeting will focus on inclusive growth owing to the region’s impressive economic performance, its bountiful natural resources and how this can translate into employment and sustainable development
In a whirlwind of events at the World Economic Forum in Davos today Secretary-General Ban Ki-moon highlighted the vital need for Governments, business and civil society to cooperate whether in erasing gender inequality and harnessing “girl power” to reach development goals, combatting climate change, or eliminating hunger
With global political and business leaders gathering for the 44th annual World Economic Forum in Davos, discussions will be centred on the impact of slower economic growth across different regions, unemployment and income inequality, challenges Nigeria is also grappling with on the home front
President Goodluck Jonathan on Wednesday in Davos, Switzerland said that African governments must accord the highest possible priority to promoting inclusive economic growth on the continent.
Jonathan in a televised debate at the World Economic Forum, said that according such priority is important in order to avoid problems associated with poverty and financial equality in the continent
The World Economic Forum’s chief economist has linked the Scottish independence debate to growing concern about inequality around the globe. The forum, whose annual meeting in Davos takes place next week, warned that the chronic gap between the incomes of the richest and poorest citizens is seen as the risk that is most likely to cause serious damage globally in the coming decade
During hard times, the poor lose faith in their leaders and the economic system; and when times are good, too few enjoy the benefits. The GINI coefficient, a measure of economic inequality, has been rising for many years in developing as well as developed countries, including the United States. In Europe, inequalities have intensified as a result of rapidly rising unemployment, especially among young people. Some have reacted by rioting; others have backed far-right xenophobic political parties; many more seethe quietly, growing ever more resentful of politicians and the system they represent