Given the integrated nature of the world economy, the fact that next year emerging economies will still not experience the economic rebound already seen in many developed regions in 2021 means global growth will remain low and slow.
This story originally appeared on WIRED UK.Piketty’s 753-page book Capital in the Twenty-First Century, published in 2013, sold 2.5 million copies worldwide and helped put inequality on the global agenda.Capital and Ideology builds on Piketty’s long-standing argument that inequality has soared across the world since 1980.
The report highlights strong progress in health and education, but poor performance in addressing inequality, climate change and housing affordability. Despite some progress, the report found almost every goal has at least one target where an important indicator is off-track or will require a breakthrough to be achieved.
Yet all parties involved in housing know that cities are facing more rainfall and flooding due to climate change. However, the waterfront area still remains a flood plain, and is still affected by storm surges associated with climate change.
Economists typically use the Gini index of per capita income or household consumption expenditure as a measure of inequality. For example, in Nepal, as incomes and living standards have improved, private school enrollments have increased leaving public schools, especially in remote rural areas, struggling to fill classrooms.