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Income convergence between developed and developing countries in recent years is mainly the result of rapid economic growth in Asia. The distance between average per capita income in other developing regions and that in developed countries has not changed significantly; between-country inequality continues to be a cause of concern. Development Issues No. 6: What does the analysis of WESS 2016 suggest for the ESCWA region? climate change and inequalities
Income convergence between developed and developing countries in recent years is mainly the result of rapid economic growth in Asia. The distance between average per capita income in other developing regions and that in developed countries has not changed significantly; between-country inequality continues to be a cause of concern. Development Issues No. 5: Income convergence or persistent inequalities among countries?
The subject of inequality appears throughout the 2030 Agenda for Sustainable Development, both directly and indirectly. When examined across the four different angles of inequality?access, gender, opportunity and outcomes?many goals and targets of the Sustainable Development Goals are clearly linked to inequality. Development Issues No. 4: Inequality and the 2030 Agenda for Sustainable Development
Measuring poverty with a single income or expenditure measure is an imperfect way to understand the deprivations of the poor since, for example, markets for basic needs and public goods may not exist. Complementing monetary with non-monetary information provides a more complete picture of poverty. Development Issues No. 3: Multidimensional Poverty
There are many measures of inequality that, when combined, provide nuance and depth to our understanding of how income is distributed. Choosing which measure to use requires understanding the strengths and weaknesses of each, and how they can complement each other to provide a complete picture. Development Issues No. 2: Inequality Measurement
The understanding of inequality has evolved from the traditional outcome-oriented view, whereby income is used as a proxy for well-being. The opportunity-oriented perspective acknowledges that circumstances of birth are essential to life outcomes and that equality of opportunity requires a fair starting point for all. Development Issues No. 1: Concepts of Inequality
Summary: In June 2017, the Fed raised its key policy rate for the fourth time since December 2015, and announced plans to gradually reduce the size of its balance sheet. Amid high economic and policy uncertainty, however, rising interest rates by the Fed may pose considerable challenges for the emerging economies. Notably, countries with high borrowing needs, large dollar-denominated debt and fragile macroeconomic conditions are at a higher risk of experiencing large and potentially destabilising capital outflows. In this environment, policymakers will need to assess the various policy tools available that will most effectively mitigate the spillover effects of the Fed’s policy transition…