Tag Archives: Development Finance International

‘Catastrophic Failure to Tackle Inequality’ Left World Unprepared for Pandemic: Global Index

“Millions of people have been pushed into poverty and hunger and there have been countless unnecessary deaths.”

By Jessica Corbett, staff writer for Common Dreams. Published 10-8-2020

Photo: Sarah Wy/flickr/CC

With the world’s death toll from Covid-19 above one million and confirmed cases surpassing 36 million, a pair of advocacy groups on Thursday released an analysis illustrating how governments’ failures to implement policies that reduce inequality left countries “woefully unprepared” for the coronavirus pandemic.

The Commitment to Reducing Inequality Index, updated annually by Oxfam International and Development Finance International (DFI), ranks 158 governments based on three core pillars: spending on public services (meaning health, education, and social protection), progressive taxation policies, and workers’ rights. Continue reading

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US Inequality Crisis Worst in Industrialized World. Trump Will Make It Worse.

If the policies favored by the Trump administration—including massive tax cuts for the rich and reductions in spending on Medicaid and education—go into effect, the U.S. will only fall further in the global rankings

By Jake Johnson, staff writer for Common Dreams. Published 7-17-2017

“Policymaking processes dominated by elites undermine democracy,” Max Lawson and Matthew Martin write. (Photo: Dean Chahim/Flickr/cc)

The United States is already the most unequal industrialized nation in the world, and a new report published on Monday shows that President Donald Trump’s agenda would only make matters worse.

“The Commitment to Reducing Inequality Index,” developed by Oxfam in partnership with Development Finance International (DFI), uses several factors to “measure the commitment of governments to reducing the gap between the rich and the poor.”

Compared to other wealthy nations, the report concludes, the U.S. is doing “very badly” in the fight against income and wealth inequality. Continue reading

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