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Reducing Economic Inequality as a Sustainable Development Goal

Economic inequality is a key component of fighting poverty, counteracting climate change, and promoting sustainability. However the Millennium Development Goals of 2015 do not include combating economic inequality as one of their key goals. The report issues three key recommendations for prioritizing this issue over the coming years. First, that a standalone development goal be created to end extreme inequality. Second, that the Palma measure of wealth concentration and distributional growth in gains should be used to evaluate economic inequality of a given region. Third, that the final goal decision makers should be composed of the UN Secretary General and should not allow politics to get involved in the final decision. Country-by-country targets should be set quickly in order to allow countries to rapidly act on the top-level development goals.
Faiza Shaheen
New Economics Foundation
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