Boosting Shared Prosperity
Jim Yong Kim, President of the World Bank Group, spoke about how the Bank and other institutions can help boost shared prosperity and reduce inequality around the world. He talked about the importance of measuring income growth among the bottom 40...
Main Author: | |
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Format: | Speech |
Language: | English en_US |
Published: |
2016
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Subjects: | |
Online Access: | http://documents.worldbank.org/curated/en/2016/02/25877422/speech-world-bank-group-president-jim-yong-kim-howard-university-boosting-shared-prosperity http://hdl.handle.net/10986/24325 |
Summary: | Jim Yong Kim, President of the World Bank Group, spoke about how the
Bank and other institutions can help boost shared prosperity
and reduce inequality around the world. He talked about the
importance of measuring income growth among the bottom 40
percent and compared that to the general population, but
stressed that income alone cannot fully capture whether the
bottom 40 percent are sharing in the prosperity of a
country. Kim also spoke about the terrible consequences when
institutions have too low aspirations for the poor, which
the world is once again learning in its late response to the
Ebola epidemic. He discussed that it's not only a moral
imperative for countries to come to the aid of the three
countries most affected by the epidemic, Guinea, Liberia,
and Sierra Leone, but also an economic imperative to respond
as rapidly and effectively as possible now before the
epidemic spreads much wider. |
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