General Assembly Second Committee - ECOFIN


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General Assembly Second Committee: Economic and Financial Affairs Council

Country: Republic of India

Topic: Reducing Economic Inequality and Financing Sustainable Economy

Widening income inequality is the defining challenge of our time. 71% of the world holds only 3% of global wealth, while the richest 8.1% of the global population owns 84.6% of global wealth. But inequality isn’t just about the riches owning what the poor doesn’t. The causes of inequality can be divided into four groups which consist of economic reforms, including negligence of the poor in rural area, lack of decent housing, and market liberalization and globalization; land ownership, comprising land inequality and social justice, lack of land distribution, landowners and powerful pressure groups, a...