Our fixation with growth is hindering the battle against inequality, WEF warns

by Dramelin 8:30 AM 0 comments

WEF’s Samans: There are legitimate concerns regarding US trade policy    4 Hours Ago | 02:54 The World Economic Forum (WEF) warned Monday that global leaders are too reliant on gross domestic product (GDP) as a measure to track success.
This results in world leaders failing to account for how inclusive, or not, their economies are, the WEF said.
The Forum`s 2018 Inclusive Development Index was released Monday, on the eve of the WEF conference in Davos, Switzerland.
It showed that while advanced economies grew GDP by 5.
3 percent, on average, between 2012 and 2016, inclusion grew only by 0.
"Under-emphasis of these (structural) policies relative to macroeconomic, trade and financial stability policies is a key reason for many governments` failure in recent decades to mobilize a more effective response to widening inequality and stagnating median income as technological change and globalization have gathered force," the report said.