{"id":31415,"date":"2024-10-26T18:33:03","date_gmt":"2024-10-26T13:03:03","guid":{"rendered":"https:\/\/www.nextias.com\/ca\/?p=31415"},"modified":"2024-10-26T18:33:04","modified_gmt":"2024-10-26T13:03:04","slug":"commitment-to-reducing-inequality-index","status":"publish","type":"post","link":"https:\/\/www.nextias.com\/ca\/current-affairs\/26-10-2024\/commitment-to-reducing-inequality-index","title":{"rendered":"Commitment to Reducing Inequality Index"},"content":{"rendered":"\n<p><strong>Syllabus: GS3\/Inclusive Growth<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Context<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The Index is published by international non-governmental organisation Oxfam and Development Finance International (DFI), measuring <strong>164 countries\u2019 commitment to reducing inequality.\u00a0<\/strong><\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>About<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>The<strong> fifth edition<\/strong> of the index ranked countries on their policies regarding <strong>public services spending<\/strong> (education, health and social protection), progressive taxation, and labour rights and wages .<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Major Highlights<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Nine out of ten countries <\/strong>are implementing policies and actions likely to increase economic inequality.<\/li>\n\n\n\n<li><strong>Major Cuts: 84 percent of countries<\/strong> have cut investment in education, health and social protection, <strong>81 percent weakened<\/strong> their tax systems\u2019 ability to reduce inequality, and in <strong>90 percent of them<\/strong>, labour rights and minimum wages have worsened.<\/li>\n\n\n\n<li><strong>The top performers<\/strong>: These are all high-income countries, led by Norway, Canada, Australia, Germany and Finland.\n<ul class=\"wp-block-list\">\n<li>L<strong>abour policies: <\/strong>These countries start from much lower wage inequality.\u00a0<\/li>\n\n\n\n<li>They have<strong> high social spending and collect more tax revenue<\/strong>.\u00a0<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Belarus, Costa Rica and South Africa <\/strong>are at the best-performing among the low- and middle-income countries.\u00a0<\/li>\n\n\n\n<li><strong>The worst performers: <\/strong>They are low- and lower middle-income countries, all situated in sub-Saharan Africa (South Sudan, Nigeria, Zimbabwe, Uganda, Central African Republic, Liberia, Sierra Leone and Burundi).\u00a0<\/li>\n<\/ul>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img data-dominant-color=\"97b6bb\" data-has-transparency=\"false\" style=\"--dominant-color: #97b6bb;\" loading=\"lazy\" decoding=\"async\" width=\"435\" height=\"335\" src=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2024\/10\/south-asian-countries-ranking-1-jpg.webp\" alt=\"south-asian-countries-ranking\" class=\"not-transparent wp-image-31417\" srcset=\"https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2024\/10\/south-asian-countries-ranking-1-jpg.webp 435w, https:\/\/wp-images.nextias.com\/cdn-cgi\/image\/format=auto\/ca\/uploads\/2024\/10\/south-asian-countries-ranking-1-300x231.webp 300w\" sizes=\"auto, (max-width: 435px) 100vw, 435px\" \/><\/figure>\n<\/div>\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Recommendations:\u00a0<\/strong>\n<ul class=\"wp-block-list\">\n<li>Develop clear national time bound plans to reduce inequality.<\/li>\n\n\n\n<li>Prioritize public spending on essential public services such as education, healthcare and social protection.<\/li>\n\n\n\n<li>Increase progressive taxation by taxing the income of the richest 1%.<\/li>\n\n\n\n<li>Intervene in the labour market to protect all workers.<\/li>\n\n\n\n<li>Develop gender-responsive policies to recognize, reduce and redistribute unpaid care work and ensure that paid care workers are represented and rewarded justly.\u00a0<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<p><strong>Source: <\/strong><a href=\"https:\/\/www.downtoearth.org.in\/governance\/sdgs-threatened-as-90-countries-backslide-in-commitment-to-reducing-inequality-oxfam\" target=\"_blank\" rel=\"noopener\"><strong>DTE<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Index is published by international non-governmental organisation Oxfam and Development Finance International (DFI), measuring 164 countries\u2019 commitment to reducing inequality.\u00a0<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-31415","post","type-post","status-publish","format-standard","hentry","category-current-affairs"],"acf":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/31415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/comments?post=31415"}],"version-history":[{"count":1,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/31415\/revisions"}],"predecessor-version":[{"id":31418,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/posts\/31415\/revisions\/31418"}],"wp:attachment":[{"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/media?parent=31415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/categories?post=31415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nextias.com\/ca\/wp-json\/wp\/v2\/tags?post=31415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}