RSS:

Newsletter subscribe:

Global Economic Growth

In It Together: Why Less Inequality Benefits All

Date of Editorial Board meeting: 
Publication date: 
Thursday, May 21, 2015
Abstract in English: 
The gap between rich and poor keeps widening. Growth, if any, has disproportionally benefited higher income groups while lower income households have been left behind. This long-run increase in income inequality not only raises social and political concerns, but also economic ones. It tends to drag down GDP growth, due to the rising distance of the lower 40% from the rest of society. Lower income people have been prevented from realising their human capital potential, which is bad for the economy as a whole. This book highlights the key areas where inequalities are created and where new policies are required, including: the consequences of current consolidation policies; structural labour market changes with rising non-standard work and job polarization; persisting gender gaps; the challenge of high wealth concentration, and the role for redistribution policies.
File: 
Country of publication: 
Cover page image: 
Number of pages: 
44
Share: 

World Oil Outlook 2014

Date of Editorial Board meeting: 
Publication date: 
Wednesday, October 1, 2014
Abstract in English: 
The OPEC World Oil Outlook (WOO) has been published annually since 2007. It presents projections for the medium-term (to 2019) and long-term (this year extended to 2040) for oil demand and supply. The main conclusions of the WOO 2014 are that oil will continue to play a major part in satisfying world energy needs, as the global economy more than doubles in size, population grows, prosperity expands everywhere, and despite a strong reduction in energy intensity. It also illustrates the growing significance of developing countries in the energy landscape and the progressive shift towards Asia as its gravity centre. Resources are amply sufficient to meet future oil needs. The WOO also emphasizes the many uncertainties associated with the global economy and non-OPEC supply.
File: 
Country of publication: 
Cover page image: 
Number of pages: 
396
Share: 
Subscribe to RSS - Global Economic Growth