+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

This Is The No.1 Economic Trend To Watch Going Into 2015

Nov 11, 2014, 00:36 IST

WEF/F. Alvaredo, A. B. Atkinson, T. Piketty and E. Saez, 2013. 'The World Top Incomes Database

The World Economic Forum is out with its new Outlook on the Global Agenda 2015.

Advertisement

Deepening income inequality tops the list of economic trends to watch, as chosen by WEF's survey respondents (about 1,750 people from a network of "members and alumni of the Global Agenda Councils, as well as Young Global Leaders and Global Shapers").

The US tops the list of most unequal of the world's rich nations, and has surged ahead of the rest mostly in the last 30 years (see the above chart). However, the survey respondents don't think that North America will be the most affected by deepening inequality over the next year. That honor goes to Asia:

What should be done about inequality? The report doesn't get into specifics, but it does say this: "We know what we need: inclusive economies in which men and women have access to decent employment, legal identification, financial services, infrastructure and social protection, as well as societies where all people can contribute and participate in global, national and local governance."

Here are the rest of the top trends:

Advertisement

WEF

Of note, last year's #1 trend, "rising societal tensions in the Middle East and North Africa" has completely dropped off the list (or, debatably, has been folded into this year's #8, "intensifying nationalism.")

You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article