Towards a Policy Framework for Reducing Inequalities

Abstract

Reduction of existing inequalities must become a major goal in both national and international policy agendas. Piecemeal approaches based on single initiatives directed towards ‘helping the poor’ are unlikely to be successful; instead what is required is an economic and social policy framework oriented towards inequality reduction. This requires national policies of asset redistribution and economic diversification, appropriate fiscal, monetary and financial strategies, and social policies, all incorporating respect for nature as an essential principle. International regimes of trade and capital flows need to be supportive of such national strategies.