Today's date:
Fall 1996

Global Inequality: 358 Billionaires vs. 2.3 Billion People

James Gustave Speth is administrator of the United Nations Development (UNDP). The 1996 annual Human Development Report of the UNDP profiled the growing income inequality globally, as well as within societies, since the end of the Cold War. The UNDP chief outlines below the key lessons that emerge from that report.

New York - Two widespread and dangerous myths about the global economy have arisen to the status of conventional wisdom in the aftermath of the Cold War. These myths need to be dispelled with harsh facts if the world at large is going to make any future progress on the path of "human" development

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