Political and public debate in Germany has for some time seen growing discussion of the connection between increasing income inequality and economic growth. This discussion was instigated by a number of international empirical studies (OECD 2015; Ostry et al. 2014) that found indications of a negative link between more income divergence, on one hand, and development of the economy, on the other.
The global economic crisis is characterized by massive socio-economic disparities. Oxfam’s (2016) report entitled: An Economy for the 1% concludes that 62 individuals had the same wealth as 3.6 billion people at the bottom half of humanity. Global food insecurity is also a major concern. According to the Food and Agricultural Organization (2012), 868 million people in the world were chronically undernourished in 2012, and 1.52 billion people did not have sufficient food to meet their basic nutritional requirements. This figure declined slightly to 805 million by 2014.
SPII is bringing together key Policymakers from line departments, as well as academics who have worked in this field, organized labour researchers, civil society actors working alongside communities to share the narratives that are taking place amongst people affected by scarcity, and to obtain a sense of hoe the UN CESC has interpreted state obligations through their past Notes given South Africa’s recent ratification of UN International Economic, Social and Cultural Rights.
The historical convergence of ever more sophisticated smart phones, wireless high speed internet and Big Data (also known as »the cloud«) is changing the social and economic landscape in dramatic ways.