Anglo woes

Readers' Views No 296, Q3 2013
OECD Observer

Attempts to bring about a more equitable and sustainable global recovery will be much constrained by the acute and growing inequality in wealth and income in the US/Anglo-type economies ("Towards a sustainable, more equitable, recovery" in No 295, Q2 2013).

The poor and excluded, and even the "squeezed middle" of the population in those societies with these economies, will be ill-disposed towards attempts at reducing inequalities between societies, when they are increasingly so hard-pressed and suffering from a lack of well-being in their own societies. Much evidence on the negative consequences of gross and unjustified inequality within the US/Anglo societies themselves has been accumulating since the pioneering work, "The Spirit Level" by Wilkinson and Pickett. (See this comment online at for link to UNICEF reference)

—Edward Harkins, posted on

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©OECD Observer No 296, Q3 2013

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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