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Report of the Independent Expert on the Effects of Foreign Debt
Report

Report of the Independent Expert on the Effects of Foreign Debt

...and Other Related International Financial Obligations of States on the Full Enjoyment of Human Rights, Particularly Economic, Social and Cultural Rights


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Editorial Rating

8

Recommendation

Policy leaders are increasingly focusing on income and wealth inequality as the global economy continues its plodding recovery from the 2008 financial crisis. Juan Pablo Bohoslavsky, the United Nations’ Independent Expert on foreign debt and human rights, examines whether inequality can cause financial disruptions and outlines the many effects that crises have on individuals’ “full enjoyment of human rights.” getAbstract recommends his cogent, erudite analysis, which explores the layered dimensions of the inequality debate, to policy makers, executives and investors.

Take-Aways

  • Reducing wealth and income inequality is one of the United Nations’ Sustainable Development Goals.
  • The proportion of global wealth owned by the top 1% of the population grew from 44% in 2010 to an excess of 50% in 2015.
  • Sovereign states with severe inequality must contend with a reduced tax base and heavy borrowing, creating a high risk of debt defaults and financial crises.

About the Author

Juan Pablo Bohoslavsky, an attorney, is the United Nations’ Independent Expert on foreign debt and human rights.