The world has entered a new era of rapid global change driven by major shifts in demographics, wealth, technology, and climate change.
Today, fewer people live in extreme poverty than ever before. But economic growth has been uneven, especially in the poorest areas. Global challenges—including fiscal strains on governments, slow income growth among the poorest, natural disasters, and record levels of displacement—are threatening recent gains. These challenges are further compounded by intensifying risks and gradually tightening global financial conditions including trade tensions, rising debt levels, and increasing inequality—among and within countries.
To accelerate economic growth and inclusion in sustainable ways, countries must tackle a variety of related underlying challenges. These include low levels of domestic resource mobilization in developing countries, rising debt levels, an uncertain trade environment, and the rising danger of climate change.
Last Updated: Mar 18, 2020