This article is published in collaboration with IMF Direct.
We should have seen a decrease in inequality with globalization, but that’s not what has happened in the last 25 years, according to Nobel Laureate and Harvard Professor Eric Maskin. While there are a number of reasons to care about inequality, he says there is a high correlation between high inequality and social and political unrest, with consequences for a country’s political and economic stability.
In this podcast interview with Professor Maskin, he explores how and why inequality is a widespread phenomenon that affects rich and poor countries alike.
While it was widely expected that globalization would reduce inequality, income disparities between skilled and unskilled workers has only increased in recent years.
Improving the skill set of those left behind by globalization through education and training could make a significant difference to close the gap.
Listen to the interview here https://www.weforum.org/agenda/2016/03/why-rich-and-poor-countries-should-care-about-inequality/?utm_content=buffere9dc0&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer.
June 2025
Philippine Environment Month!
“Action for Nature, for the Future!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
Monthly Observances:
1 Jun – World Day of Parents
5 Jun – World Environment Day
7 Jun – World Food Safety Day
8 Jun – World Oceans Day
12 Jun – World Day Against
Child Labour
15 Jun – World Elder Abuse Awareness Day
16 Jun – International Day of Family Remittances
17 Jun – World Day to Combat Desertification and Drought
20 Jun – World Refugee Day
25 Jun – Day of the Seafarer
27 Jun – Micro-, Small and Medium-sized Enterprises Day
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
