Global Economy
World Economic Forum
Ashwin Kumar carried out economic research to support Gordon Brown’s work as chair of the World Economic Forum’s Global Issues Group (comprising of the heads of the UN, IMF, World Bank, OECD, WTO, ILO, World Food Programme, and regional Development banks). This included writing the presentation delivered by Gordon Brown on the economic and governance challenges facing the world in the years to 2025 that initiated the work of the group.
Global economic challenges
Ashwin provided advice and research for Gordon Brown’s forthcoming work on the challenges facing the world over the next two decades.
Looking at global labour markets, he provided analysis of the relative impacts of education, technology and globalisation on the demand for skills, and on earnings distributions and inequality. He carried out analysis looking at the relationships between economic growth, inequality and growth-to-poverty conversion rates and built a projection model to assess the prospects for reducing $1.25 and $2.00-a-day poverty over the next two decades. He used projections by World Bank economists of global and regional income distributions to assess likely changes in the size of the global middle class, focusing particularly on those in the lower half of the income distribution in lower income countries. He also provided advice on future prospects for global migration and resource pressures. |
"... very good grapes can be raised in Scotland, and very good wine too can be made of them at about thirty times the expense for which at least equally good can be brought from foreign countries. Would it be a reasonable law to prohibit the importation of all foreign wines, merely to encourage the making of claret and burgundy in Scotland?"
Adam Smith
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