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The bank succeeded in incorporating its goal of shared prosperity into SDG 10. Shared prosperity was a ready-made framework to use, and it left out sensitive political discussions around inequalities of outcome. The bank defined shared prosperity as increasing the income of the bottom 40 percent of the population in each country. [13]
Share Our Wealth was a movement that began in February 1934, during the Great Depression, by Huey Long, a governor and later United States Senator from Louisiana. [1] Long first proposed the plan in a national radio address, which is now referred to as the "Share Our Wealth Speech". [ 2 ]
[5] [61] The bank defined Shared Prosperity as increasing the income of the bottom 40 percent of the population in each country. As a result, reducing inequality, in this definition, had become an integral part of the World Bank's objectives and effectively “broadened its mandate”. [citation needed]
The sharing economy is a socio-economic system whereby consumers share in the creation, production, distribution, trade and consumption of goods, and services. These systems take a variety of forms, often leveraging information technology and the Internet, particularly digital platforms, to facilitate the distribution, sharing and reuse of excess capacity in goods and services.
Common prosperity was mentioned again in a People's Daily headline in December 1953, in which it said there were two paths to take forward; either capitalism, "a road of a few getting rich, while the vast majority are poor and destitute", and socialism, which was "the path of common prosperity". [2]
Creating shared prosperity; Advancing economic competitiveness; Safeguarding the environment; Strengthening knowledge and institutions. Each of these programmatic fields of activity contains a number of individual programmes, which are implemented in a holistic manner to achieve effective outcomes and impacts through UNIDO's four enabling ...
The bank also says protecting people in the way of big projects is a “cornerstone” of its efforts to “end extreme poverty and promote shared prosperity.” In Kenya, the World Bank’s in-house Inspection Panel found the bank violated its policies by failing to do enough to protect the Sengwer, an indigenous minority group in Kenya’s ...
In philosophy, economics, and political science, the common good (also commonwealth, common weal, general welfare, or public benefit) is either what is shared and beneficial for all or most members of a given community, or alternatively, what is achieved by citizenship, collective action, and active participation in the realm of politics and ...