Dervis Discusses Inequality in Emerging Markets

While headlining at a lecture series at the Oraganization of American States last week, the head of the United Nations Development Programme (UNDP), Kermal Dervis, stated that inequality is one of the main problems facing emerging markets. According to Dervis,

“It’s a challenge for globalization, it’s a political challenge for democracy, because if markets do not produce inclusive results, if large parts of the population are left out of the progress … we will see strong populists reactions."

Dervis emphasized that states need to be extremely serious about fighting poverty and inequality or risk facing severe limits to the current growth model in emerging market economies. For the full press release, click here.