Current global inequalities in living standards are close to those that existed within today's advanced economies over a century ago. What is needed is the creation on a global scale of the same sort of public redistribution mechanisms that were progressively established in the world’s richest societies over the course of the twentieth century.
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PARIS – It is now halfway to the target date of 2015 for the Millennium Development Goals (MDGs) – the ambitious blueprint, backed by the entire development community, for development in the world’s poorest countries. In the wake of the global financial crisis, which is about to hit the developing world, it is time to ask the right questions about the international community’s commitment to achieving these goals.