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CURRENT AFFAIRS
Description
The World Social Report 2025 has raised serious concerns over the escalating levels of economic insecurity and inequality worldwide. According to the report, over one-third of the global population is struggling to survive on daily incomes that barely meet basic needs. It calls for urgent reforms, proposing a fresh policy framework centered on equity, economic security, and solidarity to tackle these pressing issues.
Global Situation Overview
Despite notable achievements in reducing poverty over the years, the report reveals that vulnerability remains high. More than 2.8 billion people are living on incomes ranging between $2.15 and $6.85 per day. Economic disruptions can quickly push these individuals back into extreme poverty. Job insecurity is widespread, with 60% of workers expressing fear of losing their jobs. Additionally, rising income inequality is damaging social trust and weakening community bonds.
Major Highlights Of Report
The report identifies three critical principles for ensuring sustainable development: equity, economic security for all, and solidarity. These foundations are seen as vital for addressing the escalating social crisis. Alarmingly, the report points out that more than half of the world's population has lost trust in their governments, a situation worsened by the rapid spread of misinformation.
Consequences Of Inequality And Economic Insecurity
The growing gap between the rich and poor, coupled with economic instability, is fragmenting societies. Economic uncertainty has left many people feeling alienated and divided. Without immediate intervention, the report warns that achieving the Sustainable Development Goals (SDGs) by 2030 will likely remain out of reach. It also notes that the concentration of wealth and power among a small elite is intensifying societal divides.
Urgent Need For Transformational Change
The report emphasizes the necessity for comprehensive reforms to rebuild trust and restore social cohesion. It argues that current policies and institutions are insufficient to address modern challenges. There is an urgent need to redesign these frameworks to better reflect the realities of today's global landscape.
About World Social Report
The World Social Report is an annual publication from the United Nations Department of Economic and Social Affairs, produced in collaboration with the United Nations University World Institute for Development Economics Research (UNU-WIDER). It plays a crucial role in informing global discussions on socio-economic development and policy-making.
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