Rich Nations Urged to Do More to Fight Poverty

International trade will only help fight global poverty if rich countries turn their rhetoric into action, says Stiglitz

Nobel Laureate and chairperson of the Brooks World Poverty Institute, Joseph Stiglitz, says international trade will only help fight global poverty if rich countries turn their rhetoric into action.

Speaking at the Global Poverty Summit in Johannesburg, Stiglitz pointed out that, “It is time to bring the talks to a close. Successfully doing so requires courage and sacrifice by the rich countries.”

The summit heard that over a billion people, around a fifth of the world’s population, live in absolute poverty, despite inhabiting a world rich in resources, knowledge and technology.

To read the article titled, “Global trade critical to reduce poverty,” click here.

Source: 
The Citizen

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