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Stockholm Statement mentioned as an example of current economic policy thinking
An opinion piece published in the India’s e-paper LiveMint.com presents two examples of current economic policy thinking that have come out of the global recovery from the North Atlantic financial crisis of 2008.
The article refers to the recently signed Stockholm Statement as an intellectual initiative that is widely welcomed for its efforts in addressing inequality, climate change and inclusive growth, as well as for its recommendation to focus on social norms for building trust in the economies.
About the Stockholm Statement
Thirteen of the world's leading development economists signed the Stockholm Statement in late 2016, which summarizes what they see as the core principles for development policy-making going forward. In their view, inequality within countries is threatening social cohesion and economic progress, and development needs to be seen in a broader perspective in order to achieve more equitable and sustainable results.
The Statement is based on two days of intense discussions held in Stockholm to review and assess the challenges faced by today’s economic policy makers. The meeting was hosted by the Swedish International Development Cooperation Agency (Sida) and the World Bank on 16-17 September 2016.