a concern first obviously all the stories that we just shared on what what inequality means to us that you know that it s hard it s difficult it s not fair but at the same time just from a pure economic standpoint it s not an efficient use of human capital and resources that are at the disposal of any economy so it actually has a negative return to the potential of economic growth over time but it also has a negative impact on on social cohesion over time and i think that what we ve seen in a lot of overthrow cycles. in the united states in europe and in asian countries elsewhere are reflections of people that feel that they ve been left behind by many many decades of good economic growth around the world so you ve talked to some of the major implications off inequality for asia on a bigger list we don t you hear talked about this disappointed look in the eyes of young guys this month going to be a point in form of inequality but tell us a little bit more as to how it equality affects
know the fiscal policy can play a role in addressing the issue of this inequality but i think the important question that means. actually even though we already implemented this code. in the quote the script writing i think this issue has to do about the implementation let me give an example we are talking about a location of the government spending on the socialist system the question is what kind of socialist system let me give an example about the case of indonesia trying to protect the poor by providing. a subsidy for the few in fact the one who get a benefit of this fuel subsidy use middle and upper class not the people who try to proof either not location about twenty percent of the budget for the education but in fact not much improvement on the quality so deciding the mechanism is very important what would you say what needs to be done instead of subsidies some people
much to solve inequality gender inequality economic inequality opportunity inequality that all it needs to be addressed in transforming the educational system today because it will be too late if we don t attack this especially given the massive demographic boom that is actually being experienced it so the demographic boom can go both ways it can go as a bonus if you get the education right to be or it could be a massive both political and social risk if it creates even a higher inequality because the most unhappy person is a college graduate who comes out and can t find opportunity that is wednesday. countries begin to destabilize and so i think i think you know i m torn between that want the medium term ones and the real long term educational initiatives that are no short of a herculean task because you ve got to transform the education system evolving it
content and data online you will be creating wealth in the future i think maybe this is something that all our nations should be looking at instead of allowing big national international com one where it deciding what to do with our data that should belong to our own national sovereignty again because you know you will this is still second jealous united nations before you join plan international as a c.e.o. you also work for the danish foreign ministry how do you see i mean technology can be leveraged to to do to decrease inequality if you have access to it as we ve one race examples off that we really need is the balance line between public policy and entrepreneurial skills within the society to kind of increase financial inclusion. so there is no doubt that there will be huge benefits also for the bottom billion with the technology advancement but it has to be matched by
said what about you know image of inequality well thank you michel for inequality for me and perhaps i m a bit different from what that append section that. imagine if you and i will change if you have been to get on to a public bus which most of the time it s not designed to be able frankly are based on universal standards and the moment you get off the bus that s no shelter at bus stop and if it s raining assuming i imagine that you have to will yourself back home for two hours in the rain to me that s really the quality that s we have a different and very think something the quality that the discomfort here now one thing is clear that as i mentioned despite the fact that i was only a single record growth in the last twenty years inequality has risen not think you ve done another one like on inequality no one of the figures that i read is that the richest person. in one day what the poorest man earns in about