DAVOS, Switzerland (AP) — The U.N. trade chief says global leaders should focus much more on reducing growing inequalities around the world than constantly looking to appease financial markets, which largely benefits the rich.
Supachai Panitchpakdi said movements such as the Arab Spring uprisings and Occupy Wall Street demonstrate the growing disparity between frustrated youth who feel they lack a voice and financiers who reap huge salaries from dealings that don’t promote real economic growth.
Panitchpakdi is the head of the U.N. Conference on Trade and Development. In an interview Saturday with The Associated Press at the World Economic Forum, he said it’s past time to promote economic growth that eradicates inequality.
