November 4, 2025

Landmark G20 Report Led by Nobel Laureate Joseph Stiglitz Sounds Alarm on ‘Inequality Emergency’ and Calls for International Panel on Inequality.

Conference, Meetings and Workshops

General

The Committee highlights how inequality, particularly in the extremes, has many negative economic, political and societal outcomes, each interacting with the other in ways that exacerbate the adverse effects. High wealth inequality in particular undermines both democracy and economic progress. Recent events since 2020, including COVID-19, the Ukraine war and new tariffs and trade disputes since the beginning of 2025 are creating a ‘perfect storm’ which is further increasing poverty and inequality. One in four people worldwide now regularly skip meals, whilst billionaire wealth has now hit the highest level in history. The Report highlights how different policies could help to reduce inequality at the national and international levels, and notes the role that the G20 can play in facilitating global coordination.

Summary Report

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Summary and Full Report

This report is authored by the 2025 G20 Extraordinary Committee of
Independent Experts on Global Inequality, led by Joseph E. Stiglitz, and joined by Adriana Abdenur, Winnie Byanyima, Jayati Ghosh, Imraan Valodia and Wanga Zembe-Mkabile. The Extraordinary Committee expresses its gratitude to the President of South Africa, His Excellency Cyril Ramaphosa, for constituting the G20 Extraordinary Committee for the South African G20 Presidency in 2025, and for commissioning it to publish this report.

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