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The growing income inequalities both within and between countries spurred by capital flight, tax evasion, and privatization have slowed down the progress on key social indicators to a near halt over the last two decades. According to the Social Watch calculations, universal compliance with the Millennium Development Goals is now an impossible feat, if the world governments maintain a “business as usual” attitude. The grassroots activists and civil society analysts from around the world that contributed to the report show how the pervasiveness of extreme poverty and gender inequity is intimately linked to the immediate effects of the current triple crisis and to longer term structural issues ingrained in the global financial architecture. The report documents the widespread, haphazard implementation of policies promoting economic liberalization and deregulation having provoked the curtailment of peoples´ economic and social rights around the globe. That liberalization and deregulation now curtail the ability of many governments to comply with their international commitments to end poverty and achieve gender equality.
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