New Delhi, Jan. 22 -- The G-20 presidency of South Africa ended last November with the release of a report on global inequality. It was authored by a G-20 committee of independent experts chaired by Nobel Prize winner Joseph Stiglitz and called for a coordinated effort by countries to reduce inequality in all its dimensions. It suggested the setting up of an international panel on inequality similar to the Intergovernmental Panel on Climate Change.

The report is important, given the rise in inequality across countries, rich as well as developing. The issue is no longer an isolated phenomenon restricted to some countries in the Global South. Most governments elsewhere too are concerned by the extent of inequality and its rise, given how i...