Why it matters
The world is experiencing a shift in economic and political power from industrialized countries in Europe, North America and Japan to emerging economies. These countries will be home to 85% of the world’s estimated 9 billion inhabitants in 2050, most of which will live in cities.
Yet poverty and inequity in many countries remain critical challenges for sustainable development and global stability. Poverty comes in many forms: about a third of the world’s population lives on less than US$ 2 a day and many suffer from malnutrition and have no access to health services, sanitation, electricity, safe drinking water, shelter or transportation.
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