The world will need an extra US$ 50 billion every year till 2015 to reduce by half the proportion of people living on less than a dollar a day. A Copenhagen Consensus report suggests local solutions will not work; the prescription now is for global action.
Set up by the government of Denmark, the Copenhagen Consensus has deliberated precisely such priorities through a process engaging some of the world's top economists. Presented by the sceptical environmentalist Bjorn Lomborg, the report lists where the world should be investing over the next few years to tide over compelling social and environmental concerns. Unlike previous similar attempts, notably the Washington Consensus, the Copenhagen Consensus was designed to accommodate at least two alternative perspectives on each of the leading submissions on the 10 most pressing global concerns, from climate change to communicable diseases; from financial instability to food insecurity; and from migration to trade barriers. The expert ranking panel put in extra time to come up with a list of priorities....more