The global social mobility Report 2020: "Equality, opportunity and a new Economy"

The global social mobility Report 2020: "Equality, opportunity and a New Economy"

Global social mobility Report 2020

           “The global social mobility Report 2020: Equality, Opportunity and a New Economy” has been the first time released by the world economic forum. The Global Social Mobility Index, emphasize on drivers of relative social mobility rather than results. It sees approaches, practices, and foundations. This permits it to empower powerful examinations all through regions and generations. It uses 10 key points, which in turn are broken down into 5 determinant of social mobility i.e. education, health, working conditions, work opportunities, and fair wages and finally, technology access, social protection, and inclusive institutions.

              Denmark topped the rankings with a social mobility score of 85.2 and India was at 76^th position having a score of 42.7.

                Henley Passport Index 2020

Key points of global social mobility Report 2020

• Global momentum is needed on tackling inequality through a new social mobility agenda.
• The Nordics and parts of Europe outperforms the rest of the world.
• Low wages, lack of social protection and poor lifelong learning systems are the greatest challenges globally.
• The economic and social returns from investing in the right mix of social mobility factors are substantial.
• A new financing model for social mobility is necessary through taxation but must be complemented by a new mix of spending and tailored approaches.
• Improving access to education opportunities throughout an individual’s life is a critical factor for all economies.
• Forging a new social contract that provides adequate social protection beyond full-time employment contracts are important across economies.
• Businesses must be a core stakeholder within the efforts around social mobility for his or her own employees, workers in their value chains and their communities broadly.
• A combination of technological change, economic trends, and talent demand is changing income inequality outcomes within different industries.
• Professional networks, an implicit driver of social mobility, are suffering from geography and socio-economic background.
• The geography of social mobility is partially determined by an individual’s profession.

Global social mobility Report 2020

Rank	Country	Score
1	Denmark	85.2
2	Norway	83.6
3	Finland	83.6
4	Sweden	83.5
5	Iceland	82.7
6	Netherlands	82.4
7	Switzerland	82.1
8	Austria	80.1
9	Belgium	80.1
10	Luxembourg	79.8
11	Germany	78.8
12	France	76.7
13	Slovenia	76.4
14	Canada	76.1
15	Japan	76.1
16	Australia	75.1
17	Malta	75
18	Ireland	75
19	Czech Republic	74.7
20	Singapore	74.6
21	United Kingdom	74.4
22	New Zealand	74.3
23	Estonia	73.5
24	Portugal	72
25	South Korea	71.4
26	Lithuania	70.5
27	United States	70.4
28	Spain	70
29	Cyprus	69.4
30	Poland	69.1
31	Latvia	69
32	Slovak Republic	68.5
33	Israel	68.1
34	Italy	67.4
35	Uruguay	67.1
36	Croatia	66.7
37	Hungary	65.8
38	Kazakhstan	64.8
39	Russian Federation	64.7
40	Bulgaria	63.8
41	Serbia	63.8
42	Romania	63.1
43	Malaysia	62
44	Costa Rica	61.6
45	China	61.5
46	Ukraine	61.2
47	Chile	60.3
48	Greece	59.8
49	Moldova	59.6
50	Viet Nam	57.8
51	Argentina	57.3
52	Saudi Arabia	57.1
53	Georgia	55.6
54	Albania	55.6
55	Thailand	55.4
56	Armenia	53.9
57	Ecuador	53.9
58	Mexico	52.6
59	Sri Lanka	52.3
60	Brazil	52.1
61	Philippines	51.7
62	Tunisia	51.7
63	Panama	51.4
64	Turkey	51.3
65	Colombia	50.3
66	Peru	49.9
67	Indonesia	49.3
68	El Salvador	47.4
69	Paraguay	46.8
70	Ghana	45.5
71	Egypt	44.8
72	Lao PDR	43.8
73	Morocco	43.7
74	Honduras	43.5
75	Guatemala	43.5
76	India	42.7
77	South Africa	41.4
78	Bangladesh	40.2
79	Pakistan	36.7
80	Cameroon	36
81	Senegal	36
82	Côte d'Ivoire	34.5