By Richard Johnson | IDN-InDepth NewsReport
PARIS (IDN) – Despite development successes over the past 20 years and the progress of many emerging economies, inequality is increasing in all countries and 1.4 billion people still live in absolute poverty. This gloomy situation was acknowledged by development ministers from industrial and emerging economies, who met in London on December 4 and 5 for the High Level Meeting (HLM) of the Development Assistance Committee (DAC), which comprises 24 of the 34-nation Organisation for Economic Co-operation and Development (OECD).