There is an ever-widening gap between the rich and the poor in today’s global economy. Many countries are currently experiencing the harshest economic conditions ever seen. Most of the countries that are experiencing it the worst are those in sub-Saharan Africa. The goal of the G20 is to address these problems in the most efficient way possible to ensure short-term recovery and long-term growth in accordance with the Millennium Development Goals. There have been policies enacted and progress made in the eradication of poverty, yet this is not enough.

In Catholic Social Thought, the Universal Destination of Goods is the belief that all goods are God-given and must be properly dispersed to every human being without exclusion. This idea transcends the G20’s plans by calling for a complete fulfillment of social participation and not just economic survival. Catholic Social Thought values human well being as well as financial solvency, and this seems to be the greatest distinction in viewpoints because of the G20's values of economic growth and progress in terms of benchmarks and yardsticks.

Certain strategies can help reduce the differences and narrow the gap between catholic and social viewpoints. Decreasing the number of excluded countries that can have a say in the allocation process is a movement in the right direction. More importantly, a reversing of the entire lending system could provide a strong compromise to reduce poverty. Modeling lending after micro finance institutions could create an economically and morally sound poverty reduction plan. These strategies could embolden developing nations and enable them to offer insight into their own fiscal dilemmas.

Catholic Social Thought’s idea of Universal Destination of Goods coupled with the G20’s recovery plan for Emerging-Market Economies creates a difficult infusion of moral and economic dilemma. The appropriate cooperation between both viewpoints is necessary for real intervention and actual change to come into effect. The strategies mentioned offer a glimpse of hope into that direction, a direction where all humans are entitled to their inalienable rights and all goods are moved freely from one to another without exclusion or personal gain. This direction is possible with proper cooperation and guidance to create an economically and morally sustainable world for generations to come.

Works Cited

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