![]() ![]() ![]() One of the earliest examples of equity is found in Medieval England, when English courts settled disputes according to Common Law. Often, this has been taught when we were growing up, but 'fairness' really only works when we're all the same to start out with. The concept of ' fairness' can get tricky as it's often assumed that 'being fair' means that everybody gets the same thing. In other words, it's not giving everyone the exact same thing. If we give everyone the exact same thing, expecting that will make people equal, it assumes that everyone started out in the same place - and this can be vastly inaccurate because everyone isn't the same. Let's hear from Belgium-based inclusion specialist Tamara Makoni, founder of Kazuri Consulting as she clearly explains the difference between equality and equity - and why it truly matters to #EmbraceEquity.Įquity can be defined as giving everyone what they need to be successful. ![]() Let's start with a basic definition of each word.Įquality means each individual or group of people is given the same resources or opportunities.Įquity recognizes that each person has different circumstances, and allocates the exact resources and opportunities needed to reach an equal outcome. ![]() Image source: Robert Wood Johnson Foundation The IWD 2023 #EmbraceEquity campaign theme seeks to get the world talking about why "equal opportunities are no longer enough" - and can in fact be exclusionary, rather than inclusive. So, what's the difference between equityand equality - and why is it important to understand, acknowledge and value this? The words equity and e quality are often used interchangeably.Įtymologically, the root word they share is aequus, meaning “even” or “fair” or “equal” - which led to equity being from the Latin aequitas, and equality from aequalitas. Yet, despite these similarities, equity and equality are inherently different concepts, and the IWD 2023 #EmbraceEquity campaign theme seeks to help forge worldwide conversation about this important issue and its impact. The clearest evidence of a retreat from physical gold can be seen in the holdings of the world’s largest gold-backed exchange traded fund, SPDR Gold Trust, down more than 20 tonnes to about 1,111 tonnes since December 29.Equality versus Equity: What's the difference as we #EmbraceEquity for IWD 2023 and beyond? “As long as risk aversion is low investors will prefer equities to the metal because physical gold is a synonym for fear,” said Eugen Weinberg, commodities analyst at Commerzbank. The stampede to gold is likely to resume later this year, when tighter monetary and fiscal policy to rein in potential inflation and government deficits respectively reinforce fears of financial, political and economic instability.īut for now, many investors expecting a more benign environment than they have seen in the last couple of years and wanting to keep their exposure to gold have shifted their money from the physical to bullion producers. currency continues its ascent and makes the precious metal more expensive for holders of other currencies. Gold’s popularity will return because investors fear inflation and sovereign downgrades, even if the U.S. A man carries a bowl of gold at SJC gold factory in Ho Chi Minh city January 22, 2010. ![]()
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