 UNU Wider has had the history of setting the agenda on critical issues in research and policy. The core policy challenge that we have right now in the S.T.A.R.E.D. development goal agenda is inequality. There's been a lot of work on inequality from very different scholarly traditions. But what we don't really know much about is inequality across generations and that social mobility. UNU Wider is launching a five-year program on social mobility. Social mobility matters because if a child is born into this world, it should not matter if the child is born into a low-income household or a high-income household. Born into a disadvantaged caste or ethnic group or a higher advantage caste or ethnic group. The project defines social mobility to be improvements in people's conditions, income or occupation or social rank or status. This particular project will address the drivers of social mobility, the consequences of social mobility and the policy challenges around the lack of social mobility. Why do we see that persisting across generations? Non-changes for people or downward changes are also part of social mobility and not the kind that we want to have. We're also interested in understanding and trying to measure and document the underpinnings of more substantive progress. The lack of social mobility has perhaps not been studied in depth. This is why the particular project on social mobility is exactly addressing this particular policy challenge. The project brings together knowledge about social mobility from different disciplines. Work by sociologists, anthropologists, political scientists to have a more complex and nuanced view of inequality. If hundreds of thousands of very talented people are not achieving their potential, then a huge part of the human capital of that country is being wasted, which seems like a huge waste for the country and a huge loss of opportunity for these individuals. End of the five years, we expect to see a body of research that will be relevant for policy makers in the global south that will absolutely transform our understanding of the lack of social mobility in the global south.