The world's political and business elite are being urged to do more than pay lip service to growing inequalities around the world as they head off for this week's World Economic Forum in the Swiss ski resort of Davos.
Two reports published Monday, from Oxfam and public relations firm Edelman, warned that the widening gap between the haves and have-nots since the global financial crisis is undermining a decades-long effort to reduce global poverty and fueling the rise of populist politicians. According to Oxfam, the scale of the problem is increasingly stark: just 62 people, it says, own the same wealth as half the planet. The compares with 388 people just five years ago, when the global economy was just emerging from its deepest recession since World War II.
Two reports published Monday, from Oxfam and public relations firm Edelman, warned that the widening gap between the haves and have-nots since the global financial crisis is undermining a decades-long effort to reduce global poverty and fueling the rise of populist politicians. According to Oxfam, the scale of the problem is increasingly stark: just 62 people, it says, own the same wealth as half the planet. The compares with 388 people just five years ago, when the global economy was just emerging from its deepest recession since World War II.
