Tag Archives: oxfam

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“Wealth inequality remains shockingly high.” This is the sobering conclusion of Oxfam’s latest report, published on the eve of the World Economic Forum Annual Meeting 2020.The 162 richest people on the planet boast the same wealth as the poorest 50 percent – 3.85 billion – in the world.From Tuesday, January 21, close to 3,000 delegates – including 53 heads of state – from 117 countries, will participate in the WEF summit in Davos-Klosters, Switzerland. According to the website blurb, the WEF...

Oxfam International in a recent report has highlighted how deeply inequality affects the global economy. The charity says that the disparity in wealth distribution, especially as it relates to gender, is a huge problem. Oxfam also adds that this situation is worsening and needs to be curbed.Wealth DisparityThe report, called “Time To Care” exposes a few facts about the global economy. For example, 2019’s richest 2,153 people in the world were richer than the poorest 4.6 billion people...