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1% of the population is on track to have more than half the world's wealth, says study

21/01/2015

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 

 



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British NGO Oxfam released data of global inequality on the eve of the Davos World Economic Forum
  Board of the World Economic Forum in Davos, Switzerland, which begins on Wednesday (21) (Photo: AP Photo / Michel Euler)

With current trends, the group of 1% of the richest in the world is on track to have more than half the world's wealth in the coming year. The other half will hold the remaining 99% of the population. This is the result of a study released by the nongovernmental organization Oxfam UK on Monday (19), on the eve of the 2015 edition of the World Economic Forum in Davos, Switzerland.

According to the report, the wealth that 1% of the population rose from 44% of the world's resources in 2009 to 48% last year. In 2016, this level can exceed 50% if the current rate of growth is maintained.

"Do we really want to live in a world where 1% of the population has more than the rest of us all together?" Said the executive director of Oxfam, Winnie Byanyima, according to the New York Times. "The scale of global inequality is simply stunning."

Oxfam said it is necessary to take urgent measures to stop the "inequality growth." The NGO should ask measures to combat the rise in inequality in Davos meeting, which takes place between 21 and 24 January, including a crackdown on tax evasion by companies. The World Economic Forum is an annual meeting that brings together the top leaders of the world economy to discuss the most pressing issues facing the world.



Source: Season

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