International inequality

Oxfam has revealed that the wealth accumulated by the richest 1 percent of the global population has surged to 42 trillion dollars over the past decade, which is nearly 34 times more than the wealth held by the bottom 50 percent. This finding was disclosed ahead of the G20 finance ministers and central bankers meeting starting today in Rio de Janeiro.

About 2,000 of the world's richest people own more than the poorest 4 billion and 600 million. The new inequality statistics has been published by the large association of charities Oxfam.

The report focuses on policies that allow men to dominate the top ranks of business and government. Economic inequality, the report argues, is built on gender inequality.

A reader asked me not to write about ?useless topics? such as summer book recommendations, the relationship between democracy and growth and the economics of weed or love- and ?show him the money? instead. As your friendly neighborhood economist, I am happy to oblige.

Wealth accumulated by the richest one percent will exceed that of the other 99 percent in 2016, the Oxfam charity said Jan. 19, ahead of the annual meeting of the world's most powerful at Davos, Switzerland.
      

Turkey’s population is expected to be higher than 86.8 million as of 2030, with an increase of more than 10 million, according to a report released by the United Nations Development Program (UNDP).

Governments must act together to lift more people out of poverty and reduce inequality in a world where the 85 richest people have as much wealth as the 3.5 billion poorest people, the UNDP says Improvements in life spans, education and incomes are slowing due to natural disasters, misguided government policies and worsening inequality in a world where the 85 richest people have as much