Posted On 21 Jan 2014
About half of the global wealth is in the hands of one percent of the population, which has altogether some 110 billion dollars (81 billion euros), according to data reported this week by the humanitarian organization Oxfam.
The text is published the week in which the World Economic Forum in Davos (Switzerland) is taking place, a meeting in which the world’s most pressing problems will be analyzed and will seek to provide solutions for the increasing situation of inequality.
The Oxfam report highlights that the poorer half of the world’s population has the same wealth of the 85 world’s richest people.
The humanitarian organization also estimates that there are 18.5 billion dollars (13.6 billion euros) not reported in third countries of low taxation, so actually the concentration of wealth is much greater.
This inequality can have a negative impact on economic growth and poverty reduction, as well as also multiply social problems.