1. Working for the Many: Public services fight inequality
- Publication Date:
- 04-2014
- Content Type:
- Policy Brief
- Institution:
- Oxfam Publishing
- Abstract:
- Economic inequality – the skewed distribution of income and wealth – is soaring. Oxfam's own research has found that the 85 richest individuals in the world have as much wealth as the poorest half of the global population. Economic inequality is also putting lives on the line – more than 1.5 million lives are lost each year due to high income inequality in rich countries alone. A recent study of 93 countries estimated that reducing the income share of the richest 20 per cent by just one percentage point could save the lives of 90,000 infants each year. Estimates also show that failing to tackle inequality will add hundreds of billions of dollars to the price tag of ending poverty, putting the achievement of any new post-2015 poverty goals in jeopardy.
- Topic:
- Development, Economics, Education, Poverty, Monetary Policy, and Reform
- Political Geography:
- India