Friday 20 January 2012

Agenda of Redistribution of Income Needs Reflection | HALALTAMWEEL.COM

Agenda of Redistribution of Income Needs Reflection

1/20/2012 10:26:51 AM

Economy

Maher Kababji

Present economies are characterized by growth in the rate of poverty and expansion of the income gap amongst people. A study by the World Institute for Development Economics Research at United Nations University reports that the richest 1 percent of adults alone owned 40 percent of global assets in the year 2000, and that the richest 10 percent of adults accounted for 85 percent of the world total assets. The bottom half of the world adults owned 1 percent of global wealth.

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