economy

This year’s G20 Summit will raise the stakes for the group to prove itself against growing doubts about its effectiveness – not least for people living in poverty, says Oxfam.

Oxfam presents new evidence that the gap between rich and poor is growing ever wider and is undermining poverty eradication. This report delves into the causes of the inequality crisis and looks at the concrete solutions that can overcome it.

Extreme inequality is hurting us all. Its damages economic growth, threatens decades of progress toward ending poverty and contributes to the death of one person every four seconds. Such stark inequality is not inevitable – it is the consequence of political and economic choices. And it can be reversed.

Almost half of the world’s wealth is now owned by just one percent of the population, and seven out of ten people live in countries where economic inequality has increased in the last 30 years.

The world’s poor must not pay the price for the collapse of financial markets. Without immediate action, millions will suffer.