Since the turn of the century, the poorest half of the world’s population has received just 1% of the total increase in global wealth. Meanwhile, half the new wealth has gone to the richest 1%. To help reverse this trend, we need rapid growth of equitable business structures with purpose, fairness and sustainability embedded into their model.
Since joining the Tree Tomato Women's Cooperative Flonira has earned enough money to renovate her house, grow her own tree tomato plantation and send her son to China for his studies. In doing this she has broken perceptions of women in her community who are now valued and respected for their contributions to the household.
High levels of inequality across Africa have prevented much of the benefits of recent growth from reaching the continent’s poorest people. To combat inequality in Africa, political and business leaders have to shape a profoundly different type of economy.
The World Bank and the International Monetary Fund cannot allow political and economic shocks to hijack their ambitions to combat climate change and curb inequality, warned Oxfam.
The 50 biggest US companies, including global brands Pfizer, Goldman Sachs, GE, Chevron, Wal-Mart, and Apple, stashed $1.6 trillion offshore in 2015 – $200 billion more than the previous year - according to a new report by Oxfam.
One year on from the Panama Papers scandal and our political leaders are still not standing up to tax havens.
A world where more new billionaires have been created in a year than ever before shows signs of economic sickness rather than health.
The gap between the richest and the rest in Indonesia has grown faster in the past two decades than in any other country in South-East Asia. This report shows how President Jokowi could fight inequality by enforcing a living wage for all workers, increasing spending on public services, and making big corporations and rich individuals pay their fair share of tax.
Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today to mark the annual meeting of political and business leaders in Davos.
A report by the Greens/European Free Alliance reveals that Inditex, owners of the global fashion retailer Zara, avoided paying €585 million in taxes in Europe between 2011 and 2014.