economic inequality

The International Monetary Fund’s advice to countries promotes policies that fail to reduce inequality and may even increase it, according to Oxfam research. This advice clashes with what their own research shows countries should do to reduce inequality.

A Brazilian earning the minimum wage would have to work for 19 years to earn as much as what a rich person in the country's top 0.1 percent makes in one month, according to new Oxfam research.

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.

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.