There were two interesting new blog posts this week from Michael Roberts on global wealth inequality, entitled Global wealth inequality and From the extremely wealthy to more than a billion in extreme poverty.
In the latter, he cites a World Bank reports that says there are now 1.2 billion people in extreme poverty – living on less than $1.25 a day, a third of which are children. Despite improvements in living standards for some in India and China, there are now 103 million more extremely poor people in the world’s 35 poorest countries than 30 years ago. Continue reading
