CGD president Nancy Birdsall sees the new Forbes Billionaire list as a powerful reminder of two worrying trends. First, growing inequality: there are now more than 1,000 billionaires in the world and more than a billion people who survive on less than a dollar a day. Second, the international financial institutions are failing to keep pace with the 21st Century: there are billionaires all over the world but the heads of the multilateral development banks are selected from just a handful of countries consisting of the U.S. and the former colonial powers. What’s wrong with this picture?
Read the blog and comment
