CGD in the News

Richest 62 People Own Same as Half World's Population - Oxfam (Thomson Reuters Foundation)

January 17, 2016

From article:

Most of the world's poorest no longer live in the poorest countries, but in middle-income countries like India, the OECD said in a recent report.

The inequalities are partly to do with differences in income, especially between urban and rural areas, but also differences in access to healthcare, education and jobs, the OECD said.

"The figures suggest that the biggest causes of poverty are ... political, economic and social marginalisation of particular groups in countries that are otherwise doing quite well," development economist Owen Barder is quoted as saying in the OECD report.

Barder is director for Europe at the Center for Global Development.

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