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- W2611374241 abstract "The World Bank Group focuses on the extreme poor and the bottom 40 percent because they are the most affected and least able to recover. Over the last few years, a related discussion, on inequality, has taken hold, partly as a result of the financial crisis in 2008 and 2009. Last year, Oxfam laid down an unusually sharp challenge in its report, ‘even it up,’ stating that the richest 85 people in the world control as much wealth as the bottom 50 percent of the world, or more than 3.5 billion people. By highlighting the stark reality that so much of the world’s population shares almost none of the world’s wealth, Oxfam touched a nerve. The World Bank Group’s approach to addressing this problem is embodied in a term that suggests a solution: boosting shared prosperity. In our work with governments, we support efforts to ensure that everyone benefits from growth, not just those who already control or have access to capital. We know that to boost shared prosperity, the incomes of the poorest 40 percent must grow, ideally at a rate that matches or exceeds the rate of income growth for the general population." @default.
- W2611374241 created "2017-05-12" @default.
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- W2611374241 date "2015-10-01" @default.
- W2611374241 modified "2023-09-24" @default.
- W2611374241 title "Speech by World Bank Group President Jim Yong Kim : shared prosperity - equal opportunity for all" @default.
- W2611374241 hasPublicationYear "2015" @default.
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