The top 62 billionaries of the world own 50% of world wealth while in India, the top 57 billionaires own what 70% of the population owns, said an Oxfam study that was released on Monday, showcasing rising income inequality, which portends more conflicts and rise in crime worldwide. The London-based non-profit asked India to introduce inheritance tax to end the ...
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Tag Archives: inequality
Demand for Coffee Can Create Rift with Poorer Nations: Study
The explosion in worldwide coffee consumption in the past two decades has generally not benefitted farmers of coffee beans in poorer nations along the equator, said a new study. A University of Kansas (KU) researcher studying trade and globalization has found that the shift to “technified” coffee production in the 1970s and 1980s has created harsher economic and ecological consequences ...
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