Every year, publications like Forbes release their lists of the world’s richest. While often dismissed as the financial equivalent of the world’s sexiest man, some say these lists can be useful for economists trying to evaluate who’s winning and losing. This week, an organization has published what might be called an anti-Forbes list, the Bottom 100, the faces and stories of 100 of world’s poorest.
Paraguay had been making progress against poverty over the years, but the government has reported a recent rise in poverty that some say stems from an inadequate focus on agricultural communities. Despite the country’s overall economic growth last year, the total poverty rate rose from 26.6 to 28.8 percent.
As the global economy stares down the barrel of rising inequality and increased automation, more countries are toying with the idea of a universal basic income. But a new report by the Organization for Economic Cooperation and Development (OECD) is less than enthusiastic, saying that without significant tax hikes, a basic income would do little to reduce poverty and even exacerbate it in some cases.
What makes a person poor? Lack of education, lack of opportunities and laziness, according to respondents of a new survey conducted in Chile.
Latin America’s economy is growing, but low investment investment in the region threatens to slow poverty reductions, a top U.N. official said this week.
A new census in Mexico’s southern state of Veracruz has for the first time measured economic status differences among ethnic groups, revealing staggeringly high rates of poverty within its indigenous community.
The top 50 companies in the U.S. are stashing $1.6 trillion in offshore accounts, according to a new analysis by Oxfam. That money may return to the U.S. at a steep tax discount if a repatriation holiday proposed in some tax reform proposals is implemented. Doing so would allow corporations to continue evading taxes by holding money abroad, according to the NGO.
The world is watching with anticipation today as President Donald Trump continues his first meeting with Chinese President Xi Jinping at the Mar-a-Lago resort in Florida. Without a set discussion agenda, the two leaders will presumably talk about trade, North Korea, and, after last night’s U.S. missile strike, Syria, among other topics. But less certain is whether or not they will broach the subject of climate change – a threat to global stability with far-reaching consequences, including human trafficking.
India’s Prime Minister Narendra Modi celebrated his party’s state election victories last month by describing his vision for a “new India” – one that “stands for development” by giving the poor a “leg-up, not a handout.” Offering a boost is India’s largest online job portal for entry-level and informal work, Babajob, which connects even illiterate low-skill workers to employers through digital technology.
Protesters poured into the streets of cities across Chile on Sunday to call for a repeal of the country’s privatized pension system, which they say benefits the rich while leaving the poor with a monthly pension below the minimum wage.