While just eight men are enjoying their huge wealth, equivalent to that of half the world, new forecasts project darker shadows by predicting rising unemployment rates, more precarious jobs and worsening social inequality. To start with, there will be more than 1.4 billion people employed in vulnerable working conditions.
While just eight individuals, all of them men, own the same wealth as 3.6 billion people -- half of world’s total population -- it will take 170 years for women to be paid the same as men, warns a new major report on inequality.
Just eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a major new report by an international confederation of 19 organisations working in more than 90 countries.
“We are absolutely fed up with the government’s plundering and arbitrary decisions. We don´t deserve what they’re doing to us,“ said Marisela Campos during one of the many demonstrations against the government´s decision to raise fuel prices.
When British naturalist Charles Darwin published in 1859 his theory of evolution in his work On the Origin of Species, he most likely did not expect that robots, not nature, would someday be in charge of the selection process.
In a country with unemployment rising above 25 percent, South Africans are increasingly looking for job creation in small-scale mining, an often-informal industry that provides a living for millions across the continent.
The World Bank’s Doing Business
Report 2017, subtitled ‘Equal Opportunity for All’, continues to mislead despite the many criticisms, including from within, levelled against the Bank’s most widely read publication, and Bank management promises of reform for many years.
In Kenya the Gini coefficient of inequality is at around 0.45%
. Therefore, the economic growth statistics present an unequivocal picture of a highly unequal society, whose development strategy is largely leading to accumulation of wealth by a few and worsening the poverty of the majority.
Instead of concerted and sustained efforts for a strong, sustained economic recovery to overcome protracted stagnation, the near policy consensus on fiscal austerity in the G7 and the G20 OECD countries, except for the US and Japan, has dragged down economic recovery in developing countries.
Today 05 December is International Volunteer Day, and every year we recognize the invaluable contributions of volunteers to peace and development.
Africa, the cradle of mankind and home to the youngest population in the world, has a historic opportunity to realise its full potential, in sharing our potential prosperity, by enhancing economic growth, promoting and entrenching democratic ideals. That is why I am so passionate to be running for the coveted African Union Commission (AUC) Chairperson.
Consider this paradox. Every year 1 million young people join the job market in Kenya, yet Kenya has the largest number of jobless
youth in East Africa.As the government puts in place measures for addressing the issue of high youth unemployment and poverty, The private sector needs to join forces to sustainably grow its business and markets. Businesses and the societies that they operate in are symbiotic and it is now an established maxim that business cannot succeed in societies that fail.
Harvesting the benefits of core agricultural research, which often bears on improved crop varieties and plant diseases, increasingly depends on the social and economic conditions into which its seeds are sown.It is a sign of the times that Kanayo F. Nwanze, the president of the International Fund for Agricultural Development who started off as a cassava entomologist when ITTA posted him to Congo in the 1970s, was recently hailed for his efforts to create African billionaires.
As the dust has settled on Habitat III and the summit in Quito, Ecuador, we now have a clear vision and a concrete road map for how to transform our cities into inclusive, safer and more productive environments. The New Urban Agenda comes at a propitious time. Urbanization is growing at a fast pace, particularly in developing countries, where the urban population is expected to double by 2050. In South Asia alone, the urban population grew by 130 million between 2001 and 2011, according to recent World Bank study. Another 250 million are expected to join them by 2030.
A concerned-looking group of refugees gather around a young woman grimacing and holding her stomach, squatting with her back against a tree. But this is no refugee camp, rather the Jesuit Refugee Service (JRS) compound just off a busy main road leading to Sidist Kilo roundabout in the Ethiopian capital.