Uncontrolled wealth disparity :
World Wealth Report – 2017, published by Credit Swiss Research Institute a few days ago, shocked us. The report exposed the growing wealth disparity between the rich and poor. It revealed that half of the world’s wealth is in the hands of the top one percent of the world’s population.
Only a handful of countries amassed more than 70 percent of the global wealth, while other countries – especially in South Asia and Middle Africa – lag behind.
This increasing wealth disparity can be blamed for many upheavals across the world. The overwhelming wealth disparity needs to be bridged. Otherwise, this growing disparity will only accelerate the rise of extremism, terrorism, unrest and tensions.
World Wealth Report – 2017, published by Credit Swiss Research Institute a few days ago, shocked us. The report exposed the growing wealth disparity between the rich and poor. It revealed that half of the world’s wealth is in the hands of the top one percent of the world’s population.
Only a handful of countries amassed more than 70 percent of the global wealth, while other countries – especially in South Asia and Middle Africa – lag behind.
This increasing wealth disparity can be blamed for many upheavals across the world. The overwhelming wealth disparity needs to be bridged. Otherwise, this growing disparity will only accelerate the rise of extremism, terrorism, unrest and tensions.
Md Saydur Rahman
Jagannath University
