Economic inequality has been a growing concern in recent years. The huge gap between the “haves” and the “have-nots” is clearly illustrated by a recent Oxfam report which show that the 85 wealthiest individuals in the world own half of the global wealth. Inequality was also on the top of the World Economic Forum agenda in Davos, Switzerland earlier this year.
There are many reasons to be alarmed by these statistics, but perhaps most importantly we should understand that behind the figures are real people from all walks of life who lack the opportunities to advance their lives and improve their communities. It is also important to remember that the private sector plays a vital role in providing solutions to economic inequality.
At a recent Brookings event “Promoting Shared Societies,” a distinguished panel of experts shared their thoughts on the implications of growing global inequality and the Millennium Development Goals.