Where The Worlds Richest Control Half Of Countrys Wealth : __________________________________________________ The inequality in wealth is becoming a major concern since a chunk of a nation’s wealth is held by the rich. In countries around the world, the gap between the rich and poor is increasing since there are no regulations to see that there is an equal distribution of wealth. Since the economic meltdown back in 2008, countries have recovered faster as the American economy rides stronger and with this healing the gap has also widened. Reports and researches show that a huge chunk of the nation’s wealth is held by a very small population. This only shows the indifference we need to fix for a stronger economy and in order to fight against poverty. Well here is a list of the countries that have their rich owning 10 percent of the whole nation’s wealth, as reports by Business Insider. Russia: ___________________ The largest country in the world and one of the most powerful countries in history, Russia is the number one country where 10 percent of the population of the country owns 84 percent of the nation’s total wealth. When looking at it statistically this shows how poorly and insanely horrible the inequality of wealth is in the country. This nation has experienced a change in wealth holding from 2000 till date of 7.7 percent. This means that the gap in inequality of wealth among the people of Russia is slowly closing but the percentage is still very less. Turkey: ___________________ When looking at the European countries and the Middle East, one would expect for the well known nations to have huge financial gaps but it doesn’t work that way. In turkey 77.7 percent of the wealth is held by 10 percent of the population. The statistics are bizarre but very true. The country though in the last decade is slowly seeing a change of 11 percent, where the wealth is being distributed. Turkey has one of the highest percent changes when it comes to wealth distribution in the last decade. Hong Kong: __________________ Surprisingly a lot of Asian countries feature on this list and the explanation would be based on economic growth and development that Asia is witnessing now. But, Hong Kong, one of the richest and stable economies in Asia, has a wealth gap where 77.5 percent of the wealth is owned by 10 percent of the population. This leaves only 22.5 percent of the nation’s wealth available to 90 percent of the population. The gap is unbelievably huge. In the last decade, there has been an 11.6 percent change in wealth distribution among the people. Indonesia: __________________ A country that is in the developing stage stands on the top ten list when it comes to the distribution of wealth; with 77.2 percent of the nation’s wealth concentrated by 10 percent of the economy. This may not be a huge surprise since it is still stabilizing itself. The change in distribution in the last decade is only 6 percent in Indonesia that means the country has a long way before there can be an equal distribution of wealth. Philippines: __________________ Another Asian country that shares the scores of the rich holding most of the nation’s wealth is Philippines. This country maybe small but for sure has the ability to be a tough competitor when it comes to winning business deals as a nation, that is, the country is one of the most sought after destinations for outsourcing of jobs.
Posted on: Sat, 18 Oct 2014 08:46:08 +0000
Trending Topics
Recently Viewed Topics
© 2015