Interestingly, this phenomenon -- mobility out of poverty accompanied by higher income concentrations and persistent inequality -- is evident in all regions of the world, with the exception of one: Latin America and the Caribbean (LAC)
According to calculations by World Bank economist Branko Milanovic in his book The Haves and the Have-Nots, about half of the world's richest one perc...
From 24/7 Wall St.: The widening gap between the rich and poor is not just an American problem. According to a new study by the Organisation for Econo...