Oxfam: Gap between rich and poor growing

by VTV421 January 2019 Last updated at 10:51 AM

VTV.vn - According to Oxfam International, a new billionaire was created every two days last year, just as the poorest half of the world's population saw their wealth decline by 11%.

Its report, released on Monday as political and business leaders gather for the annual World Economic Forum in Davos, Switzerland, said governments are increasingly underfunding public services and failing to clamp down on tax dodging. Billionaire fortunes increased by 12 percent last year, or $2.5 billion a day, while the 3.8 billion poorest people saw their wealth drop $500 million every day.

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