Left behind by the G20
“This report shows why anger about income inequality sparked protests that have swept the world, from Tahrir Square to Wall Street,” said Oxfam Canada Executive Director Robert Fox. “More than half of the world’s poorest people live in G20 countries, making them a key battleground in the fight against global poverty.”
Since 1990, income inequality has increased in 14 of the 18 Group of 20 countries for which there are comparable statistics, says Oxfam’s report card. Inequality increased fastest in Russia, China, Japan and South Africa, with Canada following close behind. Oxfam’s study predicts that more than a million more people will be pushed into poverty in South Africa alone during the next decade unless rapidly-growing inequality is addressed.