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World elites getting richer { August 26 2005 }

Original Source Link: (May no longer be active)
   http://www.abc.net.au/news/newsitems/200508/s1446402.htm

http://www.abc.net.au/news/newsitems/200508/s1446402.htm

Last Update: Friday, August 26, 2005. 6:24am (AEST)
Global wealth gap still widening, says UN
The United Nations says the gap between the world's rich and poor is widening.

A UN report on inequality found the gap is wider now than it was 10 years ago and the world body has called for immediate action.

The report focuses on worldwide inequality of income and wealth, as well as other areas, such as health and education.

The authors warned of the dangers of ignoring inequality, saying that focusing exclusively on economic growth is an ineffective way of achieving development.

The report said the benefits of global development had largely gone to the wealthy in industrialised countries, and that although China and India had seen considerable income growth, there was a wide income gap.

-BBC




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