Saw Peter post this at Zaadz:
“The report, from the World Institute for Development Economics Research at the UN University, says that the poorer half of the world’s population own barely 1% of global wealth.”
Then I saw this report on World Bank efforts to reduce poverty the last ten years:
Despite an intensified campaign against poverty, World Bank programs
have failed to lift incomes in many poor countries over the past
decade, leaving tens of millions of people suffering stagnating and
even declining living standards, according to a report released
Thursday by the bank's autonomous assessment arm.
Clearly, these two articles are related. There has been a vast effort, on the part of the economic elites, to "grow the wealth" over the last several years. But doing this, without paying attention to who benefits, simply makes sure the haves get more - in the article:
"For a sustained reduction in poverty over a period of time, it really
pays to worry about both growth and distribution," said Vinod Thomas,
director-general of the Independent Evaluation Group. "It has been a
mistaken notion that you can grow first and worry about the
distribution later."
There are also many social issues, that have to worked out internally, before economic use can be of aid. You have to "pick your spots", so to speak, and take an integral, holistic, and pragmatic approach - paying attention not only to the economic picture, but the levels of consciousness and power distrubution, clan rivalries, etc - in a country.
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Thursday, December 7
by
ebuddha
on Thu 07 Dec 2006 03:55 PM PST
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