'Deglobalization' Versus 'Inclusive Growth'

by Pablo Solón | MR Zine | Click HERE to read article

The race of globalization is leaving the majority of the world’s population far behind.  According to UNICEF, the richest 20% of the population gets 83% of global income, while the poorest quintile has just 1%. This trend is getting worse.  A new UNDP report called “Humanity Divided” estimates that 75% of the world’s population lives in societies where income distribution is less equal now than it was in the 1990s, although global GDP ballooned in that time from US$22 trillion to 72 trillion.