Humanity remains deeply unequal despite impressive progress, says UNDP report

New York – A sustained reduction in inequality requires a shift to more inclusive growth patterns – supported by redistributive polices and changes in social norms – says a report launched today by the United Nations Development Programme (UNDP) Administrator Helen Clark.

The richest one percent of the world population owns about 40 percent of the world’s assets, while the bottom half owns no more than one percent. The report Humanity Divided: Confronting Inequality in Developing Countries shows that if left unchecked, inequality can undermine the very foundations of development and social and domestic peace.

Click here to keep reading on the UNDP website

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