World Affairs Council Panel: Wealth Inequality In Asia

According to a 2017 Oxfam report, the world's eight richest men are as wealthy as the poorest half of the entire global population. These new findings revealed that those living in poverty, in Asia in particular, have even fewer assets than previously thought. Despite the best efforts of the international development community, wealth inequality around the world is only getting worse.

While GDP growth in some countries, such as China, India, Thailand, and the Philippines, shows significant gains in overall wealth, those gains haven’t been distributed equally, leading to greater income inequality and higher rates of extreme poverty. These underlying disparities require sustained and thoughtful interventions to solve them.

At the start of April, William, the Director of KHT, alongside two other development experts, shared their experiences, successes, and challenges of trying to close the wealth gap and improve the lives of those living in extreme poverty at a talk hosted by World Affairs in San Francisco. You can read the full report from the talk on the Give2Asia website by clicking here.