What lack of global wealth distribution means for international trade

Carlos Slim
Carlos Slim, chairman and CEO of Telmex, Telcel and America Movil, arrives at the White House for a state dinner May 19, 2010 in Washington, DC. Slim was listed as the top billionaire by Forbes in September 2014, with a net worth of $81.6 billion.
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Nearly half of the globe's wealth is held by one percent of the world's population, according to a study released by Oxfam International.

From The Guardian:

Winnie Byanyima, executive director of Oxfam International and one of the six co-chairs at this year's WEF, said the increased concentration of wealth seen since the deep recession of 2008-09 was dangerous and needed to be reversed.

In an interview with the Guardian, Byanyima said: "We want to bring a message from the people in the poorest countries in the world to the forum of the most powerful business and political leaders.

"The message is that rising inequality is dangerous. It's bad for growth and it's bad for governance. We see a concentration of wealth capturing power and leaving ordinary people voiceless and their interests uncared for."

A number of the world's elite are concerned about what this inequality means for economic growth and development.

On The Daily Circuit, we look into the distribution of global wealth and what that means for international trade and policy.

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