The World Is Getting Richer. Some People Faster Than Others
- Global wealth surged between 1995 and 2014, World Bank says
- Wealth remains unequal, and some countries are falling behind
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The world’s total wealth is growing and that’s a good thing, but it’s still not fixing the inequality divide, according to a new report by the World Bank.
The gap between the richest and poorest nations remains large, and wealth per person around the world is growing more slowly than the overall figure, the development lender said in a report called “The Changing Wealth of Nations.” In some countries, especially in sub-Saharan Africa, per capita wealth is actually falling, according to the report, which tracked 141 countries between 1995 and 2014.