Global inequality remains stark. The pandemic, the sorry state of gender and racial equity, and a widening wealth gap have created what the International Monetary Fund (IMF) called a “lopsided world” in its World Inequalities Report 2022. According to the report, the world’s richest 10 percent make 52 percent of global income and own 76 percent of global wealth, whereas the poorer half account for only 8.5 percent of income …

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