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High wealth concentration

28 0
yesterday

A new Oxfam report on Asia says that despite decades of growth, the region's economies stand at a crossroads, with prosperity increasingly concentrated in the hands of a few. The report illustrates this with data showing that the continent's richest 10% capture between 60% and 77% of national income, while the poorest half must make do with a mere 12% to 15%.

Pakistan encapsulates this troubling trend. Here, the wealthiest 10% control 42% of national income. This disparity is the basis of the........

© The Express Tribune