73.5 percent of the world's wealth is concentrated in 10 countries
16/5/2018 12:00 am
[rtl] Capitals / follow - up to the morning
concentrated wealth in a few countries, these countries and getting richer despite the financial crises experienced by and created a number of economic problems, which raises many questions about the future of the world, especially that more than 50 countries in South America and Africa Asia is living in extreme poverty.
According to recent figures from Private Capital International, 10 countries own 73.5 percent of the world's private wealth, private wealth rose 12 percent last year to $ 215 trillion, and private wealth in America, Amounted to 62.6 trillion dollars, up 20 percent from 2007 to 2017, followed by China with a fortune of 24.8 trillion dollars and an increase of 198 percent.
With the concentration of personal wealth around the world in a limited number of countries such as America, China, Britain, Japan and Germany, this raises the question of the future of social conflict resulting from the unfair distribution of wealth at the level of countries and individuals and its implications for the social, economic and political change that will occur in the world over the next decade, Compared to the change between the middle of the last decade and the present because of the radical disparity in incomes and wealth.
Ten countries in the world have a share of 73.5 percent of the world's private wealth estimated at 215 trillion dollars.
Figures from Visual Capitalist continue to focus on global private wealth in the United States, which has the largest number of wealthy people, led by billionaire Jeff Bezos, the founder of Amazon, whose wealth is more than $ 132 billion.
The wealth of the United States benefited from the global financial crisis, which prompted the US Federal Reserve to cut rates to near zero.
This has enabled the wealthy and their companies to get near-free money through low-interest or no-interest loans; these rich people have traded the money in emerging markets in both Asia and some Latin American countries with high interest rates.
And thus received the benefits of "free money" and this partly explains the huge boom in private wealth in America. China, second only to the United States, according to the Financial Catalyst report, said it was not affected by the global financial crisis of 2008 and the high rate of growth over the past decade, which was more than 10 percent, In which the European economy is struggling to get out of the banking crises and the bankruptcy of Greece.
China's markets were closed to the world before the financial crisis, so its companies were not affected by the crisis as in Europe.[/rtl]