Rising inequality translates to rising extreme poverty. The numbers and percent of population living in extreme poverty is going up.
”It was his first post-election news conference, at a luxurious villa high above the Congo River, and the president of the Democratic Republic of Congo was in a combative mood. How dare the reporters question his country’s progress, he argued: just look at our sizzling growth rate —double, even triple, the rates of those pitiful laggards in the West.”
”On paper, it was certainly true. Many African nations, including Congo, have been expanding rapidly for years, producing some of the fastest-growing economies in the world.”
”But the reality down below the villa, in crumbling shacks where adults talked of forgoing meals so their children could eat, told a different story. It angered the president, Joseph Kabila, on that steamy December morning in 2011 to be reminded that his misnamed country (neither particularly democratic nor a republic) consistently ranked at or near the very bottom of the United Nations Human Development Index, a comprehensive measure of economic, physical and social well-being across nearly 200 countries.”
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