We hear about a Gap between rich and poor. The gap in incomes has been steadily growing around the world. By 1997 the income gap had widened to 74 to 1. Now let s look at the distribution of wealth around the world.
Wealth refers to the assets and property that a person or country owns in addition to annual income.
There are 225 billionaires in the world today who have a combined wealth of more than a trillion dollars. While wealth for a select few of the world's population increases at lightning pace, global poverty still persists. The global economy has essentially created two classes of people worldwide. Until the debt crisis is definitely addressed the gap will continue to grow. SAPs are designed so that poor countries can service their debts as much as possible.