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China, India drive 'tipping point' in global income inequality levels

Countries' economic growth have lifted a massive number of people out of poverty.

Not all of the global south has shared fully in this rising tide of prosperity in the period to 2008. Much of Africa, and some of Latin America, for instance, has generally not benefited nearly as much as Asia, at least to date.

THE World Economic Forum asserts that income inequality is the single biggest risk facing the planet, and the issue is currently at the heart of political and popular debate across much of the world. In the United States, for instance, the topic is already becoming central to the 2016

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