Developing nations 'making strides in cutting rich-poor gap'
Some of the world’s poorest countries are making strides in reducing the gap between rich and poor, according to an index of inequality devised by Oxfam. Namibia and Uruguay are among a clutch of developing-world countries to reduce inequality through a wide range of measures, including social spending and progressive taxation. Oxfam said the efforts of some poorer countries contrasted with the policies of wealthier developing world nations such as India and Nigeria, which have either failed to tackle inequality or allowed it to worsen. The Reducing Inequality Index, compiled with Development Finance International, moves away from a simple calculation that compares the wages and incomes of the richest 10% and the poorest 10%. It gives prominent rankings to government spending on... En savoir plus