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Four Indonesians richer than poorest 100 million | Indonesia News | Al Jazeera

24.2.17

Four Indonesians richer than poorest 100 million | Indonesia News | Al Jazeera: The report by Oxfam said Indonesia, with a population of more than 250 million, has the sixth-worst inequality in the world. Within Asia, only Thailand is more unequal.

It blames "market fundamentalism" that has allowed the richest to capture most of the benefits of nearly two decades of strong economic growth, concentration of land ownership and pervasive gender inequality.

In 2016, the wealthiest 1 percent of the population owned nearly half (49 percent) of total wealth, the report said.

In just one day, the richest Indonesian man can earn from interest on his wealth over one thousand times more than what the poorest Indonesians spend on their basic needs for an entire year.


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