Economics blog
Global inequality has fallen significantly, but the increasing fragmentation of the global economy is jeopardizing this success. This is something we should talk about in Davos
Inequality as a central theme in Davos.
At the World Economic Forum in Davos, inequality has been one of the central topics of the global economic policy debate for years. Around half a million extremely wealthy individuals, each with individual holdings of over $30 million, now control approximately $60 trillion. Many of them are present in Davos. The past few years have been particularly favorable for this group, not least because it owns large parts of the companies that are currently driving global economic growth in the field of artificial intelligence. Accordingly, there is intensive discussion in Davos about whether there can be sufficient long-term demand for goods and services in a world with such concentrated wealth.
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