Knight Center
Knight Center

Topic “lalo de almeida”

Folha de S. Paulo travels eight countries for series on inequality and the shrinking middle class around the world

Favelas in Cape Town, Rio de Janeiro and Mumbai all have in common the precarious conditions in which their residents live, but also their relationship to a worldwide phenomenon: inequality that makes South Africa, Brazil and India countries in which the richest 10 percent has the majority of the country’s wealth.

The global middle class has seen its income go stagnant or be reduced over the past 40 years, while the income of the poorest has increased and that of the richest has seen even more significant growth. Read more »


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