The World Bank says global wealth has grown but at the expense of future prosperity and by exacerbating inequalities.
The Washington-based financial institution, in its new Changing Wealth of Nations report released recently, noted that although total wealth has almost doubled in Latin America and the Caribbean over the last two decades, there are significant contrasts in the trends of wealth per capita.
The World Bank added that countries that are depleting their resources in favor of short-term gains are putting their economies on an unsustainable development path.
Readers Bureau, Contributor
Edited by Jesus Chan
Do you want to add feedback to this story?
Please add a comment in the box below or send an email to firstname.lastname@example.org, Call us at 201-500-7715