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international | miscellaneous | news report Friday January 24, 2014 19:28 by Arielle Retrosi - Jubilee USA
Washington, DC - Heads of state, financial ministers, celebrities and representatives from many of the worlds most powerful corporations are meeting in Davos, Switzerland for the 2014 World Economic Forum. This year's theme of the forum is "The Reshaping of the World: Consequences for Society, Politics and Business." The Forum has focused on income inequality, the impacts of low economic growth and climate change. In advance of this year's forum Oxfam International released a report that noted that the world's 85 richest individuals have as much wealth as 3.5 billion people or half the world's population.
"When one out of five people in the world lives in extreme poverty, it's critical to tackle the issues being discussed at the forum," noted Eric LeCompte, Executive Director of Jubilee USA Network, a religious anti-poverty organization. "It's important for leaders in Davos to reflect on the policies that are responsible for perpetuating extreme poverty."