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A weekly interview with a personality from the world of business or economics. Every Thursday at 4.45 pm Paris time.

Latest update : 2015-01-22

Income inequality is 'brake on growth', Oxfam chief warns Davos

The World Economic Forum brings together some of the most powerful - and richest - people in the world. It may seem like an odd place to discuss poverty and growing income gaps. But that’s exactly what the charity Oxfam International is hoping to achieve. On the eve of the Davos meeting, it published a report which found that 1 percent of the world’s population will own more wealth than the other 99 percent as of next year.

FRANCE 24's Markus Karlsson sat down with Oxfam's Executive Director Winnie Byanyima in Davos. "I am not here for window-dressing", she told him, "I am here because I am pushing for solutions". Among the solutions she suggests to help reduce income inequality are an effective minimum wage and clamping down on tax evasion.

"The leaders who need to make those decisions are here and they are listening", Byanyima said, pointing out that such decisions are also good for business. "Many business leaders now understand that if economic inequality is not reduced, it is a brake on growth’, she told FRANCE 24.

By Markus KARLSSON

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1970-01-01 Markus KARLSSON

Will the UK stay in the EU?

The British election wasn't the nail-biter many had expected. The Conservative party won a majority in the House of Commons, which means they will be able to govern on their own....

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1970-01-01 Markus KARLSSON

Eurozone: Is low growth the new norm?

The European recovery is picking up pace. New figures from the European Commission this week suggest that growth in the eurozone will be stronger than first thought, on the back...

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For the past few months, the diamond market has been less than sparkling, forcing mining giant Anglo American, which owns De Beers, to scale down its production targets. However,...

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1970-01-01 Markus KARLSSON

Akinwumi Adesina: 'Real challenge' for African economies is obtaining 'inclusive growth'

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1970-01-01 Markus KARLSSON

'Liberalism is a French tradition', says France's most liberal man

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