Why Asia-Pacific’s glut of millionaires may be no reason to cheer

by Rashmee

Posted on October 3, 2015


I’m not sure how much anyone in the Asia-Pacific region should be cheering Capgemini’s World Wealth Report, which indicates that it now has more US dollar millionaires than North America. Just by a fraction, mind –the Asia-Pacific region has 4.69 million; North America has 4.68 million. Together, these people have $15.8 trillion now, says the report. … Continue reading “Why Asia-Pacific’s glut of millionaires may be no reason to cheer”

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Don’t expect the world to become more equal – wealth differences will rise

by Rashmee

Posted on September 30, 2015


On Friday, a grand gathering of world leaders (also called the UN general assembly) formally adopted 17 new development goals. We’ll be hearing a lot about them for the next 15 years – they’ll be quoted ad nauseum as they serve, it’s hoped, as guiding first principles for political policy worldwide. So far so good. … Continue reading “Don’t expect the world to become more equal – wealth differences will rise”

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Rashmee has lived and worked in several countries in the past decade, including Afghanistan, India, Haiti, Tunisia, the UAE, US and UK