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Income Inequality

Unleashing the power of women entrepreneurs around the world: The smartest investment to unlock global growth

Jin-Yong Cai's picture
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Jacqueline Mavinga, entrepreneur, Democratic Republic of Congo.  © John McNally/World Bank Group


​Since childhood, Gircilene Gilca de Castro dreamed of owning her own business, but struggled to get it off the ground. Her fledgling food service company in Brazil had only two employees and one client when she realized she needed deeper knowledge about what it takes to grow a business. To take her business to that next level, she found the right education and mentoring opportunities and accessed new business and management tools.

Inequality Isn’t Hopeless. But You Need a Plan

Jim Yong Kim's picture

DAVOS, Switzerland – When we talk about particularly difficult issues at the World Bank Group, I always ask my team a simple question: What’s the plan?

If they have a plan, the next question I ask is whether the plan is serious enough to match the scale of the problem. Here at the World Economic Forum at Davos, one of the main issues before us is an extraordinarily tough one – how do we reduce the growing income inequality around the world? Income inequality has grown to enormous proportions but my question to World Bank staff and folks here in Davos is the same: What’s the plan to lessen income inequality across the world?

Income inequality can appear to be an intractable problem. But the fact is we already know a lot about how economies can grow in a way that includes even the poorest. We need a plan to tackle inequality and we think there are at least five things that we can do right now that could help.

From Davos, A Plan to Fight Income Inequality

Jim Yong Kim's picture

DAVOS — The theme of this year's World Economic Forum here involves income inequality and how to close the wide gap between rich and poor. I think this is a smart choice for the meeting, which attracts some of the most powerful and wealthiest people in the world. But to battle income inequality, you need a serious plan. Watch this video from Davos to hear what we recommend as a smart plan of action.