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The Hidden Billions Behind Economic Inequality in Africa

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The Hidden Billions Behind Economic Inequality in Africa.

Reports this year of illicit moneys from African countries stashed in a Swiss bank – indicating that corruption lies behind much of the income inequality that affects the continent – have grabbed international news headlines.

Secret bank accounts in the HSBC’s Swiss private banking arm unearthed this year by the International Consortium of Investigative Journalists (ICIJ) were said to hold over 100 billion dollars, some of which came from Africa, including some of the poorest nations on the continent.

When these funds leave the region, they deny the very nations that need them most…

To Reduce Inequality, Start With Families – NYTimes.com – NYTimes.com

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To Reduce Inequality, Start With Families – NYTimes.com – NYTimes.com.

“…Inequality among families isn’t just about financial means, however. It’s also about the care parents can provide, the food they can prepare, and the amount and the nature of the time they can spend with their children. But today, the ability of parents to make the most basic time investments in their children — taking time for parent-teacher conferences or setting a schedule that permits a parent to sometimes be home in the after-school hours — is sharply divided by income level.

The lack of availability of parental time has serious detrimental effects on children’s behavior, ability to learn and emotional development — all of which affect performance in school and, eventually, the workplace…”

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