Sociology 1020 Lecture Notes - Lecture 12: Ivan Glasenberg, Glencore, Non-Aligned Movement
5 Aug 2018
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Only 2% indians are middle class pew data 2015. Although we keep hearing about india"s massive middle class, only a tiny amount of indians qualify to be in a middle-income category, and the gap in living standards between economically advanced nations and developing ones is not narrowing. "the first decade of this century witnessed an historic reduction in global poverty and a near doubling of the number of people who could be considered middle income. But the emergence of a truly global middle class is still more promise than reality," R schlikon is a village in switzerland with a very low tax rate and very wealthy residents. But it receives more tax revenue than it can use. This is largely thanks to one resident - ivan. Glasenberg, ceo of glencore, whose copper mines in zambia are not generating a large bounty tax revenue for the zambians.
