W?Bank: Economic Mobility Stalls in Nigeria, Others in Last 30 Years

image

Generations of poor people in developing countries are trapped in a cycle of poverty determined by their circumstance at birth and unable to ascend the economic ladder due to inequality of opportunity, a recent report by the World Bank Group has stated.According to the World Bank, a close examination of six large developing countries ? Brazil, China, Egypt, India, Indonesia, and Nigeria ? revealed that economic mobility rose in all of them from the 1940s to the 1980s, albeit to varying degrees.

Go back to articles

Read full article at This day live