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Global Poverty and the growing Billionaires

The title itself is contradictory but a new study by Jens Martens and Karolin Scitz examines the influence of Philanthropic foundations on Global Development .

Today, there are more than 200,000 foundations in the world. Over 86,000 foundations are registered in the USA; 6 another estimated 85,000 foundations are based in Western Europe and 35,000 in Eastern Europe. 7 The philanthropic sector is also growing in the global South, with for example, approximately 10,000 foundations in Mexico, nearly 2,000 in China and at least 1,000 in Brazil, 8 largely due to the rapidly increasing number of wealthy individuals in countries in the global South. According to Forbes Magazine, among the 1,826 world billionaires .The roots of modern philanthropy can be traced back to the beginning of the 20th century.Today, there are more than 200,000 foundations in the world. Over 86,000 foundations are registered in the USA; another estimated 85,000 foundations …

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