SUMMARY
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A total of 21 heads of state, 2 of whom will send representatives, convene in Manila this week for the Asia-Pacific Economic Cooperation (APEC) summit. They will formally approve agreements earlier hammered out by lower-level officials. It’s easy to dismiss the APEC summit as just one big glittering show. But beyond this, the APEC summit’s theme of “building inclusive economies” addresses a global concern, that of growing inequality. In 2014, Credit Suisse’s “Global Wealth Report” found that “48% of the world’s $263 trillion in net household wealth is in the hands of the richest 1% of its citizens.”
Read our editorial on APEC on Rappler.
Read a critique of APEC on Rappler.
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