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112-575: The AfriCat Foundation is a Namibian organisation promoting the conservation of large carnivores . In 1991, the AfriCat Foundation was registered as a non-profit organization to raise finds for the care of large carnivores. This article is based on information from the equivalent article on the German Misplaced Pages . Namibia Namibia ( / n ə ˈ m ɪ b i ə / , / n æ ˈ -/ ), officially

224-654: A free and fair election . SWAPO won a plurality of seats in the Constituent Assembly with 57% of the popular vote. This gave the party 41 seats, but not a two-thirds majority, which would have enabled it to draft the constitution on its own. The Namibian Constitution was adopted in February 1990. It incorporated protection for human rights and compensation for state expropriations of private property and established an independent judiciary, legislature, and an executive presidency (the constituent assembly became

336-617: A "substantial head start". In September 2012, according to the Institute for Policy Studies , "over 60 percent" of the Forbes 400 Richest Americans "grew up in substantial privilege". The second condition is that a small initial inequality must, over time, widen into a larger inequality. This is an example of positive feedback in an economic system. A team from Jagiellonian University produced statistical model economies showing that wealth condensation can occur whether or not total wealth

448-515: A "substantial head start". In September 2012, according to the Institute for Policy Studies , "over 60 percent" of the Forbes richest 400 Americans "grew up in substantial privilege". In 2007, the richest 1% of the American population owned 34.6% of the country's total wealth (excluding human capital), and the next 19% owned 50.5%. The top 20% of Americans owned 85% of the country's wealth and

560-477: A drop of 36.1% in median household wealth but a drop of only 11.1% for the top 1%, further widening the gap between the 1% and the 99% . Dan Ariely and Michael Norton show in a study (2011) that US citizens across the political spectrum significantly underestimate the current US wealth inequality and would prefer a more egalitarian distribution of wealth, raising questions about ideological disputes over issues like taxation and welfare. Wealth concentration

672-543: A household in the richest percentile would have just twice the wealth of a family in the median (50th) percentile. Such a society is compelling to many (especially the poor). In fact it is a comparison to a diagonal society that is the basis for the Gini values used as a measure of the disequity in a particular economy. These Gini values (40.8 in 2007) show the United States to be the third most dis-equitable economy of all

784-467: A large base of low wealth holders, alongside upper tiers occupied by progressively fewer people. In 2013 Credit-suisse estimate that 3.2 billion individuals – more than two thirds of adults in the world – have wealth below US$ 10,000. A further one billion (adult population) fall within the 10,000 – US$ 100,000 range. While the average wealth holding is modest in the base and middle segments of the pyramid, their total wealth amounts to US$ 40 trillion, underlining

896-506: A matter of subsequent agreement as to which territories in the foregoing territories will be brought under the trusteeship system and under what terms". The UN requested all former League of Nations mandates be surrendered to its Trusteeship Council in anticipation of their independence. South Africa declined to do so and instead requested permission from the UN to formally annex South West Africa, for which it received considerable criticism. When

1008-436: A negative effect for the lowest groups of wealth holders, forcing them to spend more from their savings or incur higher debt. On the other hand, top wealth groups appeared to be relatively unaffected in this negative way. Moreover, they seemed to benefit from the impact of lower interest rates on share and house prices. According to the ‘Global Wealth Report 2021’ published by Credit Suisse, there are 56 million millionaires in

1120-520: A sewage-to-water treatment project in Namibia not only provides citizens with safe drinking water, but also boosts productivity by 6% per year. All pollutants and impurities are removed using cutting-edge "multi-barrier" technology, which includes residual chlorination, ozone treatment, and ultra membrane filtration. Strict bio-monitoring methods are also used throughout the process to ensure high-quality, safe drinking water. On 8 June 2023, Namibia became

1232-686: A society (perhaps analyzed using the Gini coefficient ) then can regarded as a measure of wealth inequality. This approach has been used at least since 2014 and has shown, for example, that ancient wealth disparities in Eurasia were greater than those in North America and in Mesoamerica following the earliest Neolithic period. A study by the World Institute for Development Economics Research at United Nations University reports that

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1344-661: A state be not gathered into a few hands… Money is like fertilizer, not good except it be spread." The rise of Communism as a political movement has partially been attributed to the distribution of wealth under capitalism in which a few lived in luxury while the masses lived in extreme poverty or deprivation. However, in the Critique of the Gotha Program , Marx and Engels criticized German Social Democrats for placing emphasis on issues of distribution instead of on production and ownership of productive property . While

1456-423: A substantial worldwide increase in wealth inequality during 2020. According to Credit Suisse, wealth distribution pyramid in 2020 shows that the richest group of adult population (1.1%) owns 45.8% of the total wealth. When compared to the 2013 wealth distribution pyramid, an overall increase of 4.8% can be seen. The bottom half of the world’s total adult population, the bottom quartile in the pyramid, owns only 1.3% of

1568-529: A third of the total wealth. Financial inequality was greater than inequality in total wealth, with the top 1% of the population owning 42.7%, the next 19% of Americans owning 50.3%, and the bottom 80% owning 7%. However, after the Great Recession which started in 2007, the share of total wealth owned by the top 1% of the population grew from 34.6% to 37.1%, and that owned by the top 20% of Americans grew from 85% to 87.7%. The Great Recession also caused

1680-403: A variety of other household and personal characteristics that can assist in explain the differences in wealth. Wealth inequality refers to uneven distribution of wealth among individuals and entities. Although most research depends on written sources, archaeologists and anthropologists often view large houses as occupied by wealthy households. The distribution of contemporaneous house sizes in

1792-534: A variety of other sources. The results from these sources tended to show that the distribution of wealth was very unequal, and that material inheritance had a big role in the matter of wealth differences and in the transmission of the status of wealth from generation to generation. There was also reason to believe that the inequality in wealth was shrinking over time, and also the distribution's shape demonstrated particular statistical regularities that could not have been caused by coincidence. Thus, early theoretical work on

1904-489: A westerly and southwesterly direction to as little as 50 mm (2 in) and less per annum at the coast. The only perennial rivers are found on the national borders with South Africa, Angola, Zambia, and the short border with Botswana in the Caprivi Strip. In the interior of the country, surface water is available only in the summer months when rivers are in flood after exceptional rainfalls. Otherwise, surface water

2016-614: Is Windhoek . The driest country in sub-Saharan Africa , Namibia has been inhabited since pre-historic times by the Khoi , San , Damara and Nama people . Around the 14th century, immigrating Bantu peoples arrived as part of the Bantu expansion . From 1600 the Ovambo formed kingdoms, such as Ondonga and Oukwanyama . In 1884, the German Empire established rule over most of

2128-406: Is a process by which created wealth , under some conditions, can become concentrated by individuals or entities. Those who hold wealth have the means to invest in newly created sources and structures of wealth, or to otherwise leverage the accumulation of wealth, and are thus the beneficiaries of even greater wealth. The first necessary condition for the phenomenon of wealth concentration to occur

2240-508: Is also projected to increase. According to the estimates made by Credit Suisse, the number of global millionaires could exceed 84 million by 2025, a rise of almost 28 million from 2020. The increase of millionaires will not only occur in developed countries such as the USA or other developed countries in Europe, but it is also expected to rapidly increase in lower-income countries. The biggest increase

2352-482: Is an unequal initial distribution of wealth. The distribution of wealth throughout the population is often closely approximated by a Pareto distribution , with tails which decay as a power-law in wealth. (See also: Distribution of wealth and Economic inequality ). According to PolitiFact and others, the 400 wealthiest Americans had "more wealth than half of all Americans combined." Inherited wealth may help explain why many Americans who have become rich may have had

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2464-531: Is by far the largest urban settlement in Namibia. Namibia extends from 17°S to 25°S latitude: climatically the range of the sub-Tropical High Pressure Belt. Its overall climate description is arid, descending from the Sub-Humid [mean rain above 500 mm (20 in)] through Semi-Arid [between 300 and 500 mm (12 and 20 in)] (embracing most of the waterless Kalahari) and Arid [from 150 to 300 mm (6 to 12 in)] (these three regions are inland from

2576-477: Is expected in China, with a change of 92.7%, which is about 4.8 million new dollar millionaires. As a consequence, the number of Ultra High Net Worth Individuals (UHNWI) with net worth exceeding USD 50 million, will also increase. Gini coefficient (or Gini index) is an indicator that is often used to determine wealth inequality. A Gini coefficient of 0 reflects perfect equality, where all income or wealth values are

2688-408: Is generally flat and the soils sandy, limiting their ability to retain water and support agriculture. The Kalahari Desert, an arid region that extends into South Africa and Botswana, is one of Namibia's well-known geographical features. The Kalahari, while popularly known as a desert, has a variety of localised environments, including some verdant and technically non-desert areas. The Succulent Karoo

2800-427: Is growing (if it is not, this implies that the poor could become poorer). Joseph E. Fargione, Clarence Lehman and Stephen Polasky demonstrated in 2011 that chance alone, combined with the deterministic effects of compounding returns, can lead to unlimited concentration of wealth, such that the percentage of all wealth owned by a few entrepreneurs eventually approaches 100%. Given an initial condition in which wealth

2912-453: Is home to over 5,000 species of plants, nearly half of them endemic ; approximately 10 percent of the world's succulents are found in the Karoo. The reason behind this high productivity and endemism may be the relatively stable nature of precipitation. Namibia's Coastal Desert is one of the oldest deserts in the world. Its sand dunes, created by the strong onshore winds, are the highest in

3024-402: Is projected to rise by 39% over the next five years reaching USD 583 trillion by 2025. Wealth per adult is also projected to increase by 31% and so is the number of global millionaires. The wealth pyramid, an infographic used to determine wealth distribution, will also change. The bottom segment covering adults with a net worth below USD 10,000 will likely decrease by approximately 108 million over

3136-484: Is rarely used in the measurement of wealth inequality , also includes human capital . For example, the United Nations definition of inclusive wealth is a monetary measure which includes the sum of natural, human and physical assets. The relation between wealth, income, and expenses is: change of wealth = saving = income − consumption (expenses). If an individual has a large income but also large expenses,

3248-417: Is restricted to a few large storage dams retaining and damming up these seasonal floods and their run-off. Where people do not live near perennial rivers or make use of the storage dams, they are dependent on groundwater. Even isolated communities and those economic activities located far from good surface water sources, such as mining, agriculture, and tourism, can be supplied from groundwater over nearly 80% of

3360-576: Is significantly more productive than the Namib Desert. As summer winds are forced over the Escarpment, moisture is extracted as precipitation. The Bushveld is found in north-eastern Namibia along the Angolan border and in the Caprivi Strip. The area receives a significantly greater amount of precipitation than the rest of the country, averaging around 400 mm (16 in) per year. The area

3472-473: Is situated at the southern edge of the tropics; the Tropic of Capricorn cuts the country about in half. The winter (June – August) is generally dry. Both rainy seasons occur in summer: the small rainy season between September and November, and the big one between February and April. Humidity is low, and average rainfall varies from almost zero in the coastal desert to more than 600 mm (24 in) in

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3584-416: Is unevenly distributed (i.e., a " wealth gap " ), several non-exclusive economic mechanisms for wealth condensation have been proposed: In the first case, being wealthy gives one the opportunity to earn more through high paid employment (e.g., by going to elite schools). In the second case, having high paid employment gives one the opportunity to become rich (by saving your money). In the case of plutocracy,

3696-559: The German Empire deployed troops to the contested places and cemented the status quo among the Nama, Oorlam, and Herero. In 1878, the Cape of Good Hope , then a British colony, annexed the port of Walvis Bay and the offshore Penguin Islands ; these became an integral part of the new Union of South Africa at its creation in 1910. The first Europeans to disembark and explore the region were

3808-677: The German government acknowledge the genocide and agreed to pay €1.1 billion over 30 years in community aid. During World War I, South African troops under General Louis Botha occupied the territory and deposed the German colonial administration. The end of the war and the Treaty of Versailles resulted in South West Africa remaining a possession of South Africa, at first as a League of Nations mandate , until 1990. The mandate system

3920-565: The Lutheran religion among the Ovambo and Kavango people . In the late 19th century, Dorsland Trekkers crossed the area on their way from the Transvaal to Angola. Some of them settled in Namibia instead of continuing their journey. Namibia became a German colony in 1884 under Otto von Bismarck to forestall perceived British encroachment and was known as German South West Africa ( Deutsch-Südwestafrika ). The Palgrave Commission by

4032-718: The Republic of Namibia , is a country in Southern Africa . Its western border is the Atlantic Ocean . It shares land borders with Angola and Zambia to the north, Botswana to the east and South Africa to the east and south. Although it does not border Zimbabwe , less than 200 metres (660 feet) of the Botswanan right bank of the Zambezi River separates the two countries. Its capital and largest city

4144-696: The San , Damara , and Nama . For thousands of years, the Khoisan peoples of Southern Africa maintained a nomadic life, the Khoikhoi as pastoralists and the San people as hunter-gatherers . Around the 14th century, immigrating Bantu people began to arrive during the Bantu expansion from central Africa. From the late 18th century onward, Oorlam people from Cape Colony crossed the Orange River and moved into

4256-614: The Skeleton Coast to the northwest, the Namib Desert and its coastal plains to the southwest, the Orange River to the south, and the Kalahari Desert to the east. The Central Plateau is home to the highest point in Namibia at Königstein elevation 2,606 metres (8,550 ft). The Namib is a broad expanse of hyper-arid gravel plains and dunes that stretches along Namibia's entire coastline. It varies between 100 and 200 kilometres (60 and 120 mi) in width. Areas within

4368-672: The Tripartite Accord , under pressure from both the Soviet Union and the United States. South Africa accepted Namibian independence in exchange for Cuban military withdrawal from the region and an Angolan commitment to cease all aid to PLAN. PLAN and South Africa adopted an informal ceasefire in August 1988, and a United Nations Transition Assistance Group (UNTAG) was formed to monitor the Namibian peace process and supervise

4480-484: The mining industry  – including mining for gem diamonds, uranium , gold , silver and base metals  – form the basis of its economy , while the manufacturing sector is comparatively small. Despite significant GDP growth since its independence, poverty and inequality remain significant in the country. 40.9% of the population is affected by multidimensional poverty , and more than 400,000 people continue to live in informal housing . Income disparity in

4592-466: The oshanas ( Oshiwambo : flood plains) there. The worst floods so far occurred in March 2011 and displaced 21,000 people. Namibia is the driest country in sub-Saharan Africa and depends largely on groundwater. With an average rainfall of about 350 mm (14 in) per annum, the highest rainfall occurs in the Caprivi Strip in the northeast (about 600 mm (24 in) per annum) and decreases in

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4704-506: The African continent. In December 2014, Prime Minister Hage Geingob , the candidate of ruling SWAPO, won the presidential elections , taking 87% of the vote. His predecessor, President Hifikepunye Pohamba , also of SWAPO, had served the maximum two terms allowed by the constitution. In December 2019, President Hage Geingob was re-elected for a second term, taking 56.3% of the vote. On 4 February 2024, President Hage Geingob died and he

4816-478: The Atlantic Ocean, which accounts for very low precipitation (50 mm (2 in) per year or less), frequent dense fog, and overall lower temperatures than in the rest of the country. In Winter, occasionally a condition known as Bergwind (German for "mountain wind") or Oosweer ( Afrikaans for "east weather") occurs, a hot dry wind blowing from the inland to the coast. As the area behind

4928-667: The British governor in Cape Town determined that only the natural deep-water harbour of Walvis Bay was worth occupying and thus annexed it to the Cape province of British South Africa. In 1897, a rinderpest epidemic caused massive cattle die-offs of an estimated 95% of cattle in southern and central Namibia. In response the German colonisers set up a veterinary cordon fence known as the Red Line . In 1907 this fence then broadly defined

5040-455: The Caprivi Strip. Rainfall is highly variable, and droughts are common. In the summer of 2006/07 the rainfall was recorded far below the annual average. In May 2019, Namibia declared a state of emergency in response to the drought, and extended it by an additional 6 months in October 2019. Weather and climate in the coastal area are dominated by the cold, north-flowing Benguela Current of

5152-559: The G8 with United States of America leading with 30.2%, along with other developed countries, several Asia-pacific countries and OPEC countries. World distribution of financial wealth. In 2007, 147 companies controlled nearly 40 percent of the monetary value of all transnational corporations. According to PolitiFact , in 2011 the 400 wealthiest Americans "have more wealth than half of all Americans combined." Inherited wealth may help explain why many Americans who have become rich may have had

5264-535: The International Association for Research in Income and Wealth, "the world distribution of wealth is much more unequal than that of income." For rankings regarding wealth, see list of countries by wealth equality or list of countries by wealth per adult . Wealth of an individual is defined as net worth, expressed as: wealth = assets − liabilities A broader definition of wealth, which

5376-583: The Namib include the Skeleton Coast and the Kaokoveld in the north and the extensive Namib Sand Sea along the central coast. The Great Escarpment swiftly rises to over 2,000 metres (7,000 ft). Average temperatures and temperature ranges increase further inland from the cold Atlantic waters, while the lingering coastal fogs slowly diminish. Although the area is rocky with poorly developed soils, it

5488-620: The Namibian government has promoted a policy of national reconciliation. It issued an amnesty for those who fought on either side during the liberation war. The civil war in Angola spilled over and adversely affected Namibians living in the north of the country. In 1998, Namibia Defence Force (NDF) troops were sent to the Democratic Republic of the Congo as part of a Southern African Development Community (SADC) contingent. In 1999,

5600-466: The Portuguese navigators Diogo Cão in 1485 and Bartolomeu Dias in 1486, but the Portuguese did not try to claim the area. Like most of the interior of Sub-Saharan Africa , Namibia was not extensively explored by Europeans until the 19th century. At that time traders and settlers came principally from Germany and Sweden. In 1870, Finnish missionaries came to the northern part of Namibia to spread

5712-638: The UN General Assembly adopted a resolution proclaiming that, in accordance with the desires of its people, South West Africa be renamed Namibia . United Nations Security Council Resolution 269 , adopted in August 1969, declared South Africa's continued occupation of Namibia illegal. In recognition of this landmark decision, SWAPO's armed wing was renamed the People's Liberation Army of Namibia (PLAN). Namibia became one of several flashpoints for Cold War proxy conflicts in southern Africa during

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5824-558: The UN General Assembly rejected this proposal, South Africa dismissed its opinion and began solidifying control of the territory. The UN General Assembly and Security Council responded by referring the issue to the International Court of Justice (ICJ), which held a number of discussions on the legality of South African rule between 1949 and 1966. South Africa began imposing apartheid , its codified system of racial segregation and discrimination, on South West Africa during

5936-622: The UN recognised the South West Africa People's Organisation ( SWAPO ) as the official representative of the Namibian people. Namibia gained independence from South Africa on 21 March 1990, following the South African Border War . However, Walvis Bay and the Penguin Islands remained under South African control until 1994. Namibia is a stable parliamentary democracy . Agriculture, tourism and

6048-601: The area that today is southern Namibia. Their encounters with the nomadic Nama tribes were largely peaceful. They received the missionaries accompanying the Oorlam very well, granting them the right to use waterholes and grazing against an annual payment. On their way further north, however, the Oorlam encountered clans of the OvaHerero at Windhoek, Gobabis , and Okahandja , who resisted their encroachment. The Nama-Herero War broke out in 1880, with hostilities ebbing only after

6160-474: The belief that limiting wealth will gain the political favor of a voting bloc , or fear that extreme concentration of wealth results in rebellion. Various forms of socialism attempt to diminish the unequal distribution of wealth and thus the conflicts and social problems arising from it. During the Age of Reason , Francis Bacon wrote "Above all things good policy is to be used so that the treasures and monies in

6272-474: The bottom 60% of the world population held the same wealth in 2012 as the people on Forbes' Richest list consisting of 1,226 richest billionaires of the world. A 2021 Oxfam report found that collectively, the 10 richest men in the world owned more than the combined wealth of the bottom 3.1 billion people, almost half of the entire world population. Their combined wealth doubled during the pandemic. ‘Global wealth Report 2021’, published by Credit Suisse, shows

6384-401: The bottom 80% of the population owned 15%. From 1922 to 2010, the share of the top 1% varied from 19.7% to 44.2%, the big drop being associated with the drop in the stock market in the late 1970s. Ignoring the period where the stock market was depressed (1976–1980) and the period when the stock market was overvalued (1929), the share of wealth of the richest 1% remained extremely stable, at about

6496-581: The boundaries for the first Police Zone. From 1904 to 1907, the Herero and the Namaqua took up arms against ruthless German settlers. In a calculated punitive action by the German settlers, government officials ordered the extinction of the natives in the OvaHerero and Namaqua genocide . In what has been called the "first genocide of the 20th century", the Germans systematically killed 10,000 Nama (half

6608-523: The broader dysfunction of a dollar dominated political system particular to the US than with the role of the extremely wealthy. Counterbalances to wealth concentration include certain forms of taxation, in particular wealth tax , inheritance tax and progressive taxation of income. However, concentrated wealth does not necessarily inhibit wage growth for ordinary workers with low wages. The investor, billionaire , and philanthropist Warren Buffett , one of

6720-502: The coast is a desert, these winds can develop into sand storms, leaving sand deposits in the Atlantic Ocean that are visible on satellite images. The Central Plateau and Kalahari areas have wide diurnal temperature ranges of up to 30C (54F). Efundja , the annual seasonal flooding of the northern parts of the country, often causes not only damage to infrastructure but loss of life. The rains that cause these floods originate in Angola, flow into Namibia's Cuvelai-Etosha Basin , and fill

6832-474: The colony to South Africa. From 1948, with the National Party elected to power, this included South Africa applying apartheid to what was then known as South West Africa . In the later 20th century, uprisings and demands for political representation resulted in the United Nations assuming direct responsibility over the territory in 1966, but South Africa maintained de facto rule until 1973, when

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6944-686: The country is one of the world's highest with a Gini coefficient of 59.1 in 2015. With a population of 3,022,401 people today, Namibia is one of the most sparsely populated countries in the world. Namibia is a member state of the United Nations , the Southern African Development Community , the African Union and the Commonwealth of Nations . The name of the country is derived from the Namib desert,

7056-649: The country. More than 100,000 boreholes have been drilled in Namibia over the past century. One third of these boreholes have been drilled dry. An aquifer called Ohangwena II, on both sides of the Angola-Namibia border, was discovered in 2012. It has been estimated to be capable of supplying a population of 800,000 people in the North for 400 years, at the current (2018) rate of consumption. Experts estimate that Namibia has 7,720 km (1,850 cu mi) of underground water. According to African Folder,

7168-526: The curve (people, 1%; wealth, 100%) or (p=1, w=100) or (1, 100). In the real world two points on the WOP curve are always known before any statistics are gathered. These are the topmost point (1, 100) by definition, and the rightmost point (poorest people, lowest wealth) or (p=100, w=0) or (100, 0). This unfortunate rightmost point is given because there are always at least one percent of households (incarcerated, long term illness, etc.) with no wealth at all. Given that

7280-403: The developed nations (behind Denmark and Switzerland). More sophisticated models have also been proposed. To model aspects of the distribution and holdings of wealth, there have been many different types of theories used. Before the 1960s, the data regarding this was collected mostly from wealth tax and estate tax records, with further proof gathered from small unrepresentative examinations and

7392-401: The distribution of wealth wanted to explain the statistical regularities, and also comprehend the relationship of basic forces which could be an explanation for the concentration of wealth to be high and the trend of declining over time. More lately, the research about wealth distribution has moved away from the worry with overall distributional characteristics, and in its place focuses more on

7504-600: The downfall of the Herero in Namibia was a model for the Nazis in the Holocaust . The memory of what happened under German rule has contributed to shape the ethnic identity in independent Namibia and has kept its significance in today's relations with Germany. The German minister for development aid apologised for the Namibian genocide in 2004. However, the German government distanced itself from this apology. Only in 2021 did

7616-441: The economic disruption caused by the pandemic and disconnect between the improvement in the financial and real assets of households. However, the biggest difference can be seen in the 10,000 – US$ 100,000 segment. Since 2013, there had been an increase of almost 10% of total adult population. According to Credit Suisse, the number of adults in this segment tripled since 2000. Credit Suisse explains this fact by stating that this increase

7728-457: The first Southern African country and the eighth country in Africa to accede to the Convention on the Protection and Use of Transboundary Watercourses and International Lakes (UN Water Convention). Wealth inequality The distribution of wealth differs from the income distribution in that it looks at the economic distribution of ownership of the assets in a society, rather than the current income of members of that society. According to

7840-503: The grounds of individual differences in the holdings of wealth. This change was caused partly because the importance of saving for retirement increased, and it is reflected in the vital role now assigned to the model of lifecycle savings developed by Modigliani and Brumberg (1954), and Ando and Modigliani (1963). Another important progress has been the increase in availability and finesse in sets of micro-data, which offer not just estimations of individuals' asset holdings and savings but also

7952-404: The households in a nation being sorted from richest to poorest. They are then shrunk down and lined up (richest at the left) along the horizontal scale. For any particular household, its point on the curve represents how their wealth compares (as a proportion) to the average wealth of the richest percentile. For any nation, the average wealth of the richest 1/100 of households is the topmost point on

8064-657: The ideas of Marx have nominally influenced various states in the 20th century, the Marxist notions of socialism and communism remains elusive. On the other hand, the combination of labor movements , technology , and social liberalism has diminished extreme poverty in the developed world today, though extremes of wealth and poverty continue in the Third World . In the Outlook on the Global Agenda 2014 from

8176-434: The last South African troops had been withdrawn from Namibia, all political prisoners granted amnesty, racially discriminatory legislation repealed, and 42,000 Namibian refugees returned to their homes. Just over 97% of eligible voters participated in the country's first parliamentary elections held under a universal franchise . The United Nations plan included oversight by foreign election observers in an effort to ensure

8288-543: The late 1940s. Black South West Africans were subject to pass laws , curfews, and a host of residential regulations that restricted their movement. Development was concentrated in the southern region of the territory adjacent to South Africa, known as the " Police Zone ", where most of the major settlements and commercial economic activity were located. Outside the Police Zone, indigenous peoples were restricted to theoretically self-governing tribal homelands . During

8400-627: The late 1950s and early 1960s, the accelerated decolonisation of Africa and mounting pressure on the remaining colonial powers to grant their colonies self-determination resulted in the formation of nascent nationalist parties in South West Africa. Movements such as the South West African National Union (SWANU) and the South West African People's Organisation (SWAPO) advocated for the formal termination of South Africa's mandate and independence for

8512-512: The latter years of the PLAN insurgency. The insurgents sought out weapons and sent recruits to the Soviet Union for military training. As the PLAN war effort gained momentum, the Soviet Union and other sympathetic states such as Cuba continued to increase their support, deploying advisers to train the insurgents directly as well as supplying more weapons and ammunition. SWAPO's leadership, dependent on Soviet, Angolan, and Cuban military aid, positioned

8624-587: The least rainfall of any country in sub-Saharan Africa. The Namibian landscape consists generally of five geographical areas, each with characteristic abiotic conditions and vegetation, with some variation within and overlap between them: the Central Plateau, the Namib, the Great Escarpment , the Bushveld , and the Kalahari Desert. The Central Plateau runs from north to south, bordered by

8736-469: The left at the Tyrant's maximum wealth of 100%. It then immediately drops to zero at p=2, and continues at zero horizontally across the rest of the people. That is, the tyrant and his friends (the top percentile) own all the nation's wealth. All other citizens are serfs or slaves. An obvious intermediate form is a straight line connecting the left/top point to the right/bottom point. In such a "Diagonal" society

8848-641: The mandate as a veiled annexation and made no attempt to prepare South West Africa for future autonomy. As a result of the Conference on International Organization in 1945, the League of Nations was formally superseded by the United Nations (UN) and former League mandates by a trusteeship system. Article 77 of the United Nations Charter stated that UN trusteeship "shall apply...to territories now held under mandate"; furthermore, it would "be

8960-514: The most equal country in terms of wealth distribution. When compared to the report made by Credit Suisse in 2019, an increasing trend of wealth inequality can be observed. This may be the result of repercussions of the Covid-19 pandemic. The biggest increase was recorded in Brazil. The Gini coefficient in 2019 was 88.2% and 89% in 2021, with an increase of 0.8% over this period. The following table

9072-524: The movement firmly within the socialist bloc by 1975. This practical alliance reinforced the external perception of SWAPO as a Soviet proxy, which dominated Cold War rhetoric in South Africa and the United States. For its part, the Soviet Union supported SWAPO partly because it viewed South Africa as a regional Western ally. Growing war weariness and the reduction of tensions between the superpowers compelled South Africa, Angola, and Cuba to accede to

9184-490: The national assembly). The country officially became independent on 21 March 1990. Sam Nujoma was sworn in as the first President of Namibia at a ceremony attended by Nelson Mandela of South Africa (who had been released from prison the previous month) and representatives from 147 countries, including 20 heads of state. In 1994, shortly before the first multiracial elections in South Africa, that country ceded Walvis Bay to Namibia. Since independence Namibia has completed

9296-515: The national government quashed a secessionist attempt in the northeastern Caprivi Strip . The Caprivi conflict was initiated by the Caprivi Liberation Army (CLA), a rebel group led by Mishake Muyongo . It wanted the Caprivi Strip to secede and form its own society. In 2007, Twyfelfontein was inscribed as a cultural UNESCO World Heritage Site , a prehistoric site with one of the largest concentrations of rock engravings on

9408-417: The net effect of that income on her or his wealth could be small or even negative. There are many ways in which the distribution of wealth can be analyzed. One common-used example is to compare the amount of the wealth of individual at say 99 percentile relative to the wealth of the median (or 50th) percentile. This is P99/P50 is one of the potential Kuznets ratios which is the inverted U shape that indicates

9520-539: The next five years. The lower-middle segment of the pyramid containing adults with a net worth in the range of USD 10,000 and USD 100,000 is projected to rise by 237 million adults. Most of these new members are most likely to be from lower-income countries. The upper-middle segment, consisting of adults with wealth between USD 100,000 and USD 1 million is projected to rise by 178 million adults. Most of these new members (approximately 114 million) are likely to come from upper-middle-income countries. Number of global millionaires

9632-505: The oldest desert in the world. The word Namib itself is of Nama origin and means "vast place". The name was chosen by Mburumba Kerina , who originally proposed "Republic of Namib". Before Namibia became independent in 1990, its territory was known first as German South-West Africa ( Deutsch-Südwestafrika ), and then as South West Africa , reflecting its colonial occupation by Germans and South Africans, respectively. The dry lands of Namibia have been inhabited since prehistoric times by

9744-526: The population) and approximately 65,000 Herero (about 80% of the population). The survivors, when finally released from detention, were subjected to a policy of dispossession, deportation, forced labour, racial segregation, and discrimination in a system that in many ways foreshadowed the apartheid established by South Africa in 1948. Most Africans were confined to so-called native territories, which under South African rule after 1949 were turned into "homelands" ( Bantustans ). Some historians have speculated that

9856-542: The potential for novel consumer products and innovative financial services targeted at this often neglected segment. The pyramid shows that: In 2020, Credit Suisse created an updated wealth pyramid infographic. The infographic was constructed similarly to the pyramid in 2013, thus personal assets were calculated in net worth. In 2020, Credit Suisse estimated that approximately 2.88 billion people (55% of adult population) have wealth below US$ 10,000. Further, 1.7 billion individuals (38.2% of adult population) have wealth within

9968-457: The range of 10,000 – US$ 100,000. To continue, 583 million people have wealth within the range of 100,000 – US$ 1,000,000 and approximately 56 million people (1.1% of adult population) have wealth over US$ 1,000,000. Vast differences between 2013 and 2020 infographic can be observed. For the first time, more than 1% of all global adults have wealth over US$ 1,000,000. Credit Suisse explains in the ‘Global Wealth Report 2021’, that this increase reflects

10080-413: The relationship between the inequality and the income per capita. Another common measure is the ratio of total amount of wealth in the hand of top say 1% of the wealth distribution over the total wealth in the economy. In many societies, the richest ten percent control more than half of the total wealth. The Pareto Distribution has often been used to mathematically quantify the distribution of wealth at

10192-412: The return of refugees. The ceasefire was broken after PLAN made a final incursion into the territory, possibly as a result of misunderstanding UNTAG's directives, in March 1989. A new ceasefire was later imposed with the condition that the insurgents were to be confined to their external bases in Angola until they could be disarmed and demobilised by UNTAG. By the end of the 11-month transition period,

10304-455: The richest 1% of adults alone owned 40% of global assets in the year 2000, and that the richest 10% of adults accounted for 85% of the world total. The bottom half of the world adult population owned 1% of global wealth. A 2006 study found that the richest 2% own more than half of global household assets . The Pareto distribution gives 52.8% owned by the upper 1%. According to the OECD in 2012

10416-548: The right tail (the wealth of the very rich); stating that the upper 20% owns 80%, the upper 4% owns 64%, the upper 0.8% owns 51.2%, etc. In fact, the tail of wealth distributions, similar to that of income distribution, behaves like a Pareto distribution but with a thicker tail. Wealth over people (WOP) curves are a visually compelling way to show the distribution of wealth in a nation. WOP curves are modified distribution of wealth curves. The vertical and horizontal scales each show percentages from zero to one hundred. We imagine all

10528-573: The same, while a Gini coefficient of 1 (or 100%) reflects maximal inequality among values, a situation where a single individual has all the income while all others have none. According to the Credit Suisse ‘Global wealth Report 2021’, Brunei had the highest Gini coefficient in 2021 (91.6%), therefore the wealth distribution in Brunei is vastly unequal. Slovakia had the lowest Gini coefficient in 2021 (50.3%) out of all countries, which makes Slovakia

10640-562: The striking workers would later join SWAPO's PLAN as part of the South African Border War. As SWAPO's insurgency intensified, South Africa's case for annexation in the international community continued to decline. The UN declared that South Africa had failed in its obligations to ensure the moral and material well-being of South West Africa's indigenous inhabitants, and had thus disavowed its own mandate. On 12 June 1968,

10752-523: The territory, forming a colony known as German South West Africa . Between 1904 and 1908, German troops waged a punitive campaign against the Herero and Nama which escalated into the first genocide of the 20th century. German rule ended during the First World War with a 1915 defeat by South African forces. In 1920, after the end of the war, the League of Nations mandated administration of

10864-450: The territory. In 1966, following the ICJ's controversial ruling that it had no legal standing to consider the question of South African rule, SWAPO launched an armed insurgency that escalated into part of a wider regional conflict known as the South African Border War . In 1971 Namibian contract workers led a general strike against the contract system and in support of independence. Some of

10976-487: The top 0.6% of world population (consisting of adults with more than US$ 1 million in assets) or the 42 million richest people in the world held 39.3% of world wealth. The next 4.4% (311 million people) held 32.3% of world wealth. The bottom 95% held 28.4% of world wealth. The large gaps of the report get by the Gini index to 0.893, and are larger than gaps in global income inequality, measured in 2009 at 0.38. For example, in 2012

11088-552: The top 10% of land owners (all corporations) in Baltimore, Maryland own 58% of the taxable land value. The bottom 10% of those who own any land own less than 1% of the total land value. This form of analysis as well as Gini coefficient analysis has been used to support land value taxation . In 2013, Credit Suisse prepared a wealth pyramid infographic (shown right). Personal assets were calculated in net worth , meaning wealth would be negated by having any mortgages. It has

11200-429: The topmost and rightmost points are fixed ... our interest lies in the form of the WOP curve between them. There are two extreme possible forms of the curve. The first is the "perfect communist" WOP. It is a straight line from the leftmost (maximum wealth) point horizontally across the people scale to p=99. Then it drops vertically to wealth = 0 at (p=100, w=0). The other extreme is the "perfect tyranny" form. It starts on

11312-520: The total wealth. Again, when compared to the 2013 wealth distribution pyramid, a decrease of 1.7% can be observed. In conclusion, this comparison shows a substantial worldwide increase in wealth inequality over these years. One of the main explanations for the ongoing increase of wealth inequality are the repercussions of the COVID-19 pandemic. Credit Suisse claims that the economic impact of the pandemic on employment and incomes in 2020 are likely to have

11424-620: The transition from white minority apartheid rule to parliamentary democracy. Multiparty democracy was introduced and has been maintained, with local, regional and national elections held regularly. Several registered political parties are active and represented in the National Assembly, although the SWAPO has won every election since independence. The transition from the 15-year rule of President Nujoma to his successor Hifikepunye Pohamba in 2005 went smoothly. Since independence,

11536-462: The upper class, and sometimes to diminish economic inequality . Examples of this practice go back at least to the Roman republic in the third century B.C., when laws were passed limiting the amount of wealth or land that could be owned by any one family. Motivations for such limitations on wealth include the desire for equality of opportunity, a fear that great wealth leads to political corruption, to

11648-673: The wealthiest people in the world, voiced in 2005 and once more in 2006 his view that his class, the "rich class", is waging class warfare on the rest of society. In 2005 Buffet said to CNN: "It's class warfare, my class is winning, but they shouldn't be." In a November 2006 interview in The New York Times , Buffett stated that "[t]here’s class warfare all right, but it’s my class, the rich class, that’s making war, and we’re winning." In many societies, attempts have been made, through property redistribution , taxation , or regulation , to redistribute wealth, sometimes in support of

11760-502: The wealthy exert power over the legislative process, which enables them to increase the wealth disparity. An example of this is the high cost of political campaigning in some countries, in particular in the US (more generally, see also plutocratic finance ). Because these mechanisms are non-exclusive, it is possible for all three explanations to work together for a compounding effect, increasing wealth concentration even further. Obstacles to restoring wage growth might have more to do with

11872-460: The western escarpment ) to the Hyper-Arid coastal plain [less than 100 mm (4 in)]. Temperature maxima are limited by the overall elevation of the entire region: only in the far south, Warmbad for instance, are maxima above 40 °C (104 °F) recorded. Typically the sub-Tropical High Pressure Belt, with frequent clear skies, provides more than 300 days of sunshine per year. It

11984-463: The world in 2020, increasing by 5.2 million from a year earlier. The biggest number of dollar millionaires is reported in the USA, with 22 million millionaires (approximately 39% of the world total). This is far ahead of China, holding second place, with 9.4% of all global millionaires. The third place is currently being held by Japan, with 6.6% of all global millionaires. While sizeable numbers of households own no land, few have no income. For example,

12096-578: The world. Because of the location of the shoreline, at the point where the Atlantic's cold water reaches Africa's hot climate, often extremely dense fog forms along the coast. Near the coast there are areas where the dune-hummocks are vegetated. Namibia has rich coastal and marine resources that remain largely unexplored. The Caprivi Strip extends east from the northeastern corner of the country. Namibia has 13 cities, governed by municipalities and 26 towns, governed by town councils. The capital Windhoek

12208-439: Was a result of growing prosperity of emerging economies, especially China, and the expansion of the middle class in the developing world. The upper-middle segment, with wealth in a range of 100,000 – US$ 1,000,000 has increased by 3.4%. Credit Suisse in the report states that the middle class in developed countries typically belong to this group. According to the ‘Global wealth Report 2021’, published by Credit Suisse, global wealth

12320-546: Was created from information provided by the Credit Suisse Research Institute's "Global Wealth Databook", Table 3-1, published 2021. Wealth is unevenly distributed across different world regions. At the end of the 20th century, wealth was concentrated among the G8 and Western industrialized nations , along with several Asian and OPEC nations. In the 21st century, wealth is still concentrated among

12432-499: Was formed as a compromise between those who advocated for an Allied annexation of former German and Ottoman territories and a proposition put forward by those who wished to grant them to an international trusteeship until they could govern themselves. It permitted the South African government to administer South West Africa until that territory's inhabitants were prepared for political self-determination. South Africa interpreted

12544-459: Was immediately succeeded by vice-president Nangolo Mbumba as new President of Namibia. At 825,615 km (318,772 sq mi), Namibia is the world's thirty-fourth largest country (after Venezuela). It lies mostly between latitudes 17° and 29°S (a small area is north of 17°), and longitudes 11° and 26°E . Being situated between the Namib and the Kalahari deserts, Namibia has

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