Global Income Inequality by the Numbers : In History and Now

• Tác giả: Branko Milanovic
• Ngôn ngữ: eng
• Ký hiệu phân loại: 330.16 Theories of wealth
• Thông tin xuất bản: World Bank, Washington, DC, 2013
• Bộ sưu tập: Tài liệu truy cập mở
• ID: 325626
• Chủ đề: 1. ABSOLUTE POVERTY; 2. AVERAGE INCOME; 3. AVERAGE INCOMES; 4. BOTTOM LINE; 5. CONCEPTS OF INEQUALITY

Tóm tắt

The paper presents an overview of calculations of global inequality, recently and over the long-run as well as main controversies and political and philosophical implications of the findings. It focuses in particular on the winners and losers of the most recent episode of globalization, from 1988 to 2008. It suggests that the period might have witnessed the first decline in global inequality between world citizens since the Industrial Revolution. The decline however can be sustained only if countries' mean incomes continue to converge (as they have been doing during the past ten years) and if internal (within-country) inequalities, which are already high, are kept in check. Mean-income convergence would also reduce the huge "citizenship premium" that is enjoyed today by the citizens of rich countries.