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Worlds Apart: Measuring International and Global Inequality
     

Worlds Apart: Measuring International and Global Inequality

by Branko Milanovic
 

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ISBN-10: 0691130515

ISBN-13: 9780691130514

Pub. Date: 01/02/2007

Publisher: Princeton University Press

We are used to thinking about inequality within countries—about rich Americans versus poor Americans, for instance. But what about inequality between all citizens of the world? Worlds Apart addresses just how to measure global inequality among individuals, and shows that inequality is shaped by complex forces often working in different directions.

Overview

We are used to thinking about inequality within countries—about rich Americans versus poor Americans, for instance. But what about inequality between all citizens of the world? Worlds Apart addresses just how to measure global inequality among individuals, and shows that inequality is shaped by complex forces often working in different directions. Branko Milanovic, a top World Bank economist, analyzes income distribution worldwide using, for the first time, household survey data from more than 100 countries. He evenhandedly explains the main approaches to the problem, offers a more accurate way of measuring inequality among individuals, and discusses the relevant policies of first-world countries and nongovernmental organizations.

Inequality has increased between nations over the last half century (richer countries have generally grown faster than poorer countries). And yet the two most populous nations, China and India, have also grown fast. But over the past two decades inequality within countries has increased. As complex as reconciling these three data trends may be, it is clear: the inequality between the world's individuals is staggering. At the turn of the twenty-first century, the richest 5 percent of people receive one-third of total global income, as much as the poorest 80 percent. While a few poor countries are catching up with the rich world, the differences between the richest and poorest individuals around the globe are huge and likely growing.

Product Details

ISBN-13:
9780691130514
Publisher:
Princeton University Press
Publication date:
01/02/2007
Edition description:
New
Pages:
240
Product dimensions:
6.10(w) x 9.20(h) x 0.60(d)

Table of Contents

Acknowledgments vii
Prologue: The Promise of the Twentieth Century 1
Introduction: A Topic Whose Time Has Come 3

PART I: SETTING THE STAGE

Chapter 1: The Three Concepts of Inequality Defined 7
Chapter 2: Other Differences between the Concepts 12
Chapter 3: International and World Inequality Compared 20

PART II: INEQUALITY AMONG COUNTRIES

Chapter 4: Rising Differences in Per Capita Incomes 31
Chapter 5: Regional Convergence, Divergence, or . . . ''Vergence'' 45
Chapter 6: The Shape of International GDP Per Capita Distribution 51
Chapter 7: Winners and Losers: Increasing Dominance of the West 61

PART III: GLOBAL INEQUALITY

Chapter 8: Concept 2 Inequality: Decreasing in the Past Twenty Years 85
Chapter 9: High Global Inequality: No Trend? 101
Chapter 10: A World without a Middle Class 128

PART IV: CONCLUDING COMMENTS

Chapter 11: The Three Concepts of Inequality in Historical Perspective 139
Chapter 12: Why Does Global Inequality Matter and What to Do about It? 149
Appendixes 1-7 163

Notes 195
References 213
Index of Authors 223
Index of Subjects 225

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