Sat, 23 Aug 2003 22:20:26 GMT

Globalisation and Falling Inequality.

The Economist discusses a lecture by Stanley Fischer (ex-MIT,IMF and now with Citigroup) and summarises that “if you consider people, not countries, global inequality is falling rapidly.” One of the reasons: “Two of the poorest countries in the world÷China and India÷have both (a) enormous populations and (b) rapid growth in incomes per head in the years in question.”

[E M E R G I C . o r g]

but maybe we should account for inflation and money transfer and illicit economies to see where that equality arises.

This entry was posted in General.