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