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According to this UN report: http://www.un.org/en/development/desa/policy/wess/wess_bg_papers/bp_wess2013_svieira1.pdf http://www.un.org/en/development/desa/pol
by efaref 11y ago
According to this UN report: http://www.un.org/en/development/desa/policy/wess/wess_bg_papers/bp_wess2013_svieira1.pdf http://www.un.org/en/development/desa/policy/wess/wess_bg_pa... global inequality has been increasing despite convergence of inter-national mean incomes. The rich have been getting richer faster than the poor have been catching up.
- chimeracoder 11y ago> global inequality has been increasing despite convergence of inter-national mean incomes. This is a misuse of terminology. Generally when people talk about "global inequality" they are speaking either of median (not mean) incomes or median standard of living, (which is most accurately tracked by median PPP-adjusted incomes). The latter is more common in political and non-academic circles, because standard-of-living is largely what people actually care about at the end of the day. I didn't say that inequality within individual countries hasn't been increasing - and in fact, one of the major criticisms of globalization is linked to the divergence of opportunities within developing countries. But it's undeniable that globalization has caused median standard-of-living to converge globally and median standard-of-living to increase in developing countries, and the convergence of mean incomes globally between countries provides rough evidence of this..
- tomp 11y agoMeadian doesn't make sense when talking about inequality. 3 people having $1, $2 and $3 have the same "median inequality" as 3 people having $1, $2 and $300000000000. You need either mean, range or quantiles.
- chimeracoder 11y ago> Meadian doesn't make sense when talking about inequality. You need either mean, range or quantiles. Uh... what? The median is the 2-quantile.
- tomp 11y agoSorry, I meant "interquantile range" (e.g. 25-75th quantile).