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Inequality actually isn't falling in China or India, though it might be falling slightly in Brazil[1][2][3]. Global income inequality is decreasing because the
by enoch_r 12y ago
Inequality actually isn't falling in China or India, though it might be falling slightly in Brazil[1][2][3]. Global income inequality is decreasing because the poor countries are developing, and those countries from a position so far behind the developed world that their growth has a significant effect on global inequality, even if within any particular country inequality has increased.
[1]http://en.wikipedia.org/wiki/Income_inequality_in_China http://en.wikipedia.org/wiki/Income_inequality_in_China
[2]http://en.wikipedia.org/wiki/Income_inequality_in_Brazil http://en.wikipedia.org/wiki/Income_inequality_in_Brazil
[3]http://timesofindia.indiatimes.com/business/india-business/Income-inequality-on-the-rise-in-countries-like-India-IMF/articleshow/29857803.cms http://timesofindia.indiatimes.com/business/india-business/I...