How unequal are world incomes? C. P. Chandrasekhar and Jayati Ghosh

In discussions of global inequality, there is general agreement that, whatever else may have happened, within-country inequality has increased in most cases, even as between-country inequality has come down. But overall, because of the recent emergence of countries with large populations like China and India, there has actually been some reduction in global inequality, because of increasing incomes in the “middle” of the global distribution. Chart 1 shows that, whether measured by the Gini coefficient (a measure of the dispersion of incomes of the population) or the Palma ratio (the ratio of the share of income of the top ten…

Growing Inequality: Cause and Consequence of Financial Crisis Mah-Hui Lim

Rising inequality is among the root causes of the recent global financial crisis; and quantitative easing, the pill that was supposed to be the cure, has not only been ineffective but also has produced unintended consequences of rising inequality. growing_inequality (Download the full text in PDF format) (Mah-Hui Lim was formerly a post-doctoral fellow at Duke University and Assistant Professor at Temple University in the US, and an international banker. He serves as a city councillor in Penang island, Malaysia.)  

Inequality in South Asia Jayati Ghosh

The South Asian region used to be described as one of the less unequal in the developing world, particularly in contrast with Latin America, and more recently even in contrast with China, which has experienced rapid increases in income inequality during its period of rapid growth. This perception was always contested by those who felt that inequality particularly in India has been underestimated. But in any case recent increases even in recorded inequality suggest that the earlier complacency is unwarranted. South Asia is clearly a region in which the period of globalization has been associated with greater income and consumption…

Income Distribution and Sustainable Economic Development in East Asia : A Comparative Analysis Medhi Krongkaew and Ragayah Haji Mat Zin

[Working Paper No. 02/2007] This paper synthesizes the major findings from eight selected East Asian country studies (China, Indonesia, Korea, Malaysia, Philippines, Singapore, Thailand, and Vietnam) regarding the relationship between economic growth and income distributions in these economies in the last decade. It discusses the sources of their different patterns of economic growth and income distributions, the impact of particular economic policies on income distribution, as well as the policy responses to emerging situations in these countries. It is seen that in varying ways, economic growth has generated different levels of increase in average income and fall in the incidence…