A Note on Estimating Income Inequality across countries using PPP Exchange Rates Jayati Ghosh

The use of exchange rates based on Purchasing Power Parities to compare income across countries and over time has become standard practise. But there are reasons to believe this could lead to excessively inflated incomes for poor countries and in some cases also inflate the extent of real changes over time. Estimates of gross domestic product growth in Chinese and Indian economies in recent years provide examples of this. ELRR_PPP_Exchange_Rates (Download the full text in PDF format) (This article was originally posted in the Economic and Labour Relations Review on January 30, 2018.)

The Global Divide: Inequality in the world economy Marc Lee

Inequality is a pressing issue in the global economy. This new report by the Canadian Centre for Policy Alternatives finds that inequality is extremely large and growing, both between and within countries. The World Bank and IMF have been significant contributors to the rise in global inequality. global_divide (Download the full text in PDF format)