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Trends in World Income Inequality and the ‘Emerging Middle’

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  • Roberto Patricio Korzeniewicz

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    (University of Maryland, Maryland.)

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    Abstract

    The contribution in this volume by Matthias vom Hau, James Scott and David Hulme offers an important point of departure for evaluating the rise of emerging powers and their potential impact on global poverty reduction. This article seeks to further specify (i) the salient cases of rapid economic growth that have come to constitute the ‘emerging middle’ phenomenon; (ii) the relationship between this ‘emerging middle’ and recent patterns of change and continuity in world income inequality; and (iii) the relationship between these changes and possible future patterns in world poverty. The article argues that China and India constitute the two most salient instances of rapid economic growth. For most countries in the world, on the other hand, there has been considerable stability in the relative distribution of world income. Moreover, the very success of China and India might translate into constraints for economic growth in both wealthy and middle-income countries.La contribution de Matthias vom Hau, James Scott et David Hulme à ce volume constitue un point de départ important afin d’évaluer la montée des pays émergents et l’impact potentiel de ce processus sur la réduction de la pauvreté mondiale. Le but de cet article est d′examiner de manière approfondie (a) les cas les plus remarquables de croissance économique rapide, représentatifs des nouvelles “économies émergentes moyennes”, (b) le lien entre ces économies émergentes moyennes et les tendances récentes de changement ou de continuité dans les inégalités de revenus dans le monde, et (c) la relation entre ces changements et les futures évolutions possibles de la pauvreté dans le monde. L′article soutient que la Chine et l′Inde représentent les cas les plus saillants de croissance économique rapide. Pour la plupart des autres pays, en revanche, on constate une grande stabilité dans la répartition relative des revenus mondiaux. Qui plus est, le succès même de la Chine et de l′Inde pourrait bien se traduire par des contraintes sur la croissance économique des pays riches et intermediaries

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    Bibliographic Info

    Article provided by Palgrave Macmillan in its journal European Journal of Development Research.

    Volume (Year): 24 (2012)
    Issue (Month): 2 (April)
    Pages: 205-222

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    Handle: RePEc:pal:eurjdr:v:24:y:2012:i:2:p:205-222

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