Riding the Elephants: The Evolution of World Economic Growth and Income Distribution at the End of the Twentieth Century (1980-2000)
AbstractThis paper presents estimates of world economic growth for 1970-2000, and changes in the intercountry and interpersonal distribution of world income between 1980 and 2000. These estimates suggest that, while the rate of growth of the world economy slowed in the 1980-2000 period, and average within-country inequality worsened, the distribution of world income among individuals, nevertheless, improved a little. However, that result was wholly due to the exceptional economic performances of China and India. Outside these two countries, the slowdown in world growth was even more dramatic, the distribution of world income unequivocally worsened, and poverty rates remained largely unchanged.
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Bibliographic InfoPaper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 27.
Length: 36 pages
Date of creation: Sep 2006
Date of revision:
world inequality trends; international income distribution; convergence; world poverty trends;
Find related papers by JEL classification:
- F0 - International Economics - - General
- I3 - Health, Education, and Welfare - - Welfare and Poverty
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2006-09-23 (All new papers)
- NEP-CWA-2006-09-23 (Central & Western Asia)
- NEP-DEV-2006-09-23 (Development)
- NEP-HIS-2006-09-23 (Business, Economic & Financial History)
- NEP-PKE-2006-09-23 (Post Keynesian Economics)
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