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Causes of Changing Inequality in the World

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  • James K. Galbraith

    (The University of Texas at Austin)

Abstract

To come up with a theory that explains inequality and that has common application across many countries, we need measurements of inequality across countries and through time that are reasonably comprehensive and reasonably reliable — and this is a major challenge. For most countries in the world today, growth reduces inequality, and rich countries are more egalitarian than poor ones. However, there are exceptions. While global financial forces and changing financial conditions have played a powerful role affecting economic inequalities, there does not appear to be a single permanent trend to inequality.

Suggested Citation

  • James K. Galbraith, 2016. "Causes of Changing Inequality in the World," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 51(2), pages 55-60, March.
    • Handle: RePEc:spr:intere:v:51:y:2016:i:2:d:10.1007_s10272-016-0577-z
    DOI: 10.1007/s10272-016-0577-z
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    Cited by:

    1. Angeles Sánchez & María Navarro, 2021. "Public Policies of Welfare State and Child Poverty in the European Union," Sustainability, MDPI, vol. 13(5), pages 1-17, March.
    2. Gil-Alana, Luis A. & Škare, Marinko & Pržiklas-Družeta, Romina, 2019. "Measuring inequality persistence in OECD 1963–2008 using fractional integration and cointegration," The Quarterly Review of Economics and Finance, Elsevier, vol. 72(C), pages 65-72.
    3. Yuriy Bilan & Halyna Mishchuk & Natalia Samoliuk & Halyna Yurchyk, 2020. "Impact of Income Distribution on Social and Economic Well-Being of the State," Sustainability, MDPI, vol. 12(1), pages 1-15, January.

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