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Global poverty and inequality in the 20th century: turning the corner?

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  • Australian Treasury

    (Treasury, Government of Australia)

Abstract

Living standards increased markedly during the 20th century. Moreover, recent studies have shown that over about the last thirty years, the majority of the world’s poor have achieved income growth faster than in developed countries for the first time in two centuries. But because income differences had become very wide and the developed countries’ incomes are still growing, absolute (dollar) income gaps will continue to widen for some time yet.

Suggested Citation

  • Australian Treasury, 2001. "Global poverty and inequality in the 20th century: turning the corner?," Economic Roundup, The Treasury, Australian Government, issue 1, pages 1-52, May.
  • Handle: RePEc:tsy:journl:journl_tsy_er_2001_1_1
    as

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    File URL: http://archive.treasury.gov.au/documents/110/PDF/Round2.pdf
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    References listed on IDEAS

    as
    1. Sachs, Jeffrey D, 1999. "Twentieth-Century Political Economy: A Brief History of Global Capitalism," Oxford Review of Economic Policy, Oxford University Press, vol. 15(4), pages 90-101, Winter.
    2. Peter H. Lindert & Jeffrey G. Williamson, 2003. "Does Globalization Make the World More Unequal?," NBER Chapters,in: Globalization in Historical Perspective, pages 227-276 National Bureau of Economic Research, Inc.
    3. Nuxoll, Daniel A, 1994. "Differences in Relative Prices and International Differences in Growth Rates," American Economic Review, American Economic Association, vol. 84(5), pages 1423-1436, December.
    4. T. N. Srinivasan & Jagdish Bhagwati, 1999. "Outward-Orientation and Development: Are Revisionists Right," Working Papers 806, Economic Growth Center, Yale University.
    5. William D. Nordhaus, 1995. "How Should We Measure Sustainable Income?," Cowles Foundation Discussion Papers 1101, Cowles Foundation for Research in Economics, Yale University.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    poverty;

    JEL classification:

    • I32 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Measurement and Analysis of Poverty

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