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The Myth of Exploding Income Inequality in Europe and the World

In: Europe and Globalization

Author

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  • Xavier Sala-i-Martin

Abstract

This quote from one of the leaders of the ‘anti-globalization’ movement, Ignacio Ramonet, reflects five interesting issues. First, it shows that planetary inequalities are large. Very large. After all, ‘the combined wealth of the 358 richest people (all of them dollar billionaires) is greater than the total annual income of 45 per cent of the world’s poorest inhabitants, that is, 2.6 billion people’.

Suggested Citation

  • Xavier Sala-i-Martin, 2002. "The Myth of Exploding Income Inequality in Europe and the World," Palgrave Macmillan Books, in: Henryk Kierzkowski (ed.), Europe and Globalization, chapter 1, pages 11-31, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-4039-3767-4_2
    DOI: 10.1057/9781403937674_2
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