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Whither Income Inequalities?

  • Sundaram, Jomo Kwame
  • Popov, Vladimir

Some major trends in world income inequalities and relevant economic trends are reviewed here. In recent decades, there have been indications of a reversal of the growing income divergence between North and South after over half a millennium, especially in the last two centuries. Meanwhile, income inequalities within most countries have been growing again, increasing social tensions, which may jeopardize growth in some countries and reshape global economic competition. In the 1960s, when the profit rate and capital’s share of national income in Western countries were highest, income inequality within countries was at a historical low. Since the 1980s, the increasing share of profits in national income and rising inequality within countries have gone hand in hand.

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File URL: http://mpra.ub.uni-muenchen.de/52154/1/MPRA_paper_52154.pdf
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File URL: http://mpra.ub.uni-muenchen.de/52302/1/MPRA_paper_52154.pdf
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 52154.

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Date of creation: 11 Dec 2013
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Handle: RePEc:pra:mprapa:52154
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  1. Dani Rodrik, 2006. "The Social Cost of Foreign Exchange Reserves," Working Papers id:357, eSocialSciences.
  2. Vladimir Popov, 2012. "Russia: austerity and deficit reduction in historical and comparative perspective," Cambridge Journal of Economics, Oxford University Press, vol. 36(1), pages 313-334.
  3. Vladimir Popov, 2010. "Global Imbalances: Non-conventional View," Working Papers w0160, Center for Economic and Financial Research (CEFIR).
  4. Philippon, Thomas & Reshef, Ariell, 2009. "Wages and Human Capital in the U.S. Financial Industry: 1909-2006," CEPR Discussion Papers 7282, C.E.P.R. Discussion Papers.
  5. V. Popov., 2013. "Global Imbalances: An Unconventional View," VOPROSY ECONOMIKI, N.P. Redaktsiya zhurnala "Voprosy Economiki", vol. 1.
  6. Hausmann, Ricardo & Hwang, Jason & Rodrik, Dani, 2006. "What You Export Matters," CEPR Discussion Papers 5444, C.E.P.R. Discussion Papers.
  7. Jomo K.S. & M. Rock, 1998. "Economic Diversification And Primary Commodity Processing In The Second-Tier South-East Asian Newly Industrializing Countries," UNCTAD Discussion Papers 136, United Nations Conference on Trade and Development.
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