National Vices, Global Virtue: Is the World Becoming More Equal?
Blog Post
1/21/15
You may find the answer surprising, but the most recent data show that the world as a whole is becoming more equal, driven by fast growth rates of China and India and slower growth rates in rich countries. A decrease in the US mean income from 2008 to 2011, for instance, makes global convergence of people’s incomes a lot easier to achieve.
