Flat World, Big Gaps: Economic Liberalization, Globalization and InequalityJomo K.S., Jacques Baudot Zed Books, 2007 - 416 pages Flat World, Big Gaps critically considers the impact of economic liberalization and globalization on inequality and poverty. The first half surveys the major analytical issues in the recent study of global inequalities. After a brief survey of different approaches to international income inequalities, the second chapter notes that indicators of economic growth performance as well as international economic inequities have deteriorated in the last quarter-century compared to the 1960s and 1970s. The following three chapters critically consider recent trends as well as their implications from different perspectives. High global inequalities mean that a very small share of economic growth - which often exacerbates living conditions for the poor - actually trickles down to the poor, who make up half the world's population. The second half of the volume surveys recent inequality trends in various parts of the world including the OECD, the USA, Eastern Europe and the CIS economies, Latin America, the Middle East and North Africa, sub-Saharan Africa, India, East Asia and China. |
Contents
A Converging or Diverging World? | 48 |
World Economic Growth and Income Distribution | 74 |
Inequality Trends in Some Developed OECD Countries | 159 |
Copyright | |
7 other sections not shown
Other editions - View all
Common terms and phrases
agriculture Algeria Asian average bottom capita income cent changes China CIS countries consumption debt decades deciles decline developing countries Development Report distribution of income East Asia ECLAC economic growth effects employment equity estimates exports FIGURE Gini coefficient global inequality groups growth rate higher household surveys impact income distribution income inequality income per capita income shares increasing inequality India Indonesia industrial Institute intercountry investment labour market Latin America log of income Malaysia MENA countries Milanovic national income number of countries OECD percentage period political poor poorest population poverty and inequality poverty line poverty reduction productivity quintile ratio recent redistribution reforms region regression relatively result rural sector shares of deciles significant social expenditure Source South Korea Statistics sub-Saharan Africa TABLE Taiwan trade liberalization trends Tunisia UNDP United Nations Washington workers World Bank World Development world income world inequality