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Full Description
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
Preface - Jomo K. S.1. Global income inequalitymatters? - Branko Milanovic2. The scorecard on development: 25 years of diminished progress - Mark Weisbrot, Dean Baker and David Rosnick3. A converging or diverging world? - Bob Sutcliffe4. World economic growth and income distribution, 1980-2000 - Albert Berry and John Serieux5. Globalizing inequality: 'Centrifugal' and 'centripetal' forces at work - Gabriel Palma6. Growth not much good for poor - David Woodward and Andrew Simms7. Inequality trends in the developed OECD countries - John Weeks8. Inequality and household economic distress in the USA - Heather Boushey and Christian E. Weller9. Poverty and Inequality in Eastern Europe and the CIS Transition Economies - Mihaly Simai10. Equity in Latin America since the 1990s - Pedro Sainz11. Income distribution in the Middle East and North Africa, 1960-2000 - Maria Cristina Paciello12. Openness, trade liberalization, inequality and poverty in Africa - Alemayehu Geda and Abebe Shimeles13. Inequality in India: A survey of recent trends - Parthapratim Pal and Jayati Ghosh14. Economic growth and inequality in East Asia - Jomo K. S.15. Understanding the extent and evolution of inequalities in China - Ranja Sengupta and Jayati Ghosh
