Global income inequality has been dropping since the 1980s. But in this eye-opening analysis, researcher Zsolt Darvas delves beneath the surface of this progressive trend to uncover a sobering reality: Most of the decline has come from India and China, which together account for almost two-fifths of the world’s population. Across the planet, individuals’ prospects for advancement remain largely unchanged, making it difficult for some people to move up the income ladder. getAbstract recommends this thought-provoking text to economists, policy experts and analysts.
In this summary, you will learn
- How income inequality has trended on a global level since 1988, and
- How population-heavy India and China influence inequality across the world.
About the Author
Zsolt Darvas, a senior fellow at Bruegel, has held economic research positions at European financial institutions and universities.