Summary of Global income inequality is declining – largely thanks to China and India

Zsolt Darvas

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Global income inequality is declining – largely thanks to China and India summary

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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.

Summary

Most researchers examine income inequality within countries, which allows for comparisons among specific populations and provides a basis for assessing the impacts that social policies have on national wealth distribution. But looking at income inequality from different points of view can also yield some interesting revelations – for example, information on how incomes differ across nations or across economic blocs such as the European Union.