On Aug 20, 2008, at 12:51 PM, Brad DeLong wrote:
On Wed, Aug 20, 2008 at 6:37 AM, Louis Proyect <[EMAIL PROTECTED]> wrote:
mrzine.monthlyreview.org/clement190808.html
Is Rising Global Inequality a Myth?
by Matthew Thomas Clement
....Furthermore, take China out of this
equation, and it already shows that [global] income has become more
unevenly
distributed over time [since 1970], not less...
So that if we don't count the 1/5 of the world that has converged, we
have divergence in global income levels?
How is this different from "if we don't count the poor, we are all
rich"?
Using countries as the units of comparison is pretty misleading.
Though average Chinese incomes have risen dramatically, the gap
between rich and poor Chinese has expanded dramatically. What's the
net impact of that on global inequality? Not easy to tell, really.
Milanovic has tried mixing country and household data to come up with
some sense of global income distribution, and he shows rising
inequality.
Doug
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