Search results
Results From The WOW.Com Content Network
Global share of wealth by wealth group, Credit Suisse, 2021 Share of income of the top 1% for selected developed countries, 1975 to 2015. Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is ...
As of 2006, the total value of global assets was about $125 trillion. [37] The evolution of the income gap between poor and rich countries is related to convergence. Convergence can be defined as "the tendency for poorer countries to grow faster than richer ones and, hence, for their levels of income to converge". [38]
[16] The WIR 2018 shows that, "The gap between rich and poor has increased in nearly every region in the world over the past few decades." [16] Since "1980, income inequality has increased rapidly in North America and Asia, increased more moderately in Europe, and stabilized at very high levels in the Middle East, Africa, and Brazil." [16]
The widening gap between the nation's rich and poor is leaving the U.S. economy more vulnerable to recurring financial crises and less likely to generate enduring expansions, reports Bloomberg.
In advanced economies, the gap between the rich and poor is at its highest level in decades. Inequality trends have been more mixed in emerging markets and developing countries (EMDCs), with some countries experiencing declining inequality, but pervasive inequities in access to education, health care, and finance remain. [21]
For premium support please call: 800-290-4726 more ways to reach us
Since the late 1970s, income inequality in the U.S. has grown by nearly 20%. The Great Recession has brought the disparity between the rich and the poor to the forefront of the news. The Occupy ...
In light of the economic gap between rich and poor countries, movement adherents claim free trade without measures in place to protect the under-capitalized will contribute only to the strengthening the power of industrialized nations (often termed the "North" in opposition to the developing world's "South"). [205] [better source needed]