Global Inequality



Things You Didn't Know About Global Inequality But Should Things You Didn't Know About Global Inequality But Should


Highlights include:

  • If the world were a country, it would rank near the very bottom of a list of the most unequal countries.
  • In 2000 the top 10% of adults in the world owned 85% of global household wealth, while the bottom half owned barely 1%.
  • Only five countries received 74% of the estimated $94 billion in portfolio equity flows to developing countries in 2005.
    • In 1980, the richest 1% of the world population earned 216 times the poorest 1%. By 2000, this had ballooned to 415 times the earnings of the poorest 1%.
    • On average, the United States has imposed tariffs on imports from developing countries that are more than three times higher than its tariffs on imports from developed countries.
    • European cows—each with an implicit income of $2.50 a day from government subsidies—have higher incomes than one-third of the world’s people.
    • The U.S. and E.U. sell half of the world’s wheat exports at prices 46% and 34% below the costs of production, respectively.
    • Developing countries were twice as likely to suffer from a financial crisis—averaging one every 5.4 years.

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    List derived from The Persistent Problem: Inequality, Difference, and the Challenge of Development, a report of the Task Force on Difference, Inequality, and Developing Societies of the American Political Science Association (2008).