Inequality can refer to economic inequality which is the difference in how assets, wealth, or income are distributed among individuals and/or populations. It is also described as the gap between rich and poor, income inequality, wealth disparity, wealth and income differences, or the wealth gap....

Emerging and developing countries have grown faster than advanced countries since the 2000s. This shifting weight of global economic activity from 'the West'to 'East and South'is referred to as 'shifting wealth'. But in recent years, a number of factors, such as lower commodity prices, seem to...