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A fundamental question in social sciences relates to the effect of wealth inequality on economic growth. Yet, in tackling the question, researchers have had to use income as a proxy for wealth. We derive a global measure of wealth inequality from Forbes magazine's listing of billionaires and...
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the world's richest 1 per cent, while just a modest amount of redistribution would have ended $2 poverty. If the share of … whether this implies the end of the historical two-cluster world rather than merely a transition as some people move from the … benefits from global growth in favour of fairly modest redistribution to the global poor. …
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