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The majority of the world's poor, by income poverty and multi-dimensional poverty, now live in countries officially classified by the World Bank as middle-income countries. Of course nothing happens when a country crosses a (somewhat) arbitrary threshold in per capita income but it does matter...
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"It is 2015. George Clooney is US President. Angelina Jolie is Vice President. Bob Geldof and Bono, respectively, Irish President and Prime Minister. China has just overtaken the US as the world's largest economy. India is not so far behind. Some of the UN poverty targets - the Millennium...
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What has happened to inequality between and within countries since 1990? In this paper we explore who have been the winners and losers from global growth since 1990. We find that falls in total global inequality in the last 30 years are predominantly attributable to rising prosperity in China....
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In this paper we argue that the decline in global inequality over the last decades has spurred a 'sunshine' narrative of falling global inequality that has been rather oversold, in the sense, we argue, it is likely to be temporary. We argue the decline in global inequality will reverse due to...
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