In this paper, we show that standard measures used in the income inequality literature, the Lorenz curve and the associated Gini-index, can successfully be applied to the distribution of defence spending across countries. Secondly, we use the Samuelson rule to explain the distribution of...

Key Features:Income disparity is a hot topic in the 21st century. This book reflects the latest developments of economic growth and income disparity with case studies of 11 countries. It reveals how serious is the inequality, where inequality comes from and how to deal with these issuesThe book...