These estimates suggest that, while the rate of growth of the world economy slowed in the 1980-2000 period, and average within-country inequality worsened, the distribution of world income among individuals, nevertheless, improved a little. However, that result was wholly due to the exceptional economic performances of China and India. Outside these two countries, the slowdown in world growth was even more dramatic, the distribution of world income unequivocally worsened, and poverty rates remained largely unchanged.
Joseph Stiglitz
Kevin Gallagher
Martin Guzman
The International Monetary Fund (IMF) levies ‘surcharges’ or extra fees on member countries that either
- 09/12/2024
- Policy Brief
- Associated Authors: Marilou Uy
José Antonio Ocampo