Is the developing world catching up?: global convergence and national rising dispersion
"The present study uses the GIDD, a CGE-microsimulation model for Global Income Distribution Dynamics, to understand the ex-ante dynamics of global income distribution. Three main robust results emerge. First, under a set of realistic assumptions, there will be a reduction in global income ineq...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C]
World Bank
[2008]
|
| Schriftenreihe: | Policy research working paper
4733 |
| Schlagworte: | |
| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | "The present study uses the GIDD, a CGE-microsimulation model for Global Income Distribution Dynamics, to understand the ex-ante dynamics of global income distribution. Three main robust results emerge. First, under a set of realistic assumptions, there will be a reduction in global income inequality by 2030. This potential reduction can be fully accounted for by the projected convergence in average incomes across countries, with poor and populous countries growing faster than the rest of the world. Second, this convergence process will be accompanied by a widening of income distribution in two-thirds of the developing countries; the main cause being increasing skill premia. Third, a trend that may counter-balance the potential anti-globalization sentiment is the emergence of a global middle class: a group of consumers who demand access to, and have the means to purchase, international goods and services. The results show that the share of these consumers in the global population is likely to more than double in the next 20 years. These ex-ante trends in global income distribution suggest that the mid-1990s could be seen as a turning point after which global inequality began showing a negative tendency. "--World Bank web site |
| Beschreibung: | Includes bibliographical references Title from PDF file as viewed on 5/12/2009 |
| Beschreibung: | 1 Online-Ressource |
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| 520 | 3 | |a "The present study uses the GIDD, a CGE-microsimulation model for Global Income Distribution Dynamics, to understand the ex-ante dynamics of global income distribution. Three main robust results emerge. First, under a set of realistic assumptions, there will be a reduction in global income inequality by 2030. This potential reduction can be fully accounted for by the projected convergence in average incomes across countries, with poor and populous countries growing faster than the rest of the world. Second, this convergence process will be accompanied by a widening of income distribution in two-thirds of the developing countries; the main cause being increasing skill premia. Third, a trend that may counter-balance the potential anti-globalization sentiment is the emergence of a global middle class: a group of consumers who demand access to, and have the means to purchase, international goods and services. The results show that the share of these consumers in the global population is likely to more than double in the next 20 years. These ex-ante trends in global income distribution suggest that the mid-1990s could be seen as a turning point after which global inequality began showing a negative tendency. "--World Bank web site | |
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| indexdate | 2024-07-10T09:54:28Z |
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| spelling | Bussolo, Maurizio 1964- Verfasser aut Is the developing world catching up? global convergence and national rising dispersion Maurizio Bussolo, Rafael E. De Hoyos, Denis Medvedev [Washington, D.C] World Bank [2008] 1 Online-Ressource txt rdacontent c rdamedia cr rdacarrier Policy research working paper 4733 Includes bibliographical references Title from PDF file as viewed on 5/12/2009 "The present study uses the GIDD, a CGE-microsimulation model for Global Income Distribution Dynamics, to understand the ex-ante dynamics of global income distribution. Three main robust results emerge. First, under a set of realistic assumptions, there will be a reduction in global income inequality by 2030. This potential reduction can be fully accounted for by the projected convergence in average incomes across countries, with poor and populous countries growing faster than the rest of the world. Second, this convergence process will be accompanied by a widening of income distribution in two-thirds of the developing countries; the main cause being increasing skill premia. Third, a trend that may counter-balance the potential anti-globalization sentiment is the emergence of a global middle class: a group of consumers who demand access to, and have the means to purchase, international goods and services. The results show that the share of these consumers in the global population is likely to more than double in the next 20 years. These ex-ante trends in global income distribution suggest that the mid-1990s could be seen as a turning point after which global inequality began showing a negative tendency. "--World Bank web site Online-Ausg Also available in print Income distribution Developing countries / Economic conditions Medvedev, Denis Sonstige oth De Hoyos, Rafael E. Sonstige oth World Bank Sonstige oth Bussolo, Maurizio Is the developing world catching up? http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4733 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Bussolo, Maurizio 1964- Is the developing world catching up? global convergence and national rising dispersion Income distribution |
| title | Is the developing world catching up? global convergence and national rising dispersion |
| title_auth | Is the developing world catching up? global convergence and national rising dispersion |
| title_exact_search | Is the developing world catching up? global convergence and national rising dispersion |
| title_exact_search_txtP | Is the developing world catching up? global convergence and national rising dispersion |
| title_full | Is the developing world catching up? global convergence and national rising dispersion Maurizio Bussolo, Rafael E. De Hoyos, Denis Medvedev |
| title_fullStr | Is the developing world catching up? global convergence and national rising dispersion Maurizio Bussolo, Rafael E. De Hoyos, Denis Medvedev |
| title_full_unstemmed | Is the developing world catching up? global convergence and national rising dispersion Maurizio Bussolo, Rafael E. De Hoyos, Denis Medvedev |
| title_short | Is the developing world catching up? |
| title_sort | is the developing world catching up global convergence and national rising dispersion |
| title_sub | global convergence and national rising dispersion |
| topic | Income distribution |
| topic_facet | Income distribution |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4733 |
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