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http://www.nytimes.com/2002/08/15/business/15SCEN.html
The papers cited can be found at Xavier Sala-i-Martin's Home Page here:
http://www.columbia.edu/~xs23/papers/referen.htm
ECONOMIC SCENE
The Rich Get Rich and Poor Get Poorer. Or Do They?
By VIRGINIA POSTREL
To critics of economic liberalization and international trade, it is an article of faith that the rich are getting richer and the poor poorer.
"Inequality is soaring through the globalization period — within countries and across countries," Noam Chomsky told a conference last fall, summarizing this common view.
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Antiglobalization activists are not just making up this idea. They have taken it from seemingly authoritative sources, notably the 1999 United Nations Human Development Report.
That widely cited report stated: "Gaps in income between the poorest and richest countries have continued to widen. In 1960 the 20 percent of the world's people in the richest countries had 30 times the income of the poorest 20 percent — in 1997, 74 times as much." It added that "gaps are widening both between and within countries."
Fortunately, this scary portrait is highly misleading.
( Read more... )
The papers cited can be found at Xavier Sala-i-Martin's Home Page here:
http://www.columbia.edu/~xs23/papers/referen.htm
ECONOMIC SCENE
The Rich Get Rich and Poor Get Poorer. Or Do They?
By VIRGINIA POSTREL
To critics of economic liberalization and international trade, it is an article of faith that the rich are getting richer and the poor poorer.
"Inequality is soaring through the globalization period — within countries and across countries," Noam Chomsky told a conference last fall, summarizing this common view.
Advertisement
Antiglobalization activists are not just making up this idea. They have taken it from seemingly authoritative sources, notably the 1999 United Nations Human Development Report.
That widely cited report stated: "Gaps in income between the poorest and richest countries have continued to widen. In 1960 the 20 percent of the world's people in the richest countries had 30 times the income of the poorest 20 percent — in 1997, 74 times as much." It added that "gaps are widening both between and within countries."
Fortunately, this scary portrait is highly misleading.
( Read more... )