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Globally the poorest 50% hold 2% of the world's wealth, [note 4] compared with 76% for the richest 10%, of which 38% goes to the richest 1%, and 12% to the richest 0.01%. [note 5] As a result, wealth inequality will have increased by 50% between the poorest 50% and the richest 0.01% between 2008 and 2022. [30]
The term "The Great Depression" is most frequently attributed to British economist Lionel Robbins, whose 1934 book The Great Depression is credited with formalizing the phrase, [229] though Hoover is widely credited with popularizing the term, [229] [230] informally referring to the downturn as a depression, with such uses as "Economic ...
The World Economy: Historical Statistics is a landmark book by Angus Maddison. Published in 2004 by the OECD Development Centre , it studies the growth of populations and economies across the centuries: not just the world economy as it is now, but how it was in the past.
In this post, we take a world view, comparing how inequitable incomes are in households of many nations. The data is in the form of the Gini Coefficient, a way that How the U.S. rates in income ...
The term was reportedly coined by Claudia Goldin and Robert Margo [1] in a 1992 paper, [2] and is a takeoff on the Great Depression, an event during which the Great Compression started. Share of pre-tax household income received by the top 1%, top 0.1%, and top 0.01%, between 1917 and 2005 [ 3 ] [ 4 ]
Income gini coefficient map according to the World Bank (2018). [201] Higher Income Gini Index for a nation in this map implies more income inequality among its people. The United States has the highest level of income inequality in the Western world, according to a 2018 study by the United Nations Special Rapporteur on extreme poverty and ...
Throughout the industrial world, cities were devastated during the Great Depression, beginning in 1929 and lasting through most of the 1930s. Worst hit were port cities (as world trade fell) and cities that depended on heavy industry, such as the steel and automotive industries. Service-oriented cities were hurt less severely.
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