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Economic inequality is an umbrella term for a) income inequality or distribution of income (how the total sum of money paid to people is distributed among them), b) wealth inequality or distribution of wealth (how the total sum of wealth owned by people is distributed among the owners), and c) consumption inequality (how the total sum of money spent by people is distributed among the spenders).
It teaches economic development within the context of a major set of problems, such as poverty, inequality, unemployment, population growth, environmental decay, and rural stagnation. Formal, abstract models and concepts are used to elucidate real-world development problems rather than being presented in isolation from case study illustrations.
Rajan said, "Inequality is a real problem today, but it is the inequality of opportunity, of access to capabilities, of place, not just of incomes and wealth." [ 25 ] Economic historian Harold James wrote that "Piketty largely leaves war and war finance out of his account, and his extensive discussion of property and the French Revolution ...
"Inside the World Bank's new inequality indicator: The number of countries with high inequality". World Bank. {}: CS1 maint: multiple names: authors list ; Global Peace Index Map of Gini data for 2007–2010; Shadow economies all over the world : new estimates for 162 countries from 1999 to 2007. Friedrich Schneider, Andreas Buehn, Claudio E ...
These 10 books, including Stephanie Land's "Maid," will help you understand the inequalities built into America's economy. 10 books to help you understand inequality — and possible solutions ...
Unsustainable Inequalities: Social Justice and the Environment is a non-fiction book published in 2020 by French economist and researcher Lucas Chancel. [1] The book explores the intricate relationship between social inequalities and environmental degradation , offering a comprehensive analysis of the global challenges posed by these ...
Spatial inequality refers to the unequal distribution of income and resources across geographical regions. [1] Attributable to local differences in infrastructure, [2] geographical features (presence of mountains, coastlines, particular climates, etc.) and economies of agglomeration, [3] such inequality remains central to public policy discussions regarding economic inequality more broadly.
Milanovic (2011) points out that overall, global inequality between countries is more important to growth of the world economy than inequality within countries. [95] While global economic growth may be a policy priority, recent evidence about regional and national inequalities cannot be dismissed when more local economic growth is a policy ...
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