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The Galor-Zeira model, established by Oded Galor and Joseph Zeira in 1988, is the first macroeconomic model to examine the influence of economic inequality on macroeconomic dynamics. The model disputes the previously prevalent view, held by the representative agent approach in macroeconomics till the early 1990s, that economic inequality has no ...
The approach originated with the work of the Economic Commission for Latin America (ECLA or CEPAL) and is primarily associated with its director Raúl Prebisch and Brazilian economist Celso Furtado. Prebisch began with arguments that economic inequality and distorted development was an inherent structural feature of the global system exchange ...
Andy Sumner is an inter-disciplinary development economist.He has published extensively on global poverty, inequality and economic development including ten books.. His research is at the interface of development studies and development economics, with a particular focus on middle-income developing countries and the analysis of poverty and inequality within the processes of economic ...
In the economic literature on inequality four properties are generally postulated that any measure of inequality should satisfy: Anonymity or symmetry This assumption states that an inequality metric does not depend on the "labeling" of individuals in an economy and all that matters is the distribution of income.
World Inequality Report is a report by the World Inequality Lab at the Paris School of Economics that provides estimates of global income and wealth inequality based on the most recent findings compiled by the World Inequality Database (WID). WID, also referred to as WID.world, is an open source database, that is part of an international ...
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).
Other modern global topics can be easily traced back to the world-systems theory. As global talk about climate change and the future of industrial corporations, the world systems theory can help to explain the creation of the G-77 group, a coalition of 77 peripheral and semi-peripheral states wanting a seat at the global climate discussion table.
International inequality refers to inequality between countries, as compared to global inequality, which is inequality between people across countries. International inequality research has primarily been concentrated on the rise of international income inequality, but other aspects include educational and health inequality , [ 1 ] as well as ...