Global growth and distribution is popular PDF and ePub book, written by Maurizio Bussolo in 2007, it is a fantastic choice for those who relish reading online the China genre. Let's immerse ourselves in this engaging China book by exploring the summary and details provided below. Remember, Global growth and distribution can be Read Online from any device for your convenience.
Global growth and distribution Book PDF Summary
Abstract: Over the past 20 years, aggregate measures of global inequality have changed little even if significant structural changes have been observed. High growth rates of China and India lifted millions out of poverty, while the stagnation in many African countries caused them to fall behind. Using the World Bank's LINKAGE global general equilibrium model and the newly developed Global Income Distribution Dynamics (GIDD) tool, this paper assesses the distribution and poverty effects of a scenario where these trends continue in the future. Even by anticipating a deceleration, growth in China and India is a key force behind the expected convergence of per-capita incomes at the global level. Millions of Chinese and Indian consumers will enter into a rapidly emerging global middle class-a group of people who can afford, and demand access to, the standards of living previously reserved mainly for the residents of developed countries. Notwithstanding these positive developments, fast growth is often characterized by high urbanization and growing demand for skills, both of which result in widening of income distribution within countries. These opposing distributional effects highlight the importance of analyzing global disparities by taking into account - as the GIDD does - income dynamics between and within countries.
Detail Book of Global growth and distribution PDF
- Author : Maurizio Bussolo
- Release : 28 September 2024
- Publisher : World Bank Publications
- ISBN : 978186723xxxx
- Genre : China
- Total Page : 33 pages
- Language : English
- PDF File Size : 11,7 Mb
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