The inequality between rich and poor nations Essay.
Income inequality between countries has improved, yet income inequality within countries has become worse. Today, 71 percent of the world’s population live in countries where inequality has grown.
The gap between rich and poor in OECD countries has reached its highest level for over 30 years. The income gap has risen even in traditionally egalitarian countries, such as Germany, Denmark and Sweden, from 5 to 1 in the 1980s to 6 to 1 today.
But the high inequality seen today in poor countries is prompting new theories. One emphasises outsourcing—when rich countries shift parts of the production process to poor countries.
Inequality and poverty The world's richest 1% have more than twice as much wealth as 6.9 billion people. The gap between the richest and the rest, especially those living in poverty is out of control.
A chart showing the rise and inequality and the gap between the rich and poor in China In the mid-2000s, China’s top 10 percent of the population controlled 45 percent of the country’s wealth. ( China’s National Bureau of Statistics ).
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