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Global Inequality Recalculated : the Effect of New 2005 PPP Estimates On Global Inequality

Author: Branko Milanovic; World Bank.
Publisher: Washington, D.C. : The World Bank, 2009.
Series: Policy research working papers.
Edition/Format:   eBook : Document : International government publication : English
Summary:
The results of new direct price level comparisons across 148 countries in 2005 have led to large revisions of purchasing power parity exchanges rates, particularly for China and India. The recalculation of international and global inequalities, using the new purchasing power parity rates, shows that inequalities are substantially higher than previously thought. Inequality between global citizens is estimated at 70  Read more...
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Details

Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Branko Milanovic; World Bank.
OCLC Number: 778846967
Description: 1 online resource (18 pages)
Series Title: Policy research working papers.
Other Titles: World Bank e-Library.
Responsibility: Milanovic, Branko.

Abstract:

The results of new direct price level comparisons across 148 countries in 2005 have led to large revisions of purchasing power parity exchanges rates, particularly for China and India. The recalculation of international and global inequalities, using the new purchasing power parity rates, shows that inequalities are substantially higher than previously thought. Inequality between global citizens is estimated at 70 Gini points rather than 65 as before. The richest decile receives 57 percent of global income rather than 50 percent.

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