GEOG 216 Lecture Notes - Lecture 28: International Inequality, National Accounts, Gini Coefficient
23 Nov 2017
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Document Summary
Geography of the world economy december 4th. International vs global there is a difference. Milanovic"s three concepts are very important for ^ Income inequality measures disparity b/w % of pop and % of income received by that pop. Max inequality one person holds all income. Min inequality all persons hold the same % of income. If everybody had the same income, then there would be no inequality. If one person held everything, that would be perfectly unequal. Higher levels of inequality is bad for economic growth. Higher levels of inequality tied to higher levels of obesity, drug abuse, crime, diabetes etc. Study asked ppl how they perceived inequality to be, they didn"t have right answers. Greater awareness of differences in incomes across countries. People want better chances to different economic and educational opportunities. Global (aka world) inequality inequality b/w individuals in the world regardless of their nation (ie where they live); as if the entire world were one country.
