Global Inequalities
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Bibliographic details
- Authors: ANDREW STANLEY
- Published: March 1, 2022
Overview
- Title: Global Inequalities
- Author: ANDREW STANLEY
- Publication: F&D Magazine
- Date: March 2022
- Read time indicator: Less than a minute(0 words) Read
- Note: Opinions expressed in articles and other materials are those of the authors; they do not necessarily reflect IMF policy.
Core findings
- Global inequalities are in bad shape and mostly do not appear to be getting better.
- Disparities today are about the same as they were in the early 20th century.
- The pandemic continues to make things worse.
- The World Inequality Report 2022 uses two traditional measures and two new measures to shed light on inequality.
Measures and key statistics
- Wealth:
- The poorest half of the global population owns just €2,900 (in purchasing power parity) per adult.
- The top 10 percent owns roughly 190 times as much.
- Income:
- The richest 10 percent today snap up 52 percent of all income.
- The poorest half get just 8.5 percent.
- Ecological inequality:
- Reported through carbon dioxide emissions by income category.
- Disparities are present not only between nations but within countries between the most well-off and the rest.
- Gender inequality:
- Measured through a breakdown of labor incomes.
- Over the past 30 years women’s share of income has only slightly improved.
Analysis
- The two new measures (ecological and gender inequality) extend understanding beyond traditional wealth and income metrics.
- Large disparities in carbon dioxide emissions exist across income categories, highlighting unequal ecological footprints.
- Gender disparities in labor income have shown only modest gains over the past 30 years.
Policy implications and recommendations
- Much can be done about inequality; it is framed as a political choice.
- Better policy design is presented as leading inevitably to fairer development pathways.
Prepared by F&D’s ANDREW STANLEY based on the World Inequality Report 2022 from the World Inequality Lab.
Content in this bundle
- تأمل معي
- Inégalités mondiales
- Global Inequalities
- Ни в какие рамки
- Desigualdades mundiales ● Finanzas y Desarrollo ● Marzo de 2022
- 全球不平等现象