TOPIC: Globalisation » Economy
Category
articles
Date
2012-12-14
Actor
Milanovic, Branko
Source
World Bank
Uploaded date
2012-12-18
Uploaded by

The Real Winners and Losers of Globalization

"The top 1% has seen its real income rise by more than 60% over those two decades. (All the amounts are expressed in 2005 international dollars.). An even greater increase was realized by those parts of the global income distribution that lie around the median: almost 80% real increase at the median itself, and some 70% around it. ... The only exception is the poorest 5% of the population whose real incomes have increased by 16% only." (Quoted from article)

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