One of the striking features of our historical era is the degree of global inequality. In some nations the average person lives on less than $200 per year. In other nations the average income is 100 times larger. Though adjusting for purchasing power parity narrows the gap by about 40 percent (Ram 1979), it is quite evident that the world's $23 trillion annual output is unequally distributed in the extreme.
|Original language||English (US)|
|Number of pages||7|
|Journal||International Journal of Sociology and Social Policy|
|State||Published - Nov 1 1997|
All Science Journal Classification (ASJC) codes
- Sociology and Political Science
- Economics, Econometrics and Finance(all)