{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

lecture19 - WealthInequalities 20:07 wealthproprotions...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Wealth Inequalities 20:07 wealth proprotions  one essay gary for Wednesday  three main issues 1.growth at the global, natonal, and household level 2. persistent poverty at the  national income globally  and household level 3. growing income inequality at all levels  wages declne after 1280s-1590 (productivity flat), peaks of increasing such as gold in  new world, but gold tops out and decreases. Then 1800s industrial revolution  productivity increases with technology increase  evolution of GDP, seemingly convergence going on after 1800s GDP per capita, not converging. Income differences.  income per capita in various countries: Britain on top then America on top. Post  decolonization period of huge domestic violent conflict. China after Mao death then  increase.  Range between wealth in countries has increased  No unconditional convergence: if expected countries to converge: then slope would be  negative, but no relationship. No correlation of income distribution over time.  But when same graph applied to OECD countries, theory holds true. Powerful strength 
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Fall '11
  • AllanStam
  • converging. Income differences, Economic development matters, 1800s industrial revolution, social public health, economic financial systems

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern