Chapter 9-2 - 1 Chapter9.2DevelopmentandIncomeInequality

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1 Chapter 9.2 Development and Income Inequality Income distribution –  How income is divided among different groups or individuals. Income inequality –  A ratio of the earnings of the richest to the earnings of the poorest. Organization for Economic Cooperation and Development (OECD) –  An organization founded in  1961 to enhance development by promoting economic growth among its member countries. Most  members have historically been the very wealthy, industrialized countries.  Champagne glass effect –  Concentration of large shares of income among the elites who form a  minority of the population. Lorenz curves –  Gini coefficient –  Range between 0 and 100; the closer to 0, the more equally income is distributed,  and the closer to 100, the more unequally income is distributed. Individual factors –  Skills and abilities each of us possesses as well as the attitudes we have about  work and leisure that effect income. Social factors –  conditions or circumstances within society at large that introduce different kinds of  pressures.  Policy-related factors –  Numerous and often reveal the priorities of a particular country or society.  Include policies affecting taxation, international trade, labor, immigration, and education. Historical factors – 
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This note was uploaded on 01/10/2012 for the course GEOG 1113 taught by Professor Bays during the Fall '10 term at Oklahoma State.

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Chapter 9-2 - 1 Chapter9.2DevelopmentandIncomeInequality

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