Arab Today, arab today oecd global income equality now back at 1820s levels
Last Updated : GMT 19:34:12
Arab Today, arab today
Arab Today, arab today

OECD: Global income equality now back at 1820s levels

Arab Today, arab today

Arab Today, arab today OECD: Global income equality now back at 1820s levels

Global income equality
Paris - AFP

The gap between the haves and the have-nots globally is now at the same level as in the 1820s, the OECD said Thursday, warning it was one of the most "worrying" developments over the past 200 years.
In a major report on global well-being over the past two centuries, the Organisation for Economic Cooperation and Development noted inequality shot up after globalisation took root in the 1980s.
Researchers studied income levels in 25 countries, charted them back in time to 1820 and then collated them as if the world were a single country.
The results showed that income inequality dropped sharply in the middle of the 20th century -- which the OECD put down to what it called an "egalitarian revolution", notably with the rise of Communism in Eastern Europe -- but then spiked more recently.
By 2000, global levels of income inequality were at the same levels as in 1820, according to the report.
"This is very striking," said Guido Alfani, from Bocconi University, who participated in the survey.
"The enormous increase of income inequality on a global scale is one of the most significant -– and worrying -– features of the development of the world economy in the past 200 years," concluded the OECD in the 269-page report presented to the media.
Dutch economist Jan Luiten van Zanden said the report painted a similar picture to the stark warning in the controversial but best-selling book about global income inequality by French economist Thomas Piketty, "Capital in the Twenty-First Century".
"We are telling similar stories ... we are sharing the same concerns about global inequalities," said van Zanden.
"Piketty is comparing mostly western countries. His method should be analysed on a global scale," suggested the economist.
For the landmark study, researchers looked at trends in factors such as health, education, inequality, the environment and personal security over the past 200 years in order to build a picture of global well-being.
The conclusion: "People's well-being has generally progressed since the early 20th century across a large part of the world."
Life expectancy worldwide has shot up from less than 30 years in 1880 to almost 70 in 2000.
Literacy too has risen dramatically. Less than 20 percent of people could read in 1820; now the figure is around 80 percent.

 

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today oecd global income equality now back at 1820s levels Arab Today, arab today oecd global income equality now back at 1820s levels

 



Arab Today, arab today
Arab Today, arab today Ideen Belmahdy happy to be part of “ Fashion Star”

GMT 17:00 2017 Sunday ,26 February

Ideen Belmahdy happy to be part of “ Fashion Star”
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 12:06 2017 Sunday ,26 February

Britain banks on robots, AI to boost growth

GMT 12:00 2017 Sunday ,26 February

China to allow more IPOs to attract capital

GMT 06:31 2017 Sunday ,26 February

Consumer prices up in Canada

GMT 06:15 2017 Sunday ,26 February

Tsipras: Era of austerity is over
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Ola Ghanem hopes to work with M.Ramadan

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 13:47 2017 Friday ,24 February

Rabia Fatima reveals role of "Facebook" in her career

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday