Home > Development Economics, Inequality > Global Inequality

Global Inequality

Some interesting facts in this video regarding global inequality. Particularly useful if you are covering the Lorenz Curve – notice the shape in the video. The richest 300 people in the world have the same wealth as the poorest 3 billion. The world is more unequal than at any time in history – 200 years ago everyone was poor. A small number of countries have achieved economic growth and been able to create jobs and raise the standard of living. However those countries represent only about 15% of the global population whilst 85% is what we call the developing world.

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