Growth, Development, Distribution and Poverty This week we will focus on the issue of economic development, the world distribution of income, and finally world poverty
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GNP per capita is the most widely used index of economic development: the units are standardized US dollar measures of purchasing power: the most striking fact is the fast difference across countries in these income measures
As a result the gulf between
The shifting of the twin peaks over time: from YURI DIKHANOV AND MICHAEL WARD World Bank Economists. Is the valley between the peaks going to disappear?
Global income distribution, 1960–91.