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
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.