There But for Fortune Written by Phil Ochs, Sung by Joan Baez Show me a prison, show me a jail Show me a pris'ner whose face has grown pale And I'll show.

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Presentation transcript:

There But for Fortune Written by Phil Ochs, Sung by Joan Baez Show me a prison, show me a jail Show me a pris'ner whose face has grown pale And I'll show you a young man With many reasons why There but for fortune, go you or I Show me an alley, show me a train Show me a hobo who sleeps out in the rain And I'll show you a young man With many reasons why There but for fortune, go you or I Show me the whiskey stains on the floor Show me a drunk as he stumbles out the door And I'll show you a young man With many reasons why There but for fortune, go you or I Show me a country where the bombs had to fall Show me the ruins of buildings so tall And I'll show you a young land With many reasons why There but for fortune, go you or I You or I

BBC India unveils prototype for $35 touch-screen computer 23 July 2010

Source: World Bank World Development Indicators

Now the Democratic Republic of the Congo ** PPP purchasing power parity *** FX foreign exchange. Sources: CIA World Factbook and World Bank World Development Indicators.

Therefore, a lot is at stake in the question of whether world income distribution has become more, or less, equal over the past twenty years or so. It turns out that there is no single correct answer, because the answer depends on which combination of measures one adopts. …. My reading of the evidence suggests that none of the eight alternative measures clearly shows that world income distribution has become more equal over the past twenty years. Seven of the eight show varying degrees of increasing inequality. The eighth…. shows no significant change in world income distribution. Robert Hunter Wade, LSE & Brown University The Rising Inequality of World Income Distribution Finance & Development, A quarterly magazine of the IMF December 2001, Volume 38, Number 4

We estimate the W[orld] D[istribution] [of] I[ncome] by integrating individual income distributions for 138 countries between 1970 and Poverty rates and headcounts are reported for four specific poverty lines. [[Poverty] Rates in 2000 were between one-third and one-half of what they were in 1970 for all four lines. There were between 250 and 500 million fewer poor in 2000 than in We estimate eight indexes of income inequality implied by our world distribution of income. All of them show reductions in global inequality during the 1980s and 1990s. Xavier Sala-i-Martin Columbia University “THE WORLD DISTRIBUTION OF INCOME: FALLING POVERTY AND… CONVERGENCE, PERIOD”

Each territory's size on the map is drawn according to its land area. Land Area

Total Population (2002) The size of each territory shows the relative proportion of the world's population living there

GDP Wealth Territory size shows the proportion of worldwide wealth, that is Gross Domestic Product based on exchange rates with the US$, that is found there.

The Wretched Dollar Territory size shows the proportion of all people living on less than or equal to US$1 in purchasing power parity a day.